ALMATY, KAZAKHSTAN - Kazakhstan threatened Thursday to ban global steel giant ArcelorMittal from operating in the Central Asian country after another fatal accident at a factory belonging to the Luxemburg-based company. Kazakhstan's infrastructure and industry minister Kairbek Uskenbayev said "tough decisions" were being made against the company, after a worker...

TRIPOLI, LIBYA - Libya's state energy firm urged its foreign oil and gas partners to resume exploration and production Tuesday assuring them security had begun to improve dramatically after clashes earlier this year. Rival administrations in east and west have vied for power since March, in a standoff that has...

Investors are paying greater attention than ever before to the founders' backgrounds, personalities and achievements, says Arwa Shafi of Saudi startup accelerator TAQADAM.

Two affiliates of ABB pleaded guilty to bribery charges.

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA), which is listed on the Dubai Financial Market (DFM), has announced that the company’s second General Assembly meeting will be held physically and virtually on December 12, 2022. The assembly will vote on the recommendation of the Board of Directors to...

The telecom company's net profit vaulted to $680.5m in Q3.

Pact aims to expand railway solutions, technology in region.

It recorded $173m profit in the first nine months of 2022.

Firm's Q3, 2022 profit fell compared to Q3 in 2021.

Retail sales declined in its main markets Europe and the US.

Firm said surging oil, gas prices helped it post massive profits.

Operating profit before provisions rose by 12%.

The UAE has signed agreements to the tune of $70.8 million with medical companies to manufacture medical equipment at home.

The Finnish company reports net sales of $6billion.

The Saudi developer will offer 20% of its shares on Nomu.

GlobalConnect is a fiber-based data center services provider.

Taking offense at what it calls "cultural appropriation", Morocco has asked Adidas to cancel newly designed footfall tops for Algeria. A lawyer for Morocco has demanded the withdrawal within two weeks of the Algerian sports top it claimed was "inspired by the art" of Moroccan zellige.

The company raised $1.017 billion in IPO on the DFM.

Berlin took control of the German operations of Russian oil firm Rosneft to secure energy supplies which have been disrupted after Moscow invaded Ukraine. Rosneft's German subsidiaries, which account for about 12 percent of oil refining capacity in the country, were placed under trusteeship of the Federal Network Agency, the...

The energy giant's H1 net profit rose to $7.2 billion.

The Saudi firm made $279.4bn in profit in 12 months.

The Saudi Arabian Mining Company, Maaden, Thursday signed four memoranda of understanding with Indian fertilizer companies to supply phosphate and ammonia products, and to discuss ways to enhance joint cooperation in various fields of growth, technical development of specialized products, agricultural engineering and logistical solutions. These agreements aim to contribute...

The company completed its earlier investment program during the period between the second quarter of 2020 and Q2 2022.

Group EBITDA for the period was QR4.5 billion.

Net profit equates to a healthy 91% of revenue for the period.

The airline ordered a dozen single-aisle passenger jets worth $1.1 bn.

MEmob+ has invested substantially in blockchain technology to offer its clients the most advanced and effective advertising services.

Dubai road toll operator Salik has been established as a Public Joint Stock Company according to a law issued by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum. According to an official statement, the company will have legal, financial and administrative autonomy to carry out its activities and achieve its...

The CECs provide Abu Dhabi entities a pathway to achieve their desired sustainability goals by guaranteeing the zero-carbon origin of their clean electricity consumption.

The firm's revenues stand at AED 6.63 billion in the first quarter of 2022.

Around 40 free zones in the UAE are likely to attract more investors and FDI after they were declared exempt from the upcoming corporate tax regime, experts tell TRENDS.

Now entities that typically have strong brand equity, control over distribution, and very few competitors, have a competitive edge that makes it difficult for rivals to emulate their products and services. What of the rest? Lovrenc Kessler, Managing Partner of Simon-Kucher & Partners Middle East, explains.

Warner Music Group has bought out Qanawat Music, the Middle East and North Africa’s leading music distributor, for an undisclosed sum.

The pact is meant for operation of Soto Norte Gold Project in Colombia.

DP World-owned P&O Ferries on Thursday suspended its passenger and freight ships but denied the group was heading into bankruptcy. P&O Ferries operates four routes serving Britain, France, Ireland and the Netherlands. “P&O Ferries is not going into liquidation,” the company said in a statement. “We have asked all ships...

The total dividend paid for 2021 now stands at 8 fils.

The Riyadh-based firm has appointed Solaiman Abdulaziz Altwaijri as its CEO

Feras Bin Ghassab Al-Harbi has held several leadership positions.

The new companies’ offices are in London, New York, and Hong Kong.

The new trading office of PTT, Thailand’s largest corporation and the only Thai company listed in Fortune Global 500, was opened in Abu Dhabi Global Market on Thursday. The PTT Chairman, CEO and Board of Directors travelled to Abu Dhabi to mark the milestone, alongside representatives from ADNOC, IFAD and...

The Global Investor Consortium acquires 49pc stake in Aramco Gas Pipelines.

Fully owned by Al Faisaliah Group, Tibbiyah is a leading healthcare provider in Saudi Arabia and the region.

Singapore-based Princeton Digital Group (PDG) has closed an equity investment from Mubadala Investment Company (Mubadala) as a lead investor for $350 million

The Jeddah-based pharma retailer plans to float 30 percent of its capital.

Saudi Ceramics has posted a threefold jump in net profit to $62 million on the back of better profit margins.

The final offer price was set at SR128 ($34.1) per share, the top end of an indicative range.

The consolidated revenue stood at AED53.34 billion ($14.52 billion).

The offer comprised a total of 6.3 million shares.

The company posted a net profit of $58.81 million in 2021.

The company's profit in 2020 was $16.20 million.