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Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

It’s time to recount UAE’s achievements across sectors as the country celebrates its 51st National Day

Beside successfully addressing COVID-19, the country created a distinguished development model covering all political, economic, social, scientific and cultural areas...

Gulf construction market builds on KSA-UAE rivalry

As Saudi Arabia is all set to become the largest construction site in the world, the competition between Dubai and...

Fewer restrictions, fast vaccination give Dubai edge in events sector

The emirate plans to host one of the biggest gas conferences and an African investor summit this year Dubai aims...

Volkswagen to stop sale of combustion engines in EU by 2035

The EU will unveil tougher 2030 CO2 emissions targets and regulatory proposals on July 14 The firm says it will...

Saudi economy to grow much faster: Goldman Sachs

Goldman raises Saudi growth forecast for GDP to 4.5% this year, compared to an earlier 2.5% Kingdom's overall economic activity...

Middle East’s aviation sector may recover to pre-COVID size by 2023

Long-term growth of the Middle East global commercial fleet is forecast to be 4.2% CAGR A survey suggests that MRO...

Yalla Group to buy back shares worth $150-million

The company will use its existing cash balance to buy back shares over the next 12 months It also quashes...

More than AED 4 billion worth of real estate and properties sold in Dubai in week

Around 1,500 real estate transactions made in during one week 120 plots of land, and more than a thousand apartments...

Abu Dhabi makes commercial, industrial activities available for foreign ownership

Abu Dhabi Department of Economic Development believes the decision will attract further foreign investment Department amends law to enable 100...

Saudi Arabia among top 10 in terms of mobile Internet speeds

Recent reallocation of frequency spectrum likely to increase the capacities of radio networks, improve quality of services Country plans to...

How is technology changing the fortunes of Bahrain?

Small island nation Bahrain is spearheading its investment in the technology sector in a bid to position itself as a...

Why Lebanon is pinning hopes on 2018 to revive fortunes?

By Gareth Smyth When Lebanese Prime Minister Saad Hariri took to Saudi television in November to resign and accuse the...

It’s time to recount UAE’s achievements across sectors as the country celebrates its 51st National Day

Beside successfully addressing COVID-19, the country created a distinguished development model covering all political, economic, social, scientific and cultural areas...

Company News

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GCC luxury market grows despite supply chain woes

The GCC personal luxury market will continue to be on a ‘strong growth trajectory,’ Chalhoub Group Chief Strategy Officer (CSO)...

Europe energy market: Will Qatar replace Russia?

The United States has asked Qatar to supply gas to Europe if Russian supplies were disrupted due to Moscow's military...

Policy eyed as Mideast bears brunt of climate change

Disasters caused by climate change since 2000 have killed approximately 2,600 people, affected seven million others, and caused $2 billion...

Most Read

Why few brands lag behind in sustainability game?

The best brands take a cross-functional approach, embedding sustainability within divisions and business units while linking incentives to sustainability targets....
  • Winning brands decide which specific sustainability topics they want to use to actively engage with consumers
  • To bring sustainability messages authentically to consumers, the best brands develop a sensitive consumer-engagement strategy

Inspiring people is ‘a good legacy’: Sheikha Lubna

Sheikha Lubna Bint Khalid Al Qasimi, the first woman to be an Emirati cabinet minister, opens up to TRENDS about...
  • In the UAE, every generation witnesses significant changes, but one constant is the government’s support towards and confidence in youth, said the Sheikha
  • Empowering women and giving them the right opportunities is not new; it had already started since the foundation of the UAE, she added

Global projects to fuel Aramco 2022 growth

The Saudi Arabian Oil Company has outlined a clear strategy to continue to invest in both upstream and downstream segments,...
  • In March, Saudi Aramco said its net income increased 124 percent to $110 billion in 2021, compared to $49 billion in 2020
  • This was the result of higher oil prices, stronger refining and chemicals margins, and SABIC’s consolidation of full-year results