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.
  • Defying grim expectations of economic recession battering the world economy, Dubai has burnished itself by attracting a heavy dose of...

    The emirate has won over more than 600 FDI projects, including greenfield projects last year

    Dubai’s economy grew 6.3 percent in the first nine months of 2021

  • The likes of TikTok, LinkedIn, Pinterest, Twitter and even Apple now vie with Meta for people's online attention as Facebook...

    Facebook remains the biggest social media platform with 2.94 billion monthly users

    But like other free online platforms, Facebook makes its money from ads targeted at people's interests

  • It bought a 9.8% stake for $4.4bn in the British firm.

    Formerly known as Etisalat, the company has acquired around 2,766 million shares in Vodafone Group

    The transaction comes in line with the telecom company’s efforts to become a global player in the field and increase its exposure to international markets

  • One of the biggest challenges for women in the GCC is the lack of possibilities in the workplace, Novonda founder...

    Companies must make sure to have a diversity-friendly personnel policy and HR practices, says Novonda founder Jean-Pierre Calvez

    Digitalization and flexible working strategies have been crucial for the workforce, he adds

  • Iran is considering the possibility of exporting gas to Europe, an oil ministry official said Sunday against the backdrop of...

    Russia's invasion of Ukraine in February sent global oil and gas prices soaring, with many European countries dependent on energy imports from Russia.

    Tehran and Baghdad had signed a memorandum of understanding a few weeks ago that will see the country increase gas exports to Iraq.

  • The Public Investment Fund (PIF) today announced the launch of the Saudi Coffee Company. The company is established to enable...

    The launch of the Saudi Coffee Company aligns with PIF’s strategy, which focuses on developing and enabling 13 promising sectors

    The Saudi Coffee Company’s primary goal is to ensure the national coffee industry is enabled along its entire value chain, from bean to cup

  • From e-commerce colossus Amazon to social networking star Facebook, US tech firms that once grew with abandon have reined in...

    Twitter confirmed that it has flat-out suspended hiring, and even showed a few senior executives the exit, as it faces a takeover by Elon Musk, the richest person on the planet.

    Amazon,  the second largest employer in the United States, revealed that its ranks are overly plump after ending last year with more than twice as many workers as it had in 2019.

  • Bassel Gamal, the Group CEO of Qatar's second-largest bank, tells TRENDS that leaders should empower their employees to make decisions.

    "Today, all GCC economies are recovering from the pandemic thanks to higher oil prices, supporting government spending and normalizing business activity."

    "The leadership has shifted towards a more collaborative approach, fostering teamwork, productivity, innovation and creativity."

  • Surge in oil prices benefited the world's most valuable company.

    Aramco's net income of $39.5 billion was up from $21.7 billion in 2021, "primarily driven by higher crude oil prices and volumes sold, and improved downstream margins."

    The latest financial results were published four days after Aramco dethroned Apple as the world's most valuable company, with shares worth $2.42 trillion

  • Commercial Bank of Dubai CEO Dr. Bernd van Linder tells TRENDS that today’s business leaders must not only be consummate...

    “Although I have always been a firm believer in participative leadership, it is clear to me that business leadership is now less hierarchical and involves even more participation.”

    “To drive innovation, one of the key measures that leaders need to focus on is to encourage employees to take risks without the fear of failure.”