KEZAD Group, Al Ghurair Group’s APT ink lease pact to set up manufacturing facility
ABU DHABI, UAE – Khalifa Economic Zones Abu Dhabi (KEZAD Group) and Al Ghurair Group subsidiary Automotive Precision Technology (APT)...
Business
DEWA commissions 3 new substations costing $11.70m
Courtesy DEWA, World Bank says firms in UAE can get electricity in the shortest time in the world
Emirates launches new passenger service to Miami
Emirates flight EK213 was welcomed by Miami International Airport with a water cannon salute, and drew in an audience of...
L&T wins contract for 132/11kV Dubai substation
L&T’s construction arm has won several orders in India and abroad, including one for a 132/11kV power substation in Dubai
Generator business thrives in Iraq amid power cuts
Private generator business is about $6-$10 billion, each household spends on average $100-200 per month on electricity
Windward launches tool to track containers worldwide
Israel-headquartered firm Windward has launched a system that provides live-screening and tracking of containers
Haifa Group taps KBR for expansion of 2 nitric acid plant in Israel
Haifa Group has contracted KBR to expand the capacity of two nitric acid plants in Israel by 35%
Monthly rent in Kuwait can eat up 38 percent of your income
Average monthly rent for a three-bedroom apartment in Kuwait is about 475 KD ($1579), according to a survey by a...
Majority of employees worldwide want flexible working to continue: WEF
30 percent of 12,500 employes in 29 countries say they would look for another job if forced to go back...
Saudi Arabia gets tougher on shadow economy
Following the introduction of an anti-concealment law early this year, Saudi Arabia has stepped up its efforts to crack down...
Sharjah date festival to have prizes worth $408k this year
The fifth edition of the Al Dhaid Date Festival will start on Thursday with prizes worth AED1.5 million (around $408,300)
KEZAD Group, Al Ghurair Group’s APT ink lease pact to set up manufacturing facility
ABU DHABI, UAE – Khalifa Economic Zones Abu Dhabi (KEZAD Group) and Al Ghurair Group subsidiary Automotive Precision Technology (APT)...
Business
Company News
DIB Q1 profit up
Business
Latest News
Aramco buys 10% stake in Chinese petrochemical firm for $3.4 billion
The Saudi energy giant unveiled plans in March to acquire the stake in Rongsheng Petrochemical, valued at $3.4 billion. The...
Business
Security, trust: Tech titans promise watermarks on AI creations
Representatives from Amazon, Anthropic, Google, Inflection, Meta, Microsoft, and OpenAI were to join US President Joe Biden later Friday to...
Geostrategy
Dates exports from Saudi Arabia hit $342m in 2022, marking a 5.4% surge
Riyadh, Saudi Arabia - Saudi Arabia exported 321,000 tons of dates in 2022 worth 1.28 billion Saudi Riyals ($342 million),...
Business
Most Read
Business
FAB H1 2023 net profit $2.2bn
It is highest ever profit achieved by FAB in a half-year.
- Return on Tangible Equity (ROTE) increased substantially to 18.6 percent as of June-end 2023.
- Strong capital accretion lifted group Common Equity Tier 1 to 13.6 percent as of June-end 2023.
Business
AD Ports Group, CMEC ink MoU
The two companies will explore opportunities globally.
- The two companies will cooperate in various fields including global industry and infrastructure development, financing, building.
- The agreement will be valid for three years and will focus on achieving complementary advantages, sharing resources.
Business
Volvo Cars Q2 net profit $342m
Firm in profit despite high inflation, rising interest rates.
- Volvo Cars reported a 25 percent increase in retail sales, with 178,800 units sold in the second quarter.
- Central banks have been raising interest rates in efforts to cool consumer price increases.