Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

  • ADNOC to build two LNG vessels

    The two 175,000 cubic meter LNG vessels will join the company's fleet in 2025.

    The new-build LNG vessels are significantly larger than the current ADNOC L&S fleet of LNG vessels, which have a capacity of 137,000 cubic meters.

    Over the past 24 months, ADNOC L&S acquired 16 deep-sea vessels, including eight Very Large Crude Carriers in 2021.

  • DEWA IPO biggest since Aramco

    DEWA shares soared 19% in the first minutes of trading on Tuesday.

    DEWA last week said it had raised AED22.3 billion ($6.1 billion) in the region's largest IPO since Saudi Aramco

    Some 9 billion shares, an 18 percent stake, were listed, with the initial price set at AED2.48 ($0.68)

  • Honda plans $40bn EV investment

    The automaker is switching all sales away from traditional fuel cars.

    Global auto giants are increasingly prioritizing the production of electric and hybrid vehicles

    After all, demand is growing for less polluting models as concern about climate change grows

  • How do MENA oil prices compare with the world?

    Prices of crude oil have skyrocketed across the world, thanks to the Russian invasion of Ukraine and the subsequent sanctions...

    Russia is a major supplier of oil to European countries and the United States, besides other countries

    However, they are not accepting crude from Russia anymore, pushing up prices of oil from elsewhere

  • Meta tests sale of virtual goods in metaverse

    Meta, the parent company of Facebook and Instagram, will give content creators the opportunity to sell virtual items to users...

    The metaverse consists of a set of parallel "universes" accessed primarily through augmented and virtual reality platforms

    It already exists in a basic way in the form of video games such as Minecraft, Fortnite and Roblox and social platforms such as Horizon Worlds, and VRChat

  • Dubai records $417m worth of realty transactions on Monday

    The Dubai real-estate market recorded transactions amounting to more than AED1.53 billion ($417.72 million) on Monday, April 11.

    Dubai saw 403 sales worth AED1.12 billion (around $305 million) and 80 mortgage deals of AED414.07 million ($112.73 million)

    The emirate also saw 10 gift transactions that amounted to AED18.32 million (almost $5 million) on Monday

  • Cybersecurity – The rush to catch up with reality

    The invasion of Ukraine was a major wake-up call globally for both governments and private firms. Small-to-medium businesses need to...

    The number of cyberattacks against small-to-medium businesses has increased by 150 percent over the past two years, and the companies’ defenses have not grown accordingly

    Shortage of workforce, which needs to grow by 65 percent for organisations to be able to sufficiently defend their critical assets, is adding to the cybersecurity woes

  • Global projects to fuel Aramco 2022 growth

    The Saudi Arabian Oil Company has outlined a clear strategy to continue to invest in both upstream and downstream segments,...

    In March, Saudi Aramco said its net income increased 124 percent to $110 billion in 2021, compared to $49 billion in 2020

    This was the result of higher oil prices, stronger refining and chemicals margins, and SABIC’s consolidation of full-year results

  • dnata of UAE unveils new cargo center at Heathrow airport

    dnata, Dubai-based air and travel services provider, has unveiled a new 10,500 sqm cargo center at London Heathrow airport.

    The new facility is part of the firm’s dnata City East complex, and will increase its capacity at Heathrow

    It now operates 13 cargo centers at six airports in the country

  • Italy PM in Algeria seeking gas to reduce Russia reliance

    Italian Prime Minister Mario Draghi arrived in gas powerhouse Algeria on Monday as Rome steps up efforts to reduce its...

    Italy buys the vast majority of its natural gas from overseas, with over 40 percent of those imports coming from Russia.

    Rome is hoping its second-biggest supplier Algeria can boost output via an undersea pipeline in order to provide alternatives.