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strategic

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.
  • Jordanian industrialists call for export diversification

    AMMAN, JORDAN – Jordanian industrialists have emphasized the imperative of strategic planning to bolster export diversification, underlining key measures such as facilitating connectivity to global supply chains through e-commerce, and ramping up promotion and marketing efforts for domestic products.They also called for expanding outreach to foreign markets, fostering collaboration between...
  • RAKBANK, DP World sign pact

    The aim is to offer trade finance solutions to businesses in UAE.
  • UAE and Egypt presidents hold discussions in Cairo to boost ties

    Cairo, Egypt-- UAE's President Sheikh Mohamed bin Zayed Al Nahyan and his counterpart from Egypt Abdel Fattah El-Sisi met in Cairo to discuss the close bonds between the two countries and ways to expand them further.The two leaders explored opportunities for further collaboration within the framework of the strategic partnership...
  • Iran, India reach final agreement on Chabahar Port

    Tehran, Iran – Iran and India on Monday finalized an agreement for the development of the strategic Chabahar port in Tehran. The accord was reached in a meeting between Iranian Transport and Urban Development Minister Mehrdad Bazrpash and Indian Minister of External Affairs Subrahmanyam Jaishankar.During the meeting, Bazrpash proposed the...
  • ADNOC Drilling, Alpha Dhabi set up JV

    The two companies will invest up to US$1.5 billion.
  • Fertiglobe Q3 revenue of $525m

    The firm recently launched steps to optimize its cost structure.
  • stc, Microsoft to collaborate

    The aim is to advance digitalization in Saudi Arabia.
  • Saudi Arabia to enhance air connectivity to over 250 destinations by 2030

    RIO DE JANEIRO, BRAZIL - A delegation led by President of the General Authority of Civil Aviation (GACA) Abdulaziz bin Abdullah Al-Duailej has concluded its participation in the Saudi-Brazilian International Aviation Conference held here from October 2 to 4.   Under the theme "Going Further Together", the conference saw several discussions...
  • Bahrain and US assert commitment to freedom of maritime navigation

    Dubai, UAE-- Bahrain and the US have reaffirmed their commitment to freedom of navigation in international waters. They reiterated the importance of ensuring safe passage for commercial shipping in the Strait of Hormuz and condemned acts that put freedom of navigation in jeopardy.The joint statement came after a meeting between...
  • AD Ports Group, CMEC ink MoU

    The two companies will explore opportunities globally.
  • UAE finance ministry releases annual report, highlights achievements in 2022

    ABU DHABI, UAE -  UAE Ministry of Finance (MoF) released its annual report for the year 2022 highlighting performance, initiatives, national projects and international participation.The report is entitled "Remarkable Achievements Shaping Promising Financial Prospects",  includes MoF's most prominent achievements, leadership councils and committees, and strategic objectives.Minister of State for Financial...
  • India’s Modi, Egypt’s Sisi pledge to deepen strategic partnership

    Indian Prime Minister Narendra Modi met Egypt's President Abdel Fattah al-Sisi in Cairo on a rare visit during which both sides pledged to deepen their strategic partnership. They agreed to boost investment by India, the world's most populous nation, in Egypt and which is now in the grips of an...
  • UAE Ministry of Energy joins National ICV Program

    DUBAI, UAE - The Ministry of Energy and Infrastructure (MoEI) has joined UAE's National In-Country Value (ICV) program following a memorandum of understanding with the Ministry of Industry and Advanced Technology (MoIAT).The MoU was signed in the presence of Dr. Sultan Al Jaber,  UAE Minister of Industry and Advanced Technology;...
  • HUB71 reveals winners of The Outliers Program to address industry challenges

    ABU DHABI, UAE -  Hub71, Abu Dhabi's global tech ecosystem, on Tuesday announced the winners of The Outliers Program, which gives founders worldwide the opportunity to build proof of concepts (POCs) alongside major reputable organizations.Participating startups have been recognized for their innovative solutions in various challenges set by Hub71’s strategic...
  • The Letter of Intent represents a strategic partnership focused on the development, maintenance, and operation of a charging station factory in the UAE. (WAM)

    MoIAT, Shahin sign strategic partnership to enhance UAE’s green mobility

    ABU DHABI, UAE - UAE Ministry of Industry and Advanced Technology (MoIAT) has signed a Letter of Intent (LoI) with Shahin in a move towards sustainable industrial development and promoting electric mobility.The LoI, signed at the Make it in the Emirates Forum on Wednesday, underlines the country’s commitment to decarbonization...
  • Dubai Supreme Council reviews progress in clean energy projects

    DUBAI, UAE -  Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 76th meeting of DSCE which was held virtually in the presence of Saeed Mohammed Al Tayer, Vice Chairman of the Council.Saeed Mohammed Al Tayer, also the MD and CEO Dubai Electricity...
  • e&, Vodafone form relationship

    As per pact, e& is a cornerstone shareholder of Vodafone.
  • Fertiglobe Q1 net profit $135m

    The company posted Q1 revenue of US$694 million.
  • DEWA, Siemens Energy discuss enhancing cooperation

    DUBAI, UAE -  MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer discussed enhancing cooperation with top leadership of Siemens Energy here.Al Tayer met with Anne-Laure de Chammard, Member of the Executive Board of Siemens Energy AG, and Dietmar Siersdorfer, Managing Director of Siemens Energy...
  • Volvo Cars 2022 net profit $1.6bn

    Revenue climbed by 17 percent to a record US$31.8 billion.
  • UAE Pension Authority to focus on awareness among Emirati employees

    ABU DHABI, UAE - The General Pension and Social Security Authority (GPSSA) of UAE has announced its key strategic objectives for 2023.The authority said that it will focus on raising awareness on insurance among Emirati employees, serving the community with utmost promptness and professionalism, while reinforcing the UAE Pension Authority’s...
  • Governments of UAE, Egypt launch ‘Egypt Services Center’

