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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.

World hunger surges to 15-year high as COVID-19 stifles food access

As many as 811 million people – about a 10th of the global population – were undernourished in 2020, a...

Qatar takes key step to control own airspace

Qatar said on Tuesday that it has been given a preliminary green light by a UN body on a proposal...

UAE to launch digital currency within five years

The United Arab Emirates will launch its first digital currency by 2026, the central bank of the country said on...

Oman ruler visits Saudi Arabia in his first official overseas trip

Oman’s ruler Sultan Haitham bin Tariq al-Said visited Saudi Arabia on Sunday on his first official overseas trip since assuming...

Middle East asset management industry grows 11% to $1.2trn

The size of the Middle East’s asset management industry grew 11 per cent from 1.1 trillion of Assets Under Management...

Saudi lawsuits threaten to expose US govt secrets

Legal battle between MBS and Aljabri takes a new twist Washington is likely to consider a rare judicial intervention Two...

Syria govt raises bread, diesel prices as crisis deepens

The price of diesel fuel nearly triples and the price of bread doubles The move brings more pain for civilians...

G20 ministers endorse global deal to tax multinationals

A framework for international tax reform, including a minimum corporate rate of 15%, was agreed this month by 131 countries...

Fuelling troubles: Row puts Gulf powers on diverging paths

A public row between Saudi Arabia and the UAE has exposed the steadily diverging paths of once inseparable allies who...

Oil prices rise amid growing demand from India, China

Brent crude oil futures were up $1.43, 1.93%, at $75.55 Prices had dropped early in the week by the collapse...

UAE ranks 1st regionally in UNDP Human Development Report

The UAE has ranked 26th globally and first in the Arab world in the 2021/2022 Human Development Report, which is...

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UAE children aged 3-17 to receive Chinese Sinopharm vaccine

The UAE has decided to inoculate children between the ages of 3 and 17 with Chinese Covid-19 vaccine Sinopharm. Children...

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...

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Saudi economy likely to grow nearly five percent this year

Saudi economy is expected to grow 4.8 percent in 2021 from 2.2 percent last year, according to the estimates of...

UAE among world’s fastest countries in deploying 5G

The latest technology is likely to accelerate the deployment of tech solutions that enable establishment of smart cities, including smart...

Turkey battles forest fires for fourth day

The wildfires broke out on Wednesday across southern provinces, injuring more than 300