Business
Pfizer lifts 2021 forecasts, sees $36bn in Covid vaccine sales
Pfizer again lifted its 2021 profit and revenue outlook on Tuesday, bolstered by the latest surge in Covid-19 vaccinations, including...
- The drug maker now expects 2.3 billion dosage deliveries of the Covid-19 vaccine in 2021
- Pfizer said higher forecast 2021 results reflects the boost from the Covid-19 vaccine, as well as the performance of Pfizer's broader business
Business
50 Dutch companies arrive in UAE: Water, food, energy on agenda
Representatives of 50 Dutch companies, led by the Dutch Minister for Foreign Trade and Development Cooperation Tom de Bruijn, arrived...
- More than 350 companies operate in the UAE and use the Emirates as a base for the Gulf region.
- More than 350 companies operate in the UAE and use the Emirates as a base for the Gulf region.
Business
Theft of data worries UAE and Saudi residents, says study
Ding launched the second Ding Global Prepaid Index (GPI)in the United Arab Emirates and Saudi Arabia.
- 45% of UAE respondents fear data being collected, 37% in KSA
- 75% of UAE respondents say they have low trust in social media platforms
Business
Sharjah Chamber and Kazakhstan to explore investment opportunities
The Sharjah Chamber of Commerce and Industry (SCCI) and Kazakhstan have discussed ways of benefiting from promising investment opportunities in...
- The chamber recently participated in the "Nur-Sultan Investment and Tourism Forum" organized by Invest in Nur-Sultan Office at Expo.
- Chamber's participation in the forum shows its keenness to explore business avenues abroad, said Abdullah Sultan Al Owais, Chairman of the SCCI.
Analysis
Experts weigh in on Facebook rebranding to Meta
Facebook is currently facing a lot of flak for accusations of bias, and leaked internal documents back them up.
- Facebook has a long history of criticism about users' privacy the content it views
- Today's scandals differ from past instances in the papers leaked from within the corporation
Economy
UAE’s ADNOC reinstates full oil supplies in Dec
It will be the first time since the oil price crash in the second quarter of last year when the...
- It will be the first time since the oil price crash in the second quarter of last year due to the COVID-19 pandemic that ADNOC has not implemented any supply cuts
- Brent crude futures gained nearly 60% since the beginning of the year to hit a near three-year high on Monday
Business
Jazeera Airways posts $39m profit
The airline registered a net profit of KD 11.8 million in the Q3.
- Number of passengers flown in Q3 increased by 361.8% to 302.9 thousand
- Jazeera chairman says that there will be growth in the network in near future
Business
DFM to list 10 new firms
Dubai aims to increase its market volume to AED3trn.
- The Dubai Financial Market has listed 10 government and state-owned companies
- The announcements came during the first meeting of the Securities and Exchange Higher Committee
JNTO opens its first office in Dubai in bid to draw more GCC tourists
Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of...
- Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of them from the Middle East
- As many as 28222 tourists visited Japan from the GCC in 2019, marking an increase of 28 percent from last year
Interview
Despite hurdles, interest in 5G high in MENA
As GCC shifts away from dependence on oil and gas revenues, 5G is set to fuel tech growth and ease...
- 5G subscriptions in the MENA have exceeded 1 million at the end of 2020
- The deployment of a 5G network faces several challenges
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Company News
Latest News
Dubai Investments net rises to $157m
Real estate sector remains one of the key business verticals.
Business
UAE 2023 growth prospects face least risk in Middle East, Africa
Lower oil production, high inflation, tighter monetary policies, increased borrowing costs, and the rising cost of servicing debt continue to...
Economy
Most Read
Business
Empower H1 2023 revenue at $333m
The company’s EBITDA in H1 2023 was US$178 million.
- In the July 2022 to June 2023 period, Empower’s consolidated revenue was US$778 million.
- Empower CEO said the firm continues to expand investments in its portfolio of assets and infrastructure.
Business
Burjeel Holdings H1 net profit $61m
Firm's EBITDA rose 12.7% y-o-y to $127 million in H1 2023.
- Burjeel Holding reported revenue of US$599 million, up 13.9 percent y-o-y during H1 2023.
- The net profit was attributable to robust topline growth and significantly lower finance costs.
Business
ADNOC Drilling posts $446m net profit
The increase was attributed to expansion in fleet and services.
- ADNOC Drilling’s first half revenue increased to $1.4 billion, up 13 percent year-on-year.
- Second quarter revenue grew by 8 percent year-on-year to $724 million and by percent sequentially.