News
Dubai, Economy
Dubai-based Spinneys reports a 12% increase in third-quarter profit, reaching $9.6 million, due to improved efficiency in operations
Dubai-based Spinneys reports a 12% increase in third-quarter profit, reaching $9.6 million, due to improved efficiency in operations Dubai supermarket chain Spinneys…
Telecommunications, UAE
Space42, a company based in the UAE, saw its profit increase by 17.5% to $118.8 million over nine months, even though its revenues went down
Space42, a company based in the UAE, saw its profit increase by 17.5% to $118.8 million over nine months, even though its…
Abu Dhabi, Food
Agthia Group reports a 10.3% increase in 9-month revenue, reaching $980 million, due to improved business unit performance
Agthia Group reports a 10.3% increase in 9-month revenue, reaching $980 million, due to improved business unit performance Abu Dhabi’s food and…
Travel
Air traffic in the Middle East increased by 4.4% in September, and global passenger demand reached a record high, according to IATA
Air traffic in the Middle East increased by 4.4% in September, and global passenger demand reached a record high, according to IATA…
Business, Financial, Saudi Arabia
Seera Group, based in Saudi Arabia, saw its profit rise by 65% to $11 million in the third quarter due to strong revenue growth
Seera Group, based in Saudi Arabia, saw its profit rise by 65% to $11 million in the third quarter due to strong…
Economy, Egypt
Egypt’s non-oil private sector activity decreased in October due to rising costs affecting new orders
Egypt's non-oil private sector activity decreased in October due to rising costs affecting new orders Egypt's non-oil private sector kept shrinking in…
Saudi Arabia, Stock Markets
Saudi Arabia’s Public Investment Fund (PIF) buys most of MBC Group for $2 billion as profits rise sharply
Saudi Arabia's Public Investment Fund (PIF) buys most of MBC Group for $2 billion as profits rise sharply MBC Group announced that…
Abu Dhabi, Business, UAE
Petrochemical company Borouge’s profit for the third quarter jumped 16%, reaching $328 million, thanks to higher sales and prices
Petrochemical company Borouge's profit for the third quarter jumped 16%, reaching $328 million, thanks to higher sales and prices Borouge Plc, a…
Banking & Insurance
Al Rajhi Bank’s net profit increased by 22.8% in the third quarter to $1.4 billion due to higher operating income
Al Rajhi Bank's net profit increased by 22.8% in the third quarter to $1.4 billion due to higher operating income Saudi Arabia-based…
Energy, Iran, Israel
Oil drops by over 4% as Israeli airstrikes avoid targeting Iran’s energy facilities
Oil drops by over 4% as Israeli airstrikes avoid targeting Iran's energy facilities Oil prices dropped by over 4% on Monday morning…
Economy, Energy, Qatar
QatarEnergy and ExxonMobil have received more time to finish building their LNG plant in Texas
QatarEnergy and ExxonMobil have received more time to finish building their LNG plant in Texas A partnership between QatarEnergy and ExxonMobil has…
Bahrain, Banking & Insurance
Bahrain’s GFH has issued five-year Islamic bonds (sukuk) worth $500 million, attracting strong interest from international investors
Bahrain's GFH has issued five-year Islamic bonds (sukuk) worth $500 million, attracting strong interest from international investors GFH Financial Group, based in…