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 Ajman Business Women's Council and Umm Al-Moumineen Women's Association in Ajman will now work together to empower women. The...

    Ajman Business Women's Council and Umm Al-Moumineen Women's Association signed an MoU to work for women empowerment.

    The focus of both the organizations will be on increasing women's contribution to the process of sustainable economic development.

  • The company's profit declined to $27.4 million in 2021.

    Despite an increase in revenues by 9.2 percent to SR569 million during the same period, profits declined due to cost of revenue and “increase in projects on-hand"

    Although profits dropped, the firm's board of directors approved SR1.5 per share as a dividend for the second half of 2021

  • The Saudi Ports Authority (Mawani) on Sunday launched the Smart Ports initiative in a bid to enable Saudi ports apply...

    The program is aimed at enabling Saudi ports to utilize 5G, AI and other technologies besides boosting their competitiveness..

    Ports account for more than 90 percent of the Saudi export movement, according to President of Saudi Ports Authority, Omar bin Talal Hariri.

  • Al Rajhi Bank of Saudi Arabia will start providing a digital guarantee service through the electronic financial services platform called...

    The new service intends to ensure smooth financial operations for beneficiaries, according to a bank statement

    Al Rajhi Bank customers in the corporate sector will be able to issue digital guarantees and easily link them to the beneficiary electronically via the platform

  • The rise was due to crude prices, as the global economy recovered.

    Aramco's net income increased by 124 percent to $110 billion in 2021, compared to $49 billion in 2020

    It had achieved a net income of $88.2 billion in 2019 before the coronavirus pandemic hit global markets

  • Spurred by yet another round of increase in oil prices, shares on Saudi stock exchanges opened higher on Sunday with...

    In energy markets, oil prices closed the week higher with Brent crude gaining $1.29 to $107.93 a barrel, while WTI crude up $1.72 to $104.70 a barrel

    Anaam International Holding Group rose 6 percent to lead the gainers, while Bupa Arabia for Cooperative Insurance Co. fell 2.2 percent leading the fallers

  • The White House had earlier said that "federal policies are not limiting the production of oil and gas."

    Tellurian's future liquefaction plant will export 3.6 billion cubic feet LNG per day once completed

    The US administration has also said that supply must keep up with demand of energy for the short term

  • The tech giant is being accused in Europe of stifling competition.

    Three companies have lodged a complaint with the European Commission against Microsoft

    They have accused the US technology giant of anti-competitive practices in its cloud services

  • The amplifying factors include sanctions against Russia’s aviation sector, which cast a global pall over the aviation industry.

    Several Arab airlines have decided to raise the prices of their tickets slightly

    Kuwait’s Jazeera Airways increased fares to all destinations from March 7

  • The world’s premier mixed martial arts organization UFC will return to UAE in October 2022 at Abu Dhabi Showdown Week...

    The UFC 281 will be the third event of a five-year partnership between DCT Abu Dhabi and the UFC

    It will mark the promotion’s 17th overall event in Abu Dhabi, dating back to UFC 112: INVINCIBLE in April 2010