Operating profit for 2023 was recorded at US$59 million.
The report stresses the urgent need for MENA news organizations to overhaul business models, adopt digital strategies, and diversify content...
The announcement of the $2.2 billion investment came on the same day Tesla got the green light from local officials...The announcement of the $2.2 billion investment came on the same day Tesla got the green light from local officials to start production at a new plant near Berlin
Volkswagen aims at dominating the electric car market by 2025 as it accelerates the pace to catch up with US pioneer Tesla
The total number of real-estate transactions in Dubai stood at 2,131 for the week ended March 4.
Dubai Gold & Commodities Exchange (DGCX) registered trades with a total value of $13.681 billion in February 2022, as global...The exchange registered a monthly Average Open Interest (AOI) of 125,206 contracts during February and saw its precious metals' portfolio lead trading activity.
DGCX's West Texas Intermediary (WTI) Futures gained traction following increased volatility in oil markets.
Dubai International Boat Show (DIBS), which will be held from March 9 to March 13, will witness 34 launches and...This is MENA yachting industry's first international in-person event since the COVID-19 pandemic. It will run at Dubai Harbour.
The region home to 12.6 percent of global superyachts, the world's second-highest fleet-to-billionaire ratio.
Telecom Egypt has posted a net profit of $535 million for 2021, a seventy four percent jump compared to the...The rise in profit came in line with a 16 percent surge in revenues year-on-year, reaching 37 billion Egyptian pounds
The Egypt-based company also contributes to national digitization projects
Al Arabia, an advertising firm, has posted a net profit of $55 million in 2021, a 718 percent jump compared...Profits of the Riyadh-based firm, partly owned by media giant MBC group, soared as the advertising industry rebounded from pandemic-hit 2020
The economic recovery, along with a continued digitization push in the Kingdom, led to a 45 percent increase in revenues year-on-year to SR720 million
- In the oilfields of southern Iraq, billions of cubic feet of gas literally go up in smoke, burnt off on...
The flares produce vast amounts of carbon dioxide and other greenhouse gases, contributing to global warming without any economic or social benefit
Currently, only half of the three million cubic feet of gas that comes out of Iraqi oil wells each day is captured and processed
- Under the agreement, a 100MW solar plant will be built in Tunisia.
In December 2019, a consortium formed by AMEA Power and TBEA Xinjiang New Energy was awarded the 100MW solar power plant located in Kairouan in Tunisia.
The solar power plant construction is expected to begin by the end of this year.
- The Sharjah Electricity Water and Gas Authority (SEWA) will start to provide electricity to the Al-Arqoub area, aiming to meet...
Work is ongoing to strengthen the network and light the leading and internal roads to the area with approximately 700 lighting poles
Dr. Hassan Al Zarooni, Director of the Electricity Services Department, lauded the Authority's strategy in providing services to all regions
The projects that the SFD contributes to financing through loans and grants in Pakistan amount to around SAR5 billion ($1.33...The fund signed an agreement with Pakistan’s Undersecretary of the Ministry of Economic Affairs Mian Asad Hayauddin in this regard
The signing took place in the presence of Saudi Ambassador to Pakistan Nawaf bin Saeed Al-Maliki and senior officials from both sides
