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…

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

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…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years ago

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