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 announcement came after the minister met members of the Jordanian Poultry Producers Association on Sunday.

    Jordan’s Minister of Agriculture Khaled Hneifat has said his ministry is keen on providing poultry to meet citizens' needs throughout the holy month

    For their part, the Jordanian Poultry Producers Association’s representatives said they would continue to cooperate with the ministry to provide poultry

  • The bank announced this while participating in the Global Entrepreneurship Congress (GEC) in Riyadh.

    The pledge is said to be part of the bank’s efforts to empower Saudi youth and promote comprehensive national development

    The SDB is also said to have signed, on the sidelines of the GEC, several agreements with various strategic bodies

  • The fisheries sector in the UAE has changed quite a bit over the past two decades, with a pointed move...

    The UAE has been striving to achieve food security through several of its initiatives

    It has also been looking to achieve a degree of sustainability in the fisheries sector

  • Now entities that typically have strong brand equity, control over distribution, and very few competitors, have a competitive edge that...

    Generally, businesses react negatively to any tax announcement, like the UAE’s corporate tax

    However, companies within the UAE might themselves benefit the most from such a tax

  • Regional players eye big share as Metaverse is expected to become a US$800 billion market. Some analysts believe it will...

    Metaverse is expected to become a US$800 billion market -although some analysts think it will reach $30 trillion

    The use of Metaverse in banking may lead to the emergence of fully digital bank branches, reducing or even eliminating the need for physical ones

  • The port operator will develop a virtual trade corridor between the two countries.

    AD Ports Group’s digital arm, Maqta Gateway, will develop the new virtual trade corridor based upon its Advanced Trade & Logistics Platform.

    The MoU will also provide for accelerated procedures for expediting shipments of perishable goods, reducing dwell time at borders.

  • Saudi Arabia has evinced interest to develop small modular nuclear reactors in order to generate electricity for remote areas of...

    The kingdom's Minister of Energy, Prince Abdulaziz bin Salman, said that Saudi Arabia isn’t looking for funding from any country to help it with its energy transition plan

    “The future of the world and society lies not in us waiting for someone else to build the things we should use, but for us to build them ourselves,” he added

  • In order to protect SMEs from economic recession, Saudi Arabia provided more than $80 billion in support to the businesses,...

    Saleh Al-Rahseed, speaking at GEC 2022 in Riyadh, said the Kingdom gave confidence to entrepreneurs and innovative companies not only by giving them cash but all kind of support

    “It wasn’t just cash injection that helped Saudi SME’s during the pandemic” he said

  • The nickel market is dominated by a handful of players, including Tsingshan, founded by Xiang Guangda.

    The silver-white metal's price hit a record $100,000 per ton as western sanctions were imposed on Russia for invading Ukraine

    Official data has revealed that China holds around 100,000 tons of nickel in state reserves

  • Retirees and YouTubers, on package tours or lugging backpacks, are braving Iraq's still basic tourist infrastructure to visit ancient sites...

    Western governments still issue travel warnings for tourists heading to Iraq, highlighting the risks from kidnappings and bombings

    Around 107,000 tourists visited Iraq in 2021, which is three times more than the number in 2020