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Emirates Steel Arkan Q1 net falls 8pc; posts $580m in revenueEmirates Steel Arkan has registered a marginal 8% year-on-year decrease in first-quarter net profit before tax at AED140 million, compared to AED152 million reported in Q1 2023. The group posted revenues of AED2.14 billion ($580 million) and EBITDA of AED294 m More… |
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KSA to showcase $100bn investment opportunity at FAF24The world's aviation investors are set to descend on Riyadh this month for the Future Aviation Forum (FAF24), where Saudi Arabia will showcase over $100 billion in investment opportunities to enable its Saudi Aviation Strategy (SAS). The Forum's Invest More… |
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TruKKer launches Omnilog freight forwarding companyTruKKer, renowned for its unparalleled expertise in land logistics across 10 markets in the Middle East, Turkey & Eastern Europe, has unveiled its latest venture – Omnilog, an integrated freight forwarding company. The launch marks a strategic More… |
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Samail Industrial City inks three investment pacts worth $21mSamail Industrial City, under Oman’s Public Establishment for Industrial Estates (Madayn), has signed contracts worth OMR8 million ($21 million) to localise three projects focusing on water desalination, building materials and plastics. The three project More… |
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Dana Gas Q1 net profit falls 24pc to $38mDana Gas, the Middle East’s largest regional private sector natural gas firm, has seen a 24% fall in first-quarter net profit to AED139 million ($38 million) compared to Q1 2023 earnings of AED183 million. This was mainly due to lower realised hydr More… |
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Adnoc signs 15-Year LNG deal with EnBWAdnoc has announced the signing of a 15-year Heads of Agreement with Energie Baden-Württemberg (EnBW), one of the largest energy companies in Germany, for the delivery of 0.6 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). The LNG More… |
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Chainalysis sets up regional HQ in DubaiChainalysis, the blockchain intelligence platform, has inaugurated its headquarters for Southern Europe, Middle East, Central Asia and Africa in Dubai. This move follows three years of exponential growth in the region for the company, as it has establish More… |
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New Honeywell naphtha tech set to boost energy efficiencyHoneywell has announced a transformational new naphtha to ethane and propane (NEP) process that will enable regions across the world to improve the efficiency of light olefin production and lower CO2 emissions per metric ton of olefin produced. Eth More… |
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L&T unit secures multiple power project contracts in GCCIndia's top engineering and construction conglomerate Larsen & Toubro (L&T) has announced that one of its key subsidiaries has secured multiple orders - valued in the range of Rs50 billion to Rs100 billion ($599 million to $1.2 billion) - from its prime GCC market including UAE, O More… |
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Mastercard partners with Benefit to drive payment innovation in BahrainMastercard has signed an agreement with The Benefit Company, Bahrain’s leading fintech company and the national electronic payment infrastructure operator, to explore opportunities for collaboration in driving innovation and financial inclusion in the country More… |