    ASWAN, EGYPT - The governments of the UAE and Egypt inaugurated the Egypt Services Center in the Aswan Governorate, which is the first of its kind in Egypt. The inauguration is part of the strategic partnership between the two countries in government modernization. The Emirati delegation which attended the inauguration...
  • Jordan and Saudi Arabia to boost cooperation, strategic ties

    Amman, Jordan— Jordan and Saudi Arabia held discussions on enhancing bilateral cooperation in various fields and boosting strategic ties between the two countries. The ministerial meetings were held as part of Prime Minister Bisher Khasawneh's working visit with a ministerial delegation, where he will meet with Saudi senior officials. Also...
  • EDB, ADCB ink pact for UAE SMEs

    The MoU will enable SMEs access to financing options.
  • Etihad Rail and Borouge enter into strategic partnership

    Abu Dhabi, UAE— Etihad Rail and Borouge have entered into a strategic partnership for sustainable transportation to carry 1.3 million tons of Borouge’s polyolefins annually from its petrochemical complex in Al Ruways Industrial City via rail for export to customers. The agreement was signed by Shadi Malak, CEO of Etihad...
  • SCCI, Moscow Chamber discuss trade, cooperation

    SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) discussed business and investment opportunities in the UAE and Russia with the Moscow Chamber of Commerce and Industry. The meeting that took place at Expo Center Sharjah (ECS) brought together Abdallah Sultan Al-Owais, SCCI's Chairman, and Vladimir Platonov, Chairman...
  • Jordan and US renew commitment to enhance strategic ties

    Amman, Jordan—Jordan and the US have reviewed their strategic partnership in a meeting between King Abdullah of Jordan and Mark Takano, Chairman of the US House Committee on Veterans’ Affairs. The meeting covered the ties and the strategic partnership between Jordan and the United States, as well as means of...
  • Blinken to arrive in Qatar for strategic dialogue, World Cup

    Washington, US— US Secretary of State Antony Blinken is going to arrive in Doha on Monday to support Team USA in its first 2022 FIFA World Cup match and to attend the US-Qatar joint Strategic Dialogue, a State Department statement said. Blinken will recognize Doha’s important contribution to international sports...
  • ‘UAE President’s speech at COP27 outlined vision for climate action’

    SHARM EL SHEIKH, EGYPT - UAE Minister of Industry and Advanced Technology Dr. Sultan bin Ahmed Al Jaber said that the speech of President Sheikh Mohamed bin Zayed Al Nahyan at COP27 outlined the UAE’s clear vision and strategic approach to climate action and sustainability. The minister and the UAE’s...
  • UAE, Jordan ministers discuss global, regional issues

    Jordan's Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Ayman Safadi met with UAE Minister of Foreign Affairs and International Cooperation, Sheikh Abdullah bin Zayed Al Nahyan.
  • Credit Suisse sells 8.6% stake in Allfunds

    Bank raised US$325m from its stake sale of Spanish firm.
  • EU energy head hails “partnership” with Algeria

    Seeking new exporters of gas to the continent, European Union's energy commissioner has hailed a "long-term strategic partnership" with Algeria as it turns to Africa's biggest gas supplier to fill a gap left by Russian supplies. Europe's search for gas has become ever more urgent as winter approaches.
  • DEWA to enhance ties with foreign firms at GITEX Global 2022

    MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received Consul-General of Canada to Dubai and the Northern Emirates Jean-Philippe Linteau at GITEX Global 2022.
  • UAE, Japan sign comprehensive strategic partnership pact

    Minister of Industry and Advanced Technology and UAE Special Envoy to Japan Dr. Sultan bin Ahmed Al Jaber and the Prime Minister of Japan Fumio Kishida have signed the UAE-Japan comprehensive strategic partnership agreement.
  • ADNOC announces $548m contract for Lower Zakum field

    Abu Dhabi National Oil Company (ADNOC) Monday announced the award of a US$548 million (AED2.01 billion) contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi.
  • Jordan and US look to broaden ‘deep-rooted’ partnership

    Jordan and the United States have discussed ways to boost cooperation in various fields and to broaden the 'deep-rooted strategic' partnership between the two countries.
  • Joe Biden to ‘strengthen a strategic partnership’ with Saudi Arabia

    US President Joe Biden said Saturday he aims to "strengthen a strategic partnership" with Saudi Arabia during a visit there next week, but added that he will hold true to "fundamental American values." Biden is expected to press for increased Saudi oil production in the hope of taming spiraling fuel...
  • UAE and Uzbekistan extend strategic partnership for three years

    The UAE and Uzbekistan have pushed for a new phase of their strategic partnership for government modernization to promote the exchange of knowledge, expertise, and successful experiences.
  • UAE and ASEAN review cooperation, discuss regional and international issues

    Anwar Gargash, Diplomatic Adviser to the UAE President, discussed cooperation relations with the ambassadors of the member states of the Association of Southeast Asian Nations (ASEAN) accredited to the UAE. The meeting also reviewed the friendship between the UAE and ASEAN countries and ways to develop them across various fields...
  • US values the role Kuwait plays as advancer of peace: Antony Blinken

    US Secretary of State Antony Blinken affirmed that his country places "tremendous value" on the role that Kuwait plays as an "advancer of peace." Blinken was quoted by local media as saying, "Kuwait plays, an almost unique role that it plays as a facilitator, mediator, advancer of peace and leading...
  • UAE and Brazil aim to boost strategic alliance

    The UAE and Brazil have reiterated their resolve to boost bilateral relations in the light of the strategic partnership between the two countries.