Gulf Navigation posts profit
Its net profit rose to US$9.53m in the first nine months of 2023.Rolls-Royce to cut 2,500 jobs
It will cut six percent of its staff to build a leaner company.Merger of Saudi Enaya and UCA okayed
The merger remains subject to regulatory approvals.Nakilat profit jumps 4.8%
The company's profit swelled to US$327 million in Q3 of 2023.Phoenix set for IPO on ADX
It is the first crypto entity to be listed on a Middle East bourse.JPMorgan Q3 profit at $13.2bn
The bank’s revenues rose 22 percent to US$39.9 billion.Presight, Samruk-Kazyna to form JV
Samruk-Kazyna is Kazakhstan's $70bn asset sovereign wealth fund.Delta posts Q3 profits of $1.1b
The company’s revenues rose 11 percent to $15.5 billion.EasyJet, Airbus sign US$20bn deal
The no-frills airline will buy 157 aircraft from Airbus.Jarir’s 9M profit down marginally
The fall was attributed to an increase in non-operating expenses.Edge signs deal with Saha Istanbul
It will deepen cooperation between the UAE and Turkey.Birkenstock to list on NYSE
The German sandals maker has set its share price at $46.ExxonMobil to acquire Pioneer
This is the company's biggest takeover since 1990 acquisition of Mobil.SIRC and Edama sign partnership
They will create a joint company to upgrade organic waste recycling.Silal acquires stake in SAFCO
SAFCO Group is a food and beverage distributor in the UAE.Samsung profits plunge
The company expects Q3 profits to fall nearly 80% to US$1.8bn.PIF sets up Tasaru Mobility Investments
The firm will drive strategic investments and partnershipsADNOC Drilling to pay $358m dividend
The company's H1 revenue increased by 13% to $1.4 billion.Borouge signs supply pact with NPCC
Borouge will also supply critical materials for UAE energy projects.Evergrande shares begin trading
The shares dropped nearly 9 percent at the close of trading.eXtra net profit down 17%
The company reported a net profit of $70m for 9M period of 2023.Bristol Myers to buy Mirati
The US firm will pay US$4.8bn to acquire cancer drugmaker.EV infrastructure company launched
PIF will own 75% in the Electric Vehicle Infrastructure Company.EWEC, Masdar sign purchase pact
Power to be purchased generated from UAE's Wind Programme.ADNOC to deploy UAE-made drones
ADNOC's partnership with EDGE Group aimed at cutting emissions.ADNOC signs pacts with 30 firms
This will create manufacturing opportunities worth $2.7bn.Endava to widen UAE operations
It will join the UAE's FDI program to expand footprint.Masdar City, ADAFZ sign MoU
The two free zones will collaborate to grow businesses.Baker Hughes bags 400m ADNOC award
Baker Huhges will supply all-electric compression systems.Adnoc and Occidental sign deal
They will conduct a study to build a direct air-capture facility.Air France-KLM to buy stake in SAS
Air France-KLM will buy 19.9% shares of SAS.Evergrande shares up 28 percent
Evergrande estimated it had debts of $328 billion at the end of June.Saudi Cruise signs pacts with leading firms
The agreements are aimed at boosting investment in Aroya Cruise.Najm inks pact with iot squared
The aim is to advance insurance services in the Kingdom.Ford lays off 300 US workers
The workers were asked not to report to work due to the strike.Adnoc Gas awards contract
Nearly US$615m will be paid to build carbon-capture units.Sonatrach sacks CEO
Algeria's president has named Rachid Hachichi as new CEO.Birkenstock declares IPO prize
The company expects to raise around $1.58 billon.SVC inks pact with IMPACT46
SVC is a government investment firm established in 2018.RSI buys stake in First Fix
The company acquires 51 percent stake in First Fix.Ducab bags 30 major contracts
The contracts were secured in the oil, gas and petrochemical sector.Porsche sales revenue up
The sports car maker posted gains one year after its IPO.DIB to buy stake in TOM Group
DIB felt Turkey is a great investment destination.Credit Suisse expects Q3 loss
The bank said the loss could be as much as $2.2 billion.Cathay Pacific orders A320neo planes
The value of the deal is expected between $3.2 billion to $4.1 billion.EDGE acquires 50% stake in SIATT
SIATT is Brazilian smart weapons and high-tech systems specialist.Aramco to invest in LNG
The deal will be Aramco's first international investment in LNG.Binance selling Russia business
Binance is likely to sell its Russian assets to CommEX.Saudi EXIM Bank, Trafigura sign pact
The bank will extend three-year credit facility of $500 million.EDGE, Brazil Marine Corps sign pact
A technical cooperation agreement will follow the signing.




















































