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.
  • The agreement between the two state-owned firms will bolster the strong trade and economic cooperation, in addition to boosting export...

    The agreement between the two state-owned firms will bolster the strong trade and economic cooperation, in addition to boosting export relations

    The broad range of trade credit insurance amongst these two entities will mitigate risks they might encounter due to various political and commercial reasons

  • The total green sukuk market is worth more than US$15 billion, according to Refitiniv, with the Islamic Development Bank (IsDB)...

    The Sukuk market continued to grow in 2021 due to new procedures put in place to improve standardization while more competitors entered the industry

    A $100 million Sukuk fund was announced by GFH Financial Group (GFH) in February 2022

  • Dubai Maritime City (DMC), DP World’s purpose-built maritime hub, announced the launch of a major project worth AED140 million ($38.1...

    The project is part of ongoing efforts to boost Dubai’s economy and enhance the efficiency of the logistics sector

    It includes developing networks for deep sewage, stormwater, fire, irrigation, potable water

  • The exploration of natural gas will further enhance Saudi's status as the premium exporter of energy sources.

    The four major areas are in the Central Region, the Empty Quarter, the Northern Border Region and the Eastern Region.

    The four fields where the natural gas has been found are named as are Shadun, Shehab, Um Khanasser and Samna.

  • The ministers of Jordan and Tunisia discussed ways to enhance bilateral ties, especially in health cooperation. Jordan’s Health Minister Firas...

    Jordan’s Health Minister Firas Al Hawari met with Tunisian counterpart Ali Mrabet on Saturday in Amman

    The ministers reviewed establishing health facilities such as cancer treatment centers and structures for monitoring communicable diseases.

  • Algeria's state energy firm is ready to supply Europe with more gas in view of a possible decline due to...

    Sonatrach is "a reliable gas supplier for the European market and is willing to support its long term partners in the event of difficult situations," Hakkar was quoted as saying

    The Tansmed pipeline, jointly operated with Italy's ENI, has a capacity of some 32 million cubic meters per year -- four times that of the Medgaz pipeline to Spain

  • The government said the non-oil foreign trade figures of all emirates also witnessed growth individually in varying levels. The growth...

    The value of national non-oil exports amounted to about AED 354 billion, setting a new record, exceeding AED 300 billion for the first time in its history.

    China ranked first as the country's largest trading partner in 2021, accounting for 11.7 percent of the UAE's total foreign trade with the world.

  • Meta and The Entrepreneurial Nation program have launched ‘Boost with Facebook’ program in the Emirates that is aimed at attracting...

    The Entrepreneurial Nation, Ministry of Economy's initiative, helps entrepreneurs set up as well as expand their ventures through PPP.

    There are around 350,000 SMBs in the UAE, accounting for 86 percent of the labor force in the private sector and making up over 60 percent of GDP.

  • e&, the UAE telecom firm, is looking to widen its operations overseas and push growth across all business segments.

    The company intends to do this by pursuing regional growth opportunities as well as tapping into markets beyond telecom

    E&’s “telecom arm” will maintain its rebranding in the UAE and internationally

  • Fatima Group, a Pakistani industrial conglomerate, has signed two MoUs of over $1 billion with two key global agriculture stakeholders...

    Fatima Group is known as Pakistan’s fastest-growing industrial conglomerate with investments in fertilizers, textiles, sugar and cement.

    The collaboration is expected to boost agriculture in Pakistani, which has 20 percent of the country’s GDP tied to it.