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Aramco signs $11bn deal

The deal involves its Jafurah gas facilities.

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.
  • 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

  • UAE ministry signs pact with ADDED and ADNOC to promote Emirati products

    The Ministry of Industry and Advanced Technology (MoIAT) and Abu Dhabi’s Department of Economic Development (ADDED) will work on proposing...

    MoU part of a program aimed at redirecting above 42 percent of public-sector and select private-sector expenses towards local suppliers.

    The pact is in line with the objectives of the National Strategy for Industry and Advanced Technology, Operation 300bn.

  • SIDF and Al Rajhi team up to boost industries growth

    The Saudi Industrial Development Fund (SIDF) has teamed up with Al Rajhi Bank to provide a documentary credit service.

    The documentary credit service enables investors to obtain the necessary liquidity to implement projects and to speed up project implementation procedures

    The fund aims at stimulating the growth of national industries through the partnership with the private sector

  • Dubai Index surges 80 percent, Saudi losses continue

    Dubai index outperformed GCC peers, following the emirate's announcement of plans to open a $545 million market-making fund and IPOs...

    As of Thursday, Abu Dhabi's main index increased by 0.1 percent, aided by a 2.4 percent increase in Alpha Abu Dhabi Holding.

    Saudi index lost for the third consecutive week and Abu Dhabi was largely stable.

  • Riyadh Season casts its spell on GCC

    So far more than two million visitors have marked their presence in the five-month long arts and culture festival.

    From young and old, men and women, all have trooped into the area to partake of music, sports, cars, business, agriculture, and many more events

    Live concerts featured many regional and international singers like Kazem Al Saher, Angham, Elissa and many more that can interest children, families, and youth as well

  • ENOC Group and Air Chateau sign pact

    Under the agreement, ENOC will fuel up to 30 helicopters of Air Chateau.

    Air Chateau offers charter and transportation services to tourists, high net worth individuals and air ambulances.

    ENOC Aviation's current supply network spans over 200 airports across 21 countries.

  • Nayifat Finance to trade on Tadawul

    Nayifat Finance Company (NFC) will start trading on Tadawul on November 22, according to a Saudi Exchange filing.

    The stock will have +/- 30 percent daily price fluctuation limits and +/- 10 percent static price fluctuation limits

    These fluctuation limits will be applied during the first three days of listing, and from the fourth trading day onwards

  • Experts discuss market opportunities at DMCC Dubai Precious Metals Conference

    The sector leaders addressed key trends within the global precious metals industry and how to harness current opportunities.

    The sector leaders addressed key trends within the global precious metals industry and how to harness current opportunities

    The session, held under the title ‘Gold versus Bitcoin: competition or coexistence?’, highlighted bitcoin’s growing status as ‘digital gold’

  • One year from FIFA World Cup, clock ticks ever louder for Qatar

    Twelve months before the 21 November, 2022 kick-off, the Qatari capital Doha is dotted with roadworks and building sites that...

    Twelve months before the 21 November, 2022 kick-off, the Qatari capital Doha is dotted with roadworks and building sites that are causing chaos for its inhabitants

    With some Qatari infrastructure projects delayed by the pandemic, the clock is ticking more loudly than organisers might have liked

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