It now predicts full-year net profit to touch US$6.1 billion.
The firm recorded a 27 percent rise in profit compared to 2022.
Emaar EC signed the $16-million contract with SAFE.As part of the contract, SAFE will provide security services at the King Abdullah Economic City
It has a duration of five years from the date of signing, which happened on Monday, January 17
The heads of the largest US airlines warned of a "catastrophic disruption" to travel and shipping if telecom firms rolled...Verizon and AT&T have already twice delayed the launch of their new C-Band 5G service
They were heeding warnings from airlines and aircraft manufacturers that the new system might interfere with certain devices
Dozens of Israeli high tech companies are keen to open units in Dubai or Abu Dhabi after Rapyd's decision to...About a dozen portfolio firms of Israeli venture capital fund OurCrowd actively seek to open units in Dubai or Abu Dhabi, says its CEO Jon Medved
Israeli fintech firm Rapyd is the first to decide that it will open an office in the UAE following the normalization of ties between the two countries
Full details will be revealed at the sales launch, scheduled to take place in the third quarter of 2022.Design work on Arada’s mixed-use project on Palm Jumeirah has begun and will contain residential, leisure and F&B components
Arada’s projects include Aljada, Sharjah’s largest ever mixed-use megaproject where 5,000 units are currently under construction
The Innovative Startups and SMEs Fund (ISSF) will invest $1.5 million in Global VenturesGlobal Ventures is a Dubai-based growth-driven venture capital firm focused on investing in growth-stage technology.
Investing in progressive funds such as Global Ventures supports ambitious SMEs to expand their businesses, ISSF said.
The official export credit agencies of the UAE and South Korea have signed an MoU to boost investments in sustainable...Etihad Credit Insurance and K-SURE will work to facilitate support for various collaborative projects, especially hydrogen economy and renewable energy.
They will also join forces to support the exporters operating in diverse industries to enter the global market.
The assets of Jordan's Social Security Investment Fund (SSIF), the investment arm of the Social Security Corporation (SSC), jumped by...The fund’s overall returns on investment (ROI) amounted to JD575 million in 2021 against JD509 million in 2020.
Bonds account for 57 percent of the SSIF’s investment portfolio, followed by stocks 16.6 percent.
The world's largest known cut diamond went on public display for the first time Monday ahead of its sale, when...The Enigma, the name of the rare black carbanado diamond, was put on display in Dubai, in the United Arab Emirates
The diamond is believed to have been created when a meteorite or an asteroid hit the Earth more than 2.6 billion years ago
Sahar Al Rasti, the first Emirati female ship captain, said that working behind the rudders of ships for long days,...Her journey began in 2015 while working in the ports of Abu Dhabi as an administrative assistant
The captain explained that she is very passionate about her job and craves to learn new things like discovering the secrets of maritime navigation
- The bonds were 1.8 times oversubscribed.
The bonds, one of TAQA’s first forays into green financing, will refinance existing debt facilities of SPPC.
TAQA is one of the largest listed integrated utility companies in the Europe, the Middle East and Africa.
