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.
  • France and Algeria have been attempting to improve their ties after a diplomatic crisis.

    Algeria is a major exporter of natural gas, which covers over 11 percent of Europe's needs, compared to the 47 percent from Russia

    European countries have been trying to ramp up Algerian exports to reduce their reliance on Russia after it invades Ukraine

  • "A maritime gasoil smuggling network resulting from the looting of Libyan state oil refineries was allegedly carried out between 2014...

    "A maritime gasoil smuggling network resulting from the looting of Libyan state oil refineries was allegedly carried out between 2014 and 2015," Swiss state prosecutors said

    In an investigation published in March 2020, the NGOs Public Eye and TRIAL International accused Swiss traders Kolmar Group of being linked to the allegations

  • The hack, which last month targeted players of the popular game Axie Infinity, was one of the biggest to hit...

    Axie Infinity is a game where players can earn cryptocurrency through game play or trading their avatars

    Last month's theft came just weeks after thieves made off with around $320 million in a similar attack

  • Brands have realised the importance of mobile advertising and smartphones and are utilizing them to capture the attention of target...

    Brands need to decide how much they should invest in which medium to make their voices heard by their potential customers

    66 percent consumers generally do Ramadan shopping with their smartphones directly via mobile ads, researches suggest

  • Twitter's board said it would carefully review what it termed Elon Musk's ‘unsolicited, non-binding’ offer and decide on a course...

    The proposal faces uncertainty on multiple fronts, including possible rejection and the challenge of assembling the cash

    Meanwhile, it could have wide-reaching impacts on the social media service if Musk manages to buy the platform

  • Jose Mauro Coelho was appointed to the post for a one-year term.

    Jose Mauro Coelho is the third Petrobras CEO in just over a year after President Jair Bolsonaro fired his predecessors in a standoff over fuel prices

    He was the government's choice to succeed Joaquim Silva e Luna, who was ousted by Bolsonaro last month after slightly more than a year in the post

  • The Dubai real-estate market recorded total realty transactions worth over AED1.7 billion ($463 million) on Thursday, April 14.

    The transactions included 331 sales worth AED1.24 billion ($337.64 million), the DLD data showed

    They are also said to have included 77 mortgage deals worth AED390.84 million ($106.42 million)

  • Abu Dhabi will host World Utilities Congress in May, bringing together more than 10,000 global utilities professionals to explore topics...

    The World Utilities Congress will be held under the patronage of Sheikh Khaled bin Mohammed bin Zayed Al Nahyan

    The digitalization of the utilities sector will be delved deeper into at the conclave, with a dedicated strategic panel on Digital Transformation and Technological Innovations

  • Current President Guillermo Lasso has plans to double Ecuador's oil production in spite of opposition from indigenous communities and environmentalists.

    Extraction of 3,600 barrels per day started in the Ishpingo oil field, one of the three oil fields containing more than 40 percent of country's crude.

    The three fields together hold over 1 billion of former OPEC member Ecuador's 4 billion barrels of proven oil reserves.

  • The German auto giant said operating profit rose to $9.3bn.

    The group's operating profit rose to 8.5 billion euros ($9.3 billion) over the first three months of the year

    The boost was down to strong "operating performance" and a positive effect of 3.5 billion euros