solutions by stc, Devoteam ink MoU
The aim is to foster avenues for collaboration in technology.
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e&, Vodafone form relationship
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Nissan 2022 profit $1.6bn
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stc Q1 revenue $4.84 billion
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Amazon targets net-zero carbon in new Mena projects
Amazon's Climate Pledge aims to achieve net-zero across its businesses by 2040 The projects are expected to come up Saudi...
Schneider Electric partners with Hewlett Packard in Egypt
The new alliance enables Schneider Electric to foray into new markets, sectors The alliance targets corporations and professionals in system...
Dubai’s Emaar may raise $500 million via Islamic bonds
The builder of the world's tallest building, Dubai's Burj Khalifa, last issued international bonds in 2019, raising $500mln via sukuk...
Aramco awards East-West Pipeline compounds contract to special-purpose vehicle
Saudi Aramco has signed a deal for the construction of six residential compounds along the 1,200-km East-West pipeline The contract...
GE to develop Iraq’s power infrastructure, promote clean energy
GE will help Iraq develop power infrastructure It will also promote clean energy in the country General Electric (GE) will...
Ooredoo penalized for violating communications authority rules
Financial Sanctions of 3.5m Qatari Riyals imposed on company for refusing access to its facilities, violating CRA rules Ooredoo's violations...
Dubai property market may be on a roll soon
The developer has reported a surge in pre-sales in the UAE to $2.85 billion S&P Global Ratings give Emaar Properties...
IHC to become Abu Dhabi’s most valuable firm after unit lists
The company reported a first-quarter profit of Dh1.5 billion, up from Dh112.2 million a year earlier Its shares rose 15...
Batelco revamps 5G packages for businesses
The enhanced packages, the company said, "deliver speeds 6 times faster than 4G" Batelco is also providing a 5G outdoor...
Korea Pavilion appoints K-pop band Stray Kids as ambassador at Expo 2020 Dubai
Stray Kids is one of the more popular K-pop bands, with 34 million social-network followers globally It recently won the...
Company News
Tabreed Q1 net profit $64.37m
Business
Aramex Q1 net profit down 49%
Business
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Foxconn Q1 profit dips 56%
Business
e&, Vodafone form relationship
Business
Nissan 2022 profit $1.6bn
Business
AD Ports Q2 revenue grows 66%
The company attributed growth to increased volume across key sectors.
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Business
Agility posts Q2 earnings of $46m
Net profit was affected by higher interest rate.
- For the first six months of 2023, Agility’s net profit stood at US$95.5 million.
- There was an increase in debt for financing the firm’s acquisitions last year.
Business
RSG, Zain build carbon-neutral 5G network
The network runs on clean energy from world's largest carbon-neutral grid.
- This is made possible through the utilization of more than 750,000 solar panels, as well as through the implementation of purpose-designed towers for this network.
- RSG is the multi-project developer behind the ambitious regenerative tourism destinations, The Red Sea and Amaala.
Business
TAQA H1 net income $3.67bn
The group revenues were AED 26.8 billion, 5% higher than H1,2022.
- The higher revenues were attributed primarily to higher pass-through bulk supply tariffs and transmission use of system within the Transmission and Distribution segment.
- The company announced second interim cash dividend for the year of 0.65 fils per share (approximately AED731 million).