Air Arabia 2023 net profit $408m
The firm recorded a 27 percent rise in profit compared to 2022.Company News Arts & Culture Business Aviation
Al Mal Capital REIT to launch rights issue
The fund has an existing portfolio valued at US$158m.Business
What’s next for TikTok’s music industry revolution?
TikToks latest service, SoundOn, offers unsigned artists a simpler way to upload songs, get paid and find distribution.Sometimes, it's old songs given a new lease of life, like recent crazes for Fleetwood Mac's Dreams or Boney M's Rasputin
But often it's new or independent artists, who no longer need the backing of record labels to find a massive audience
UAE ranks 1st in Global Entrepreneurship Index 2022
The Global Entrepreneurship Monitor (GEM) has ranked the UAE 1st globally in its Global Entrepreneurship Index 2022, which was unveiled...The UAE also emerged as the number one global destination for establishing and starting businesses
According to the report, the UAE has achieved an improvement on 11 out of the 13 axes covered by the index
What’s driving EV uptake in MENA?
Experts help TRENDS see the road that lies ahead for electric vehicles in the region, and its one of hope:...Globally, 88 percent of EV owners are under the age of 45
A recent EV study revealed a similar trend in the UAE and Saudi Arabia
Agthia Group revenue up 49 percent
The company posted a net profit of $58.81 million in 2021.The growth in revenues was attributed to strong growth in the Protein and Snacking segments.
The Consumer-Business contribution to Agthia's top-line almost doubled versus last year, reflecting the positive growth.
Turkey eyes cooperation in agriculture sector with Iraq, says minister
Turkey wants joint cooperation with Iraq regarding the exchange of products, its Minister of Agriculture and Forestry Bekir Pakdemirli said....Tuekey suffers from lack of water, climate change and migration for several reasons, including wars and clashes
Turkish minister discussed with the Iraqi Minister of Agriculture, cooperation in the agricultural field
Saudi fund signs debt deferral MoU with Cameroon
The debt deferral agreement has been signed in line with the G20 initiative of 2020 led by Saudi Arabia which...Saudi Fund for Development has signed agreement to postpone the debt owed for development projects in Cameroon
The agreement signed between two party reschedules debt on Cameroon over a period of 6 years
Milaha 2021 profit $199m
The company's profit in 2020 was $16.20 million.The Board of Directors decided to recommend to the General Assembly to distribute a 30 percent cash dividend of the par value of a share.
It is equivalent to QAR 0.30 per share, representing a payout ratio of 47 percent of 2021 net profit.
Dana Gas posts $317m profit
The company's revenue rose 30 percent to $452 million in 2021.The company revealed the profit in Preliminary Unaudited Financial Results for the full year ended 31st December 2021
Revenue increased 30 percent to $452 million in 2021 compared to $349 million in 2020 due to higher oil prices
UAE and Spain to collaborate in 4IR, industry, aerospace
The UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Spain’s Ministry of Industry, Trade and Tourism (MITT) signed a...The UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Spain’s Ministry of Industry, Trade and Tourism (MITT) sign an MoU.
Other areas of collaboration include automotive, health and life sciences and standards and regulations.
France’s TotalEnergies signs $27bn oil, gas, solar deal in Iraq
French giant TotalEnergies signed a $27-billion contract to invest in oil, gas and solar production in Iraq Sunday, as the...Oil minister Ihsan Ismail said this is the largest investment in Iraq by a western company.
Despite being the number two producer in the OPEC, Iraq is experiencing an acute energy crisis and chronic blackouts that fuel social discontent.
