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.

  • A total of 2,078 real-estate transactions worth AED6.6 billion ($1.8 billion) were conducted in Dubai during the week ending February...

    A total of 280 plots were sold for AED1.42 billion ($386.66 million), according to official data

    Meanwhile, 1,275 apartments and villas were sold for AED2.54 billion ($691.63 million)

  • The company posted an all-time-high annual revenue in 2021.

    IHC’s total revenue grew 303 percent in 2021 to AED 28.3 billion ($7.71 billion)

    This beat its previous year’s revenue record of AED 7 billion ($1.91 billion)

  • While initiatives like Made in Saudi Arabia are helping ramp up production, Saudi Exports is looking to rope in government...

    Saudi Arabia intends to increase the amount of non-oil exports from 16 percent to 50 percent of the total GDP

    The Made in Saudi Arabia program helps create a unified identity for exports and improve their reliability

  • The UAE and Israel signed a Memorandum of Understanding (MoU) to strengthen their tourism and economic cooperation and reinforce their...

    The two sides will intensify their technical cooperation in tourism education, vocational training, marketing and promotional activities.

    The trade between the two countries grew to $700 million within one year of signing Abraham accords.

  • DWC Airport in Dubai will host the MEBAA Show, a business aviation platform, from 6-8 December 2022. The event will...

    The event will showcase the latest trends, insights, innovation and commercial opportunities shaping the future of business aviation.

    Providing a platform for the entire business aviation community, the MEBAA Show will convene again to build partnerships.

  • This includes a 48.28% growth in passenger volume, with the total number reaching 88,000.

    The total food shipments amounted to more than 2 million in January, representing an increase of 2.06 percent compared to last year.

    The statistical figures for January 2022 issued by MAWANI also showed an increase in other operational indicators of Saudi ports.

  • In a waterfront Istanbul neighborhood that once buzzed with cafe and pub life, there are now only empty tables after...

    The tax is one of the biggest blows to alcohol consumption by a government often accused by its opponents of eroding the pillars of modern Turkey

    The blow was felt particularly hard in the Besiktas neighborhood on the European side of the Bosphorus

  • Abu Dhabi National Energy Company (TAQA) has posted a net income (TAQA-share) of AED6.0 billion, a jump of AED3.2 billion,...

    The company has attributed the increase in income to a greater contribution from the Oil & Gas segment

    The Group revenues of AED45.7 billion, 11 percent higher than the prior-year period, primarily due to higher commodity prices within the Oil & Gas segment

  • The gross profit in 2021 was AED5.1 billion in 2021, compared to AED 218 m in 2020.

    The company said the performance was driven by the strong and consistent business activities of its subsidiaries.

    Alpha Dhabi Holding made strategic investments in 2021 by acquiring a 17.5 percent stake in Aldar which was increased to 30 percent at the year-end.

  • A new digital bank backed by ADQ, an Abu Dhabi-based investment and holding company, will soon begin operations, after the...

    With its headquarters in Abu Dhabi, the digital bank named Wio will enhance the capital's growing reputation as a global financial services centre

    The digital banking platform's primary shareholders ADQ and Alpha Dhabi, one of the fast-growing investment holding companies in the Middle East, own 65 percent