NEWS

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…

11 months 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…

11 months 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…

11 months 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.…

11 months 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…

11 months ago

115,000 passengers impacted as Vistara merges with Air India on November 12

Delhi: In the first month after the merger, nearly 115,000 passengers who had purchased Vistara tickets pre-merger are expected to…

11 months ago

Dubai regulator DFSA fines Vedas Marketing for unauthorized financial promotions on Multibank Group

Dubai: The DIFC regulator has issued a 'decision notice' against Vedas International Marketing Management for unauthorised and deceptive financial promotions…

11 months ago

UAE banking sector hits all-time-high of Dh502.6 billion in capital, reserves

Abu Dhabi: A significant milestone has been achieved by the UAE banking sector. As of July 2024, the total capital…

11 months ago

e&, Emirates are UAE’s ‘most valuable’ brands, Al Rajhi Bank leads in Saudi Arabia

Dubai: The tech-telco e& Group and Emirates are the UAE’s ‘most valuable’ brands for 2024, with the Abu Dhabi mega-bank…

11 months ago

Saudi Arabia launches green tech programme

Dubai: Saudi Arabia’s ministry of environment, water and agriculture launches a new programme aimed at advancing sustainable technologies. The Sustainable…

11 months ago

Saudi Arabia, Turkey strengthen their commercial ties with the signing of 10 cooperation agreements

Dubai: Saudi Arabia and Turkey strengthen their commercial ties with the signing of 10 cooperation agreements during an event held…

11 months ago

Bahrain explores mergers and acquisitions in Europe

Dubai: Bahrain’s Alba, aluminium smelter, plans to continue pursuing mergers and acquisitions, particularly in Europe, after it finalises its multi-billion-dollar…

11 months ago

UAE’s new FDI strategy targets Dh2.2 trillion

Abu Dhabi: The UAE on Tuesday approved its new Investment Strategy to triple its cumulative foreign direct investment (FDI) to…

11 months ago

8 crore health and welfare award for energy sector.

ABU DHABI : Burjeel Holdings and RPM announced an award of Rs 8 crore ($10 lakh) for those who ensure…

11 months ago

Supermarket operator Carrefour shutters Jordan outlets after boycott calls

Amman : Carrefour is closing all its supermarket outlets in Jordan, after mounting calls from the Boycott, Divestment, and Sanctions…

11 months ago

‘Primary objective of Madrasas is education’: Supreme Court upholds Madrasa Education Board Act

New Delhi: The Supreme Court has upheld the Uttar Pradesh Madrasa Education Board Act, observing that education is the basic…

11 months ago

US election: When will we know who won?

WASHINGTON: As Americans prepare to vote on Election Day Tuesday, officials are calling for patience as they tally ballots in…

11 months ago

For UAE finance, accounting jobs, starting salaries are dropping sharply

Dubai: A surge in candidates applying for available entry-level financial positions in the UAE leads to a drop in average…

11 months ago

UAE businesses see rise in October activity but not in new hiring: S&P Global

Dubai: UAE businesses are seeing a pickup in fourth quarter activity, but that’s not yet translating into new hiring, according…

11 months ago

LuLu Retail IPO: Individual investors will benefit from no change to 10% allocation

Dubai: LuLu Retail’s decision to keep the IPO allocation at 10% for individual investors should be a significant boost for…

11 months ago

Saudi Arabia’s Wafi Energy Holding buys majority stakes in Shell Pakistan

Dubai: Saudi Arabia’s Wafi Energy Holding acquires a majority stake in Shell Pakistan following Shell Petroleum Co., a subsidiary of…

11 months ago

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