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.
  • Mercedes saw the key measure rise 19.2 bn euros.

    Mercedes, which changed its name from Daimler at the beginning of the month, saw the key measure rise $21.6 bn

    The group's net profit increased almost six-fold to 23.4 billion euros from four billion euros in 2020

  • Aluminum has beaten the previous peak in price hike of $3,380.15, reached in July 2008.

    The lightweight metal price has been increased as high as $3,382.50 per tone

    Analyst Daniel Briesemann said that the rise in price of the metal was expected

  • The ruble-dominated Moex index opened down 13.97 percent, while the dollar-dominated RTS was down 20.16 percent.

    The central bank measures are intended to provide ‘additional liquidity to the banking sector’ in Russia

    This, as Western sanctions loom after the military operation announced by Vladimir Putin against Ukraine

  • Qatar and Saudi Arabia host American troops, but their economic and political relations with Russia have grown over the years.

    Russian gas accounts for about 40 percent of the European market, leaving it highly exposed to supply disruptions due to the conflict

    A similar logic applies to the 2.3 million barrels of Russian crude that heads west each day through a network of pipelines

  • The metaverse is a 3D virtual world where people will be able to interact using sensors, head gear and other...

    The metaverse is a 3D virtual world where people will be able to interact using sensors, head gear and other gadgets

    Formidable rivals such as Apple, Google and Microsoft seem poised to compete with Meta on the new virtual terrain

  • Debt dropped to $47.62 billion in 2021 from $63.17 billion in 2020.

    Net profit for the final quarter last year came in at $5.64 billion, bringing 2021's total to $19.88 billion

    Petrobras said this was a stark contrast to 2020's total of just over $1 billion due to effects of the pandemic

  • According to the UN, a full-scale Russian invasion on Ukraine would have a devastating global impact that would likely spark...

    The crisis comes as governments struggle to contain runaway inflation fueled by demand as life returns after recent Covid-19 lockdowns,

    World Markets have been hammered since a week as the Kremlin recognized Ukraine's rebellion and said it would provide "peacekeepers" to the regions

  • Airbus has been mired in controversy despite its best efforts to increase its customer base, across the world in general...

    Qatar Airways and Airbus have tussled for months over the deterioration of aircraft paint and lightning protection

    Kuwait plans to announce an agreement to restructure the national airline fleet of Airbus aircraft

  • Fully owned by Al Faisaliah Group, Tibbiyah is a leading healthcare provider in Saudi Arabia and the region.

    The retail offering was 12.63 times covered after allocating one million shares to individual investors

    The share offer price was set at Saudi Riyal 82 ($22), Aldukheil Financial Group said in the statement

  • The United Arab Emirates said Wednesday it plans to buy a dozen Chinese L15 aircraft, as it seeks to bolster...

    In December, the UAE threatened to scrap its mega-purchase of US F-35 fighter jets, protesting stringent conditions amid Washington's concerns over China

    The value of the deal was not disclosed