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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.
  • Arada awards $87m housing contract in Aljada project

    Arada has awarded an AED322 million ($87m) contract to build eight premium apartment buildings in Aljada, the AED24 billion lifestyle...

    The contract involves eight Tiraz buildings form part of Naseej District, the new creative neighborhood at Aljada, containing 920 homes.

    Spread over a 24 million square foot area, Aljada is Sharjah's largest ever project and a transformational destination for the Emirate.

  • Qatar emir meets Biden in shadow of Ukraine tensions

    The move underscores the Qatar’s strategic importance, including in a scramble to shield European allies from potential Russian energy cutoffs.

    US President Joe Biden recognized Qatar's place in the US military's global footprint: It hosts Pentagon's Central Command and a huge airbase

    Biden also announced he was designating Qatar a “major non-NATO ally,” which opens the door to closer military and commercial ties

  • Lebanon power cuts turn cafes into coworking spaces

    For the patrons filling Beirut's cafes these days, the most important things are good lighting and stable wi-fi.

    The power cuts have left many already with no option but to plant themselves in cafes all day

    The 23-hour power cuts and the falling quality of many internet connections have complicated matters

  • Boeing sells 34 cargo planes to Qatar Airways

    This deal with Qatar Airways should boost Boeing and its latest widebody plane the 777X.

    Qatar Airways also has purchase rights for another 16 777X cargo planes

    It also signed a letter of intent to buy 25 737 MAX planes worth $6.7 billion

  • Low-code, no-code tools decode GCC’s digital gains

    The growth of low-code tools, heightened by digital transformation, is expected to bring about general employee upskilling across several industries...

    Businesses adopt many tools when they are going through a digital transformation

    They are often categorized as low-code or no-code, depending on how much programming they need

  • Business accelerator set to develop cybersecurity sector in Saudi Arabia

    Saudi National Cybersecurity Authority (NCA) has launched a business accelerator specialized in the foundational technologies and priority emerging technologies in...

    The launch of the accelerator comes in a strategic partnership with the Saudi Information Technology Company (SITE)

    The accelerator will support the most growing sectors in cybersecurity by activating national and international partnerships

  • New York Times buys ‘Wordle’

    The deal was made for an "undisclosed price in the low seven figures."

    Created by engineer Josh Wardle, the game consists of guessing one five-letter word per day in just six tries

    Now millions play it daily, fueled in part by the ease of sharing spoiler-free results on social media

  • Social media dominate popular websites in region

    Globally, the top three websites -- Google, Youtube and Facebook -- woo more than 152 billion visits monthly, outpacing the...

    Beside Google, Youtube and Facebook, there are a few other online giants who have unmatched dominance in the cyberworld.

    Together, the top three websites woo more than 152 billion visits monthly, outpacing the next 47 websites combined

  • Egypt finalizes pact with Siemens to run high-speed train line

    Egypt’s Ministry of Transport will sign a contract with Siemens to implement the second high-speed train line in the country....

    The new line will extend from 6th of October city to Aswan, with a length of 925 kilometers (575 miles approx).

    The cost of this project will be financed through a soft foreign government loan and the state's general budget.

  • Saudi defense company AEC to display modern technology at LEAP

    The Advanced Electronics Company (AEC), a Saudi Arabian Military Industries (SAMI) company, will participate in LEAP technology conference, a global...

    AEC will display a complete range of solutions, systems, and products, including its flagship cybersecurity technology Data Diode.

    The conference is organized by the Saudi Ministry of Communications and Information Technology.