QNB net profits up 8% in 2023
The QNB Group posted a net profit of $4.25 billion.Iran executes 4 on charges of spying for Israel, says judiciary
Iran hanged four people convicted of spying for arch foe Israel, the judiciary said, less than two weeks executing a man on similar grounds. "Four members of a sabotage group related to the Zionist regime (Israel)... were hanged this morning" in Iran's northwestern province of West Azerbaijan, the judiciary's Mizan...Kings Aluminium starts building US$204m facility in KEZAD
Abu Dhabi, UAE-- Kings Aluminium Industries has begun constructing a state-of-the-art aluminium manufacturing and recycling facility in Khalifa Economic Zones Abu Dhabi (KEZAD Group), the largest operator of integrated and purpose-built economic zones. With a total investment of $204.22 million by Kings Aluminium Industries, the facility in KEZAD will be...Abu Dhabi-backed fund takeover of Telegraph triggers UK probe into sale
Dubai, UAE--The UK government has ordered a formal probe into the proposed sale of the Telegraph Media Group to an Abu Dhabi-backed investment fund. The investment fund, RedBird IMI, disclosed earlier this month that it was set to take control of The Daily and Sunday Telegraph sister newspapers and The...Iran and Russia diplomats hold discussions on BRICS
Tehran, Iran--Senior Iranian and Russian diplomats held talks in Tehran to discuss the BRICS group and its fields of activities in the spheres of trade, finance and economy. Mahdi Safari, Iran's Deputy Foreign Minister for Economic Diplomacy hosted the Deputy Minister of Foreign Affairs of the Russian Federation and the country's special envoy for BRICS affairs...Tech summit in disarray after organizer’s Israel comment
Paris, France - Several technology industry leaders have decided to boycott one of the sector's biggest annual events after the organizer criticized Israel's actions following the Hamas attacks. Paddy Cosgrave, an Irish entrepreneur and co-founder of the Web Summit, wrote on social media platform X last week that he was "shocked...Death toll soars above 1,100 in Israel’s war with Hamas
Caught unawares by the surprise attack, PM Benjamin Netanyahu has warned Israelis to prepare for a "long and difficult war" with Hamas, raising concerns of a much wider conflict.EDGE, Brazil Marine Corps sign pact
A technical cooperation agreement will follow the signing.Cisco buys Splunk for US$28bn
Splunk is a software platform that uses AI to identify malware.Doctors Without Borders loses contact with 2 foreign staff in Yemen
Dubai, UAE--The Doctors Without Borders (MSF) charity has "lost contact" with two of its foreign staff in Yemen, the group told AFP on Monday. The employees, a German and a Burmese, had been in the northern province of Marib, the aid group said without giving further details. International organizations and...TAQA H1 net income $3.67bn
The group revenues were AED 26.8 billion, 5% higher than H1,2022.In favor of Iran joining BRICS, says South Africa
TEHRAN, IRAN – Pretoria fully supports Tehran joining BRICS, South African President Cyril Ramaphosa said at a meeting with Iranian Foreign Minister Hossein Amir Abdollahian. "South Africa is interested in Iran being accepted as a friendly country by the BRICS," Ramaphosa said as quoted by Mehr News. The South African...EDGE signs agreement with Turbomachine to jointly build engines
Abu Dhabi, UAE--EDGE has signed an agreement with Turbomachine to work together on the development of engines, including turbofan and propellant fan, for EDGE portfolio of UAVs and missiles. The agreement will see EDGE and Turbomachine work closely together on the development of engines, including turbofan and propellant fan, for...China supported Russia to counter Wagner mutiny, says Moscow
MOSCOW, RUSSIA - Russia's foreign ministry said on Sunday that Beijing had backed Moscow's efforts to counter a short-lived armed uprising led by the head of the Wagner mercenary group Yevgeny Prigozhin. "The Chinese side expressed support for the efforts of the leadership of the Russian Federation to stabilize the situation...Five Iranian border guards killed in Sistan-Baluchistan province
Five Iranian border guards were killed during clashes with an armed group in the restive southeastern province of Sistan-Baluchistan, state media reported. Earlier, the judiciary's Mizan Online website had quoted local prosecutor Mehdi Shamsabadi as saying that six border guards were killed but later the number was revised down to...Allianz Q1 posts net profit $2.2bn
Firm said the profit was driven by higher prices for policies.AD Ports Group buys 5 bulk carriers, 3 crude oil tankers
Abu Dhabi, UAE – AD Ports Group has announced its plans to expand its fleet with the acquisition of five bulk carriers and three crude oil tankers. The vessel purchases are part of the company's global expansion objectives to enhance its shipping division under the AD Ports Group's Maritime Cluster....Hermes Q1 revenue at US$3.7bn
The performance was driven by strong sales, especially in Asia.Blast wounds four US troops in Syria, IS leader killed, says military
WASHINGTON, US - An explosion wounded four American military personnel during a raid that killed a senior Islamic State (IS) group leader in Syria, the US military's Central Command said Friday. "Last night, during a partnered US and Syrian Democratic Forces helicopter raid in northeastern Syria, an explosion on target resulted...Adani fails to stem stock rout at Indian business empire
