Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.
  • With Benjamin Netanyahu building up a huge force ahead of an expected land incursion into Gaza, Iran has warned of...

    The prospect of an all-out war pushed oil prices up Wednesday, though Washington's decision to suspend some sanctions on Venezuelan output tempered the gains

    Risk aversion among traders was increased by concerns the Federal Reserve would hike interest rates again, or at least keep them elevated for an extended period

  • Riyadh, Saudi Arabia - The Saudi Central Bank (SAMA) signed an agreement with the Monetary Authority of Singapore (MAS) on...

    The agreement seeks to facilitate activities of both organizations in international markets

    It will also provide a framework for cooperation between their innovation departments

  • Beijing has been forced to hand out billions of dollars in bailout loans to BRI countries in recent years to...

    The Belt and Road is a central pillar of Xi's bid to expand China's clout overseas, with Beijing saying it has now inked over two trillion dollars in contracts around the world

    Xi announced on Wednesday that key Belt and Road lenders the China Development Bank and the Export-Import Bank will now offer an additional $100 billion in loans

  • Last year, the economy grew three percent, far from the official target of 5.5 percent, and one of the slowest...

    The 4.9 percent expansion in July-September was helped by forecast-beating retail sales figures and follows a series of broadly positive readings

    But authorities are still on edge over turmoil in the real-estate sector, which has long accounted for a quarter of the country's gross domestic product

  • "The Gulf country is set to host the WTO's 13th Ministerial Conference in the first quarter of 2024 in Abu...

    The UAE will host the WTO's 13th Ministerial Conference in the first quarter of 2024.

    The conference in Abu Dhabi is among the most significant in WTO's recent history

  • ABU DHABI, UAE – Ahmet Burak Daglioglu, Head of the Investment Office of the Turkish Presidency, said that the cumulative...

    UAE currently stands as Turkey's 13th largest trade partner for exports and the 15th largest for imports.

    From 2014 to 2022, the total foreign direct investment from Turkey to the UAE amounted to approximately $1.1 billion

  • US and European stock markets mostly fell and oil prices rose as US President Joe Biden prepared for a trip...

    Wall Street opened in the red, with the tech-heavy Nasdaq shedding more than one percent, while Frankfurt and Paris fell 0.6 percent afternoon deal.

    "Understandably, not many people are in the mood to put their hard-earned cash at risk in these uncertain economic times," said an expert.

  • RIYADH, SAUDI ARABIA - The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed two memorandums of understanding...

    The MoU with the development authority entails exchange of expertise in industrial cities management and provision of logistic services and solutions.

    Modon’s MoU with LCGPA aims to achieve integration of local content in industrial cities, exchange experience and practices in institutional innovation.

  • RIYADH, SAUDI ARABIA – The Kingdom’s Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser here launched a significant...

    The project will have a capacity to accommodate six million passengers annually.

    It will operate through three international alliances in three concession areas.

  • Qatar's Industrial Production index (IPI) reached 105.2 points in August 2023, a decline by 2.1 percent compared to the previous month (July...

    The index of the manufacturing sector showed an increase by 2.2 percent in August 2023 compared to the previous month (July 2023).

    Refined petroleum products fell by 0.5 percent. No change noticed in group of printing and reproduction of recorded media.