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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.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

  • Saudi Arabian Airlines the least complained about carrier in kingdom

    Saudi Arabian Airlines has been the least complained about airline in the kingdom during October 21, followed by Flyadeal. For...

    The kingdom's General Authority of Civil Aviation has classified airlines based on complaints submitted to it by passengers.

    King Khalid International Airport in Riyadh the least complained about airport in above 6-million-passenger category.

  • Saudi stock market larger than kingdom’s economy: CMA head

    The Saudi stock market is now larger than the Kingdom's entire economy — even without taking Aramco into consideration, the...

    With Aramco added, Tadawul's size is four times that of the economy

    He argued the great momentum of a large number of companies for direct listing is because the Kingdom was the first to apply the direct listing mechanism in the GCC region

  • Porters carry Istanbul’s trade traditions on their backs

    The zenith of Istanbul's porter tradition to the early 1800s, when Sultan Mahmud II ruled what was still known as...

    The porters usually work in squads, under the leadership of a captain who is responsible for coordinating jobs with merchants and distributing pay at the end of shifts.

    More than a hundred merchants in the building rely porters as ordinary carts on wheels are of little use in old dwellings without elevators and only narrow hallways.

  • Emirates to display four-class A380 at Dubai Airshow

    Emirates will put on a display at Dubai Airshow 2021 four-class configured A380 with premium economy class cabin, refreshed interiors...

    Emirates' latest generation Airbus A380 will be decorated with the unique 'United Arab Emirates 50' livery

    This year, all eyes will be on Dubai as the industry bounces back with global aviation and aerospace players reconvening in person to forge new partnerships

  • Kuwait Airways signs spare parts pact with seven Arab airlines

    Kuwait Airways has signed a loan and exchange agreement with seven Arab airlines that will be used to swap spare...

    Under the agreement, spare parts will be shared in emergency cases.

    The agreement was signed on the sidelines of the 54th General Assembly of the Arab Air Transport Association in Doha.

  • Kuwait’s budget deficit spikes 175 percent to $35.5bn

    Budget deficit of Kuwait has spiraled 175 percent to $35.5 billion in 2020-2021, the highest in the country’s history.

    In June, the Kuwaiti parliament approved the 2021-2022 budget proposed by the government in January, which forecast spending of 23.05 billion dinars

    The Ministry said that oil revenues fell 42.8 percent in 2020-21 to 8.8 billion dinars, while other revenues fell 6.5 percent to 1.7 billion dinars

  • Climate and Covid recovery loom large over Dubai air show

    Airlines are still deep in the red, with losses expected to extend by another $51.8 billion this year.

    Air traffic has bounced back since the easing of restrictions, though it was still 53 percent lower in September than its pre-pandemic levels.

    Airbus will show off its A321neo -- the latest model in Airbus's A320 narrow-body series -- and its twin-aisle A350.

  • Aleastur, top European metal producer, sets up base in Bahrain

    Aleastur, top European metal producer, has set up first plant for aluminum grain refiners and master alloys production in Bahrain.

    The new $15 million site at the heart of the Gulf region will supply specialty alloys to global markets, including Asia, North America and the GCC

    The Bahrain facility will be exporting approximately 85% of its annual production to regional players in the industry, including main aluminum smelters and cast-houses

  • AACO sets net-zero emissions target

    The company to respect the Chicago Treaty, bilateral air services agreements

    AACO General Assembly called for the adoption of the guidelines of air travel and vital safety in light of the COVID-19 pandemic

    The General Assembly stressed the need to respect the Chicago Treaty and bilateral air services agreements on civil aviation

  • This week, Gulf markets closed on a high

    Stock markets in the Arab region were mostly in the green in the week gone by.

    After falling by 0.79 percent, the Saudi Stock Exchange closed at 11,753.18 points on Tuesday, losing 93.35 points

    On Thursday, the Dubai index outperformed the rest of the Gulf markets, closing on a positive note for the fifth consecutive week