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 drop followed reports that the Ant Group was being probed.

    Chinese regulators launches a wide-ranging crackdown on alleged anti-competitive practices by Alibaba and other domestic tech giants

    Chinese Food delivery giant Meituan shares has plummeted over 20 per cent since Friday which is the biggest fall of the stock

  • With more ESG marketing claims questioned by clients, asset and wealth management firms can no longer tout ESG without convincing...

    As investors get more sophisticated about ESG matters, they are questioning the claims of commitment to sustainably invested assets and ostensibly sustainable products

    The solution to this strategic challenge lies in prioritizing ESG factors for specific target clients and building a model that reliably quantifies the impact on those factors

  • The UAE Instant Payments Platform (IPP) is set to go live in Q4 2022, with participation mandatory for all banks...

    The UAE IPP is set to go live in Q4 2022, with participation mandatory for all banks and financial institutions

    Being part of the IPP scheme will allow banks to leverage real-time payments to target new customer segments

  • UAE’s Ministry of Defense said on Tuesday that it signed three new deals worth AED966.25 million ($263 million) on the...

    The fifth edition features 15 live shows in the Tilal Swaihan area, showcasing grounded and aerial unmanned systems and AI and robotics technologies.

    The total number of deals during the first two days of this year’s edition was six, with an overall value of AED1.620 billion.

  • Saudi Aramco is interested in investing in China, its President and CEO Amin H Nasser, said. He asserted that Aramco...

    Aramco is holding initial talks with partners, including the state-owned defense contractor Norinco.

    The talks were reportedly about the development of a $10 billion refining and petrochemicals complex in China. 

  • Singapore-based Princeton Digital Group (PDG) has closed an equity investment from Mubadala Investment Company (Mubadala) as a lead investor for...

    PDG is a leading Pan-Asia data center operator with a footprint across key Asian digital economies

    PDG has a portfolio of 20 data centers with over 600MW of secured capacity and spanning five countries

  • Music highlights included Filipina singing sensation Moira Dela Torre, who enthralled the audience at the Jubilee Stage last Monday.

    As of 21st February, total visitation stood at 14,719,277, days after Coldplay’s unforgettable concert on 15th February

    The international visitation is up 19 percent, primarily thanks to the popularity of the new AED50 Season Finale Pass

  • UAE reached the top spot globally as a rough diamond hub, trading over $22.8 billion worth of rough diamonds in...

    Dubai boasts direct flights to other diamond hubs across the world, including mining countries in Africa and manufacturing centers in India.

    Since 2015, the UAE has increased its rough diamonds trade by 76 percent, overtaking Belgium as the world’s leading rough trade hub

  • Dubai International Airport (DXB) continues to be the world’s busiest airport by international passenger numbers for the eighth consecutive year...

    Current forecasts indicate that traffic through DXB could reach 55.1m by the end of 2022.

     India retained its position as the top destination country for DXB by passenger volume, with passenger traffic for 2021 totaling 4.2m.

  • Demand for natural gas has shot up 23 percent during the last ten years, according to Secretary-General of the Gas...

    Speaking at the opening session of the 6th GECF Summit, Hamel stressed the importance of natural gas as a type of clean energy in promoting sustainable development

    He also underlined that the convening of the sixth summit in Doha is an indication of the importance that different countries attach to this forum