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Investigations

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.

Private Israeli malware used to spy on journalists, activists, politicians

The use of the software, called Pegasus and developed by Israel's NSO group, was reported on by the Washington Post,...

Doha: Afghan gov’t, Taliban to meet again after inconclusive talks

Senior representatives of the Kabul government including head of the High Council for National Reconciliation Abdullah Abdullah flew in for...

Deadlock ends: Top oil producers agree on modest output boost

The OPEC+ meeting on Sunday agreed to raise output by 400,000 barrels per day (bpd) each month from August to...

McLaren raises US$757m, adds Saudi wealth fund as investor

The deal makes Saudi Arabia’s PIF a minority shareholder in the group Some of the money raised will be used...

UAE Central Bank unveils norms for retail payment services

The Central Bank of the United Arab Emirates (CBUAE) has unveiled the Retail Payment Services and Card Schemes Regulation.

PIF, Cosco buy stake in Red Sea Gateway Terminal for $280 million

The investment will help to transform RSGT into both a regional and global logistics hub in line with PIF’s mission...

Assad starts new term after re-election described ‘neither free nor fair’

The vote extending Assad's grip on power was the second since the start of a decade-long civil war that has...

Economy in focus as Assad retains Syria’s presidency for fourth term

President Bashar al-Assad vows to focus on economy after taking the oath of office for a fourth term in Syria...

History created: ADX market capitalization crosses US$300 billion

The UAE’s booming economy and the gradual opening up of the world markets helped Abu Dhabi Securities Exchange’s market capitalization...

After conquering Earth, Bezos eyes new frontier in space

His journey into space aboard a reusable rocket built by his firm Blue Origin comes just two weeks after he...

Israel PM says FBI won’t quiz troops over journalist’s death

Outgoing Prime Minister Yair Lapid said Israeli soldiers "will not be interrogated" by the US' Federal Bureau of Investigation (FBI)...

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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...

‘Potential hijack’ of ship off UAE coast: UK maritime security agency

The MarineTraffic website, which categorises the vessel as an asphalt and bitumen tanker, said it was travelling to Sohar, a...

Israel can ‘act alone’ against Iran after ship attack: Bennet

Bennett said Israel had shared intelligence with the United States, Britain and others also tying Iran to the attack.

Most Read

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...

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...