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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.

  • Flydubai net up 76% to $229m

    The Emirati budget airline carried 5.6 million passengers last year.

    Dubai, a tourism and trading hub, has since October been hosting the delayed Expo 2020 world fair, which ends on March 31

    In July 2020 Dubai became one of the world's first locations to reopen to foreign travel

  • Saudi Monsha’at launches portal for entrepreneurs

    Young entrepreneurs in Saudi Arabia will now have access to the National Business Innovation Portal, providing them with necessary tools...

    The Small and Medium Enterprises General Authority, also known as Monsha’at, and the King Abdulaziz City for Science and Technology unveiled the portal

    The newly launched portal includes a set of specialized sections that guide business innovators through the stages necessary to bring a project to success

  • Sharjah Entrepreneurship Foundation discusses SMEs funding requests

    The Project Finance Committee of the Sharjah Entrepreneurship Foundation (Ruwad) has approved AED300,000 finance for a project that will work...

    The Foundation’s Project Finance Committee approved AED300,00 finance for a health fitness service program.

    The total approved financing by the end of February amounted to AED33 million, of which AED14.4 million were directly financed by the institution.

  • Saudi Crown Prince inaugurates World Defense Show in Riyadh

    Saudi Arabia's Crown Prince Mohammed bin Salman has inaugurated the four-day-long World Defense Show in Riyadh, organized by the General...

    Over 590 global companies representing 42 countries are participating in the event

    A number of national government agencies in the defense, military and security sectors are also among those taking part

  • Obeikan Glass net profit up 900 percent

    The Saudi manufacturer’s revenue rose 77 percent year-on-year.

    The firm, which recently joined the Saudi stock exchange, attributed the improved performance to an increase in sales volumes.

    Obeikan Glass Company says it is the largest glass manufacturing facility of its kind in the Middle East region.

  • Jordan’s real estate trading at JD73 5mn in 2022

    The Department of Land and Survey (DLS) revealed that the revenue in the first two months of 2022 stood at...

    The Department of Land and Survey (DLS) revealed that the revenue in the first two months of 2022 stood at JD32.4 million up 15% from the figure reported in 2021

    Overall real estate sales in the Kingdom in the period decreased by 10 percent, as apartment sales declined by 5 percent

  • Aluminium, copper prices hit records on Ukraine fallout

    Aluminium reached $4,026.50, the first time the lightweight metal had breached $4,000 per tonne.

    Aluminium reached $4,026.50, the first time the lightweight metal had breached $4,000 per tonne

    Commodities have been red hot since Russia's assault on its neighbour, with gold on Monday back above $2,000 an ounce

  • Australian power firm rejects green billionaire’s takeover bid

    AGL Australia's largest energy company said its board had over the weekend rejected a joint bid of $8.25 (US$6) per...

    AGL Australia's largest energy company said its board had over the weekend rejected a joint bid of $8.25 (US$6) per share from Cannon-Brookes, founder of the tech firm Atlassian

    The firm said in a statement to the Australian stock exchange that the buyout proposal was still "well below the fair value of the company."

  • UAE, Israel work to secure region’s food needs

    Government support, coupled with strong social systems, must ensure that no one goes hungry, says Nobel Laureate Dr Dan Shechtman

    Enhancing collaboration between research institutes and agritech companies in Israel and the UAE will be pivotal to secure region's food future, say Israeli experts

    Arab region needs to develop the knowledge to grow crops in arid conditions, says Dan Shechtman of Israel Institute of Technology

  • Saudi Arabia teams up with China to produce UAVs in kingdom

    Saudi Arabia has teamed up with China to manufacture unmanned aerial vehicle payload systems in the kingdom.

    The agreement was signed between Saudi Advanced Communications and Electronics Systems Co., ACES and China Electronics Technology Group

    This came after the Riyadh-based telecommunication firm established a new company for unmanned aircraft in the Kingdom, under the name of Aerial Solutions