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 business model of the news media is ‘broken’ and with it, our fundamental right to information is at risk,...

    The UNESCO analysed media development trends from 2016 to 2021 and found that global newspaper advertising revenue has fallen by half during the five year period

    The report indicates that news outlets often struggle to get clicks from readers that determine advertising revenue, and many find themselves “squeezed out”

  • The Abu Dhabi Express is a direct, non-stop bus service, making its routes the quickest means of transport, enabling passengers...

    The Abu Dhabi Express is a direct, non-stop bus service, making its routes the quickest means of transport, enabling passengers to get to their destinations

    The Abu Dhabi Express services will all use the main bus station in Abu Dhabi city as an arrival point

  • The UAE and New Zealand have signed an agreement to enhance collaboration in food security, a step aligning with the...

    Mariam bint Mohammed Almheiri, UAE Minister of Climate Change and Environment, and Damien O’Connor, New Zealand’s Minister of Trade, signed the MoA

    Officials from the two ministries will meet regularly to develop a plan for joint activities and programs aimed at advancing the MoA’s areas of cooperation

  • The net profit of Gas Arabian Services Co. has decline to $16 million.

    The firm’s net profit fell to SR60 million ($16 million), compared to SR73 million a year earlier, according to a bourse filing

    Despite the lower profit, the Dammam-based company seeks to pay SR2 per share as dividends

  • A prosecutor in Lebanon has issued travel bans against the heads of the boards of five Lebanese banks as a...

    Ghada Aoun, the judge, issued the bans against Salim Sfeir of Bank of Beirut, Samir Hanna of Bank Audi, A Sehnaoui of SGBL, Saad Azhari of Blom Bank, and Raya Hassan of Bankmed

    She has not charged any of them with a crime

  • The carmaker sold 600,000 fewer vehicles in 2021 than in 2020.

    The German automaker expects its sales to increase by 5-10 percent in 2022

    The world's second-largest automotive group's revenue rose 12 percent last year due to 'favorable pricing'

  • Oil prices rose by more than 20 percent this week, due to ongoing concerns about supply disruptions and Russian output.

    The Saudi index ended its week on Thursday (March 10, 2022) down by 0.4%

    Abu Dhabi index finished the week with a loss of 0.3% on Friday (March 11, 2022)

  • This action, among others, could be quite helpful in getting the UAE out of the so-called grey list of the...

    The Anti-Drug Section at the ADP’s Criminal Investigation Department (CID) detected a suspicious shipment

    It had arrived from a neighboring country at Khalifa Port, and was apparently meant to travel to Europe

  • Saeed Ahmad, Callsign’s Managing Director for the MENA region, explains how a single fraudulent message impersonating an entity can erode...

    Scams have targeted 66 percent of people in the UAE in recent years, and the phenomenon is spreading

    Around 50 percent of the region’s consumers lose faith in an organization whose name appears in a scam message

  • The UAE-Bangladesh Business Forum discussed ways to enhance cooperation between the two countries in the field of trade and investment,...

    An MoU was signed between the two to establish a joint UAE-Bangladesh Business Council.

    The UAE-Bangladesh Business Forum was held at DP World Pavilion at Expo 2020 today in the presence of ministers.