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Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.
  • Every second, Pfizer, BioNTech, Moderna make $1k profit

    The trio is estimated to make pre-tax profits of $34 billion this year: over $1,000 a second, $65,000 a minute,...

    Pfizer and BioNTech are estimated to have delivered less than 1 percent of their total supplies to low-income countries

    Moderna has delivered just 0.2 percent, according to an analysis

  • Pakistani Basmati export to KSA, UAE suffers setback

    Briefing a National Assembly panel, Commerce Ministry’s Director-General Dr. Syed Kausar Zaidi said that Saudi Arabia imports 80 percent of...

    Briefing a National Assembly panel, Commerce Ministry’s Director-General Dr. Syed Kausar Zaidi said that Saudi Arabia imports 80 percent of its rice from India

    He; however, expressed the hope that the outcome of Prime Minister Imran Khan’s recent visit to Saudi Arabia may have some positive impact on the export of rice

  • Dubai Airshow Day 2: UAE military inks $3bn deals

    The deals were signed with one local company and four others from around the world.

    The total number of deals in these two days have been 10 contracts with a total value of AED16.52 billion ($4.5 billion)

    The deals of the first day amounted to AED5.24 billion ($1.43 billion), including one with Airbus Defense

  • Saudi Airlines Group signs four pacts at Dubai Airshow 2021

    One of the four agreements is with Inmarsat, the world leader in mobile satellite communications, and GDC Technics, a leader...

    By virtue of this agreement, Saudi Airlines Group will become the first entity in the Kingdom to use the GX Aviation network to provide communication services during flights

    The Group signed an agreement with Panasonic Avionics, in a unique step towards providing the finest audio-visual content viewing experiences for its guests

  • Saudi EXIM inks $118m deals

    The deals were signed at the Saudi Trade Finance Summit.

    The first deal was with the Saudi British Bank with a value of SAR238 million (around $63.5 million)

    The other two were credit-line agreements with Jordan’s Capital Bank and the National Bank of Iraq for $55 million

  • Emirates expands cargo capacity with AED3.6 bn investment

    Emirates SkyCargo was the launch customer for the Boeing 777-F and the aircraft has been at the heart of the...

    Emirates SkyCargo has signed a purchase agreement with Boeing for two new Boeing 777-F aircraft,

    Over the years, the Boeing 777 freighter has been a critical pillar of Emirates SkyCargo operations

  • UAE updates labor law for private sector

    The new decree-law is expected to, among other things, regulate job contracts and give workers more rights.

    The new law, meant for workers in the private sector, will come into effect from February 2 next year

    It is said to embody a host of measures to ensure a safe, healthy, and business-conducive environment for all employees in the sector

  • Pact signed to position Dubai Airshow as platform for space sector investors

    Dubai Airshow and the UAE Space Agency will collaborate to position Dubai Airshow as a key platform for companies and...

    Dubai Airshow and UAE Space Agency sign MoU to coordinate strategies for enhancing space sector's presence in future events.

    This year’s Dubai Airshow is the biggest edition of the event since it began in 1989, with around 85,000 visitors attending across the week. 

  • Aviation emerging out of Covid crisis, outlook brightening: Airbus CEO

    The global aviation sector has begun to emerge from the Covid pandemic, its worst-ever crisis, and the "outlook is starting...

    A large order of 255 of Airbus' planes at the Dubai Airshow "completely justifies" a shift to ramping up manufacturing, the CEO said.

    The United States has largely resumed, Europe is also resuming. Asia will probably take a little longer, Guilluame Faury said.

  • Expo opportunity to boost UAE-Monaco cooperation: Prince Albert II

    Prince of Monaco, Albert II has called Expo 2020 Dubai a "great opportunity" to enhance the cooperation between his country...

    The UAE and Monaco are centers of global exchanges, the prince said on the sidelines of Monaco's National Day celebration at Expo.

    Monaco’s pavilion at Expo 2020 is located in the Opportunities District and is inspired by the legendary Rock of Monaco.