Presight AI _Cover Image_IPO

Presight AI announces start of subscription for IPO

The listing is the latest in a series of IPOs in the Gulf region as governments seek to bring more international investors into their markets

Air Arabia Abu Dhabi launches flight to Amman

Air Arabia Abu Dhabi marks inaugural flight to Amman

The new direct flights will connect Abu Dhabi International Airport to Queen Alia International Airport in Amman with a frequency of three flights weekly

Syed Basar Shueb, IHC CEO and Managing Director

Abu Dhabi-based IHC’s 2022 profit surges to a record $8.9bn

The conglomerate’s revenues surged by 78 per cent to Dhs50.9bn, driven by growth across all verticals and the company’s strategic acquisitions in 2022

Saudi Aramco’s record net income. Image by Aramco

Saudi Aramco profit surges to $161.1bn in 2022, raises dividend

The company’s declared a dividend of $19.5bn for the final quarter of 2022, a 4 per cent increase compared to the previous three-month period

Mohammed bin Salman

Saudi Arabia unveils Riyadh Air, the country’s new national carrier

Riyadh will be the company’s operational hub, and will connect the Saudi capital to over 100 destinations globally

How hospitality is reshaping Dubai's real estate landscape

How hospitality is reshaping Dubai’s real estate landscape

The growing stature of Dubai as a tourist destination is redefining developers’ strategies

Ramadan: Working hours for federal govt employees announced

Ramadan 2023: UAE announced reduced working hours

Authorities have announced truncated hours for federal government entities as well as the private sector

Saudi Arabia tourism visa

Saudi Arabia relaxes tourist visa rule for all GCC residents

The announcement is the latest in a series of initiatives that seek to attract visitors coming from GCC countries

Select private schools in Dubai can increase fees by 3% for new academic year

Select private schools in Dubai can increase fees by 3% for new academic year

The rate by which schools can increase fee is tied to their most recent evaluation by the Dubai Schools Inspection Bureau

Saudi Arabia GDP 2022

Saudi Arabia’s 2022 GDP grows 8.7 per cent, boosted by higher oil prices

The country’s GDP crossed the $1tn mark for the first time in 2022 as higher oil prices boosted government revenues

Cover story: How Magnom Properties is keen to invest in the future

The real estate arm of Saudi conglomerate, Rawabi Holding, is looking to be part of the solution on climate change

QatarEnergy

QatarEnergy, CPChem begin construction of $8.5bn petrochemical facility

The plant is expected to startup in 2026

Korea Eximbank and Saudi Aramco deal

Saudi Aramco signs $6bn deal with Korea Eximbank

The deal comes amid expectations of lucrative business opportunities in Saudi Arabia and the Middle East

Shurooq unveils new identity

Sharjah’s Shurooq launches new visual brand identity

The new identity incorporates an abstracted Arabic letter and the English S to symbolise a beacon for investment and transformation

Agility opens data centre sites

Kuwait’s Agility launches data centre sites across Middle East and Africa

The company plans to build additional sites in other rapidly growing data centre markets including Nairobi, Casablanca and Lagos

UAE's Al Ansari Financial Services to list 10% stake in IPO

UAE’s Al Ansari Financial Services to list 10% stake in DFM IPO

The company plans to list its shares for trading on the Dubai Financial Market next month

Ducab announces growth in revenue

UAE’s Ducab Group announces 19% rise in revenue in 2022

Ducab Group posted total annual revenue of $1.8bn

Anghami reports 35.6% revenue growth, subscribers rise 21% in 2022

Anghami reports 35.6% revenue growth, subscribers rise 21% in 2022

The streaming service ended the past year with 1.52 million paying subscribers

Best workplace in UAE 2023

These are the best places to work in the UAE in 2023

The top five companies to work for in the large category include McDonald’s, Leminar Group, Al Dabbagh Group, Centrepoint and Chalhoub Group

Tamakani milestones showcased by Aamer Sheikh PepsiCo CEO Middle East

How PepsiCo’s Tamakani initiative is empowering Saudi women

Aamer Sheikh, PepsiCo CEO Middle East, shares how the company’s women empowerment platform aims to support one million Saudi women by 2030

SME story: Interview with Joost van Oorschot, founder and CEO of Maana Electric

SME story: Interview with Joost van Oorschot, founder and CEO of Maana Electric

Maana is a combination of the words ‘Maan’ which means Moon in Dutch and ‘Mana’, which means power in Polynesian languages

Salik full-year revenue surged

Dubai’s Salik posts 11.8 per cent surge in full-year revenue

The road-toll operator said the number of revenue-generating trips jumped 13 per cent to 413 million trips compared to 367 million in 2021

Emtelle, KEZAD ink build to suit deal with

UK’s Emtelle, KEZAD Group join hands to build $50m manufacturing facility

The production facility will be located on a 48,000 sqm land plot that will be leased under a build-to-suit agreement with KEZAD

Saudi Coffee Company Chairman Fahad Alnuhait photo supllied

From bean to brew: How Saudi Coffee Company is powering the kingdom’s coffee industry

Saudi Coffee Company‘s chairman Fahad Alnuhait tell us how the company is protecting the legacy of the kingdom’s coffee farmers

UAE astronaut Sultan Al Neyadi converses with Sheikh Mohammed from space

UAE’s Sultan Al Neyadi converses with Sheikh Mohammed from space

The Emirati astronaut and his Crew-6 teammates docked with the ISS after a 24-hour flight to begin the longest Arab space mission

Qatar Airways

Qatar Airways to launch over seven destinations in 2023

The airline is resuming flights to 11 destinations, as well as stepping up frequencies to multiple locations

EGA full year net profit

UAE’s EGA posts $2bn in full-year net profit on higher prices

The company paid its shareholders a total of Dhs3.7bn consisting of an interim dividend of Dhs2.2bn in July and a further D1.5bn at the end of 2022

diplomat

Qatar’s ruler makes top diplomat his new premier

Sheikh Mohammed bin Abdulrahman Al Thani has been appointed as the prime minister

SME story: Interview with Ziad Toqan, founder of Leap

SME story: Interview with Ziad Toqan, founder of Leap

Leap’s on a mission to teach kids good money habits at an early age

Emirati Genome Programme

Sheikh Hamdan launches awareness campaign in Dubai for Emirati Genome Programme

Implemented by the Dubai Health Authority, the new campaign aims to highlight the importance for Emiratis to register with the programme