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Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Goldwind 2024 revenue up 12.5%

The clean energy giant posted $7.8bn in revenue for 2024.

Emaar to pay $2.39bn dividend

The company had posted $19bn in property sales for 2024.

Aramco acquires stake in BHIG

The 50% equity interest in BHIG is Aramco-APQ joint venture.
  • NBQ net profit at $53m

    The net profit rose 10.61% in comparison to last year.

    The cost-to-income ratio stood at 32.22 percent in the first nine months of 2021

    The Capital Adequacy Ratio improved to 41.37 percent

  • UAE payments industry expected to reach $14 billion by 2030

    The UAE's payments industry, like several other countries in the world, suffered an impact far less severe than initially anticipated...

    Like other countries, the industry in UAE suffered the Covid-19 impact less severe than anticipated, according to Boston Consulting Group.

    The national payment revenues in the UAE expected to grow by 67 percent between 2020 to 2030.

  • Qatar and Rolls Royce set up a fund to invest in green projects

    Qatar has tied up with Rolls Royce to set up a fund worth billions, investing in green engineering projects with...

    A sister campus would be built in Qatar

    The project will be one of the largest inward investments by a foreign state to the UK

  • Jordan resolves to develop network of electricity grids

    Jordanian Minister of Energy and Mineral Resources, Saleh Kharabsheh, has stressed the importance of developing the country’s electricity grids and...

    The minister said the world is witnessing a technological revolution in the energy field, especially the renewable sector, which should be taken advantage of

    The minister also stressed the importance of the Arab electric connection and efforts to increase its capacity

  • Dubai CommerCity ties up with Khaleej Digital for e-commerce

    Dubai CommerCity, the first and leading e-commerce free zone in the region, has partnered with e-commerce strategy consultant, Khaleej Digital.

    Khaleej Digital will support Dubai CommerCity in leading its customers’ digital transformation journey by designing, planning and executing an e-commerce strategy

    By exchanging knowledge and expertise, the two entities will provide the free zone’s customers with an array of exceptional services

  • Sabic to invest $1.37bn in UK

    The investment is expected to improve operations at a UK plant.

    The company said that the investment will strengthen its operations

    England’s Prime Minister Boris Johnson appreciated the decision of investment

  • Largest Saudi gold mine to begin work in Q1 of 2022

    Saudi Arabia is set to begin mining gold from one of the biggest reserves of the kingdom in the first...

    The project in the Makkah region is using renewable energy for 13 percent of its energy requirements with a plan to increase it

    The Kingdom is currently producing about 400,000 ounces from five mines that were developed in the last 10 years

  • PIF of Saudi Arabia unveils LIV Golf Investments

    Public Investment Fund of Saudi Arabia has unveiled LIV Golf Investments and hand-picked former world champion Greg Norman to lead...

    The new events will be staged from 2022 across Europe, the Middle East and Asia in a move designed to help bolster the sport

    LIV has created 10 new events to be staged annually on the Asian Tour over the next decade with $200 million of backing

  • Half million visitors to Saudi pavilion at Expo 2020 Dubai

    The total number of visitors to the Saudi pavilion exceeded 30 percent of Expo 2020 Dubai's total number of visitors.

    The visitors are said to have been from various Arab and foreign nationalities

    High-level diplomatic delegations from various countries also visited the pavilion

  • Saudi submits bid to host World Expo 2030 in Riyadh

    Russia, the Republic of Korea, Italy and Ukraine are other four countries that have submitted bids for the event in...

    Crown Prince Mohammed Bin Salman proposes “The Era of Change: Leading the Planet to a Foresighted Tomorrow” as the theme for the event.

    The Expo 2030 in Riyadh would coincide with the culmination of the Saudi Vision 2030, the Crown Prince's letter said.

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