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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.

Beirut blast victims’ relatives rally for probe judge

Families of victims killed in the 2020 Beirut blast rallied to support the judge probing the disaster, after he was...

CEOs of listed Saudi firms resign in unusual numbers

At least 26 CEOs have resigned from the listed companies of Saudi Arabia in just last six months as the...

WHO urges action to suppress Covid before deadlier variants emerge

The highly-transmissible variant, first detected in India, has now surfaced in 132 territories and is partly to blame for an...

Muammar Gaddafi’s son suggests he may run for president in Libya

He spoke in a rare interview, given to the New York Times at an opulent two-storey villa inside a gated...

Dubai to lower, waive off fees on govt services to boost growth

In order to give a fillip to economic activity in Dubai, its government will lower and in some cases completely...

Foreign investors help DFM post $10.56m net profit in H1

The net profit of the Dubai Financial Market hit AED 15.3 million in the second quarter of 2021 compared to...

Saudi Arabia to reopen to vaccinated tourists from Aug 1

The move comes after a 17-month closure due to the coronavirus pandemic. However, Riyadh did not announce any lifting of...

Etisalat reports $1.2 billion net profit in H1 2021

Following the impressive performance, the UAE's leading telecommunications company said it will distribute interim dividends of 40 fils per share...

Saudi public-private alliance to launch $15b tech fund

In order to advance the digital infrastructure in the kingdom, Saudi Arabia will launch a $15 billion technology fund in...

Dubai-based Swvl to go public through $1.5bn SPAC deal

The company has signed a merger deal with Queen’s Gambit Growth Capital, the first special purpose acquisition company (SPAC) led...

On-campus workers must be vaccinated, say Google, Facebook

Spikes in infections due to a Delta variant of the virus have ramped up concerns in the United States, where...

Beirut blast victims’ relatives rally for probe judge

Families of victims killed in the 2020 Beirut blast rallied to support the judge probing the disaster, after he was...

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Latest News

Have Pandora papers jeopardized Lebanon aid?

The country is already reeling under the impact of its worst-ever economic crisis, shutting down of power stations due to...

Dubai Police carries out region’s largest drug bust

The Dubai Police have arrested a man they say had smuggled 500 kg of pure cocaine, which has a street...

UAE to punish extortion demands on web with prison sentence of up to two years

Anyone guilty of making a threat to another person on the web will get a prison sentence of up to...

Most Read

Saudi gang gets 20 years in prison for laundering $4.5bn

A Saudi court sentenced twenty four Saudis and foreigners to up to 20 years in prison for laundering nearly $4.50...
  • Group of 24 Saudis and expats channelled illicit funds through factories, companies, institutions and medical clinics
  • The court said the group carried out their criminal operations within an organized framework, under the cover of commercial facilities

Five cities poised to become GCC tech hubs

As part of economic transformation, some Gulf countries seek to achieve targets in digital transformation via long-term plans such as...
  • The UAE has become a technological leader in hosting the world's largest event, Expo 2020 Dubai.
  • In February 2021, 24 global firms had signed agreements to open regional offices in Riyadh.

Police rescues Egyptian boy from kidnappers

The Egyptian boy snatched from his mother by two masked men while buying grocery has been reunited with parents, after...
  • Video footage captured the terrifying moment two men snatched an eight-year-old boy from his mother’s side on an Egyptian street and bundled into a car
  • his desperate mother falling to the floor as she tried to stop her son’s captors from escaping