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 accelerated growth recorded in February 2022 compared to a year ago, is helping passenger demand catch up to 2019...

    The traffic of Middle Eastern airlines rose 215.3 percent in February compared to February 2021

    This was well up compared to the 145.0 percent rise in January 2022, versus the same month in 2021

  • The Japanese firm will now weigh the possibility of going private.

    It was the latest setback for the engineering giant, which was once a symbol of Japan's tech and business prowess

    Toshiba has since then faced a series of scandals, financial troubles and shock high-level resignations in recent years

  • Nations and their companies have axed business ties with Russia over Ukraine.

    Shell is gradually withdrawing from Russia owing to the war due to the UK government policy.

    Shell previously apologized for buying a cargo of Russian oil at a vast discount following the invasion.

  • EU travelers who book flights through a European airline can claim compensation in the event of a major delay of...

    The European Court of Justice said that the entirety of a journey that was subject to a single reservation fell under the EU's rules on flight delays.

    The court was hearing a case that involved a journey booked through German carrier Lufthansa for three passengers from Brussels to San Jose in California.

  • The two will explore potential collaboration in the aluminum value chain.

    The two firms will also consider cooperation in managing by-products from processes in the aluminum value chain

    EGA has developed its own aluminum smelting technology for more than 25 years.

  • Enhanced legal protection will be provided to persons who report financial misconduct internally within the entities regulated by Dubai Financial...

    DFSA regulatory regime for whistleblowing is the first of its kind to be introduced by a financial service regulator in the UAE.

    The regime applies to all DFSA Regulated Entities operating in or from the Dubai International Financial Centre.

  • dnata announced expansion of its European footprint through the planned acquisition of Germany-based Wisskirchen Handling Services (Wisskirchen). Subject to government...

    dnata has executed agreements with the owner of Wisskirchen, Oliver Hellwig, to acquire 100 percent of the shares in the company

    The acquisition is subject to approval by the Federal Ministry for Economic Affairs and Climate Action in Germany

  • The Abu Dhabi Distribution Company (ADDC), a subsidiary of Abu Dhabi National Energy Company (TAQA Group), has signed a Memorandum...

    The cooperation aims to promote ties between both entities through training programs and knowledge exchange

    The agreement was signed at ADU’s main campus by Saeed Al Suwaidi, Managing Director, ADDC, and Professor Waqar Ahmad, Chancellor, ADU

  • The agreement aims to create joint media sponsorship opportunities that serve both sides and to establish specialized media publications

    The agreement aims to create joint media sponsorship opportunities that serve both sides and to establish specialized media publications

    The areas of cooperation include educating consumers on the safe use of cosmetic products, making television programs and providing visual and audio content

  • Facebook's parent company Meta is exploring the potential of digital money referred to internally as "Zuck Bucks" in a play...

    Meta abandoned its effort to create a global cryptocurrency -- first called Libra but eventually re-branded as Diem

    The founder and chief Mark Zuckerberg has spoken about the importance of e-commerce and financial tools to his vision for an immersive online world called the metaverse