solutions by stc, Devoteam ink MoU
The aim is to foster avenues for collaboration in technology.
Business
Barclays Q1 net profit at $2.2bn
Business
Gulf bank Q1 net profit $56.50m
Business
NBF Q1 net profit up 151 percent
Business
Xlinks secures $37m funding
Business
GSK Q1 profit dips
Business
Amanat acquires stake in Sukoon
Business
Sahara Q1 net profit $125m
Business
Saudi Arabia allows a Spanish solar power firm to set up plant in the kingdom
PV Hardware Middle East will manufacture trackers, mounting structures, and cleaning robots for the Saudi solar market
Delivery of 500 condos built by Azizi Developments will be made next month
The residential units comprise 334 studios, 48 one- and 94 two-bedroom apartments, and 10 spacious, luxurious sky villas The condominiums...
Alpha Dhabi Holding acquires key UAE hospitality group
Murban is a leading investment company based in Abu Dhabi with Dh1.7 billion in equity The acquisition will help accelerate...
ADNOC raises $1.64 bn from share, bond offering
The Combined Offering results in proceeds of $1.64 billion for ADNOC ADNOC will retain at least a 70 percent strategic...
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...
solutions by stc, Devoteam ink MoU
The aim is to foster avenues for collaboration in technology.
Business
Company News
TotalEnergies Q1 profit up 12%
Business
Barclays Q1 net profit at $2.2bn
Business
Gulf bank Q1 net profit $56.50m
Business
NBF Q1 net profit up 151 percent
Business
Latest News
Boeing Q1 loss $425m
Business
Xlinks secures $37m funding
Business
GSK Q1 profit dips
Business
Amanat acquires stake in Sukoon
Business
Alibaba quarterly revenue up 14 percent
Alibaba's revenue amounted to 234.1 billion yuan ($32.5 billion).
Business
SoftBank Group Q1 loss $3bn
The investment giant was hit by a drop in the share prices of major holdings.
Business
Most Read
Business
Siemens Energy posts Q3 loss
The group expects full-year net loss of around $4.94bn.
- The latest result was dragged lower by extra charges of 600 million euros in its offshore wind business.
- Siemens Energy said it was "additionally burdened" by a 700-million-euro write-down of deferred tax assets during the quarter.
Business
Toshiba readies deal to go private
The 14bn deal comes after years of turmoil for the company.
- The Japan Industrial Partners-led consortium taking control in the nearly two trillion yen deal includes 17 Japanese firms and six Japanese banks.
- In March, Toshiba said the tender offer will be called off if the consortium fails to buy at least 66.7 percent of the outstanding shares.
Business
PIF sets up SRJ Sports Investments firm
The investments are expected to localize partnerships.
- The new company will target businesses specialized in offering unique fan engagement activities and transformative sports technology.
- This firm will help bolster Saudi Arabia’s position as one of the world’s leading sports and entertainment destinations.