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.

  • The management of Autoville has officially started selling tickets for the events of this International festival through its official website.

    The Autoville festival will cover an area of 1.7 million square meters as the audience will watch the stars of art and display cars from all over the world

    The festival will also showcase the latest developments in mobility, and a number of concerts by a group of Arab and international artists

  • The country also mulled the idea of extending the validity of visas to reduce routine procedures.

    Both sides also discussed cooperation at ports and the possibility to extend the validity of visas to reduce routine procedures

    The NPRA and LMRA agreed to intensify inspection campaigns to tackle violations of the labor market and residency rules

  • The Kuwaiti bank’s lending amount was spread across 23,000 loans.

    KCB spokesperson Habari Al-Khashti said the effectiveness of the bank's electronic services saved time and effort for citizens

    She also indicated that 99 percent of the bank’s credit services have become electronic

  • The company is calling a meeting of all stakeholders for this.

    The company said the date of issuance of the bonds is March 9

    The conversion period of the bonds would be three months from the issuance date

  • Government spending on infrastructure projects as part of the Vision 2030 program is expected to boost non-oil GDP growth.

    Markaz’s report indicated that investments are expected to pick up as the government initiates major projects like Neom City

    Steady population growth, government subsidies, and the enacted mortgage law are enabling banks to finance home purchases, fueling the growth in the residential sector

  • Cyber Security Attack

    Companies are hemorrhaging millions of dollars to ongoing ransomware raids, with threat actors further weaponizing the attacks.

    Ransomware attacks on high-profile organizations grabbed headlines throughout 2021

    Cybersecurity experts believe this criminal enterprise will reach new heights in 2022

  • Momani will manage Mercedes-Benz's overall performance at EMC.

    Mohammad Ghazi Al Momani possess an experience of 20 years in motoring and a degree from the University of Technology in Baghdad, Iraq

    Momani specializes in strategic planning, marketing, sales, after sales and operations, and good knowledge of the Middle East

  • Some 338,833 people visited the pavilion of Dubai Electricity and Water Authority (DEWA) at Expo 2020 Dubai between 1 October...

    Several local and international officials from public and private organizations as well as a large number of school and university students visited DEWA’s pavilion

    On the 2nd of December 2021, DEWA’s pavilion attracted over 23,400 visitors as it organized various activities to celebrate the UAE’s 50th National Day

  • The total value of real estate transactions recorded in the first week of the new year exceeded AED7.24 billion (around...

    Dubai real estate transactions exceeded around AED2.53 billion (around $688 billion) as it adopted a new working week

    Jebel Ali First registered the most villa and apartment sales transactions on the first working Friday of 2022

  • It is a seven-year extension contract with Schlumberger.

    As part of the deal, RSI is expected to provide facility management services for its specialized modular camps

    This will reportedly support Schlumberger's oil drilling operations in the Eastern region of the country