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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.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.
  • Mubadala, Aris Gold sign agreement

    The pact is meant for operation of Soto Norte Gold Project in Colombia.

    Through a joint venture company, Aris Gold will acquire a 20 percent ownership interest in Sociedad Minera de Santander SAS and Sociedad Minera Calvista Colombia.

    On closing, Aris Gold and Mubadala will enter into a comprehensive agreement to govern the joint venture company.

  • US drought pushes cotton prices to ten-year high

    The plant fiber reached $1.3171 per pound (about 453 grams) on the key US futures contract, the highest since July...

    The plant fiber reached $1.3171 per pound (about 453 grams) on the key US futures contract, the highest since July 2011

    Rainfall has been exceptionally low since early January in the northwest part of Texas which produces about 40 percent of all US cotton production

  • Kuwait, KSA agree on plan to develop joint offshore gas field

    The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company.

    The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company

    The gas output will be divided evenly between the Gulf Arab neighbors, at a time where soaring consumption has led to growing demand for energy in the two countries

  • Debt-ridden Evergrande urges investor ‘caution’ as audit result delayed

    Evergrande has urged its investors to exercise caution as debt-ridden Chinese giant faces financial challenges.

    Evergrande has urged its investors to exercise caution as debt-ridden Chinese giant faces financial challenges

    Earlier, IMF warned that the property funding crisis could affect the broader economy and global markets

  • April 2 will be first day of Ramadan: International Astronomical Center

    It will be possible to see the crescent with a telescope, but not the naked eye, from parts of the...

    Seeing the crescent on Friday, April 1, is not possible with the naked eye from anywhere in the Islamic world

    It can be viewed only through a telescope, but with great difficulty, from parts of Africa and the Americas

  • In fair phase-out of oil, gas-rich nations should stop first: Report

    For a 50/50 chance of limiting the rise in global temperatures to 1.5C, 19 countries in which per capita GDP...

    The overarching objective, enshrined in the 2015 Paris Agreement, is to cap global warming ‘well below’ 2C, and 1.5C if possible

    A torrent of research since 2015 has confirmed that the lower aspirational target is by far a safer threshold

  • UAE looks to accelerate trade cooperation with Turkey

    The FCCI is keen to enhance cooperation with MÃœSÄ°AD and utilize the momentum provided by Expo to intensify relations between...

    The two sides reportedly discussed ways to enhance trade ties between FCCI and MÃœSÄ°AD

    They are also said to have focused their discussions on the prospects of growing cooperation

  • Investments key to improve region’s telecom services

    There is so much more the industry can explore through digital engagement, including digitizing products and services, gamifying experiences, creating...

    In today's digital economy, personalized experiences have become a prerequisite for companies wanting to achieve bigger gains

    The pandemic has proved that more customers place quality networks and services above the pricing amount while making purchasing decisions

  • Marilyn Monroe portrait may fetch $200m at auction

    Christie's said it expects Andy Warhol's 1964 "Shot Sage Blue Marilyn" to become the most expensive 20th century artwork when...

    Christie's described the 40 inch (100 centimeter) by 40 inch portrait as "one of the rarest and most transcendent images in existence."

    Warhol began creating silkscreens of Monroe following the actress's death from a drug overdose aged just 36 in August 1962.

  • Saudi Arabia Railways opens tickets for train to strategic Al Qurayyat

    Saudi Arabia Railways "SAR" has opened online booking of tickets for train services via the North Train to and from...

    The services starts on March 31, 2022, with a long-distance journey of 1,215 km by passenger train between Riyadh and Al-Qurayyat.

    Saudi Arab Railway stated that such a step comes in conjunction with the inauguration of the Al-Qurayyat passenger train station on March 30, 2022.