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 firms aim to burnish their green technologies and ambitions.

    Audi will only join the championship on "condition" that the regulations from 2026 "provide for extensive changes for a more sustainable sport".

    The firms have said a final decision in this regard is yet to be made.

  • A total 2,012 real estate transactions worth 5.3 billion ($1.44 billion) were conducted in Dubai during the week ending April...

    A total of 236 plots were sold for AED 1.07 billion, while 1,415 apartments and villas were sold for AED 2.96 billion.

    A total of 53 properties were granted between first-degree relatives worth AED 269 million.

  • The Ministry of Municipal, Rural Affairs and Housing of Saudi Arabia has asked owners of vacant plots of land to...

    The ministry intends to beautify the urban landscape, protect property from encroachments, reduce visual distortions, encourage citizens to become environmentally friendly

    The ministry said that Riyadh, Dammam, Makkah, Al-Madinah and Jeddah are the target cities in the first phase where the decision will take effect

  • Dubai International Financial Centre (DIFC) has announced the launch of Studio Launchpad, saying it is the world’s first venture studio...

    The Launchpad is supported by an international group of venture building experts, digital asset pioneers and emerging technology strategists.

     Studio Launchpad is designed to attract and engage a consortium of leading start-up and corporate venture studios.

  • SAMA, the Saudi Central Bank, has directed banks in the kingdom to put a stop to the opening of online...

    As per the new measures that will take effect starting April 10, accounts are to be opened through branches only

    Other measures include limits on daily electronic transfers and holding the international transfers for 24 hours

  • The company said the fault could increase the risk of vehicle collision.

    It is the latest hitch for the US electric vehicle giant that is hugely popular in China, but has also faced complaints from consumers and been hit by Covid-19 lockdowns.

    Tesla sold a record 70,847 cars in China in December, facing stiff competition from homegrown brands such as Nio and XPeng.

  • The hike to SR1.336bn will be used to fund expansion plans.

    The hike from SR891 million ($237.5 million) to SR1.336 billion through a rights issue would support its future expansion activities

    Pending approval of the Saudi Central Bank, the Capital Market Authority, and other regulatory authorities, this move will strengthen Saudi Re’s capital base

  • The MoU will enable the two companies to deepen the focus on R&D, aiming at both conventional and green technologies.

    The MoU will enable the two companies to deepen the focus on R&D, aiming at both conventional and green technologies

    Ma’aden’s operates the largest vertically integrated aluminium complex in the world in Ras Al Khair on Saudi Arabia’s east coast

  • Beijing has refused to budge from its strict zero-Covid strategy, and that has forced many companies to halt production and...

    Shanghai has been sealed off almost entirely for a week following a Covid-19 outbreak fueled by the Omicron variant

    The financial hub of China, Shanghai is home to multinational firms and as well as the country’s busiest port

  • Takeoff is set for 11:17 am (1517 GMT) from the Kennedy Space Center in Florida on a SpaceX rocket.

    Commanding the Axiom-1 mission will be former NASA astronaut Michael Lopez-Alegria, a dual citizen of the United States and Spain

    He accompanies American real-estate investor Larry Connor, Canadian businessman Mark Pathy, and Israeli fighter pilot-turned-entrepreneur Eytan Stibbe