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Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.
  • Air traffic in UAE leaps up 24.5% in September as thousands flock to Expo 2020

    The General Civil Aviation Authority (GCAA) has announced that the average aviation activity in the country rose from 1,238 flights...

    Saif Mohammed Al Suwaidi, Director General, said that the aviation activity in the UAE witnessed a significant increase prior to the Expo 2020 Dubai

    The GCAA's report also showed the country’s national carriers travel to 108 countries, benefitting from the logistical services provided by ten registered airports

  • $2bn Arada project in new phase

    Arada has launched the second residential phase of Masaar.

    The new phase is called Kaya and is located within the Al Suyoh district of Sharjah

    The new phase is said to containing 421 townhouses and villas

  • Oman’s pavilion draws visitors eager to learn about investment in the country

    More than a hundred thousand people paid visit to Oman’s pavilion in the first nine days of Expo 2020, according...

    Over 12,400 people visited the pavilion daily, a figure considered "an excellent indicator" during the first week of the mega event

    People were briefed about the country’s investment opportunities and were shown displays of modern technologies and sound management

  • Post merger, Emaar Properties and Emaar Malls form a single company

    Shareholders of Emaar Properties have approved the merger of the company with Emaar Malls, according a bourse filing.

    Shareholders also approved during the General Assembly on Sunday the proposal to increase Emaar Properties’ share capital to $2.2 billion

    Emaar Malls’ net profit reached 622 million dirhams during the first six months of 2021, up by 80 percent from 345 million dirhams during the same period in 2020

  • In just 10 days of Expo 2020 organizers record more than 400,000 visits

    It has been ten days since the Expo 2020 was kicked off in a grand celebration, and so far 411,768...

    The visitors belonged to 175 nationalities and not far off the 192 countries participating in the event

    Visitors to the global event could choose from multiple ticket options including Multi-Day and Season Passes

  • Now an ad from the lowest place on the Earth

    The new ad posted on the Twitter handle of the Israeli Pavilion at Expo 2020 Dubai has been videographed in...

    New ad of Israeli Pavilion at Expo 2020 has been shot in the middle of The Dead Sea

    It is an imitation of the Emirates’ ad from the top of 828-metre-high Burj Khalifa

  • DEWA, Ireland explore digital technology cooperation

    DEWA CEO Saeed Mohammed Al Tayer and Ireland’s Minister of State for Trade Promotion, Digital and Company Regulation at the...

    This was part of the Irish commercial delegation visit to the Water, Energy, Technology, and Environment Exhibition (WETEX)

    The two parties discussed enhancing cooperation, exchange of experience between DEWA and Irish companies

  • $1.3bn UAE-Mexico non-oil trade in 2020 shows strong trade ties: Minister

    The non-oil trade between the UAE and Mexico totaling $1.3 billion in 2020 demonstrates a strong partnership between the two...

    Both countries agree on new plans to reinforce economic cooperation.

    UAE Minister of State for Foreign Al Zeyoudi holds a meeting with Martha Delgado Peralta, Deputy Secretary at Mexico's Ministry of Foreign Affairs.

  • Engicon lands Jordan partnership

    Engicon has signed an MoU with the JPMC for a water treatment plant.

    Engicon will supply, develop, and operate a phosphate water treatment plant in El-Sheidiyah mines

    The treated water will be used for purposes of industry and agriculture, aimed to improve and preserve the region's ecosystems

  • OTO gets $3m from MEVP and Derayah

    It is the 'largest seed' raised by a MENA SaaS firm.

    OTO is currently offering its services in Saudi Arabia, UAE, Kuwait, Oman, Qatar, Bahrain, and Egypt.

    The funding will help the company to grow its customers base across GCC and Egypt.