CBI 2023 net profit at $46.5m
The 2023 annual net profit rose 14 percent from 2022.Company News Business Banking & Finance
Passenger traffic at Sharjah airport jumps to 15.3 million in 2023
Sharjah, UAE--The number of passengers travelling through Sharjah airport reached 15.3 million in 2023, as compared to 13.1 million in...Business
Tadawul looks to raise $1bn from its IPO
Tadawul is looking to raise up to $1 billion from its initial public offering (IPO), after setting the price range...Tadawul appointed SNB Capital as the lead manager, financial advisor, book-runner, Global Coordinator and underwriter for the initial public offering
while J.P. Morgan Saudi Arabia, and Citigroup Saudi Arabia were appointed as financial advisors on the offering of 36 million shares of Saudi Tadawul Group Holding Co
Doha sees roadworks, traffic jams in Qatar World Cup run-up
Development of drainage stations, water treatment plants, pumping, and rainwater drainage networks in several parts of Doha.Qatar expects 1.5 million visitors for the World Cup
Flooded roads due to rain is a problem which confronts people in Doha
Qatar World Cup ‘unfairly treated’ on rights
There had been 'extraordinary' progress, including the introduction of a minimum wage and improvements to working conditions and accommodation, says...There has been 'extraordinary' progress, including the introduction of a minimum wage and improvements to working conditions and accommodation, says Khater
Qatar will hold the first World Cup in the Middle East a year from now, in eight stadiums in and around the capital Doha
Hamilton hits ‘sweet’ spot to claim inaugural Qatar GP pole
Lewis Hamilton maintained the momentum from last week's stunning win in Brazil to claim pole for the inaugural Qatar Grand...Max Verstappen, who leads his Mercedes rival by 14 points with three races to go, will start alongside Hamilton on the front row on Sunday
Hamilton's teammate Valtteri Bottas posted the third quickest time under floodlights at the Losail circuit to fill the second row with Pierre Gasly for Alpha Tauri
UAE shares its proposals with IMO for strategic reforms
The United Arab Emirates has given three proposals to the International Maritime Organization (IMO), supporting the reforms undertaken by IMO...The reforms were introduced during the meetings of the IMO Council, where the UAE has a Category (B) membership
Through this move, the country hopes to keep pace with global changes and technological developments
Emirates Post and ENOC team up to boost delivery services
Emirates Post and ENOC Group have partnered to improve delivery services in logistics and e-commerce field in the UAE.Both Emirates Post customers and business partners can benefit from this new partnership
The agreement offers a flexible way for customers to pick-up or drop-off their courier packages by choosing the ZOOM store that is accessible and convenient to them
India’s Reliance ditches $15bn Saudi Aramco deal
India's Reliance oil-to-telecoms giant is abandoning a $15 billion deal for Saudi Aramco to buy a 20 percent stake in...The deal was announced more than two years ago by Reliance and touted as the biggest foreign investment in the company's history
Aramco is the world's biggest oil-producing company and vies with Apple for the title of the most valuable firm on the planet
HAYVN, a digital currency firm, closes Series A funding
HAYVN, the Abu Dhabi-based digital currency platform, has closed Series A funding round led by Red Acre Ventures and Hilbert...As part of the transaction, Red Acre Ventures has joined the HAYVN Board of Directors
The UAE is poised to be a global hub for the emerging asset class that is digital currency
Qatar and PSG, a lasting bond beyond the 2022 World Cup
Qatar's investment in French giants Paris Saint-Germain, and its use of the club as a central tool for the gas-rich..."Close to 15 years ago Qatar did not exist in public opinion," says Lavergne. "Paris Saint-Germain is central to this policy. With the club they reach the whole world
The ties between Qatar and France stretch well beyond the realms of this sporting connection
Two Abu Dhabi firms partner to adopt energy-saving technology
Abu Dhabi Health Services Company (SEHA) and Abu Dhabi Energy Services (ADES) have begun the first phase of their Energy...As part of the agreement, which was originally signed in September, ADES will implement key energy-saving technologies in several of SEHA’s facilities to enhance sustainability
The strategic collaboration will mark SEHA’s commitment towards the adoption of energy-efficient modifications for its facilities
