Airbus

Airbus delivers 65 planes in a month in bid to meet annual goal

The planemaker shipped 381 aircraft through the end of July

Hilton to open over 50 properties in Saudi Arabia onrad Riyadh Laysen Valley

Hilton to quadruple its presence in Saudi Arabia, aims to open over 50 new hotels

Hilton currently operates 16 hotels in Saudi Arabia, including Waldorf Astoria Jeddah – Qasr Al Sharq, Conrad Makkah, and Hilton Riyadh Hotel & Residences

OSN

OSN’s Devrim Melek, Andy Grant share top trends in media and entertainment industry

In an exclusive interview, OSN unveils the impact of the evolving media landscape on modern viewers

India imposes import curbs on laptops

Apple, Samsung freeze India laptop imports after sudden curbs

The import restriction adds to longstanding measures designed to discourage bringing in foreign electronics

How ASUS BUSINESS is meeting the diverse needs of organisations

With ASUS BUSINESS, organisations can confidently rely on solutions that drive productivity and set new standards in the industry, backed by a legacy of excellence and innovation

Dubai Investments releases H1 figures Image Dubai Investments

Dubai Investments H1 net profit rises 59% to Dhs580m

The company reported a 65 per cent increase in net profit to Dhs266.03m in Q2 2023 as compared to Dhs161.54m in Q2 2022

Ukraine peace blueprint in Saudi Arabia

Saudi Arabia hosts talks on Ukraine peace blueprint

The kingdom is increasingly trying to position itself as a diplomatic powerhouse and has said it wants to mediate between Ukraine and Russia

oil production cuts

Saudi Arabia extends voluntary oil production cuts into September

It’s the second time the kingdom has extended the oil production cut, which was first announced in June after a meeting of the OPEC+ countries

Absheron

ADNOC to acquire 30% equity stake in Absheron gas field

The first gas from Absheron was successfully delivered in early July 2023

Fitch says sukuk pricing remains similar to bonds in H1 2023

Sukuk pricing remains similar to bonds in H1 2023

Sukuk and bonds had a high pricing correlation of 0.95 (out of 1) on average and low average spreads between 2018 and H1 2023

ADNOC, TABREED advance efforts for geothermal energy

ADNOC L&S reports 327% increase in net profit for H1 2023

ADNOC L&S attributed its strong performance to its expansion of asset and customer base, decarbonisation of operations, and entering new verticals

IHC’s half-year net profit surges to $2.8bn

Abu Dhabi’s IHC posts $2.8bn in half-year profit

The conglomerate said its revenues surged by 30.8 per cent year-on-year to Dhs28.7bn as the company sustains its growth trajectory

Hamad International Airport

Hamad International Airport rolls out digital wayfinding solution

Distributed across the airport, wayfinding and directory devices with QR codes will allow passengers to get from one point to another

Dubai Office Market defies global slump Image courtesy Getty Images

Dubai office market defies global slump with influx of tenants

Average rents for prime commercial real estate in Dubai have risen as much as 17 per cent

Abu Dhabi International Airport - UAE megaprojects

Abu Dhabi International Airport passenger traffic rises 67% in H1 2023

The airport welcomed 10,258,653 passengers during the first half of the year

Oman's OIA

Oman Investment Authority’s assets hit $46.6bn in 2022

The country’s sovereign wealth fund said its return on investment last year touched 8.8 per cent, which allowed it to contribute substantially to support the general budget

RTA picks banks for taxi and parking IPOs-image-RTA-twitter

Dubai’s RTA selects banks for taxi and parking IPOs

The government reportedly plans to sell shares in the taxi business as soon as this year, while the parking unit’s listing is slated to follow next year

India

India restricts import of laptops, tablets with immediate effect

The restriction comes on top of policies designed to discourage import of foreign electronics that have been in place for years, including lofty tariffs

Agthia Group posts 6.6% first-half profit rise to Dhs144m

Agthia Group posts 6.6% increase in first-half profit to Dhs144m

The group’s revenues in the six months to June 30 surged by 10.3 per cent year-on-year to Dhs2.2bn

Salesforce

Salesforce cuts more jobs after 10% reduction earlier this year

The company plans to reduce headcount by about 8,000 people by the end of fiscal 2024

Arsenal Emirates Jersey-sponsorship-

Arsenal renews front-of-jersey partnership with Emirates

The deal is the longest-running front-of-shirt sponsorship in Premier League history

Americana Restaurants on MSCI UAE Index

Americana Restaurants posts 19.4% net profit for H1 2023

Americana said its year-on-year revenue growth was underpinned by continued expansion of restaurant portfolios across its MENA operations

Instagram

Meta begins blocking news in Canada in response to new law

The move came after Prime Minister Justin Trudeau’s government passed the Online News Act, expected to come into effect before the end of this year

US credit rating downgraded

US credit rating downgraded from AAA by Fitch

The US is now rated AA+ by Fitch, one step below AAA, and the assessor has a stable outlook on the country

UAE’s Emirates Steel Arkan posts $76.4m in H1 profit

UAE’s Emirates Steel Arkan posts $76.4m in H1 profit

The robust profitability in the first half of the year was driven by continued high demand for the company’s steel products and stable margins

Oman and Etihad Rail Company and Jindal sign MoU

Oman and Etihad Rail Company, Jindal to set up sustainable logistics solution

An anticipated annual capacity of up to 4 million tonnes of Jindal’s materials and products will be transported via the Oman-UAE rail network

Mubadala invests in Aligned Data Centers Image Mubadala Aligned

Mubadala invests in US-based Aligned Data Centers

With this investment, Mubadala will become a minority partner alongside majority partners managed by Macquarie Asset Management

CBI CEO

CBI net profit increases by 44% in H1 2023

CBI reported a net profit increase from Dhs55m in H1 2022 to Dhs79m in H1 2023

Abu Dhabi's ADQ, IHC look to merge with Q Holding Image GettyImages-1366647006

ADQ, IHC Capital propose merger with Q Holding to create $12bn entity

The proposed transaction would create one of the largest real estate, hospitality, events and catering platforms in the region

UAE President Sheikh Mohamed - Jordan visit - 66ca77b8-2d18-48a4-a91b-0df49fcaa945

UAE President Sheikh Mohamed in Jordan following Bahrain visit

Sheikh Mohamed’s trip is intended to bolster long-standing ties between the UAE and Jordan