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Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

  • Europe energy market: Will Qatar replace Russia?

    The United States has asked Qatar to supply gas to Europe if Russian supplies were disrupted due to Moscow's military...

    Qatar gas exports account for about 106 billion cubic meters, with 80 percent going to Asia and 20 percent to Europe

    Qatar could cover around 13 percent of Russian gas imports to the European Union and the United Kingdom

  • Ras Al Khaimah Tourism Development Authority on Best Workplaces List

    Ras Al Khaimah Tourism Development Authority (RAKTDA) has achieved sixth place on the Best Workplaces List of 2022 – Small...

    It was also named one of the Best Workplaces for Women and a Great Place to Work in 2021.

    RAKTDA was also recognized as the ‘Government Entity with the Happiest Work Environment' in the emirate.

  • ECI signs MoU with Terminus Group to strengthen digital infra projects

    Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a Memorandum of Understanding (MoU) with Terminus Group,...

    The ECI said that it will safeguard the Terminus Group’s receivables and mitigate potential risks while trading in the UAE market or entering new competitive business settings.

    Terminus Group is exploring with UAE strategic partners to bring its innovation and manufacturing capabilities to the UAE by setting up an innovation hub.

  • Firms listed on Muscat Stock Exchange post $1.4bn in net profits

    Omani companies, which are listed on the Muscat Stock Exchange (MSX), reported total net profits of $1.39bn for the year...

    The profits were 3.7 percent less than the $1.44bn in 2020 due to a fall in net profits of four out of the top five sectors at the MSX.

    As per the report, Oman’s banking sector, the biggest sector in the exchange by market capitalization, offset some of the net profit declines of other main sectors.

  • NBK Q1 net profit $383m

    Total assets by the end of March grew by 8.7 percent YOY.

    Total loans and advances increased by 12.3 percent year-on-year to $66 billion, and total shareholders’ equity reached $11.2 billion.

    Net operating income of KD 236.5 million ($778.3 million), increasing by 6.8 percent compared to Q1 2021.

  • Increase in demand helps GCC real estate recover

    From the UAE to Saudi Arabia, Qatar to Kuwait, the GCC countries have posted robust growth in the real estate...

    Dubai saw the most significant recovery in the UAE real estate market, with the total value of residential real estate transactions increasing to $35bn by 2021

    According to data compiled by the Saudi newspaper Al-Watan, the real estate sector had the most significant value of contracts in Q4 2021

  • Nakilat Q1 net profit up 19.28 percent

    Nakilat noted that earnings per share amounted to QR 0.07 in Q1 2022.

    Compared to its profit in April of 2021 which, stood at QR 320.106 million, the profit reached QR 381.835 million.

    Nakilat represents the main transport link in the global supply chain of liquified natural gas from the State of Qatar.

  • Star-studded projects point to Saudi transformation

    Some of the iconic real estate holdings developed by Taiba throughout Saudi Arabia suggest that the Kingdom is headed towards...

    The company is a key supporter of Saudi Arabia’s transformative Vision 2030, in particular in regard to economic diversification.

    Taiba, which has interests in hotels, tourism facilities and real estate, has a market capitalization of $1.5 billion, Refinitiv data shows.

  • Jordan and Azerbaijan look to boost trade ties

    According to the statement, a Jordanian-Azerbaijani Economic and Investment Business Forum will be held in the coming period

    The meeting also discussed the successful economic policies established by the Kingdom to support the private sector

    It encourages foreign investment and provides more investment opportunities for companies wishing to invest in the Kingdom

  • SHL of KSA to be on bourse

    Saudi Home Loans to trade on Tadawul from April 20.

    Operating since 2007, SHL is 40-percent owned by Arab National Bank, the second-largest shareholder is Dar Al Arkan, with 15 percent of the share capital

    The Riyadh-based company raised SR600 million ($160 million) in an initial public offering last month that saw huge demand from investors