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Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

Rockwell Automation opens first training center in Egypt

Rockwell, a Fortune 500 company, recently acquired software provider Plex Systems Inc in an all-cash transaction that was valued at...

Jordan’s online learning platform Edunation raises $3 million

The funding round was led by US investor Rubix The latest capital infusion will help the firm improve its operations...

Egis names Bob Hope as MD for Saudi Arabia

Hope brings over 15 years of experience in the region to Egis Globally, Egis has around 16,000 professionals generating over...

Blue hydrogen market will only take off after 2030: Aramco tech chief

Aramco tech chief says blue hydrogen production can’t be scaled up before 2030 He believes it works very similar to...

Countingwell launches operations In Middle East and Africa

The app will be initially available in UAE, Kuwait, Oman, Qatar, Saudi Arabia, and Bahrain. Countingwell today serves schools and...

Smart robot enters service to sterilize Grand Holy Mosque in Mecca

They have a capacity of 23.8 liters of sterilizers with a consumption rate of 2 liters per hour to eliminate...

Sheraton appoints a celebrity chef for its property in Amman

  The Portuguese native has built his career through assignments at various international restaurants and hotels across the world The...

Ras Al Khaimah ranks third on World Bank’s ‘enforcement of contracts 2021’

Crown prince of Ras Al Khaimah attributes the achievement to president Sheikh Khalifa bin Zayed Al Nahyan's support 

Lebanon MPs fail for sixth time to elect president

Lebanese lawmakers failed for a sixth time to elect a successor to former president Michel Aoun, whose mandate expired last...

Company News

Latest News

Truckmaker Scania pauses production over chip shortage

This week's suspension is Scania's first since the coronavirus pandemic forced a production halt in April 2020

Emirates to provide extra baggage for Lebanon-bound customers

Customers can avail the additional baggage allowance for travel booked on emirates.com, Emirates sales offices, via travel agents as well...

UK moves UAE from red list to amber, eyes boost in travel sector

The UK government announced on Thursday that the UAE will be moved from the red to the amber list, as...

Most Read

Dubai RTA got $723m in revenues via digital platforms in 2020

The RTA’s Director-General Mattar Mohammed Al Tayer said this revenue came from just the authority’s e-payment portal and smart kiosks.
  • The number of digital transactions reached 527.146 million throughout 2020
  • The number of registered users on digital platforms hit 2.162 million, and the number of smart-app downloads was 6.136 million

Dubai realty sales: Apartment in Marsa sold for $110m

88 plots of land sold for AED 620.22 million, and 1,135 apartments and villas were sold for AED 2.27 billion.
  • 88 plots of land sold for AED 620.22 million, and 1,135 apartments and villas were sold for AED 2.27 billion
  • The highest number of sales worth AED 66.09 million were recorded in Nad Al Shiba

Kuwait records realty deals worth $1.3 billion in June

Al Ahmadi Governorate accounted for 67.7 percent of the 1,271 deals, followed by Hawalli and Jahra governorates.
  • Al Ahmadi Governorate accounted for 67.7 percent of the 1,271 deals followed by Hawalli.
  • The value of real estate transactions in June 2020 was only KD77 million.