Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.
  • ACWA Power inks deal for Layla PV Solar project worth $107m

    Saudi ACWA Power Co. has signed a power purchase agreement with Saudi Power Procurement Co. for the Layla PV Solar...

    The company won the contract for submitting the lowest bid of 11.2 halala/KWh

    ACWA Power will develop, construct, and operate Layla PV Solar IPP, a plant located in Riyadh

  • UAE is determined to disrupt organized crime: Minister of Justice

    A day after the arrest of a British national in Dubai over a $1.7 billion dividend tax fraud case in...

    For the past two years UAE authorities have worked closely with their Danish counterparts to compile a strong body of evidence in this case

    The UAE’s commitment to collaboration is also symbolized in the general extradition treaty signed with Denmark in March 2022

  • German carmaker Mercedes recalls one million older vehicles

    German carmaker Mercedes-Benz is recalling nearly one million older vehicles worldwide due to a potential problem with the braking system,...

    The KBA said that the recall affected cars built between 2004 and 2015, of the SUV series ML and GL and the R-Class luxury minivan

    The company said it would "start with the recall immediately" and contact the owners of the "potentially affected vehicles"

  • Palestinian farmers battle foot-and-mouth outbreak

    An outbreak of foot-and-mouth disease in the West Bank early this year has killed thousands of livestock, pushing Palestinian farmers...

    Palestinian farmers blamed the PA for halting a vaccinations program that had proven essential in protecting livestock against an endemic disease

    A new strain of foot-and-mouth disease (FMD), which causes potentially lethal fevers and blisters in young animals, was detected in livestock last November in Jordan

  • UAE blazes a trail with AI, leads Europe and MENA

    The Gulf country leads EMEA in the leverage of data, data science, and AI for the purposes of decision making...

    The UAE has established itself as a world leader in AI, having been the first nation to appoint a minister of state for AI

    Data science and AI are advancing, yet managers and non-managers in the UAE have different perceptions about data utility and AI's role

  • Dubai Airports to divert 60% of DXB’s waste from landfills

    Dubai Airports new waste management program will prevent 60 percent of all waste from entering landfills by the middle of...

    A food waste management plan has been created jointly by Dubai Airports’ and its partner BEEAH Group

    The waste treatment plan is expected to compost over 2,000 tonnes of food waste annually across Dubai International premises

  • Oman, Iran sign deals on oil field, two gas pipelines along maritime border

    The two countries signed deals to develop two gas pipelines and an oil field along their maritime border, Oman's energy...

    The two sides have signed memoranda of understanding concerning oil and gas, but did not provide details

    A deal was reached about two decades ago to allow Iran to supply Oman with gas, but the project never materialised

  • Saudi stocks lead declines among Gulf bourses

    Saudi Arabia's benchmark index finished 1.3% lower, hurt by a 2.1% fall in oil giant Saudi Aramco and a 1.2%...

    Saudi Arabia's benchmark index finishes 1.3% lower, hurt by a 2.1% fall in oil giant Saudi Aramco and a 1.2% decline in country's biggest Islamic lender Al Rajhi Bank

    Abu Dhabi Stock Exchange witnesses a 0.5% drop in equities with the United Arab Emirates' largest lender First Abu Dhabi Bank losing 1.3%

  • Qatar’s Ministry of Labor launches package of electronic services

    Qatar's Ministry of Labor says the new electronic services will streamline procedures and ensure better quality of services

    Qatar's Labor Ministry unveils electronic services for enhancing digital transformation and automation

    The electronic services will speed up transactions and streamline procedures, says Labor Ministry

  • Food prices fall in May after hitting record high in March, cereal production may drop

    World food prices dipped in May for a second consecutive month after hitting a record high in March, although the...

    FAO says world food prices dipped in May for a second consecutive month although the cost of cereals and meat rose

    Global cereal production would drop in the 2022-23 season for the first time in four years, says FAO