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DAE 9M net profit $310m

The company said this was a 54.9 percent YoY increase in net profit.

ADNEC to acquire ‘Royal Catering’

Royal Catering has more than 2.500 employees.

PIF sets up sarcc company

The new entity will address growing staff accommodation demand.

Boeing to cut 10% of workforce

The company has projected a large third-quarter loss.

AviLease acquires 9 aircraft from Avolon

AviLease had purchased 13 aircraft from Avolon in 2023.

Qatar re-opens for fully vaccinated international travellers

The new arrangements will also make it easier for citizens and residents of Qatar to travel in and out of...

Abu Dhabi unveils new entry rules, reintroduces night curbs

Abu Dhabi has set out new entry rules that will come into effect from Monday. The emirate also plans to...

Saudi Arabia to remain stable as oil prices boost economy: Fitch

Thanks to a boost it received from higher oil prices, Fitch has revised its outlook for Saudi Arabia from negative...

Lebanese economy in a fix as PM-designate Hariri steps down

Lebanon's prime minister-designate Saad Hariri stepped down Thursday, saying he was unable to form a government, nine months after accepting...

High cost of food, fuel lifts inflation in Saudi Arabia to 6.2%

Accelerated mostly by the cost of food and fuel, inflation in Saudi Arabia has surged to 6.2 percent in June,...

OPEC+ deliberations still on but not supply deal yet: UAE

With the bloc pumping less than needed, prices are set to be volatile, says IEA Oil demand is expected to...

Saudi, UAE reach deal over oil output quotas

Major OPEC producers Saudi Arabia and the United Arab Emirates have reached a compromise in a standoff over crude output...

UAE opens embassy in Tel Aviv in latest normalization move

The UAE opened an embassy in Israel on Wednesday in Tel Aviv's new stock exchange building as part of the...

TotalEnergies gets $34m financing from APICORP, NBF

TotalEnergies has secured a $34 million debt from the Arab Petroleum Investments Corporation and the National Bank of Fujairah (NBF)...

UAE, US review countermeasures to deal with financial crimes

A delegation of UAE banks meets a US Treasury official to discuss issues related to financial crime compliance in combating...

Exclusive: ‘Cheerleaders’ hired to clap during FIFA Cup

Young Arab boys and girls from countries such as Lebanon are being flown to Qatar and paid $800 to cheer...

Company News

Latest News

UAE’s non-oil economy picks up in July, strongest in two years

Latest IHS Markit UAE PMI says firms hoped easing of COVID-19 restrictions and the Expo 2020 later this year would...

IMF officially approves increased lending capacity

The program, which had already been approved by the IMF's executive board in mid-July, will be implemented on August 23

Abu Dhabi cuts procedures to start business by 71 percent

Discussions with stakeholders helped the Abu Dhabi government identify and remove duplicate requirements and modify existing requirements to facilitate the...

Most Read

Jordanian flight, with 133 passengers on board, ‘forced’ to make landing

The airline, without disclosing the reason for early landing of the aircraft, said all the passengers and six crew members...

Israel’s govt approves state budget after three-year impasse

A protracted political crisis under former prime minister Benjamin Netanyahu generated political instability that prevented the passing of a state...

RAK Properties net profit rises 348% to AED120m in H1

Revenues of the UAE-based real estate firm, which is listed on the Abu Dhabi Stock Exchange, grew by 121 percent...