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ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Smart Madinah Forum 2022 kicks off

Smart Madinah Forum 2022 was launched on Sunday.
  • The forum aims at discussing concepts of smart cities and their relations to improving the quality of life
  • It is also a platform to discuss the role of innovation in enhancing sustainable development and getting acquainted with tools of civil innovation

Smart Madinah Forum 2022, which is organized by the Madinah Development Authority with the participation of thought leaders and technology partners from across the world was launched on Sunday. 

Director General of the World Competitiveness Center Prof. Arturo Bris; President and CEO of the World Council on City Data (WCCD) Patricia McCarney; Human Future Founder Jonathan Reichental; and CEO of Data and Innovation at the Madinah Development Authority Abdulrahman Ibrahim participated in the first session.

The forum aims at discussing concepts of smart cities and their relations to improving the quality of life and ensuring sustainability, in addition to reviewing the transformation of Madinah into  into a smart city.  

It is also a platform to discuss the role of innovation in enhancing sustainable development, getting acquainted with tools of civil innovation, as well as contributing to the empowerment of entrepreneurs to develop technological products through innovation laboratories.