Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

  • Lebanon women get FAO grants to fund their businesses

    Four women groups from the South, the North, Mount Lebanon, and the Bekaa received grants.

    The grants were disbursed under the project Support to Women’s Cooperatives and Associations in the Agri-food Sector of Lebanon

    Funded by Canada, the project is implemented by the FAO and Lebanon’s Ministry of Agriculture and the General Directorate of Cooperatives

  • Saudi, UAE indices fluctuate through the week

    From oil prices to company stocks buoyed by positive results, several factors resulted in changes in key benchmark indices.

    Emaar Properties’ 1.7 percent share price reduction weighed on the index on Tuesday as it fell 1 percent

    With the Commercial Bank of Dubai up 8.4 percent and Emirates NBD Bank up 0.8 percent, the Dubai index recovered previous losses

  • Meta debuts ‘personal boundary’ tool to curb harassment

    Horizon's anti-harassment feature makes an avatar's hands vanish if it tries to inappropriately touch another virtual character.

    The "personal boundary" function in the immersive platform puts a ring of space around users' digital proxies to prevent invaders to enter your avatar's personal space

    Facebook parent Meta has opened its Horizon Worlds virtual reality platform to the public in December

  • Saudi Telecom Company signs over 15 pacts at LEAP22

    The Saudi Telecom Company (STC) has signed fifteen agreements with major international companies, including Microsoft, Huawei, Ericsson, and Cisco, in...

    The company has already announced an initiative to establish a $1billion main digital center “MEAN Hub” for the Middle East and North Africa

    The company also announced an initiative to establish a factory to localize data centers in the Kingdom, in partnership with Huawei

  • Rockstar Games confirms Grand Theft Auto 6

    More than 230 million copies of Grand Theft Auto, referred to as GTA, have been sold overall.

    New York-based Rockstar Games did not say when Grand Theft Auto 6 would hit the street

    It also did not reveal how it would be different from the previous edition, released in 2013

  • Growth picks up as MENA drives into EV market

    Rising prices of metals, elements, and compounds used in EVs could be a headache, but the MENA region and the...

    EVs use more than the 1,400-odd chips that normal cars use has not helped matters

    Chip shortage and supply-chain bottlenecks could hamper EV adoption in the MENA region

  • Policy reforms help Saudi FDI inflow rise 326%

    The Kingdom seeks to increase its net FDI inflow by 1,816 percent between 2021 and 2030, raising it to $103.5...

    The Kingdom is likely to witness an increase in net FDI by 1,816 percent between 2021 and 2030

    The country’s wholesale and retail sectors issued more than 44 percent of new FDI licenses in Q4, 2021

  • Aldar Properties of Abu Dhabi put on sale 182 boutique flats

    Aldar Properties has announced that all 182 apartments at the second tower of its boutique Reflection project are now available...

    Reflection II is located at the heart of Reem Island, overlooking Abu Dhabi's mangroves, and with all units ready to move in during Q2 2022

    The second tower is being brought to the market to cater to specific demand from both home buyers and investors for high quality

  • UAE lifts curbs on travel to 12 African countries

    The United Arab Emirates has lifted curbs on travel to twelve African countries for citizens fully vaccinated and who have...

    It is okay now to travel to Kenya, Tanzania, Ethiopia, Nigeria, Republic of Congo, South Africa, Botswana, Eswatini, Lesotho, Mozambique, Namibia and Zimbabwe

    The authorities specified the categories of citizens who are allowed to travel to these countries

  • Dubai South attracts 700 new companies by end of 2021

    The total number of companies operating out of Dubai South reached 4,600, attracting more than 700 new companies by the...

    The total number of people working out of Dubai South was expected to reach 20,848 individuals by the end of 2021.

    Dubai South Properties handed over almost all its units at The Pulse, an urban mixed-use development comprising 1,400 apartments and 240 townhouses.