Air Arabia 2023 net profit $408m
The firm recorded a 27 percent rise in profit compared to 2022.
Business
Aramex Q1 net profit down 49%
Business
Foxconn Q1 profit dips 56%
Business
Emaar marks sukuk listing with bell
Emaar Chairman rings Nasdaq Dubai bell to celebrate $500m Sukuk listing.
Virgin Galactic falls back to Earth
Virgin Galactic has filed documents to sell as much as $500 million in shares.
Saudi food giant Savola acquires UAE’s Bayara
Saudi Arabia’s Savola Group has signed a deal to acquire UAE’s Bayara Holding for $260 million.
Dubai’s Shuaa plans SPACs worth $600 million
Shuaa Capital plans to set up three blank-check companies of around $200 million each.
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...
UAE kitchen firm Kitopi’s valuation crosses $1 billion
The Dubai-based cloud kitchen company Kitopi has crossed $1 billion in valuation, its CEO has said Its valuation went up...
DP World acquires US-based logistics provider
DP World has announced the acquisition of 100 percent of syncreon for an enterprise value of US$1.2 billion. This transaction...
TikTok users can now post videos up to 3 minutes
Option to post longer videos will roll out in the coming weeks TikTok has more than 1 billion users worldwide;...
Travelport agencies won’t have to pay Emirates’ GDS surcharge
Emirates NDC content will be distributed via Travelport+ platform GDS booking surcharge ranges between $14 and $25Â Travel agencies connected...
Logistics company Shipsy sets up Dubai HQ
The firm plans to recruit for leadership and mid-level management roles in the sales department and build new channel partners...
Company News
TAQA income rises to $3.16bn
Business
ICIEC inks deal with SNB
Business
Salik Q1 net profit $74.89m
Business
Latest News
Tabreed Q1 net profit $64.37m
Business
Aramex Q1 net profit down 49%
Business
KIB posts $19.5m net profit
The bank's total operating income reached approximately $115 million.
Business
Most Read
Business
Estithmar opens branches in Iraq
Two subsidiaries of the Qatari firm open two branches.
- Elegancia Healthcare, established a branch in Iraq in line with the memorandum of understanding that was signed recently to manage and operate several soon-to-be-opened hospitals.
- Estithmar Holding told Qatar News Agency that it signed agreements with the Iraqi investment authority worth $7 billion that includes real-estate and tourism development.
Business
AD Ports Q2 revenue grows 66%
The company attributed growth to increased volume across key sectors.
- On a like-for-like basis (LFL), which excludes the impact of M&A activity, the revenue growth was still significant, reaching 44 percent YoY
- The growth drivers were primarily the Maritime Cluster with a substantial 208 percent YoY increase, followed by the Digital Cluster with 26 percent
Business
Ma’aden, BADC ink agreement
Firm to supply 600,000 tons of fertilizers to BADC.
- The renewal is further proof of the company’s commitment to meet global market demand for phosphate fertilizers.
- Ma’aden supplies approximately 42 percent of Bangladesh’s estimated requirement of diammonium phosphate.