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ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

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.

  • Dubai embraces enigma of costliest black diamond

    The design of the bloack diamond Enigma is based on the Middle Eastern emblem of the palm — also known...

    The diamond will see a "without price limit" auction, meaning whoever offers the highest proposed price will win it

    Enigma can be dated between 2.6 billion and 3.8 billion years, and its components include nitrogen and hydrogen

  • Emirates signs new distribution agreement with Amadeus

    From 1st February 2022, all trade partners on Amadeus will be able to access Emirates’ content free of surcharge.

    From 1st February 2022, all trade partners on Amadeus will be able to access Emirates’ content free of surcharge

    The new agreement will also see Emirates’ new distribution capability content integrated into the Amadeus Travel Platform

  • Not selling NFTs, says Picasso family

    They said the only work being auctioned was by Picasso’s great grandson Florian and his collaborators.

    The assertion followed an interview with Picasso’s granddaughter Marina and her son Florian

    They apparently planned to auction 1,000 digital copies of a ceramic bowl Picasso painted in the 1950s

  • Apple iPhone

    Apple hits revenue record

    The expectations-beating results offered signals that the coronavirus-era tech boom may not be quite over yet.

    The expectations-beating results offered signals that the coronavirus-era tech boom may not be quite over yet

    Smartphone sales topped $71 billion, buoyed by strong demand for the iPhone 13 line, especially in China

  • LVMH sees record sales, profit despite pandemic

    The world's leading luxury group more than recovered from the coronavirus pandemic as it earns a record €64.2 billion ($71.5bn)...

    One reason for the luxury group's out-performance was improved profitability

    Its operating margin rose to 26.7 percent, up from 21.4 percent in 2019

  • New initiatives help Saudi Arabia shine on tourism map

    Notable achievements of the kingdom include establishment of Global Center for Tourism Sustainability and its selection to host World Travel...

    Local overnight trips surpassed 60 million in 2021, adding an estimated spending worth $21.3 billion to the country's economy

    Promotion of tourism spots locally and globally, after being hampered by the pandemic, may help Saudi Arabia woo 50 million tourists this year

  • UAE and Amazon subsidiary to create cloud-based medical record system

    The UAE's Ministry of Health and Prevention (MoHAP) has signed a memorandum of understanding (MoU) with Amazon Web Services (AWS),...

    The signing came on the sidelines of MoHAP's participation at Arab Health 2020 that is being held in Dubai.

    The project will implement the best means of strategic planning and decision-making, based on databases that help evaluate and measure the performance of health services.

  • UAE launches ‘NAFIS’ to foster positive competition among its youth

    The UAE has introduced a "NAFIS" program to foster positive competition among UAE nationals, and enable them to take job...

    The program will be steered by Emirati Talent Competitiveness Council (ETCC) in cooperation with the Federal Youth Authority.

    The program targets Emirati talents and connects them with private sector firms which are searching for qualified Emirati professionals to fill the job vacancies.

  • UAE industrial exports in 2021 $33bn amid surge in new production

    The significant increase in the UAE’s industrial exports coincided with 220 new facilities commencing production in 2021, said Minister of...

    With the help of National In-Country Value (ICV) Programme, UAE pushed $11 billion back into the local market, the minister said.

    UAE rose five places in the Competitive Industrial Performance Index issued annually by the United Nations Industrial Development Organization.

  • Abraaj Group founder faces $135.5m DFSA penalty

    The DFSA alleges that the group founder Arif Naqvi was knowingly involved in misleading investors over the misuse of their...

    The DFSA alleges that the group founder Arif Naqvi was knowingly involved in misleading investors over the misuse of their funds by Abraaj Investment Ltd

    The authority says that the fine reflects the seriousness of Naqvi's alleged misdoings and is based on his earnings from the Abraaj Group