Mumbai, India--Gautam Adani's vast Indian business empire lost billions of dollars more in value on Monday after its rejection of claims of widespread fraud failed to reassure investors. The slump was sparked by a report by US investment group Hindenburg Research that last week alleged "brazen stock manipulation and accounting...Iran warns of ‘reciprocal’ action after EU labels Guards terror group
Members of the European Parliament voted on Wednesday to include the Guards on the 27-nation bloc's terror list in "light of its terrorist activity, the repression of protesters and its supplying of drones to Russia". The vote is non-binding but comes with EU foreign ministers already due to discuss tightening...Dubai Chamber unveils fintech, payments business group
Dubai, UAE-- Dubai Chamber of Commerce has unveiled a new financial technology (fintech) and payments business group to join the forces of all companies within the fintech and payments sector. The new entity aligns with the Chamber’s plans to raise the number of business groups representing economic sectors across Dubai...Tunisia rights group condemns ‘inhumane’ move to deport migrants
Tunis, Tunisia-- A Tunisian rights group condemned Sunday a "repressive and inhumane" government decision to deport a group of migrants who had been evacuated from a defunct refugee camp. The 25 men from Egypt, Niger, Nigeria and Sudan had sought asylum in Tunisia after fleeing violence in neighbouring Libya in 2011,...Fishermen return to Iran years after Somalia kidnapping
TEHRAN, IRAN - Fourteen Iranian fishermen seized by the Al-Shabaab militant group in Somalia, some as long as eight years ago, have returned home, news outlets in the Islamic republic said Sunday. The fishermen were abducted in international waters near Somalia and released after "lengthy negotiations with government officials, tribal chiefs...Emirates H1 profit at US$1.1bn
Revenues in H1 of 2022-2023 surged 131% to $13.7 billion.More than 13,000 Tunisian migrants reach Italy: report
Searching for a new life in Europe, some 13,000 Tunisian migrants have succeeded in reaching Italy by sea since the beginning of the year, almost a fifth of them minors. According to a Tunisian rights group more than 500 migrants also lost their lives or are missing while making the...Dubai Digital Assets Business Group formed to promote digital assets growth
Dubai Chamber of Digital Economy, one of three chambers operating under the umbrella of Dubai Chambers, has announced the formation of the Dubai Digital Assets Business Group (D2A2), which aims to strengthen the digital asset industry’s role in the economic development of the UAE and the wider Middle East region,...Arab Bank H1 profit $252m
The profits grew by 38 percent to $252 million.Top Algeria opposition figure arrested: rights groups
One of Algeria's leading opposition figures, Karim Tabbou, has been arrested again, rights groups have said. Tabbou was one of the most-recognizable faces during unprecedented mass rallies, led by the Hirak pro-democracy movement, that began in February 2019. They demanded a sweeping overhaul of the ruling system in place since...Eygpt releases nine Coptic Christians detained for three months
Egyptian state security released nine Coptic Christians who had been detained for nearly three months following a protest demanding the rebuilding of their church, rights groups said Sunday. They were released on Sunday morning, the day that Coptic Christians celebrate Easter, the village priest told AFP.New FB tools target groups
The tools help groups automatically reject posts with false info.Saudi’s role in aviation security hailed at Experts Group Meeting
Saudi Arabia, represented by the General Authority of Civil Aviation, chaired the meeting of a team of aviation security experts within the Middle East Aviation Security Cooperative Program (CASP-MID), which was hosted on January 19-20, aimed to adopt aviation security activities and programs for the year 2022. The meeting was...Abu Dhabi Ports Group to build first cruise facility outside of UAE
Abu Dhabi Ports Group has signed an agreement with the Aqaba Development Corporation (ADC) of Jordan to build a cruise terminal at Marsa Zayed in Aqaba. It will be the first facility to be developed by AD Ports Group in Jordan and its first cruise facility outside of the UAE....Dr Abdullah Asiri chosen member of WHO panel on novel pathogen origins
Dr Abdullah Asiri, Saudi Arabia's Deputy Minister for Preventive Health, has been chosen as one of the members of the World Health Organization's Scientific Advisory Group for the Origins of Novel Pathogens (SAGO). The SAGO includes 28 members of the world's leading scientists, representing a wide range of disciplines including...NMC gross revenue in Q3 up
The number of patient encounters was 6.7m, compared to 3.7m in 2020.Savola Group of Saudi Arabia buys out Bayara for $260m
Savola Group of Saudi Arabia has bought out the Emirati snack maker Bayara Holding for $260 million.Umrah permits for double-jabbed Saudis aged 12-18
Saudi nationals aged 12-18 can obtain Umrah permits if they have received two doses of Covid-19 vaccine, the ministry of Hajj and Umrah has said. Local media reports said the ministry’s announcement follows the inauguration of the 2021 Umrah season on August 10.SFD signs a $10m export financing agreement with the National Bank of Iraq
SFD has signed an export financing agreement with the National Bank of Iraq to provide credit facilities to help importers in Iraq The National Bank of Iraq a subsidiary of the Capital Bank Group Iraqi importers who seek to import Saudi products and services are getting a $10-million leg-up...








































