Google Chrome begins restricting cookies in first step towards elimination
Paris, France - Google has begun limiting third-party cookies for some users of its Chrome web browser, a first step towards...Business Global Tech & Media
Yanbu industrial port receives first RORO vessel, carrying nearly 2,000 cars
Yanbu, Saudi Arabia - The King Fahad Industrial Port in Yanbu welcomed the arrival of the "Hoegh Sydney," marking the...Business
Airbus flies back to profit
European planemaker booked net profit of 404 mn euros.European planemaker said in a statement that it booked net profit of 404 million euros ($470 million) in the period from July to September
The company said it now expects an operating profit of 4.5 billion euros in 2021, up from the four billion euros previously forecast
DFM posts net profit of AED 38.1 mn in the first nine months of 2021
The Company’s total revenue reached AED 183.1 million in this timeframe compared to AED 271 million during the corresponding period...DFM's expenses decreased 4 percent to AED 145 million by the end of September
The company has waived the minimum trading commission from September 1
ADIO and Etisalat to facilitate digital economy access for firms in Abu Dhabi
Abu Dhabi Investment Office (ADIO) and Etisalat will work together to unlock opportunities for businesses in Abu Dhabi by introducing...ADIO’s $545-million Innovation Programme provides incentives to businesses in high-growth areas to expand in Abu Dhabi.
Etisalat Digital’s FutureNow program invites innovative technology companies to accelerate their businesses in the UAE.
Eni of Italy discovers three new oil and gas wells in Egypt
Eni of Italy has discovered three new oil and gas wells in Egypt, according to the Egyptian Ministry of Petroleum.Oil, gas, and condensate (a mix of light liquid hydrocarbons) were found in the Meleiha concession area, and oil in the southwest Meleiha zone
The MWD-21 well, which has already been linked to production, also yielded a stable rate of 2,500 bpd
Saudi Investment Bank records 9% rise in net profit to $206.7m
The Saudi Investment Bank (SAIB) has recorded a 9 percent rise in net profit to $206.7 million in the first...The bank attributed the profit rise to a decline of 11.6 percent year-on-year (YoY) in total operating expenses amid lower salaries and employee-related expenses.
Total shareholders' equity, excluding minority interests, reached SR14.69 million during the first nine months of 2021
44 MNCs decide to set up regional HQs in Riyadh
Pepsico, Deloite, Siemens, Haliburton, KPMG, PwC, Novartis and OYO are among the companies that will establish their regional headquarters in...The licenses were issued at the 5th edition of the Future Investment Initiative under the Regional Headquarters program.
The direct and indirect benefits from the presence of companies (in Saudi Arabia) will amount up to $45 billion, says minister.
Sharjah Economic Development Department processes 14,210 licenses during Q3
Sharjah Economic Development Department (SEDD) has processed 14,210 licenses submitted through its smart applications on its website as well as...The majority of the licenses processed belonged to the commercial sector, followed by professional.
The growth of business licenses confirms the strength of the local economy, Sultan Abdullah bin Hadda Al Suwaidi.
Advanced Petro Co. of KSA posts nearly 40% jump in net profit
Advanced Petrochemical Company of Saudi has posted nearly 40 percent increase in net profit to $58 million for the third...“Net profit increased by 39 percent compared to Q3 2020 mainly due to the increase in polypropylene sales”
Sales revenue for the current quarter surged by 47.7 percent to 805 million riyals, while total comprehensive income grew from 286 million riyals to 356 million riyals
Singapore-based Near acquires minority stake in MEmob+
Near will work with MEmob+ to continue its global expansion with a push into the Middle East and Africa.Near will work with MEmob+ to continue its global expansion with a push into the Middle East and Africa
The companies will look to accelerate the adoption of cutting-edge technologies to support the performance of businesses everywhere
Network International of UAE posts 19% jump in revenue
Network International, the UAE-based payment solutions firm, has posted a 19 percent jump in revenue in the third quarter, increasing...Merchant solutions revenue was up by 38 percent, the company said in its Q3 2021 trading update
The company said that its entry into the Saudi Arabian Market was also on track, with the expectation of launching in the kingdom in early 2022
