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.
  • Abu Dhabi National Oil Company (ADNOC) has entered into a partnership with German counterparts to speed up collaboration in clean...

    The agreements were announced during the visit of Dr. Robert Habeck, German Federal Minister for Economic Affairs and Climate Action, to the UAE

    As part of its ambitious decarbonisation drive, the German government’s National Hydrogen Strategy expects clean hydrogen demand of up to 3 million tonnes per annum (Mtpa) by 2030

  • Six currencies account for 90 percent of transactions in the Arab world, said Dr. Abdulrahman bin Abdullah Al Hamidy, Director-General...

    The currencies are the Emirati Dirham, the Saudi Riyal, the Egyptian Pound, the Jordanian Dinar, the US Dollar and the Euro.

    Buna Payment Platform is the first regional cross-border and multi-currency payment system that supports Arab transactions in investment: AMF

  • Aramco will start 140 new projects in the next three years.

    Murad Al-Sayed said the registration mechanism will be presented to contractors interested in becoming a part of Aramco’s list of qualified contractors

    It has so far contributed to raising the local content in the company’s different projects from 35 to 60 percent, he added

  • Qatar Airways has denied that it owes Airbus $220 million in compensation for the rejected A350 aircraft. The Gulf carrier...

    It argues that Airbus has not provided clear guidelines on how it has arrived at the figure

    In response to this, Airbus has canceled orders for two A350s and a separate order of 50 smaller planes, A321s

  • The pact is meant for operation of Soto Norte Gold Project in Colombia.

    Through a joint venture company, Aris Gold will acquire a 20 percent ownership interest in Sociedad Minera de Santander SAS and Sociedad Minera Calvista Colombia.

    On closing, Aris Gold and Mubadala will enter into a comprehensive agreement to govern the joint venture company.

  • The plant fiber reached $1.3171 per pound (about 453 grams) on the key US futures contract, the highest since July...

    The plant fiber reached $1.3171 per pound (about 453 grams) on the key US futures contract, the highest since July 2011

    Rainfall has been exceptionally low since early January in the northwest part of Texas which produces about 40 percent of all US cotton production

  • The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company.

    The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company

    The gas output will be divided evenly between the Gulf Arab neighbors, at a time where soaring consumption has led to growing demand for energy in the two countries

  • Evergrande has urged its investors to exercise caution as debt-ridden Chinese giant faces financial challenges.

    Evergrande has urged its investors to exercise caution as debt-ridden Chinese giant faces financial challenges

    Earlier, IMF warned that the property funding crisis could affect the broader economy and global markets

  • It will be possible to see the crescent with a telescope, but not the naked eye, from parts of the...

    Seeing the crescent on Friday, April 1, is not possible with the naked eye from anywhere in the Islamic world

    It can be viewed only through a telescope, but with great difficulty, from parts of Africa and the Americas

  • For a 50/50 chance of limiting the rise in global temperatures to 1.5C, 19 countries in which per capita GDP...

    The overarching objective, enshrined in the 2015 Paris Agreement, is to cap global warming ‘well below’ 2C, and 1.5C if possible

    A torrent of research since 2015 has confirmed that the lower aspirational target is by far a safer threshold