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ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.
  • Saudi imposes anti-dumping duties on products from 10 countries

    Riyadh, Saudi Arabia -- Saudi Arabia has imposed anti-dumping duties on seven products imported from 10 European and Asian countries, six of which are subject to the unified GCC law to protect the industry from the damage caused by dumped and subsidized imports, media reports said.The products included all types...
  • Najran extends MoU with Ayan for Commerce & Industry

    Jeddah, Saudi Arabia - Saudi Arabia's Najran Cement Company has announced the extension of its non-binding memorandum of understanding (MoU) with Ayan for Commerce & Industry. This extension comes as a result of the ongoing valuation and due diligence processes, which are yet to be completed.The original MoU, signed on...
  • Every industry should be held accountable on climate, says COP28 president

    Paris, France - The president of a pivotal UN climate summit defended on Saturday the large presence of industry representatives at the negotiations, saying private sector engagement was essential to curb global heating."Everyone needs to be part of this process and everyone needs to be held responsible and everyone needs to...
  • Saudi Arabia’s cement sales fall by 8.5 percent in September

    Riyadh, Saudi Arabia -- The aggregate sales of 17 Saudi cement producers decreased by 8.5 percent to 4.1 million tons in September, from 4.5 million tons a year earlier, according to recent data issued by Yamama Cement Co.Locally, eight market players reported better sales, led by Al-Safwa Cement Co. with...
  • Dubai leverages AI robots in testing construction materials

    Dubai, UAE - Dubai has started using robots that employ X-Rays and other latest AI technologies to carry out automated chemical analysis and tests on various types of cement and other construction materials.The cement testing services are linked to a smart platform for laboratory testing services in Dubai Central Laboratory...
  • Yanbu Cement reports dip in profit

    Yanbu Cement Co., one of Saudi Arabia's largest cement producers, has posted a forty three percent dip in net profit to $43 million in 2021.
  • Saudi Cement Q2 revenue up 17%

    It registered revenue of SR348 million ($92.8 million) in Q2.
  • Walls, floor, ceiling can store power to light up your home and office

    Concrete can possibly be a source of energy, says researchers Cement has potential to produce enough power to meet energy demand Scientists are looking at ways of making your home and office walls, floor, and ceiling made of cement store energy like a large battery to fulfill the energy demand....