KEZAD, Emtelle ink agreement
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EGA posts $2 billion profit
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Majid Al Futtaim profit down 2%
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SLG to build $54m facility
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Saudi EXIM, SINOSURE ink MoU
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Alpha Dhabi posts $2.88bn profit
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ADIB finances Rasmala for Tesco supermarket acquisition
The property, constructed in 2012, extends to 100,365 sq ft ADIB offers Sharia-compliant property financing solutions Abu Dhabi Islamic Bank...
ADGM Office of Data Protection signs MoU with Jersey Data Protection Authority
The MoU will help protect the personal data of individuals in both jurisdictions ADGM recently updated its data protection framework ...
Saudi companies spend 7% of the country’s GDP on Capex
Saudi companies invested around $47 billion in 2020 on their Capital Expenditure The move to leverage opportunities to diversify economy...
Red Sea International appoints Khalid Fagih as MD and CEO
RSI banking on Khalid's 26-year track record to catapult its operations by developing products and services, improving performance Company had...
Telal Gents Fashion achieves Guinness World Record for largest mobile clothing store
UAE-based Telal Gents Fashion has set a Guinness World Record for the largest mobile clothing store The company converted a...
Saudi King Abdullah Port names new CEO
Jay New is an industry veteran with a 20-year career in the ports and shipping He will oversee the day-to-day...
Emirates notches up “Best Airline Worldwide’ award, eighth in a row
It also bags ‘airline with the best first class’ and “the best economy class” awards too To maintain its industry...
Rashad Al Shaikh is OAB’s new Head of Retail Banking Division
The decision is result of Al Shaikh's successes as acting head in the digital retail banking Al Shaikh has an...
Noor Al-Sulaiti is new Ooredoo CEO
Al-Sulaiti took over from Ian Dench who resigned recently She was earlier the CEO of Starlink, an Ooredoo Group subsidiary...
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Trafigura to receive $135m loan
Business
KEZAD, Emtelle ink agreement
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EGA posts $2 billion profit
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Majid Al Futtaim profit down 2%
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stc to sell stake in CCC
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SLG to build $54m facility
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Alpha Dhabi posts $2.88bn profit
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East Pipes, Banque Saudi Fransi ink pact
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QatarEnergy, ENOC sign supply pact
QE will supply up to 120m barrels of condensates to ENOC from Jul.
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Business
Saudia raises seat capacity by 10%
The number of domestic, international flights will rise.
- This would be a 10 percent increase in the number of seats on a year-on-year (YoY) basis, the airlines said in a statement.
- Saudi Arabian Airlines said that more than 4.2 million seats would be added to international flights.
Business
Volkswagen to test self-driving cars
Commercial launch of self-driving vehicles is planned for 2026.
- The vehicles will collect data during the trials and, in the initial test phase, will have human safety drivers, VW said.
- "Moving into this next phase will help us test, validate and refine technology," said Christian Senger, a Volkswagen official.
Business
Verition opens office in DIFC
MENA is an important market for Verition.
- Verition’s strategic positioning of its Dubai headquarters gives it access to DIFC’s financial and innovation ecosystem
- Verition has a broad international footprint with offices in Greenwich, New York, London, Singapore and Hong Kong.