AD Ports Q1 revenue is $494m
Business
GIG to pay $49m in dividends
Business
Google AI research hub in Paris to host 300 experts
The new hub part of a trend for big tech firms to base teams in European centers.
Business
Ipsen expands into MEA with UAE headquarters
The French pharmaceutical firm has inaugurated its new regional headquarters in Dubai.
Audi Middle East H1 sales rise 37%
Audi Middle East has posted a 37% increase in sales in the first half of 2021.
Sharjah Islamic Bank’s profit rises 25.6% in H1
Sharjah Islamic Bank's operating profit increases 25.6% to AED 417.3 million in the first six months
Centara to manage 64-unit Oman hotel
The property in question is Al Hail Waves, and is ISAHC’s third in Oman that Centara will manage.
Indian vehicle ecommerce firm Cars24 enters UAE market
Indian-origin ecommerce platforms for pre-owned vehicles, Cars24, has entered the UAE market after its foray into Australia
Microsoft says Israeli firm sold tool to Arab countries to hack Windows
Microsoft has announced it has identified an Israeli cybersecurity company that sold malware Arab countries, among others, to hack Windows
ADNEC acquires DoubleTree By Hilton London ExCel
ADNEC has added a new hotel to its portfolio: the DoubleTree By Hilton London ExCel.
Dubai Investments buys additional NGI stake
Dubai Investments has acquired an additional 15.19% share of NGI from Emirates NBD Bank.
Griffith Foods and IFFCO joint venture debuts in Middle East
Griffith Foods and the IFFCO Group are launching a joint venture in the Middle East to make and sell food...
Tadawul in deal with SIX Group
The two will deal in Exchange products like cross listing & facilitate investors.
Company News
AD Ports Q1 revenue is $494m
Business
GIG to pay $49m in dividends
Business
Latest News
TAQA income rises to $3.16bn
Business
ICIEC inks deal with SNB
Business
Salik Q1 net profit $74.89m
Business
Tencent Q2 net income $3.6 bn
Tencent last year posted its first decline in quarterly sales since its listing.
Business
Riyad Capital okays 2.5% cash dividend
The SAR 0.25 per unit dividend will be paid to Riyad REIT Fund's unitholders.
Business
Most Read
Business
Yalla Group H1 revenue $152m
The Group posted revenues of $79 million in the second quarter.
- The revenue grew by 2.9% compared to the first half of last year, while the net income in H1 2023 was recorded at AED176.9 million ($48.2m)
- Yalla displayed strong performance in the second quarter of the year where it posted revenues of AED291 million (around $79.2 million)
Business
KIB posts $19.5m net profit
The bank's total operating income reached approximately $115 million.
- The bank's total operating income reached approximately $115 million, a 14% increase compared to the first six months of 2022
- Its investment securities portfolio, focused on high-quality Sukuk, reached $1 billion, a 4% increase from the same period last year
Business
APIC H1 net profit down 39%
Total revenues grew by 7.2% YoY to $590 million.
- Net profits attributed to APIC shareholders in the first half of 2023 reached $11.08 million.
- Total assets increased by 8.74 percent compared to 2022's closing and reached $756 million.