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.
  • Deal will provide firm access to capital in dual currencies.

    OQGN is the exclusive operator of the natural gas transportation network in Oman.

    This is considered one of the largest syndicates of Sharia-compliant financing in Oman.

  • Firm has committed $2 billion for more such carriers.

    The very large crude carrier is a four dual-fuel engine ship – which can also run on liquefied natural gas.

    The carriers, which can carry up to 2 million barrels of crude per voyage, were built in South Korea.

  • RIYADH, SAUDI ARABIA – Saudi Arabia and Japan issued a joint statement on Lighthouse Initiative for Clean Energy Cooperation. The...

    Recognizing net-zero and clean energy ambitions, both sides decided to establish the KSA-Japan Lighthouse Initiative for Clean Energy Cooperation.

    The initiative will serve as a beacon for other countries and regions as they develop their strategies and roadmaps toward their net zero ambitions.

  • DUBAI, UAE – The city has registered a strong year-on-year growth of 44 percent in business event bid wins in...

    Dubai Business Events worked with partners and stakeholders to win 143 conferences, congresses, meetings and incentives in H1 2023.

    These events are expected to bring over 94,000 additional visitors to the city, including global experts and leaders in their respective fields.

  • DUBAI, UAE - The Dubai Supreme Council of Energy (DSCE) has received the ISO 50001:2018 in energy management systems and...

    This followed a comprehensive assessment conducted by W3 Solutionz - USA through CanaGulf International Standardization.

    The audit process conducted by CanaGulf International Standardization was based on several guiding principles.

  • Indian Finance Minister Nirmala Sitharaman, chair and host of the summit in Gandhinagar, began by telling finance leaders of "the...

    Key on the two-day agenda will be "facilitating consensus to intractable issues associated with rising indebtedness", Sitharaman said

    A top official from G20 chair India said there had been a "not so encouraging response" from Beijing on shared debt understanding

  • It sold the sub-Saharan Africa business to Access Bank.

    Last year, the bank decided to divest from a number of markets, in Lebanon, Angola, Cameroon, Gambia, Sierra Leone, Zimbabwe and Jordan

    The two entities will work together to ensure a seamless transition, with the transaction expected to be completed over the next 12 months

  • The net profit shot up to US$538m in H1 of 2023.

    The bank said its earnings per share amounted to QR 0.83 on June 30, 2023 as against QR 0.77 in the same period of last year

    The total assets the bank now stand at $50.27bn., financing assets reached $33bn and customer deposits now stand at $32.14bn

  • As Egypt said more than 250,000 people crossed in from Sudan -- fleeing ceaseless air strikes, street battles, rampant looting...

    Purchasing power in the import-dependent economy has been slashed as families struggle to make ends meet

    New arrivals from Sudan face hardships, with realtors reporting a sharp increase in demand in Egypt's Cairo

  • Jeddah, Saudi Arabia--Looking to consolidate trade and investment ties, the Gulf Cooperation Council (GCC) and Japan announced their resumption of...

    GCC Secretary-General Jassem Mohamed Albudaiwi met with Prime Minister of Japan Fumio Kishida for talks and later their representatives signed a joint statement

    GCC secretary general said Japan's exports from the GCC countries touched $76.7 billion and its imports to the GCC was valued at $22 billion