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.
  • Due to growing environmental consequences, even though proof-of-work was spared in the EU for now, it is simply too fragile...

    The European Union was on Tuesday supposed to vote on a bill named MiCA intended to regulate crypto in the EU.

    The Ukrainian government is arguably one of the first governments to ask for donations in cryptocurrencies.

  • Saudi Arabia's Ministry of Environment, Water and Agriculture (MEWA) has inaugurated the first Saudi farm exporting Murciano goats in Riyadh....

    The Murciano goats produces 800-1000 liters of milk every year on average.

    The goats, also known as Murcia-Granada, have a lactation period of around 210 days.

  • The UAE's Department of Municipalities and Transport (DMT) said that service fees for real estate units’ owners and investors in...

    In 2020, the service charges were reduced by 18.1 percent, with another 8.3 percent reduction introduced in 2021.

    DMT introduced a comprehensive mechanism to monitor and regulate residential units' service charges in 2020.

  • Qatar Airways has secured an injunction preventing Airbus from cancelling deals for other jets as the two are involved in...

    The airline has now grounded 22 of its 53 A350 jets since November 2020, and said it will move ahead with legal action.

    In retaliation, Airbus has in turn sought to cancel orders made by Qatar Airways for two other A350 jets and 50 A321neo planes.

  • Companies holding the license will be able to work within a stimulating environment at the DIFC Innovation Hub.

    The license is expected to advance the country's Artificial Intelligence Strategy 2031.

    The license provides an opportunity to obtain the UAE Golden Visas for employees.

  • Egypt's Suez Canal Authority announced Tuesday additional tolls for transiting vessels including fuel tankers, as oil prices soar in the...

    Petroleum gas tankers will see a 10 percent hike on passage fees while liquefied natural gas carriers and general cargo ships will incur a seven percent increase.

    Ships carrying petroleum products will be hit with a five percent rise under the new tolls, which are effective immediately.

  • The two companies will form a joint venture company.

    The two companies will study joint plans to produce iron oxide pellets, the primary feedstock required for Direct Reduction steel plants.

    At 1.5 billion tons, Mauritania has the largest iron reserves in the Arab world and Africa.

  • The Internal Auditors Associations of the UAE and Saudi Arabia have signed a cooperation agreement to work the internal auditing...

    The agreement aims to develop a framework for corporate governance to enhance investor confidence.

    The agreement defined the frameworks for joint cooperation between them in several areas, most notably the participation in organizing of internal audit conferences.

  • Despite the global closures and economic crisis, the tourism sector in the Gulf region fared well in 2021 due to...

    Despite global closures and the economic crisis, the tourism business thrived in 2021

    The sector is likely to rebound in 2022 after faltering due to lifting travel restrictions

  • Italy imports around 95 percent of the gas it uses, and around 45 percent of that comes from Russia.

    Russia last week invaded Ukraine, causing the United States and its allies to impose sanctions on Moscow

    The conflict also sparked alarm among countries like Italy, which depend on Russia for their energy needs