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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.

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...

Emirates NBD’s first half profit rises 17% to Dh4.8 billion

Total income of the Dubai’s largest bank has jumped 9 percent over the preceding half year due to a marked...

Rich-poor gap widening due to unequal vaccine access: IMF

Advanced nations have vaccinated nearly 40 percent of the population, compared to barely 11 percent in emerging markets and a...

Palestinian killed by Israeli forces in West Bank: Palestinian authorities

Shadi Omar Lotfi Salim, 41, was shot dead near the flashpoint Palestinian village of Beita, the Palestinian health ministry said

Egypt’s economy to grow 5.2 percent in current fiscal: IMF

Egypt’s economy is expected to grow 5.2 percent during the current fiscal, compared to a projected growth rate of 2.8%...

Automotive plastic sales to cross $9.5bn this year

Increasing demand for commercial and passenger vehicles and flourishing automotive export industry are primary factors propelling the market growth, according...

US condemns Houthi missile attack on Saudi Arabia

The US has issued a swift condemnation of the latest Houthi attack on Saudi Arabia with a ballistic missile and...

Tesla quarterly profits top $1 billion for first time

Record deliveries of electric cars during the period allowed Elon Musk's company to garner earnings of $1.1 billion in the...

Biden meets Kadhemi, calls for end to Iraq combat operations

With the Iraqi PM at his side, US president said that his country is "committed to our security cooperation" and...

Two-thirds of UAE workers loyal to their employers: Survey

Basic salary, additional benefits offered by the company and senior leadership are the top three factors perceived to impact employee...

Qatar FM in Iran just days after US visit; calls for stronger regional ties

Sheikh Mohammad bin Abdulrahman Al-Thani, who is also Qatar's Deputy Prime Minister, and Iran's president-elect Ebrahim Raisi discussed bilateral cooperation...

Middle East children are at grave risk in cyberworld

Across the region, parents struggle to shield children from unsavory elements prowling the cyber world, as risks grow with the...

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Money laundering rose during Covid-19 pandemic, says UAE Central Bank

The Central Bank of the United Arab Emirates has disclosed that there has been an increase in the laundering of...

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...

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...

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16,000 held in five days for violating Saudi laws

In a wide crackdown against offenders violating various laws of the kingdom, Saudi Arabia has arrested 16,000 people for contravening...
  • The authorities transferred 58,317 offenders to their respective diplomatic missions to obtain travel documents
  • The Ministry of Interior said that whoever facilitates the entry of violators to the Kingdom, transports them or provides shelter or any other form of support will face imprisonmen

Drugs seized at Dammam airport

Alert officials of the Zakat, Tax and Customs Authority at King Fahd International Airport in Dammam have seized more than...
  • The authority said that smugglers are “seeking to exploit everything” to smuggle drugs into Saudi Arabia
  • The authority said that smugglers are “seeking to exploit everything” to smuggle drugs into the Kingdom

GCC seeks to tap green hydrogen demand

The GCC countries see hydrogen as a key factor in fuel transition and have drawn up plans to export green...
  • UAE first in GCC to reduce emissions by 24 percent by 2030 and to 50 percent by 2050
  • GCC countries have plenty of space, sunshine wind energy in some areas