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.
  • They have sold 100 percent of Spanish operation MATSA to Sandfire Resources.

    MATSA owns and operates two mines in the municipality of Almonaster La Real and one mine in the province of Huelva, Andalucia.

    The company’s processing plant can process more than 4.4 million tons of copper and polymetallic ore per year.

  • Historic rivals Turkey and Armenia were due Wednesday to resume their first commercial flights in two years as part of...

    Armenia and Turkey have no diplomatic relations, a closed land border and a long history of hostility rooted in the mass killing of Armenians

    The first flight run by Moldova's low-cost carrier FlyOne was expected to land on Wednesday evening at Istanbul Airport from Yerevan

  • Saudi Arabia has witnessed a big jump in 'contactless' payment during the last three years, from hovering in single digits...

    Looking at Saudi Arabia’s workforce, Torre said that the large number of foreign workers in the Kingdom should provide ample opportunities for Visa in terms of offshore remittances

    Torre indicated that his company offers a Visa Direct solution which allows people to send money to any of their 3.7 billion cards or directly to bank accounts in 88 countries

  • Saudi Aramco has officially launched Prosperity7 Ventures, a $1 billion Venture Capital fund. The fund has been operational for over...

    The fund has been operational for over a year but was launched officially on Tuesday.

    The fund aimed at supporting the development of next-generation technologies and business models.

  • The Central Bank of the UAE will introduce a new set of terms and conditions for its standing credit and...

    The new terms and conditions define the discretionary powers related to the activation of these facilities and the guidelines for collateral management

    In addition, the CBUAE may activate the Contingent Liquidity Insurance Facility in response to any actual or prospective stress of an exceptional nature

  • The opportunity for less well-known artists to reach a large audience and potentially get paid for streams of their music...

    The opportunity for less well-known artists to reach a large audience and potentially get paid for streams of their music means they feel obligated to stick with Spotify

    "For me, Spotify is kind of a necessary evil," said Leo Sidran, musician and host of the podcast "The Third Story."

  • In Q4 2021, GM saw global car sales sink

    Profits fell in the final quarter of 2021 as GM saw global car sales sink but the US automaker still managed to notch a record $10 billion in annual profits

    GM signaled it expects comparable profits in 2022 in spite of cost pressures in commodities, freight services and labor

  • Technology is allowing firms to shift an increasing share of work outside of their traditional boundaries, reducing costs and improving...

    Together, the rise of work-from-home and the gig economy have loosened the boundaries of the firm, making the ideas of a workplace and a worker more fluid

    Today, technological advances and the emergence of new digital platforms are allowing firms to shift an increasing share of work outside of their traditional boundaries

  • For several years, there has been a rush of investments from GCC countries into European sports. TRENDS explores the reasons...

    Saudi Arabia's Public Investment Fund recently bought Newcastle United for $418 million

    Abu Dhabi’s Sheikh Mansour had picked up Manchester City in 2008

  • Sanad, a subsidiary of Mubadala Investment Company, has appointed Mansoor Janahi as the new Group CEO.

    The appointment is a part of Sanad’s new plan to expand its business beyond the aerospace sector

    The strategy and leadership announcements follow the launch of "Operation AED300bn" last year