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.

  • The agreement was signed between, Dubai Aviation City Corporation and Dubai South Executive Chairman Khalifa Al Zaffin and Discovery Land...

    Discovery Land purchased the plot of land that will be utilized for the development of the spacious luxury golf community

    It will be built up to the highest standards and become among the top golf course communities in the region once completed

  • The MoU is expected to help the commission as well as the company to support Saudi fashion designers.

    As part of the agreement, Saudi fashion designers will benefit from the support of platforms managed by Fawaz A Alhokair and Partners Co

    The two parties will also collaborate on sustainability programs and projects, with implementation supervised by specialized teams in both parties

  • Nestle raised prices due to inflation, and signaled more hikes.

    Nestle's organic growth reached 7.6 percent in the first quarter, exceeding the forecast of analysts

    The growth excludes the effects of acquisitions or divestments to focus on a company's core operations

  • Carbon credits can be traded on legal carbon markets, such as the Emissions Trading System of the European Union. They...

    Expected to launch in Q3 2022, ACX will be established as a recognized investment exchange regulated by ADGM

    The GCC's broader plan to achieve net-zero was one of the main factors in establishing a carbon market in Abu Dhabi

  • Touchdown Aviation (TDA) will provide Etihad Engineering supply chain solutions locally in Abu Dhabi, to ensure the availability of high...

    Etihad Engineering has successfully completed maintenance projects over the years for airlines from all over the world.

    The company's state-of-the-art 500,000 sqm facility is located in Abu Dhabi, adjacent to Abu Dhabi International Airport.

  • Abdullah Al-Sudairy will hold the dual posts of CEO and MD.

    Al-Sudairy has served as the company’s CEO since 2007 and has a wide range of experience in the financial sector

    The Saudi-listed company said it received the Saudi central bank’s no-objection on April 21

  • Qingdao (China) and Sokhna (Egypt) among strong performers.

    The first-quarter growth was driven by Asia Pacific, Middle East, Europe and Africa, and Americas regions.

    The company said that at a consolidated level, its terminals handled 11.3 million TEU during the first quarter of 2022.

  • The bank said it was the highest quarterly profit since 2019.

    The bank said the total income was up 3 percent year on year to AED 6.4 billion on improved loan mix and cheaper deposits.

    The bank’s total assets rose 1 percent to AED 694 billion despite the Turkish Lira depreciation, it said.

  • Italy is ethically obliged to stop buying Russian gas "soon" as the payments are funding the Ukraine war, the country's...

    "We are diversifying our sources with great speed," he said

    Cingolani predicted the country would no longer need Russian gas within 18 months

  • The UAE and South Korea have signed an agreement to boost ties between the two countries to develop entrepreneurship and...

    Under the terms of the MoU, the two parties will jointly design flexible partnership program during the next phase

    They will also cooperate in exchanging knowledge regarding the development of program, policies and legislation related to the entrepreneurship sector in the two countries