Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.
  • Officials, top executives and experts at the TOP CEO Conference in Dubai brainstorm on ways to stabilise economies and secure...

    Among other issues, the last day of the event focused on how unstable global economic cycles, regional conflicts, and health risks shall be dealt with to make the economies prosper

    'The Inflation Monster session' at the event explored the options before the governments and central banks of the region to handle the rising prices

  • The Airport Show, the world’s largest annual airport event, was opened by Sheikh Ahmed bin Saeed Al Maktoum, President of...

    The Airport Show, the world’s largest annual airport event, was opened by Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority

    The future projects at the airport include Unmanned Traffic Management, Scheduled UA operations, Night Operations, Multiple Unmanned Aircraft Operations among others

  • The bank CEO said robots will play a major role in the future.

    CBK is the only bank to have SwatchPAY, which is a smart-watch payment service, she informed.

    Mahfouz said that one of the things that stood out to her as a woman working in the banking sector was getting more support from males than females.

  • Billionaire Elon Musk said Tuesday his bid to buy Twitter won't proceed unless he gets proof of the number of...

    This latest twist to his $44 billion move to acquire the key platform sparked speculation over whether the world's richest person was trying to shrink the price tag

    Musk last week tweeted his bid for the company was "temporarily on hold," pending questions over its estimates of the number of fake accounts, or bots

  • The impact of Beijing's zero-Covid strategy on the world's second-largest economy was revealed Monday when official data showed that retail...

    Much of the city of 25 million has been under lockdown since April as Beijing attempts to stamp out an Omicron-fueled virus surge.

    Tuesday's rally coincides with the third day in a row that Shanghai has recorded no Covid-19 cases outside of its quarantine facilities.

  • Acquisition of Planet Pharmacies and growth in segment ops led to growth.

    Gross profit margin increased to 41 percent compared to 28 percent in the previous year.

    EBITDA from continuing operations increased to AED40 million in Q1 2022.

  • Russia may cut gas supplies to Finland soon over the Nordic country's refusal to pay Gazprom in rubles, Finnish state-owned...

    On Sunday, Russia suspended electricity supplies to Finland overnight after its energy firm RAO Nordic claimed payment arrears.

    Moscow has repeatedly warned Finland that any NATO membership application would be "a grave mistake far reaching consequences".

  • IHC to provide capital to Adani firms for green energy projects.

    The deal represents 4.87 percent of the total trade between the UAE and India, which has reached $41 billion between 2020 and 2021.

    India's total electricity generating capacity is more than 390GW, and renewables exceed 100 GW.

  • The gates opened shortly after 11:00 pm local time (2200 GMT) on Monday night, letting dozens of cars and queues...

    borders between the two countries were shut due to Covid restrictions and a major diplomatic row

    Local economies in the border areas of two enclaves depend on the crossing of people and goods

  • May Nasrallah, founder of deNovo, tells TRENDS the new listings on GCC bourses have spawned a new chapter in regional...

    "IPOs in the Gulf prove resilient to the volatility hurting deals in other markets, such as high oil prices, stable economies, and abundant liquidity fuel activity," she said.

    Recent IPO listings in 2021 include 20 public listings of Saudi companies (9 on Tadawul and 11 on Nomu), like ACWA Power International and Saudi Telecom.