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 company will make a rocket to bring back rocks from Mars.

    According to the US space agency's statement, Lockheed Martin has won a NASA contract to build the rocket which will bring the first Mars rock samples to Earth in the 2030s

    NASA will launch a plan in 2026 to send the mini-rocket to Mars, carrying another rover responsible for collecting the rock samples

  • The production of semiconductors, also known as chips, has become a strategic priority in Europe as well as the United...

    The production of semiconductors, also known as chips, has become a strategic priority in Europe as well as the United States, after the pandemic choked off supply

    The manufacturing of chips overwhelmingly takes place in Taiwan, China and South Korea and the European Union's 27 member states

  • The company achieved a net profit of QR 8.1 billion for 2021.

    Industries Qatar said in a statement that the Group revenue significantly improved by 77 percent to reach a record QR 20.2 billion

    Earnings per share (EPS) amounted to QR 1.34 for the year, versus QR 0.32 for last year

  • Two Iranian ex-prisoners have opened a ‘jail restaurant’ to help raise funds to free convicts who are behind bars for...

    In Iran, bounced cheques, or failure to pay agreed dowries or bank loans results in jail time until the money is repaid

    More than 11,000 Iranians are in jail for failing to repay debts: almost 5 percent of Iran's prison population

  • Legal experts weigh in on what lies ahead for the UAE when it comes to gaming entertainment in various forms.

    The announcement comes after rumors circulated about legalizing gambling clubs and permitting casinos in the UAE

    Gambling is prohibited in Chapter VI of the UAE Federal Penal Code, with those found guilty facing imprisonment and hefty fines

  • The fourth edition of the MENA Transport Congress & Exhibition began on Monday in Dubai.

    The three-day event is organized by Dubai’s Roads and Transport Authority, and includes 13 sessions, five of which are main sessions

    The sessions will discuss the smart transport service, eco-friendly electric buses, artificial intelligence and big data, first and last-mile trips

  • Commercial Bank of Dubai (CBD) has approved a debt financing deal with Postpay, a leading omni-channel Buy Now, Pay Later...

    The strategic partnership with CBD will provide support to Postpay on several fronts including Transaction Banking

    The continued support from CBD will also enable Postpay’s planned expansion in the UAE, KSA, and other GCC countries

  • The World Intellectual Property Organization (WIPO) in collaboration with Hamad Bin Khalifa University (HBKU) will now promote education in intellectual...

    The World Intellectual Property Organization and Hamad Bin Khalifa University will collaborate for IP law teaching.

    The WIPO will provide expertise under the terms of the agreement.

  • Dubai has approved a policy to limit single-use plastic bags by imposing a tariff of 25 fils on such bags...

    The policy will be evaluated over several stages until the single-use bags are completely banned within two years.

    The emirate will charge a tariff of 25 fils per bag from 1 July 2022.

  • Investopia investment summit has announced the signing of a Memorandum of Understanding (MoU) with Deloitte Middle East for collaboration to...

    The MoU was signed between Deloitte Middle East and Investopia investment summit taking place on March 28.

    The two parties will jointly study significant economic areas such as investments in AI, social and environmental sustainability and governance.