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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.
  • Saudi Arabia sets up $187m solar panel factory in Tabuk

    Saudi Arabia has set up a $186.6 million worth solar panel factory in the Tabuk Industrial City to cater to...

    Spread over more than 27,000 square meters, the factory will have an estimated production capacity of 1.2 gigawatts

    The new Tabuk facility uses automated machines for its production, and employs latest international technologies in the field

  • ADNOC awards $1.46 billion EPC contracts for Dalma Gas Dev Project

    The two EPC contracts, awarded to National Petroleum Construction Company (NPCC) and a joint venture (JV) between Técnicas Reunidas and...

    The Dalma field is part of the Ghasha Concession which is the world’s largest offshore sour gas development and an enabler of gas self-sufficiency for the UAE

    Both engineering contracts are expected to be completed in 2025 and will enable the Dalma field to produce around 340 mmscfd of natural gas

  • Luxury brands burning products is a problem

    High fashion can be detrimental to the environment because of its large carbon footprint.

    To keep their uniqueness, high-end fashion brands routinely burn unsold products

    Fashion contributes up to 8 percent of the global carbon footprint

  • Qatar Airways welcomes first Boeing B777-9 aircraft to Doha

    The aircraft, which is anticipated to join Qatar Airways fleet in the near future, will be the world's largest and...

    The aircraft, which is anticipated to join Qatar Airways fleet in the near future, will be the world's largest and most efficient twin-engine jet

    Key technologies enabling this efficiency are its new carbon-fibre composite wing, new engines and natural laminar flow nacelles

  • Dubai Airshow: UAE Armed Forces sign deals worth AED22 bn

    The deals were announced by the Executive Director of the Military Organizing Committee of the Dubai Airshow 2021 Major General...

    The deals were announced by Major General Staff Pilot Ishaq Saleh Al Balushi, and Lt. Col. Pilot Sarah Hamad Al-Hajari, Dubai Airshow spokesperson

    AED5,239,207,000.00 in deals were signed on the first day, AED11,284,837,000.00 on the second day, and AED4,257,401,000.00 on the third day.

  • Mubadala eyes Yahsat tech

    Yahsat will support Mubadala Petroleum with satellites.

    Yahsat’s satellite-based technologies and coverage across the EMEA and Asia regions is at the center of the deal

    Mubadala Petroleum will see how these satellites can help it handle its critical operations

  • Emirates SkyCargo and Emirates Post Group to promote e-commerce global platform

    Emirates SkyCargo and Emirates Post Group (EPG) have signed a Memorandum of Understanding (MoU) to develop an e-commerce end-to-end global...

    The platform will focused on serving markets in the Middle East, Africa and West Asia.

    In October 2019 the Emirates SkyCargo launched Emirates Delivers, an international e-commerce shipping solution

  • France looks to expand its presence in UAE agri-food sector

    France is negotiating an agreement with the United Arab Emirates (UAE) that would allow French Small and Medium-sized Enterprises (SMEs)...

    "We are negotiating [with the UAE] an agreement on food safety that will strengthen the presence of our SMEs in the agri-food sector"

    These agreements "will help to develop our SMEs' exports to the UAE and [increasing] the establishment of our start-ups in the country"

  • Etihad bags maintenance contract

    The contract involves Virgin Australia's Boeing 737 fleet.

    The contract was signed during the Dubai Airshow for 30 nose-to-tail aircraft of Virgin Australia.

    Etihad Engineering’s facility is located in Abu Dhabi and is spread over an area of 500,000 sqm.

  • Costly delays to Boeing’s 777X rile Emirates

    Delays to the certification of Boeing's 777X long-haul aircraft are costing billions and infuriating top customer Emirates, but the US...

    While still in its testing phase, the world's largest passenger jet flew for the first time outside the United States this week at a major air show in the United Arab Emirates

    It is no coincidence that its first international flight was to Dubai, home to aviation giant Emirates which has ordered 115 of the aircraft

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