SIB profit up 9%

Higher income from financing and investment drive growth.

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
  • In spite of divisions over the legislation, Iraq's customs department has given orders to begin enforcing a ban on alcohol...

    The new legislation approved by parliament in 2016 only became law after its publication in the official gazette on February 20

    It has drawn sharp criticism from rights activists and lawmakers representing Iraq's dwindling non-Muslim communities

  • TEHRAN, IRAN - Iran has announced the discovery of a large deposit of lithium, a key component of batteries for electric...

    This reserve is believed to hold "8.5 million tonnes" of lithium, according to a senior Iranian official.

    This white metal is an essential component of rechargeable batteries used in cell phones and other electronic devices.

  • ABU DHABI, UAE -  The United Arab Emirates and Italy on Saturday announced the enhancement of their  bilateral relations to...

    A pact for cooperation on energy projects and sustainability initiatives between Abu Dhabi National Oil Company and the Italian energy group Eni was signed.

    The MoU aims to strengthen cooperation in the field of emissions reduction, new energy technologies and low-carbon solutions.

  • A massive earthquake and aftershocks in February caused an estimated US$5.1 billion in direct physical damage in Syria, said the...

    The earthquake hit Turkey and Syria, devastated scores of cities and killed over 50,000 people in both countries.

    World Bank said that its report does not cover broader economic impacts and losses for Syria, such as production or business interruption.

  • Panama City, Panama - Delegates to a global conference on saving the world's oceans pledged US$19 billion, the host country Panama...

    European Union announced it would dedicate $865 million to ocean-related projects this year

    The total included a $6 billion from the United States, announced by White House climate envoy John Kerry

  • Doha, Qatar - The Producer Price Index (PPI) of Qatar’s industrial sector declined by 1.75 percent in January 2023 when...

    The PPI for January 2023 was 129.59 points, down 4.71 percent from December 2022

    For manufacturing sector, a PPI increase of 0.08 percent was recorded in January 2023

  • Abu Dhabi, UAE - Saving deposits in the UAE banking system, excluding interbank deposits, increased to AED245.867 billion ($67 billion)...

    Rise in savings deposits represents a YoY growth of $1.08 billion or 1.7 percent, from about $66 billion in November 2021

    Demand deposits grew to $246 billion by the end of December last year, a YoY growth of 7 percent from $145 billion in 2021

  • Pushing aside their differences in relations strained by regional disputes, the oil-rich United Arab Emirates and Turkey signed a free...

    Turkey and the UAE have backed opposing sides in regional conflicts and have sparred over issues including gas exploration in the eastern Mediterranean

    Early last year, Erdogan made his first visit to the UAE in nearly a decade and called on business leaders to invest in his country

  • The warrants do not name any of the officials, but according to the official, they are former finance minister Ali...

    An investigating judge in Baghdad has "issued arrest warrants for four senior officials of the former government."

    The four men include a former finance minister and staff members of former prime minister Mustafa al-Kadhemi

  • The GCC countries are likely to benefit from the relative stability in their financial covers due to high oil prices...

    The GCC countries are likely to benefit from the relative stability in their financial covers due to high oil prices and strong energy exports in 2022, reports suggest

    Inflation in the GCC averaged at around 4 percent mark and showed a downward trend for most countries in the region during the second half of 2022, they add