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 Bahrain-based firm looking to spend around €1 billion.

    Italian Serie A team AC Milan is a seven-time European soccer champion

    It was once owned by the country’s former Prime Minister Silvio Berlusconi

  • The Emaar Hospitality Group will open the resort in Q2.

    The Emaar Hospitality Group is the hospitality and leisure arm of Dubai-based developer Emaar Properties

    Palace Beach Resort Fujairah will reportedly be the third beach resort of its Address Hotels + Resorts collection

  • The tanker XELO, carrying 750 tons of diesel from Egypt to Malta, sank in the Gulf of Gabes off Tunisia’s...

    Tunisia’s Environment Ministry has said barriers will be put up and a perimeter set to contain the diesel spill from the vessel

    Divers are also expected to be mobilized to examine the extent of the spill and the infiltrated fuel will be pumped out

  • The Saudi Central Bank, or SAMA, has launched licenses for consumer microfinance operations in the Kingdom. This follows the bank’s...

    Microfinance targets individuals and small businesses, including self-employed people

    Sulfah is the consumer microfinance company which is given a license by Saudi Central bank

  • Grocery and fashion are the most significant in-demand categories during the holy month. The two sectors are expected to see...

    Many retailers, especially supermarkets and online brands, have made the most noise during Ramadan

    Smaller businesses can use unique offer opportunities to entice new customers or reward current ones

  • ADX, Abu Dhabi stock exchange, has rebranded its Second Market into a newly launched Growth Market, with a market cap...

    ADX said in a statement that as it replaces the Second Market, the Growth Market will continue to target startups, family businesses, and early growth companies

    It will allow companies to kickstart their path to joining capital markets through a direct listing, without the need for an initial public offering

  • A tanker carrying 750 tonnes of diesel fuel from Egypt to Malta sank Saturday in the Gulf of Gabes off...

    The Equatorial Guinea-flagged Xelo was headed from the Egyptian port of Damietta to the European island of Malta when it requested entry to Tunisian waters

    It began taking water around seven kilometers (over four miles) offshore in the Gulf of Gabes and the engine room was engulfed

  • Dubai Investments Co. has earned 50 million dirhams ($258 million) from the Emicool deal it concluded earlier. According to the...
  • Ali Najafi said that during the last Iranian year which ended on March 20, Iran’s exports to Oman were worth...

    Ali Najafi said that during the last Iranian year which ended on March 20, Iran’s exports to Oman were worth 716 million dollars

    Ambassador revealed that among Iran’s neighboring countries Oman ranks 6th in importing goods from Iran

  • A rare rough ruby dubbed one of the world's biggest has gone on display for the first time ahead of...

    The 8,400-carat stone -- nicknamed Burj Alhamal and weighing 2.8 kilograms (over six pounds) -- was mined in Tanzania and made its debut at a Dubai hotel on Friday

    Local reports have suggested the rough ruby with greenish and dark-purple hues could fetch up to $120 million