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IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.

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.
  • Facebook antitrust suit

    James Boasberg's ruling is a blow to Facebook.

    The US Federal Trade Commission has alleged the social media giant, which has renamed itself Meta, holds an illegal monopoly

    The judge rejected Facebook's argument that the case should be dismissed because the commission's decision to amend and refile was fueled by bias

  • Zoho inks Dubai deal

    The agreement will help Dubai’s creative entrepreneurs.

    The agreement aims to support the emirate's creative entrepreneurs through their digital transformation journey

    It will also look to enhance the efficiency of their businesses, and simplify daily operations

  • Fact-checkers urge YouTube to fight disinformation

    More than 80 fact-checking organisations Wednesday urged online video platform YouTube to better combat disinformation, offering to help debunk false...

    Videos containing false information had gone "under the radar of YouTube's policies, especially in non-English speaking countries", they said in an open letter to YouTube

    YouTube spokesperson Elena Hernandez said that fact checking was a "crucial tool", but just "one piece of a much larger puzzle to address the spread of misinformation"

  • Self-mobility a ‘promising business’: Ekar founder

    Car ownership could become a hobby only for wealthy people in future, says Ekar founder Vilhelm Hedberg.

    Ekar’s founder believes car ownership could become a hobby only for wealthy people in the upcoming years

    Ekar is looking into an addressable market of 138 million people in the MENAT region

  • 300 stakeholders take part in Dubai Shenzen Day and Products Show

    Over 300 public and private sector stakeholders from China and the UAE took part in the first Shenzhen Day Launch...

    Over 70 Shenzhen-based companies specializing in life and health, consumer electronics and intelligent security, that put more than 350 high-tech products on display.

    A total of 120 bilateral business meetings were held during the event as part of the Dubai Chambers representative office in Shenzhen’s efforts to facilitate exchange.

  • Tadweer of Abu Dhabi to hold ‘EcoWASTE’ exhibition

    The exhibition and forum cover various fields, including recycling and waste management and treatment in the MENA region.

    It will begin from17th January to 19th January 2022 in Abu Dhabi at National Exhibition Center (ADNEC) as part of the Abu Dhabi Sustainability Week

    The forum would also work as an integrated platform for developing and formulating practical and sustainable waste management practices

  • Air Arabia named the most punctual airline by Moscow Airport in 2021

    Air Arabia has been named as the most punctual airline in 2021 at Moscow Domodedovo Airport in the category of...

    The Moscow Domodedovo Airport is the largest in Russia with the punctuality competition being held on an annual basis among its partner airlines.

    The Airport evaluated the performance of numerous worldwide partner airlines, based on punctuality - calculated based on flight frequency.

  • Jordan Banking Organization honors former Jordan’s Central Bank Governor

      The Association of Banks in Jordan (ABJ) held a ceremony to honor the former Governor of the Central Bank...

    The ceremony was held via teleconference, and attended by Jordan's Prime Minister Bisher Khasawneh, CBJ Governor Adel Sharkas.

    Chairmen and CEOs of more than 59 banks were present at the felicitation ceremony.

  • UAE sets up “Coders HQ” to boost coding communities

    The UAE government has launched the Coders HQ, a new transformational project that re-defines local coding communities, in partnership with...

    The project, established in the Emirates Towers, aims to build a new generation of coders, enhance their capabilities and skills in the fields of coding and technology

    The project was launched in a virtual ceremony organized by the National Program for Coders, in the presence of Omar bin Sultan Al Olama, Minister of State for Artificial Intellige

  • Abu Dhabi Department of Culture and Tourism sets $272 business license fee

    In a bid to promote the growth of the tourism industry in Abu Dhabi, the emirate's Department of Culture and...

    License holders who currently pay varying fee amounts, depending on the level of business activity.

    Overall, the changes represent an almost 90 percent reduction in total license fee costs.