The engine maker swung to profit of $3bn from a loss of $1.64bn in 2022.
- The company's revenue spiked to US$22.1bn.
DP World of the UAE has posted a twenty six percent increase in revenue to $10.8 billion in 2021, despite...In a statement the company said that the revenue hike was “supported by acquisitions and new concessions including Angola, Unico, and Transworld”
“We expect our portfolio to continue to deliver growth,” commented CEO, Sultan Ahmed Bin Sulayem
The Saudi Ministry of Defense (MoD) announced the closing of 23 deals worth more than SR 13 billion ($3.46 billion)...The MoD signed five deals with the Saudi Arabian Military Industries (SAMI): two with Royal Saudi Land Forces and three with the Royal Saudi Naval Forces.
The SR 6 billion deal with SAMI includes providing advanced communication systems, armored vehicles, ammunition, and maritime systems.
The Libyan city of Gharyan sculpted a reputation for ceramics generations ago, but fragile demand is forcing potters to seek...Potters in Gharyan looks to compete with products made in China, Turkey and Libya's neighbors
Gharyan's once-prosperous potteries struggles to keep pace with modernization
- Plant-based base oils are made from sustainable feedstock sources, such as palm, soy, coconut, and rapeseed.
Voyager PX Green is developed specifically for petrol engines and Voyager DX Green for diesel engines
The technology is said to be the first approach in the region to be made entirely from plant-based oils
DH is Dubai’s commodities and mining investment arm.DH had seen profits of AED217 million ($59.09 million) for the previous year
The numbers point to an increase of nearly 1,150 percent in net profit for the company
The tools help groups automatically reject posts with false info.More than 1.8 billion people per month use Facebook Groups, which allow members to gather around various topics
Yet, critics have said the groups are ripe targets for misinformation as they sometimes have large audiences of like-minded users
Tetra Pak Arabia Managing Director Niels Hougaard explains what lies ahead for F&B companies — bith regionally and globally —...Pollution and plastic litter in the ocean are the joint top environmental worry, while global warming is a close second
GCC countries have launched several initiatives to educate consumers about recycling and sustainable consumption
In 2021, the Sharjah Airport served more than 7 million passengers with more than 57,000 aircraft movements and approximately 1.2...The volume of cargo in 2021 crossed 140,717 tons, while the volume of sea-air cargo reached 18,696 tons, a 22.27 percent increase from 2019.
The airport renewed the ACI’s Airport Health Accreditation (AHA) for the second consecutive year.
- Dubai has promulgated a new law in order to regulate virtual assets that are becoming popular with many investors in...
“We established an independent authority to oversee the development of the best business environment in the world for virtual assets," Sheikh Mohammed tweeted
Virtual assets exist digitally and can include cryptocurrencies like Bitcoin and Ethereum
Nudged by high oil prices, Saudi stocks inched up as the main index, TASI, gained 0.24 percent to touch 12,882,...Oil prices kept rising rapidly, as Brent crude oil peaked at $130.85 per barrel, while US WTI crude reached $125.96 per barrel
Wataniya Insurance Co. gained 4.40 percent at the opening bell to be the top gainer at the opening bell
