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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

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.

  • Which are the top equity markets in the Middle East?

    Here is a comparison between the top equity markets in the Middle East, and how they stack up against a...

    Saudi Arabia has Tadawul, or the Saudi stock exchange, whose benchmark index is known as TASI

    The UAE has the Dubai Financial Market (DFM) as well as the Abu Dhabi Exchange (ADX)

  • UAE, Malta trade bodies join hands for industrial cooperation

    FUCCI Chairman Abdullah Mohamed Al Mazrouei signed the MoU with Marisa Xuereb, President of the Malta Chamber.

    The MoU is expected to help both parties expand economic, trade, and industrial cooperation

    It is also expected to encourage Emirati and Maltese businesses to form new partnerships

  • Meta touts supercomputer

    The device is up to 20 times faster than Facebook’s current systems.

    Meta said the machine, known as AI Research SuperCluster, was already in the top five fastest supercomputers

    It would apparently become the fastest AI machine in the world when fully built in the next few months

  • Fitch upgrades Saudi Electricity Company’s rating after improved record

    Fitch Solutions has upgraded the Saudi Electricity Company's credit rating from A- to A with a stable outlook, an upgrade...

    The international agency emphasized that the new classification was driven by the result of the improvement of the company's independent credit record.

    The agency said that the company's independent credit rating reflects its large revenues and strong market status in the electricity generation.

  • Saudi finance minister calls for GCC cooperation

    Saudi Arabia's finance minister, Mohammed bin Abdullah Al-Jadaan, has stressed the need for the promotion of the joint Gulf action,...

    During the meeting, the ministers reviewed the progress made on issues related to strengthening the financial and economic cooperation among the GCC states

    The meeting was chaired by the Minister of Finance, Chairman of the current session, Mohammed bin Abdullah Al-Jadaan

  • Istanbul airport closes down as snowstorm hits region

    Europe's busiest airport shut down in Istanbul while schools and vaccination centers closed in Athens as a rare snowstorm blanketed...

    The closure of Istanbul Airport affected flights stretching from the Middle East and Africa to Europe and Asia

    it dealt a major headache for the 16 million residents of Turkey's largest city, which ground to an effective halt

  • Dubai Land Department and three firms team up to provide real estate data

    Dubai Land Department (DLD) has signed memoranda of understanding (MoUs) with three companies that specialize in providing smart and advanced...

    The department sigs MoUs with Bayut, DXBinteract.com, and Property Finder.

    Data will be provided according to real estate construction, including the regional buying and selling prices.

  • Arada secures $41m in finance

    The money will fund Aljada mixed-use project in Sharjah.

    While AED37m will finance a villa complex within the Aljada community, AED115m will fund the construction of the final phase of the SABIS International School.

    Founded in 2017, Arada has since launched three communities in Sharjah. Its first project, Nasma Residences, became Sharjah’s fastest-selling community.

  • FTA appeals to tax registrants to benefit from extension

    The Federal Tax Authority (FTA) has called on tax registrants to benefit from the Cabinet Decision to extend the grace...

    The FTA reaffirmed that the Cabinet Decision provided an opportunity for the business sector to benefit from the reduction of the administrative penalties

    It said it continues to review and audit the records of tax registrants who have fulfilled the requirements prescribed in the law

  • Financial scam websites victimize 137,000 Arabs daily

    Five different types of financial frauds are prevalent in the Arab world, with 24 criminal methods being used to reach...

    According to a review of 503 fake adverts, the number of daily visits from potential victims of these fraudulent sites reaches 137,000 per day

    The study stated that five different types of financial frauds are prevalent in the Arab world, with 24 criminal methods used to reach the victims