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SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

World’s first Warner Bros. themed hotel nearly complete

The $112m hotel set to open this year in Yas Island It will be operated and managed by Hilton under...

Qatar Investment Authority deals a blow to Credit Suisse, lowers stake

The QIA now hold a below five-percent stake in the Swiss bank Earlier it held about 133 million shares, making...

Maersk to build petrochemicals hub at King Abdullah Port

The port aims to provide logistics services for petrochemical exporters Maersk is investing in 100,000 sq m of warehousing space...

WPP teams up with Tihama to form a Saudi media joint venture

WPP and Tihama join hands to form a new Saudi media joint venture WPP will have 70 percent stake in...

UAE, Austria sign deal to spare tax payers of double taxation

  The agreement was previously signed between the two countries in September 2003 Both parties aim to avoid double taxation...

Emirates Mars Mission images offer new insights into planet’s atmosphere

Courtesy images, detailed and clear observations have been made globally for the first time Observations go above and beyond the...

Renewables grew fastest in two decades in 2020: IEA

IEA has said renewable sources of energy grew at their fastest clip in 2020 in this millennium The world added...

Oman, India vow to boost defense ties with two agreements

Defense ties between Oman and India deepen as the two countries sign two agreements on military matters The cooperation will...

UNHCR asks countries to share refugee burden, not externalize it

On the 70th anniversary of the 1951 Refugee Convention, UNHCR has urged bigger economies against passing the refugee burden down...

Morocco to acquire two Italian multipurpose frigates

The vessels Morocco is interested in are European multi-purpose frigates, better known as FREMM, an acronym derived from their French-language...

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Tunisia’s welcomes migrants in impoverished south

The Organisation for the Support of Migrants runs French and sewing classes for migrants  Over the last decade, the number...

Egypt upset as Ethiopia starts second phase of filling mega-dam on Nile River

The Grand Ethiopian Renaissance Dam has been a source of conflict between Addis Ababa, Egypt and Sudan since construction began...

31 percent of all Middle East travel destinations closed: UNWTO

Digital solutions, vaccination to ease travel restrictions 29 percent of all destinations worldwide closed for international tourism About 31 percent...

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Saudi Arabia to create 40,000 jobs for its nationals

Job creation is part of Saudi strategy to help residents obtain high-quality jobs The strategy seeks to push more Saudi...

World’s first Warner Bros. themed hotel nearly complete

The $112m hotel set to open this year in Yas Island It will be operated and managed by Hilton under...

Qatar Investment Authority deals a blow to Credit Suisse, lowers stake

The QIA now hold a below five-percent stake in the Swiss bank Earlier it held about 133 million shares, making...