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TAQA H1 net income $1bn

The group's revenue reached $7.73 billion.

ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

DEWA profit after tax $789m

It will pay $843m in H1 dividend.

IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.
  • Emirates receives its 123rd, and final, Airbus A380 superjumbo jet

    Emirates today received delivery of its 123rd Airbus A380 superjumbo jet. The aircraft, registered as A6-EVS, is also the final...

    Emirates said it was the first airline to announce an order for the A380 at the 2000 Farnborough Air Show, when the aircraft was still marketed as the A3XX.

    The aircraft received features the airline's latest cabin products including Premium Economy, said the CEO.

  • Aldar-ADQ grp to buy SODIC share

    The Abu Dhabi based consortium will focus on identifying growth opportunities and guiding the company’s long-term strategy.

    The Abu Dhabi based consortium will focus on identifying growth opportunities and guiding the company’s long-term strategy

    The consortium’s objective is to advance SODIC’s position as a leading national developer by scale and reputation

  • Saudi index shines, UAE stocks ripple

    Global cues and local developments could not dampen the overall improvement.

    For Tuesday's eleventh consecutive trading day (December 14, 2021), the Dubai Stock Exchange index increased 0.9 percent.

    A 2.3 percent loss in First Abu Dhabi Bank's share on Monday (December 13, 2021) dragged down the index by 0.4 percent.

  • Jordan eyes investments with ICT growth

    Investment opportunities also exist in IT solutions for Jordan's financial sector and enterprise solutions and emerging applications. In addition, Jordan...

    Jordan's ICT sector generates 75 percent of the region’s Arabic internet content

    Jordan offers a competitive proposition for investment in content applications and e-learning with fairly priced broadband internet tariffs

  • Etihad launches WorldPass for frequent travelers from UAE

    Etihad Airways has announced a new travel solution aimed at corporate and frequent travelers booking from the UAE, said local...

    Etihad WorldPass is available for travel between the UAE and select destinations including the GCC, India, Pakistan, UK and Ireland.

    WorldPass guests can have unlimited free rebooking and cancellation, and the booking portfolio can be self-serviced and self-managed.

  • Dubai South and Huawei ink deal

    The pact entails building smart transportation ecosystem.

    They will also explore innovative solutions to support a mixed-traffic, intelligent transport system for autonomous and driver-assisted vehicles.

    The two entities will also develop and promote unified international cybersecurity standards to safeguard digital transformation projects.

  • Sheikh Mohammed launches largest tourism campaign ‘World’s Coolest Winter’

    UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum launched the second season of the World’s Coolest...

    The campaign highlights the diversity of the UAE’s tourism and recreational attractions.

    With an occupancy rate of 64 percent, the UAE outperformed the top 10 tourist destinations in the world.

  • Reddit to go public

    Reddit submits draft registration with the USSEC.

    The company said it had not yet determined the number of shares that will be offered nor the price range for the stock

    Created in 2005 by two students from Virginia, the discussion platform was bought in 2006 by Conde Nast, which publishes magazines such as Vogue, The New Yorker and Vanity Fair

  • QA arm expands Gulfstream fleet

    Qatar Executive is a business-jet subsidiary of Qatar Airways.

    Qatar Executive is a business-jet subsidiary of Qatar Airways

    It now has a total of 11 Gulfstream G650ER aircraft in its fleet

  • Saudi Arabia to dominate regional ecommerce

    Factors ranging from internet penetration to smartphone ownership to bank-account holdings, and more are coming together to make Saudi Arabia...

    The GCC will have the fastest ecommerce growth in the MEASA region between 2019 and 2022

    Ecommerce will help Saudi’s economic growth, with the domestic online market expected to reach $2 billion by 2025