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 holiday will last till the third day of the month of Shawwal, which is yet to be declared.

    The holidays will begin on Tuesday, the 29th day of Ramadan

    That date corresponds to April 30 on the Gregorian calendar

  • The company has chosen MAN Energy Solutions to provide 25 sets of biofuel generators for the sustainable tourism destination.

    The Red Sea destination will apparently use solar energy stations that include storage batteries with the system of MAN GenSets

    These generators will reportedly have engines that will let them use the climate-neutral B100 biofuel

  • Oil began inching upward on Thursday after a day of losses over demand concerns linked to the Covid-19 lockdown in...

    The United States has said it will release a substantial portion of its oil reserves to cushion the shortfall

    "Oil is still trading mixed after Tuesday's sharp pullback but is opening in Asia near the midpoint of yesterday's trading range," Stephen Innes of SPI Asset Management said

  • Earlier this month, Elon Musk made an unsolicited bid of $43 million for Twitter, citing better freedom of speech as...

    Moody's estimated it would cost Musk $39 billion to buy all the outstanding shares of Twitter

    That would give Twitter ‘a strong chance’ to repay or refinance its billions of dollars of existing debt

  • Tesla shares rose 5% to $1,026.99 in after-hours trading.

    Elon Musk's high-flying electric vehicle company notched a new record in quarterly profits of $3.3 billion

    This follows the unveiling of factories in Germany and the US state of Texas that have begun commercial deliveries

  • The uplift in overall performance was primarily driven by beachfront and luxury developments.

    The uplift in overall performance was primarily driven by beachfront and luxury developments

    The office market continued to perform well as rents in well-managed quality buildings rose

  • Senior Public Prosecutor Leif Gorts confirmed that the investigation had been launched following reports of potential corruption between 2011 and...

    Senior Public Prosecutor Leif Gorts confirmed that the investigation had been launched following reports of potential corruption between 2011 and 2019

    Ericsson has already agreed to pay $1 billion in penalties to US authorities to close corruption cases in Djibouti, China, Vietnam, Indonesia and Kuwait in 2019

  • It also seems to be extremely helpful for customers who want to pay for a purchase in installments or make...

    BNPL payments in the UAE are expected to grow 89.4% on an annual basis to reach $1.82 billion in 2022

    BNPL is not just for Gen Y and millennials; it is expected to see adoption by elderly individuals as well

  • Al Seer Marine and BGN International sign the $134 million financial transaction.

    The deal was agreed and signed by ABGC DMCC, the joint-venture firm of Al Seer Marine and BGN International, an energy, trading, storage and transportation company.

    ABGC has two new VLGC’s on order with Hyundai Heavy Industries in Korea.

  • These solar projects in Morocco were part of a large international tender.

    The Moroccan Agency for Sustainable Energy (Masen) and the Ministry of Energy Transition and Sustainable Development announced the award of projects.

    The sites are located in Taroudant, in the Souss-Massa region, and in El Hajeb, in the Fès-Meknès region.