The $10.55 bn sale includes portions of digital aviation solutions business.

Riyadh, Saudi Arabia -- Saudi Aramco netted $12.35 billion, $1 billion more than expected, from a secondary share sale after exercising an over-allotment option, the deal's stabilizing manager said on Wednesday. An additional 154.5 million shares were issued in response to demand from investors, Merrill Lynch Kingdom of Saudi Arabia said, taking...

DOHA, QATAR – The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice in February in the country amounted to US$382 million (QR 1,391,961,588). The data of the real estate analytical bulletin issued by the Ministry of Justice revealed...

Doha, Qatar--The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice in January amounted to $521 million. The data of the real estate analytical bulletin issued by the Ministry of Justice revealed that (362) real estate transactions were recorded...

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...

Muscat, Oman--Oman LNG has entered into a sale-and-purchase agreement (SPA) with BP to deliver a total of 1 million metric tonnes per annum (MTPA) of LNG to BP. The agreement strengthens the robust relationship between Oman LNG and BP, with which the company has previously signed SPAs to supply reliable...

Its pre-tax profit more than doubled to US$7.7bn.

DUBAI, UAE – A real estate brokerage based here has compiled the 10 largest land deals in the Emirate since the beginning of this year, with a total value of US$2.3 billion (Dhs8.6 billion). The study based on data from the Dubai Land Department showed that the largest land sale...

The fast-food chain has some 37,000 outlets across the world.

Continuing with its crackdown against drug traffickers in the country, Iraq security forces on Tuesday said they had taken into custody a smuggler and seized some 44,000 captagon tablets meant for sale. Iraq has seen a surge in the consumption of the amphetamine-like drug in recent years as it grapples...

Manama, Bahrain--The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities has been oversubscribed by 197%. Subscriptions worth BD 84.706 million were received for the BD 43 million issue, which carries a maturity of 91 days. The expected return on the issue, which...

LSG Group is to be sold to private equity group Aurelius.

Amman, Jordan--Standard Chartered has decided to sell its Jordanian business to Arab Jordan Investment Bank (AJIB), according to both the parties. Standard Chartered, the emerging markets-focused lender, plans to exit seven markets in Africa and the Middle East. The bank entered into an agreement with AJIB, subject to central bank...

Doha, Qatar-- Qatar has recorded $660 million worth real estate trading in sale contracts during the month of February. The data of the real estate analytical bulletin issued by the Ministry of Justice revealed that (382) real estate transactions were recorded during the month. Compared to January 2023, the real...

The company's sales rose by 11.4% to $49.7 billion

The company delivered 661 aircraft last year.

Allaying fears over the future of the Suez Canal, its chairman said the waterway 'is not for sale. The fear was stocked over a draft law in parliament seeking to establish a sovereign wealth fund to "carry out all economic and investment activities" for the Suez Canal Authority.

Some say the absence of booze in stadiums and its limited availability elsewhere in the Arab nation has detracted from the atmosphere inside and outside stadiums.

Washington, United States— The US government on Tuesday announced the approval of a $1 billion sale of FS-LIDS counter-drone systems and other equipment to Qatar. "The proposed sale will improve Qatar's capability to meet current and future threats by providing electronic and kinetic defeat capabilities against Unmanned Aircraft Systems," the US...

Bank will use funds for core business, give cash to investors.

Firm's reduction of stake in Alibaba partly helped.

Loss is basically due to the sale of one of its online platforms.

Bank raised US$325m from its stake sale of Spanish firm.

Dubai real estate market recorded 445 sales transactions worth US$321 million, in addition to 68 mortgage deals of $121 million and 37 gifts deals amounting to $16 million on Monday, data released by Dubai's Land Department (DLD) showed.

A total of 2,401 real estate transactions worth US$1.8 billion (AED6.7 billion) were conducted during the week ending September 23, 2022, according to figures released by the Dubai Land Department.

Kingdom Holding Co. posted $1.7 billion profit in H1.

A Turkish delegation will visit Washington next week to follow up on US President Joe Biden's pledge to deliver F16 fighter jets for Turkey's ageing air force, Ankara said Tuesday. Turkish Defense Minister Hulusi Akar said the team would arrive in Washington on Monday on the invitation of unnamed US...

The firm will sell its full range of products and spare parts.

The company posted H1 income of $26.33m.

The European Union approved a plan to end the sale of vehicles with combustion engines by 2035 in Europe, the 27-member bloc announced early Wednesday, in a bid to reduce CO2 emissions to zero.

The growth was helped by strong sales and a cheaper yen.

The director has put up a picture of his newly removed kidney stones for sale for $30,000 as an NFT.

The Dubai real-estate market recorded transactions amounting to more than AED1.53 billion ($417.72 million) on Monday, April 11.

A 150-strong task force is working feverishly to keep supply flowing.

Myanmar junta Okayed the sale to Lebanese conglomerate M1 Group.

A total of 2,098 real estate transactions worth AED4.5 billion ($1.22 billion) were conducted during the week ending 18 February 2022, according to figures released by the Dubai Land Department. A total of 252 plots were sold for AED1.1 billion, 1,437 apartments and villas were sold for AED2.47 billion. The...

The entire amount resulted from a total of a combined 14,958 sales and mortgage transactions.

Abu Dhabi Ports Group has raised $1.1 billion from a share sale a day before it is to list on the emirate’s stock market. The firm is owned by sovereign wealth fund ADQ. The proceeds will be used to “accelerate local and international expansion plans.

Aldar Properties has announced that all 182 apartments at the second tower of its boutique Reflection project are now available for sale.

The Abu Dhabi Judicial Department (ADJD) has organized five-car auctions at the Al Mafraq vehicle impound area over the past three months in which 787 cars of different types were sold. The vehicles were sold at competitive prices ranging from AED2,000($544.51) to 255,000($69424.77) and yielded a total of AED18.5m ($5m)...

The world's largest known cut diamond went on public display for the first time Monday ahead of its sale, when it is expected to reach five million dollars.

The transaction will be reflected on Anaam’s Q3 financial results.

The regulation will look to limit the maximum number of cars non-Kuwaiti residents in the country can own.

At least one ton of honey has been sold in just 10 days at a festival in Baha, Saudi Arabia, with a large number of visitors attending the festival.

Kuwait International Bank said it has completed the sale of its exposure in troubled UAE healthcare group, NMC.

Saudi Basic Industries Corp. (SABIC) has reported a big jump in second-quarter profit as it sold more chemicals at higher prices than the previous quarter amid an increase in crude prices.

The last time the Bahraini Kingdom tapped the international debt market was in January, when it raised $2 billion

Aramco official says sales to continue irrespective of market conditions The company calls sales a strategy meant to create value and efficiency Saudi Aramco is planning to raise tens of billions of dollars by selling more assets in the coming years, a report said. The largest oil company in the...

ADNOC has announced it will offer up approximately 375 million shares of ADNOC Distribution The shares are being offered at AED4.36 apiece   The Abu Dhabi National Oil Company announced on Wednesday that it would offer up approximately 375 million shares. ADNOC, along with its subsidiaries, currently holds around 80...