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.
  • Gulf countries have substantial financial and other resources to achieve zero- emission goals but they need to identity and address...

    The majority (59 percent) said Saudi Arabia will achieve the target first, followed by the UAE (24 percent) and Qatar (11 percent). 

    Saudi Arabia, Qatar and the UAE account for around 10 percent of the world's annual CO2 collection at 3.7 million tons per annum (mtpa).

  • The provisional political agreement, which was reached after nightlong negotiations between the EU parliament and states, seeks to raise the...

    The move also comes as the EU has sought to slash its dependence on Russian fossil fuels after Moscow cut gas supplies last year.

    The figure is a compromise between the 45 percent share for renewables that was sought by EU lawmakers and the European Commission.

  • Civil society groups and some lawmakers have decried opacity in the tender process and a lack of involvement of the...

    Cash-strapped Lebanon announced last week that private company Lebanese Air Transport and Irish firm daa International would partner for the revamp.

    Public Works and Transportation Minister Ali Hamieh said the private sector would fund the $122 million project, which would "create around 2,500 jobs."

  • The move is likely to help regulate supply, bridge the gap between supply and demand, and create more demand for...

    The move is likely to help regulate supply, bridge the gap between supply and demand, and create more demand for further development in the Kingdom, says an expert

    The real estate sector plays a crucial role in the country's long-term plan to shift its economy away from oil dependence, adds James Elliot-Square of PRO Partner Group

  • The appointments signal a new phase in the UAE's leadership and its commitment to pursuing economic growth and development while...

    Sheikh Mohamed appointed Sheikh Mansour bin Zayed as Vice President and Sheikh Khaled bin Mohamed as Crown Prince of Abu Dhabi

    The president also named Sheikh Tahnoun bin Zayed and Sheikh Hazza bin Zayed as Deputy Rulers of Abu Dhabi

  • The Senate report "describes legacy issues, some from a decade ago," which the bank has sought to address by implementing extensive...

    The findings of the two-year Senate Finance Committee probe add to the woes of the Swiss investment bank.

    Credit Suisse pleaded guilty in 2014 to attempting to aid and assist US taxpayers in filing false income tax returns.

  • "Advancing the economic status of women and girls is not only a matter of human rights, justice, and fairness --...

    The initiative, launched by Harris, is a mix of US government funding and private sector commitments.

    It includes a $60 million fund for women in the digital economy and nearly $400 million from the private sector.

  • Riyadh's move to partner with the bloc comes less than three weeks after the unveiling of a landmark China-brokered reconciliation...

    The Shanghai Cooperation Organization was established in 2001 as a political, economic and security organization to rival Western institutions

    Besides China, its eight members include India, Pakistan and Russia, as well as four central Asian countries - Kazakhstan, Kyrgyzstan, Uzbekistan and Tajikistan

  • This month Crown Prince Mohammed bin Salman, unveiled Riyadh Air, the new airline which is intended to transform the capital...

    Apart from Riyadh Air, Saudi Arabia is also launching NEOM Airlines, to be based in the planned $500 billion futuristic megacity of the same name

    The trade group Airports Council International predicts the region's airports will see 1.1 billion passengers by 2040, up from 405 million in 2019

  • Doha, Qatar--The Doha-based Global Carbon Council (GCC) and Egyptian Exchange (EGX) have signed a memorandum of understanding (MoU) to launch...

    EGX will list carbon credits issued by GCC, widening offerings to investors looking for a diversified portfolio of CCs

    They will also collaborate on development initiatives aimed at improving the efficacy of carbon offsetting mechanisms