Business & Money | Sunday 6 August, 2023 11:04 am

Construction of an Irish bridge for ALARGAN’s ‘Telal Al Qurm’ has been approved by the Muscat Municipality

ALARGAN, a renowned property developer in Oman, is delighted to announce the official approval by the Muscat Municipality for the construction of an Irish bridge that will ensure seamless connectivity and accessibility for the residents of their property, Telal Al Qurm. Breaking ground in on...

More Details

Business & Money | Sunday 6 August, 2023 10:25 am

UAE meets 37.4% of Japan's crude oil needs in June

Japan's crude oil imports from the United Arab Emirates amounted to 25.63 million barrels in June 2023, or 37.4 percent of total imports, the Natural Resources and Energy Agency of Japan's Ministry of Economy, Trade and Industry said. During June, Japan's total crude oil imports were 68.5...

More Details

Business & Money | Sunday 6 August, 2023 9:17 am

Saudi Red Sea Authority issues seven regulations to facilitate Red Sea navigation

The Saudi Red Sea Authority (SRSA) announced the issuance of seven new regulations for navigational activities in the Saudi Red Sea: Private Yachts Visiting; Chartering Large Yacht Regulation; Tourist Navigational Agent Regulation; Cruise Ship Regulation; Marina Design and Operation Regulation;...

More Details

Business & Money | Sunday 6 August, 2023 9:11 am

DUBAI SHOPPING MALLS GROUP KICKSTARTS EXCITING BACK TO SCHOOL BONANZA, OFFERS AED 100,000 IN CASH PRIZE

The residents of the UAE can prepare for an unforgettable Back-to-School extravaganza as Dubai Shopping Malls Group (DSMG) presents its sensational 2023 edition with AED 100,000 in cash prizes up for grabs. Embracing the spirit of new beginnings and the joy of...

More Details

Business & Money | Sunday 6 August, 2023 8:59 am

Azizi Developments launches new high-end building as part of Riviera’s luxurious fourth phase

Azizi Developments, a leading private developer in the UAE, is launching building 65 as part of Riviera’s fourth phase, on the lively main boulevard, next to a sizable park, and with astonishing views of the swimmable crystal lagoon. Riviera is Azizi’s French Mediterranean-inspired waterfront...

More Details

Business & Money | Sunday 6 August, 2023 8:41 am

IHC Presents Strong H1 2023 Operational and Financial Results

International Holding Company (ADX:IHC), the global diversified Abu Dhabi-based conglomerate, unveiled its financial results for the second quarter and half year of 2023,  registering a group net profit of AED 10.4 billion, accompanied by net profit margin of 36.3%. This commendable...

More Details

Business & Money | Sunday 6 August, 2023 8:39 am

IDB Chairman Receives “Best Banker” Award during the First Arab Forum for Banks & Businessmen 2023 in Beirut, Lebanon

The Union of Arab Banks has organized the First Arab Forum for Banks & Businessmen 2023 in Beirut, Lebanon under the high patronage of the Lebanese Minister of Economy Mr. Amine Salam. Gathering key economic sectors and business community figures, the event stood as a promising initiative that...

More Details

Business & Money | Saturday 5 August, 2023 11:57 am

Dubai investments H1 2023 net profit surges 59% to AED 580 million

Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market [DFM], has announced a 59 percent increase in net profit to AED 580 million for the six-month period ended June 30th 2023, as compared to AED 364 million during the corresponding period in 2022.The...

More Details

Business & Money | Saturday 5 August, 2023 11:52 am

ADNOC Gas reports revenue of AED 38.9 billion in H1 2023

ADNOC Gas today announced its financial results for the three months and six months ended 30th June, 2023 (Q2 2023) and (H1 2023).The Company’s H1 2023 revenue stood at a AED 38.9 billion (US$10.6 billion) compared to Pro Forma Adjusted Revenue of AED 48.8 billion (US$13.3 billion) in H1 2022,...

More Details

Business & Money | Saturday 5 August, 2023 1:55 am

Nile raises $175 mln in round led by Sanabil Investments, stc

Networking startup Nile raised nearly $175 million in a new round led by Sanabil Investments, a subsidiary of the Public Investment Fund (PIF), and March Capital.   In a statement, the company said the new round witnessed the participation of investors from several companies,...

More Details