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.
  • Based on data from the WTO, the UAE's export values in 2022 grew by 41%, while imports made up 22%...

    Exports grew 41 pecent to $599 billion in 2022, accounting for 2.4 percent of the global merchandise exports share

    The UAE ranked 11th in terms of exports of commodities and was the 18th importer of global merchandise goods trade

  • The Gulf country has an influential and effective international presence and continues to fulfil its obligations in enhancing the efficiency...

    The UAE supports digital transformation, artificial intelligence, and big data in healthcare worldwide, says UAE's Minister of Health and Prevention

    The country ranked first in the world in 14 health indicators in 2022, adds Abdul Rahman bin Mohammad bin Nasser Al Owais on World Health Day

  • The currencies of six Arab nations faced significant decline during the first quarter of 2023 amidst global economic uncertainty, while...

    The currencies of six Arab nations faced significant decline during the first quarter of 2023 amidst global economic uncertainty, while another six experienced growth

    Economic challenges, the strengthening US dollar, and the ongoing Russian-Ukrainian war have all played a role in the recent currency fluctuations

  • Abu Dhabi, UAE - The UAE and Vietnam signed Thursday a declaration of intent to start negotiations for a comprehensive...

    The UAE is the leading trade partner of Vietnam in the Arab region, accounting for 39 percent of Vietnamese trade with the region’s countries.

    The two sides discussed ways of strengthening their cooperation in the areas of trade, investment, the new economy, industry and energy.

  • The IMF was originally expected to approve a bailout deal on December 19, but that was delayed pending a Tunisian...

    Saied said that the foreign diktats of IMF will lead to more poverty which is unacceptable.

    Saied's government reached an agreement in principle in mid-October for a nearly $2 billion package from the IMF.

  • A continued slowdown in almost all the world's advanced economies is expected to drag global growth below three percent this...

    Global growth almost halved last year to 3.4 percent as the impact of Russia's invasion of Ukraine rippled through the world economy.

    Asia's emerging markets are expected to see substantial increases in economic output with India and China to account for half of all growth.

  • DUBAI, UAE -  MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer discussed enhancing cooperation...

    DEWA is implementing clean and renewable energy and water desalination projects.

    The firm attaches great importance to research in sustainable and renewable energy.

  • London rose but Frankfurt and Paris slipped in muted trade during a holiday-shortened week, while Asian indices slipped lower. "Markets...

    On Wall Street, the Dow eked out a modest gain but the S&P 500 and Nasdaq both fell as more data added to recession concerns

    Gold price, considered a safe bet in times of economic crisis, lingered above $2,000 level, not far from a record $2,075.47 set in August 2020

  • Doha, Qatar - The Qatar Financial Centre (QFC), a leading onshore financial and business center in the region, has partnered...

    The ILO-Qatar is cooperating with the Ministry of Labor to enhance the implementation of the labor law across industries in the country

    Speaking about the event, senior QFC official Luigia Ingianni said that promoting decent work for all is one of the core values of the QFC

  • Paris, France--Earth had its second-warmest March on record with Antarctic sea ice shrinking to its second-lowest extent, the EU's climate...

    A report from the Copernicus Climate Change Service said temperatures were above average over southern and central Europe and below average over most of northern Europe

    Climate scientists have been warning that global warming is causing sea ice to decline and sea levels to rise, and that dangerous tipping points could be reached