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.
  • Over 27,800 new member companies joined the Dubai Chamber of Commerce in 2021, a 66.8 percent increase compared to 2020,...

    The Chamber said it also achieved its goal of becoming 100 percent paperless by the end of 2021, representing an important milestone in its digital transformation mission.

    The value of exports and re-exports of Dubai Chamber of Commerce members amounted to AED227 billion.

  • Some 80 percent of Saudi Arabia's employers are considering to add to their workforce in 2022, with a reasonable decline...

    The Hays report noted that 43 percent of employers intended to expand their workforce in 2021, while it was just 29 percent in 2020

    The research report suggests that 2022 may face a drought in hiring employees who fall under technology, managerial, and leadership

  • The dividend is 53.4 percent of the net profit earned by the firm last fiscal.

    The total dividends to shareholders amounted to AED3.15 billion since its inception in 2004, Empower said.

    The company reported total revenue of AED2.464 billion in 2021, increasing 9.3 percent compared to 2020.

  • At a landfill in southern Gaza, mounds of discarded batteries pile up, rusting cells that pose a growing health risk to...

    Batteries are an essential power source in Gaza, where public electricity supply is sparse and infrastructure has decayed since an Israeli blockade of the enclave began in 2007

    Battery collection is also a source of income for the impoverished territory, where unemployment rates hover around 50 percent

  • Telegram's founder Pavel Durov has accepted that "Telegram channels are increasingly becoming a source of unverified information related to Ukrainian...

    The fake account of Ukraine's President which was asking Ukrainian forces to surrender reached 20,000 followers on Telegram before it was suspended by the company

    Telegram decided not to restrict its access in Russia and Ukraine territory as many users complained that it's an important source of information

  • About 28,000 Airbnb hosts around the world, including 2,800 in France, are currently offering accommodation for refugees.

    About 28,000 Airbnb hosts around the world, including 2,800 in France, are currently offering accommodation for refugees

    donations of more than $1.2 million have poured into its refugee fund, the company told AFP

  • Several of these companies, symbols of American cultural influence in the world, have been the subject of boycott calls on...

    Several of these companies, symbols of American cultural influence in the world, have been the subject of boycott calls on social media

    Starbucks, Coca-Cola and PepsiCo announced their own decisions to halt or restrict business in quick succession, noting the growing human cost of the invasion

  • Striking partnerships with companies in the West have helped the two Gulf countries emerge as one of the major exporters...

    The business strategy stems from the belief that GCC has a plethora of renewable energy sources that can be tapped into to produce hydrogen

    Both the UAE and Saudi Arabia have access to natural gas supplies for blue hydrogen and nuclear power for pink hydrogen

  • AHOY, a UAE and Saudi operating logistics startup, has raised $20 million in financing from undisclosed investors. 

    AHOY uses tech-driven infrastructure to optimize mobility for enterprises, and will use its latest funding to expand its reach to African and Latin American markets

    It has grown 25 times in terms of revenue, number of transactions, and tech deployment from 2020 to 2021

  • The number of registered educational companies within the Ajman Free Zone (AFZ) grew by 17 percent in 2021 compared to...

    Ajman Free Zone is home to more than 240 educational facilities in 2021.

    AFZ attributed the growth to its strategic location, modern facilities and infrastructure, innovative and seamless services.