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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.

UN force in Lebanon calls for probe into Irish peacekeeper’s death

The United Nations' peacekeeping force in south Lebanon urged Beirut to ensure a "speedy" investigation into an Irish soldier's shooting...

Tunisian president suspends parliament, dismisses PM

The country's ruling party, the Islamist-inspired Ennahdha, slams the President Kais Saied’s decision to suspend the parliament as unconstitutional and...

Iraq, Lebanon sign deal to swap fuel oil for medical services

Under the deal, Lebanon will receive one million tonnes of fuel oil in exchange for "goods and services", a statement...

NSO Group of Israel ‘complicit’ in rights abuse, says Amnesty

Israel has started a probe into the Tel Aviv-headquartered NSO Group, even as the company itself says it will investigate...

Tunisia hit by a record number of Covid deaths as 317 perish

The North African country struggles to cope with the surge as hospitals fill up and vaccination can't keep up pace

Iran’s new oil terminal to bypass Gulf chokepoint

Tehran inaugurated Thursday the terminal in Jask, on the Gulf of Oman, allowing tankers to avoid the Strait of Hormuz...

Saudi officials seize a big load of drugs at border with Jordan

A consignment of two million illegal pills was seized by the Saudi authorities along the kingdom’s border with Jordan. The...

140 Palestinians injured in clashes at flashpoint West Bank village

Hundreds of Palestinians gathered in Beita, located in the north of the Israeli-occupied West Bank, to protest against the nearby...

Cyberattack ruled out in third Internet outage in two months

Another massive outage hits internet services on Thursday, July 22, affecting the websites of major companies across the globe.

Saudi Arabia, UAE deny Pegasus spyware allegations

Saudi Arabia and the United Arab Emirates have dismissed allegations they used Israeli-supplied Pegasus malware to spy on journalists and...

Aramco confirms data breach that entails $50m ‘ransom’ demand

Aramco has acknowledged that it had seen a data breach that has a potential $50-million “ransom” demand attached to it.

UN force in Lebanon calls for probe into Irish peacekeeper’s death

The United Nations' peacekeeping force in south Lebanon urged Beirut to ensure a "speedy" investigation into an Irish soldier's shooting...

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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...

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...

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...

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Saudi customs seize drugs at port

Alert officials of Saudi customs prevented an attempt to bring in contraband drugs into the kingdom at Jeddah Islamic Port,...
  • The floor of the truck had been hollowed out to hide the pills in
  • Two people who were due to receive the drugs were arrested

Saudi British Bank posts $245m net profit in Q2, year after big losses

A year after posting billions in losses, Saudi British Bank (SABB), an affiliate of HSBC Holdings, has posted a sizeable...

Arab economies to grow by 2.9% in 2021, 3.6% in 2022: Report

Uneven recovery is expected as eleven Arab countries will likely recover by the end of 2022, while the recovery path...