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Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

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.
  • Saudi media says the kingdom supports Yemen’s legitimate government

    The General Authority for Statistics (GASTAT) released the Labor Market Publication, confirming that the unemployment rate of Saudis remained stable...

    Al-Bilad newspaper reported in its editorial that the Kingdom of Saudi Arabia exerts unprecedented efforts in supporting the legitimate government in Yemen.

    Al-Riyadh newspaper reported in its editorial that the addressing of unemployment rate is among the key goals of the Kingdom of Saudi Arabia's vision 2030.

  • Natural gas prices hit fresh record peaks on strong winter demand

    European and UK gas prices rocketed Tuesday to all-time highs on strong winter demand and simmering geopolitical tensions between key...

    European and UK markets beat previous records from October. They are currently about eight times greater than at the start of 2021.

    Runaway spot gas prices, alongside other buoyant commodities including crude oil, have fueled mounting concern about spiking inflation worldwide.

  • Qatar seizes rainbow-colored toys it deems ‘un-Islamic’

    Authorities in Qatar, host of next year's football World Cup, have confiscated a line of children's toys from stores deeming...

    The ministry of commerce and industry "carried out inspection campaigns on several retail outlets in different regions across Qatar.

    Qatar hosted the Arab Cup recently and has started preparations for hosting the World Cup next year.

  • Is GCC inflation out of control?

    The main reason for high inflation rates in the GCC countries is a rebound in prices in the sectors that...

    Food and beverages in Kuwait accounted for a whopping increase in prices, while education costs decreased 15.46 percent

    Saudi Arabia’s annual inflation increase is due to a 6.4 percent growth in transportation costs and a 1.4 percent rise in food and beverage prices

  • WEF says ‘will defer’ Davos meeting over Omicron fears

    The high-powered meeting scheduled for January 17-21, which usually draws leading figures from business, politics and diplomacy, will instead be...

    Swiss authorities have recently stepped up health restrictions sharply to control a fifth coronavirus wave.

    Forum chief Klaus Schwab promised "continued digital convening of leaders from business, government and civil society".

  • Dubai airport fully operational for first time since pandemic

    Dubai airport, one of the world's busiest travel hubs, is fully operational for the first time since the coronavirus pandemic...

    Travel via Dubai increases at the end the year, with foreigners -- who make up the majority of the emirate's population -- heading home for the holidays.

    Since the pandemic began, the UAE has registered over 744,400 cases, including 2,152 deaths.

  • Above 2.5 million passengers used Doha Metro during Arab Cup in Qatar

    More than 2.5 million passengers used Doha Metro during that Arab Cup hosted by Qatar from Nov 30 to Dec...

    Qatari media reports said Doha Metro operated 50,000 trips during the tournament.

    Except on Friday, Doha Metro ran for 21 hours a day throughout the week.

  • Israel to ban travel to US over Omicron spread

    Lawmakers from Israel also approved the health ministry recommendation to bar Israelis from travel to France, Ireland, Norway, Spain, Finland,...

    Israel will impose restrictions on traveling to US as Covid-19 curbs widen

    Foreigners coming to Israel from red-list nations are prohibited to enter until they get special permission

  • Chinese firms will build 1,000 schools in Iraq

    School constructions across Iraq will take two years and three phases.

    Iraq will pay for the project of building school using oil products

    The country needs 8,000 schools to fill the gap in the education sector

  • UN chief Antonio Guterres on ‘solidarity’ visit to crisis-hit Lebanon

    Guterres has previously called on Lebanese officials to unite to find solutions to the country's dire economic crisis, dubbed by...

    Lebanese leaders do not have "the right to be divided in a moment of such dramatic crisis", Guteres has said.

    Guterres is set to visit the Beirut port blast site on Monday, holding a minute's silence for the victims.

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