ADGM’s Registration Authority fines two firms for audit failings
ABU DHABI, UAE – The Registration Authority (RA) of Abu Dhabi Global Market has fined Baker Tilly Middle East Limited...
Geostrategy
Asian markets up, Tokyo hits record as US tech earnings jump
Hong Kong, China - Asian markets rose on Thursday, with Tokyo's benchmark index posting a record high after greater-than-expected earnings from...
Business
Business
Gulf Craft expands footprint in Europe
Growing order book resulted in a 42 per cent uplift in H1 2021
- The company has added eight new distribution partners across 12 countries in Europe
- Growing order book resulted in a 42 per cent uplift in H1 2021
Business
Gulf Air to start flights to Tel Aviv
The airline will operate two weekly flights from September 30
- The announcement follows the signing of political, commercial and civil aviation agreements between Bahrain and Israel
- The airline will operate two weekly flights from September 30
Business
Etihad to fly to Saudi again
In a statement to Arabian Business, the carrier confirmed that passenger flights would recommence between Abu Dhabi and Saudi Arabia...
- In a statement to Arabian Business, the carrier confirmed that passenger flights would recommence between Abu Dhabi and Saudi Arabia from Saturday
- The move comes after the kingdom relaxed its travel regulations this week, with the UAE, South Africa and Argentina all removed from its ‘red list’ of destinations
Business
Jazeera Paints to offer ‘cold plastic’ paint
Centrecoat Methyl Methacrylate (MMA) is recommended for marking traffic signs and signals on public and private roads as well as...
- Centrecoat Methyl Methacrylate (MMA) is recommended for marking traffic signs and signals on public and private roads as well as parking areas
- The product is known for its resistance to friction, UV rays, and other environmental stressors
Business
Facebook, Ray-Ban debut ‘smart’ shades
Facebook is wading into a market that has already seen 2013's Google Glass, which sparked a privacy backlash over built-in...
- The "Ray-Ban Stories" shades can take pictures and video upon the wearer's voice commands, and the frames can connect wirelessly to Facebook's platform through an app
- Notably, the Ray-Ban Stories glasses will not have augmented reality features -- technology that can mesh online computing with visual cues such as mapping or face recognition
Abu Dhabi’s Yahsat to use SpaceX for its satellite launch
Yahsat, the Abu Dhabi’s satellite company, has picked up SpaceX to launch its next generation Thuraya communications satellite in the...
- Next Gen satellite to be launched in 2023
- SpaceX’s Falcon 9 was selected primarily due to its high reliability and advanced capabilities
Emirates to restart flights to Saudi Arabia and St. Petersburg
Emirates will restart flights to Saudi Arabia and St. Petersburg in Russia with demand for travel rising as the Covid...
- Saudi Arabia has recently lifted the travel ban on UAE and allowed its citizens to travel to the emirates starting September 8
- From October 8, flights between Dubai and St. Petersburg will operate four times a week, with services expected to increase to daily from October 21
Dubai unveils Expo 2020 ‘passport’ for visitors
Visitors to Dubai’s Expo 2020 will be required to buy a 50-page booklet, passport, that would keep tabs of an...
- Booklet to keep a record of pavilion visits during entire 6-month event
- It is available for purchase at 20 dirhams ($5.45) from all Expo 2020 Dubai stores spread across the site
Aramex likely to buy out Turkish MNG Kargo for $500m
Aramex, the Dubai-listed courier agency, is in talks with MNG Kargo, the Turkish delivery company, to buy it completely for...
- The potential deal comes at a time when relations between regional rivals the United Arab Emirates and Turkey are showing signs of improvement
- One of the sources said the talks were at an advanced stage and a second said the pair were engaged in due diligence
Business
Adnoc Drilling eyes $86m rigs
Adnoc, Adnoc Drilling, and H&P have formed an alliance for this.
- The rigs are expected to be delivered and commissioned in stages over a 12-month period
- The process is subject to acceptance upon successful completion of a final inspection on customary terms and conditions
ADGM’s Registration Authority fines two firms for audit failings
ABU DHABI, UAE – The Registration Authority (RA) of Abu Dhabi Global Market has fined Baker Tilly Middle East Limited...
Geostrategy
Company News
Beema’s Q1 profit soars
Business
e& profit at US$600mn in Q1
Business
Latest News
Pfizer Q1 profit at $5.5bn
Business
Aldar Properties Q2 net profit $353m
Aldar recorded AED 2.1 billion in net profits for the first half of 2023.
Business
Saudi Arabia real GDP grows 1.1 percent in Q2 2023
RIYADH, SAUDI ARABIA - The real GDP of Saudi Arabia grew by 1.1 percent in the second quarter of 2023,...
Economy
UK to issue hundreds of new oil and gas drilling licenses in North Sea
The announcement has angered environmental groups and comes amid an internal debate within the ruling Conservative party on green policies....
Geostrategy
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Geostrategy
UAE oil giant ADNOC pledges to ‘accelerate’ zero-carbon plan
ADNOC "is accelerating its decarbonization plan to advance its net-zero ambition to 2045, compared to its previous target of 2050,"...
- ADNOC said it has "reduced its greenhouse gas emissions" by about 5m tons in 2022, mostly through the use of solar and nuclear energy, to power all of its onshore operations.
- ADNOC CEO Sultan Al Jaber, who will head up COP28, has argued that fossil fuels will continue to play a key role, and that carbon capture technologies will contain emissions.
Business
Aldar expands into Dubai, Bahrain
The company announces $95 million investment for expansion.
- This investment adds to the initial commitment of AED 1 billion announced last year, Aldar said in a statement.
- The acquisition of Kent College Dubai and Virginia International Private School will expand Aldar Education’s presence in the UAE, the company said.
Business
National Leasing’s profits hit $2.37m
A jump of 28 percent in net profit vis-a- -vis H1 2022.
- National Leasing Holding was established in 2003
- It was listed on QSE in 2003 with a capital of $135.9 million.