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ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.
  • Dubai Airshow to be held in November under capacity restrictions

    The show is seen as a psychological boost for airlines, plane makers The Airshow will be the largest aerospace trade event to be held since the pandemic Five months before the Dubai Airshow starts, the organizer has made it clear that the biggest aerospace trade show and a spectacle for...
  • Hotels in Riyadh earn best rates in three months as travelers fill up rooms

    Arab News quoted the research company on Monday that Occupancy stood at 42.8% The growth is due to easing of travel restrictions and return of international flights Owing to the easing of travel restrictions and return of international flights to the city, Riyadh’s hotel industry is showing signs of cheer...
  • Saudi car rental firm posts 40% growth in 2020

    Vehicle rental market in the country is forecast to grow 7.5 percent until 2026
  • Stocks gain in Qatar while government begins to ease Covid restrictions

    Other stock exchanges were stayed dull, posting modest gains and losses  The Gulf Arab state said that leisure and education centres and restaurants can reopen  Stock prices shot up on Qatar stock exchange on Thursday encouraged by a positive atmosphere that the country was going to ease coronavirus curbs. Across...
  • Flydubai to run two new summer routes to Greece

    Demand for travel to places outside MENA has risen after vaccine rollout Flydubai seasonal routes will open only after Sept 29 With the rollout of more and more vaccines against coronavirus, and the decline in the rate of infection, Flydubai will be adding two more new routes this summer as...
  • Gulf residents can’t wait to visit Europe as travel curbs ease

    EU to lift curbs on high-spending tourists from the GCC Thousands of travelers from the Middle East are expected to visit the continent European Union has agreed on Wednesday to ease COVID-19 travel restrictions on visitors from around the world ahead of the summer tourist season. Ambassadors from the 27...