The Gulf Indians

Profits for UAE’s Dana Gas slip on lower prices, production impact at Egypt operations

Dubai: Lower gas prices and reduced production at its Egypt operation had a telling effect on ADX-listed Dana Gas' 9-month…

2 years ago

Talabat’s $1 billion IPO in Dubai as soon as next week

Dubai: The initial public offering of Dubai-based food delivery company Talabat looks to be launched as soon as next week,…

2 years ago

Saudi Falcons Club, NEOM partner to protect rare species

Cairo: The Saudi Falcons Club said it had sealed a strategic partnership with NEOM aimed to improve the habitat of…

2 years ago

Kuwait tightens property ownership rules for non-citizens

Dubai: Kuwait has rolled out stricter controls on property ownership for non-citizens, aiming to maintain economic stability in the real…

2 years ago

ADNOC awards Dh720 million contracts for manufacturing in UAE

ABU DHABI: ADNOC today announced the award of contracts valued at Dh720 million ($196.2 million) for local manufacturing of a…

2 years ago

UAE supermarket operator Spinneys hits Dh2.29 billion in 9-month revenues

Dubai: The Dubai headquartered retailer Spinneys ticked all the boxes when it comes to growth for the first nine months…

2 years ago

Donald Trump rides global wave of anti-incumbency

WASHINGTON: Incumbent leaders used to have the edge. In the United States, the power of the Oval Office and glamour…

2 years ago

Goodbye to A Welfare State

Joseph Maliakan The ruling of the nine judge bench of the Supreme Court of India presided by the outgoing Chief…

2 years ago

UAE weather: Red and yellow alert issued in Abu Dhabi, Al Ain, Dubai and Sharjah

Dubai: Foggy weather conditions continued over most parts of Abu Dhabi's Al Ain and Al Dhafra region today. Fog also…

2 years ago

Saudi Arabia: Citizen nabbed over SR493 million fraud

Cairo: A Saudi man has been arrested for illegally obtaining SR493 million in bank financing in collusion with others, the…

2 years ago

Lebanon MPs demand UN protection of heritage sites from Israel attacks

BEIRUT: More than 100 Lebanese lawmakers appealed to the United Nations on Thursday to ensure the preservation of heritage sites…

2 years ago

Singapore’s Changi Airport to raise flying fees to fund upgrade

Singapore's Changi Airport will charge passengers and airlines more to fly in and out of the city-state to help finance…

2 years ago

Al Ansari Financial Services sees profit drop for 9-month 2024 over ‘significant challenges’

Dubai: Net profit for DFM-listed Al Ansari Financial Services dropped to Dh308.53 million for the first nine months from Dh387.8…

2 years ago

Bitcoin shoots past $75,000 in new high over a Trump return as US President

Dubai: Bitcoin prices have shot past $74,000 as the crypto markets turned in some heavy action as a clearer picture…

2 years ago

UAE’s DFM, ADX join Asian peers in going bullish on a Trump win

Dubai: As expected, the DFM and ADX opened positive in early trades Wednesday (November 6) in much the same way…

2 years ago

Abu Dhabi industrial hub awards Dh7.35b in infrastructure contracts

Dubai: The Abu Dhabi industrial hub Ta’ziz has issued engineering, procurement and construction contracts valued at Dh7.34 billion for site…

2 years ago

Saudi Electricity sees 18 per cent increase in net profit

Dubai: The Saudi Electricity Company, 75 per cent owned by the Public Investment Fund, reported an 18 per cent year-on-year…

2 years ago

Saudi Arabia, UAE invest $26m in Pakistan

Dubai: Pakistan’s foreign investment increased by 48 per cent in the first quarter of the current fiscal year. During this…

2 years ago

Dubai Taxi Company revenue up 13% to Dh1.6 billion as it completes 36 million trips

Dubai: Dubai Taxi Company (DTC) reported a 13% year-on-year increase in revenue to Dh16 billion in its financial results for…

2 years ago

LuLu Retail closes with gross proceeds of Dh6.32 billion, making it biggest UAE IPO of 2024

Dubai: LuLu Retail has emerged as the biggest IPO in the UAE for 2024, with gross proceeds totalling Dh6.32 billion.…

2 years ago

Gulf Air marks ten years of operations between Bahrain, Russia

Dubai: Gulf Air, Bahrain’s national airline, recently celebrated a decade of service to Russia, a route that was launched on…

2 years ago

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