Business

Air Arabia profit falls

Revenue rises despite regional cost pressures

FAB plans $4.08bn rights issue

UAE’s largest bank seeks capital for growth.

flydubai launches new flights

Riga, Salzburg, Vilnius flights begin from Dec

ADNOC Gas Q3 profit $1.34bn

Stronger earnings support higher full-year outlook

Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

69 percent firms operating in Business Bay commercial: Report

Number of businesses operating in Business Bay reach 17,893 General trade tops the list of licenses activities   The number...

8 lakh millionaires in Middle East have $3.2 trillion wealth

Across the region, the population and wealth of HNWIs witnessed a growth of 13.2% and 17.2% The number of millionaires...

Bezos to exit as CEO of Amazon

Bezos, 57, was set to hand over the job of Amazon chief executive on Monday to Andy Jassy He will...

Saudi Aramco finance chief who steered listing steps down

 Ziad al-Murshed named as the chief financial officer The IPO was a key part of the plans to open up...

BisB launches redesign with the Riffa Innovation Hub

The Hub has a digital floor with self-service machines and digital services Customers can do card-less cash withdrawals or deposits,...

Saudi Arabia set to launch new airline targeting international flyers

The new airline is expected to carry people between nations within the region like Emirates, Qatar Airways Saudi airlines mostly...

Emirates’ deal with Travelport could make flights cheaper

 Emirates will distribute its NDC content via Travelport+ The firms also extended their longstanding IT agreement Dubai-based carrier Emirates was...

Swimmable billboard in Dubai to promote swimwear collection

The billboard is made of reinforced transparent acrylic It took a team of team of 32 people to build the...

Dubai Chamber board adopts 90-day plan for business growth

The event  eyes 100,000 business leaders Key challenges facing companies discussed The newly formed board of Dubai Chamber of Commerce...

Expo 2020 Dubai tickets to go on sale on July 18

One-day tickets will cost AED95 ($26), multi-day tickets AED195 ($53), and season passes AED495 ($135) The multi-day passes will give...

HMG 2023 net profit $544m

The rise was due to the hospitals and pharmacy segments.

Company News

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Meta challenges OpenAI and Google with open-source Llama

The new, more powerful version of Meta's model, called Llama 2, would be available to any business for download or...

EdVentures and VMS partner to propel EdTech industry in the MENA region

Dubai, UAE - EdVentures, an Edtech corporate venture capital firm in the MENA region, has announced a strategic partnership with...

Dubai Chambers to host two-day event in November on global trade

Dubai, UAE-- Seeking to forge partnerships around the world, Dubai Chambers will host a two-day event in November this year...

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Sharjah nurturing publishing sector for five decades

“Sharjah has hosted the world’s largest book fair in terms of buying and selling of copyrights, developed pioneering business solutions...
  • Sharjah Book Authority's contributions remain crucial in achieving cultural goals, says SBA Chairperson Sheikha Bodour Al Qasimi
  • Sheikha Bodour emphasizes the vision and need to build Sharjah as a global beacon of knowledge, creativity, and innovation

Sharjah records first half real estate deals worth $3.65 billion

The city of Sharjah accounted for the largest (3,794) share of the transactions.
  • A total of 40,483 transactions took place in the first half of 2023, and the value of real estate mortgages amounted to AED4.1 billion ($1.12bn)
  • The number of sales transactions in the various regions of the emirate during H1 2023 reached 4,187 transactions, with a value of AED5.7 billion ($1.55bn)

Saudi Arabia’s exports to Turkey hit $13.93 billion in three years

Riyadh, Saudi Arabia -- Saudi Arabia’s exports to Turkey during the past three years amounted to SAR 52.280 billion ($13.93 billion),...
  • Saudi exports largely comprised plastics, metal products, organic chemical products, steel, precious metals and stones.
  • A total of 1,140 companies Saudi companies have invested in several sectors in Turkey, with investments surpassing $18 billion.