Dubai Empower Q1 net profit down 6%, misses estimate
Dubai Financial Market-listed Emirates Central Cooling Systems Corporation, known as Empower, said it made a net profit attributable to owners…
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Aldar Properties reaffirms its commitment to Egypt
UAE’s Aldar Properties has reaffirmed its commitment to long-term strategic investment in Egypt after a media report said the property…
DIFC enacts new Venture Studio regulations
Dubai International Financial Centre (DIFC) today announced the enactment of the new Venture Studio Regulations. This move will establish…
You can now pay your DEWA bill with Samsung Pay
Dubai Electricity and Water Authority has added Samsung Pay to its many options for customers to pay their bills conveniently…
Dubai's Drake & Scull registers lawsuit against PricewaterhouseCoopers
A lawsuit has been registered by the Dubai engineering firm Drake & Scull International against the audit firm PriceWaterhouseCoopers for…
BCG expands presence in Qatar
Boston Consulting Group is expanding its presence in Qatar, with the aim to reach over 100 Doha-based expert resources by…
Saudi’s SABIC Q1 profit plunges as sales prices, volumes fall
Saudi Basic Industries Corp has cited pressure on global sales prices as it reported a year-on-year (YoY) profit fall of…
Qatar tech startup Snoonu raises $12mln in Qatar Development bank-led funding
Qatar’s fast-growing tech startup, Snoonu, announced the closing of its ‘Series B funding’ round with $12mn, making it the first…
Abu Dhabi’s Aldar Properties posts 22% jump in Q1 2023 profit
Abu Dhabi’s Aldar Properties posted a 22 per cent increase in Q1 2023 net profit to $228m (Dhs836m), driven by…
Most GCC central banks raise interest rates tracking US Fed move
Central banks in the GCC have increased key interest rates after the US Federal Reserve (Fed) delivered its 10th consecutive…
Dubai is bolstering its global fintech hub status. Here’s how
The success stories of Careem, Kitopi and Noon are fuelling Dubai’s startup ecosystem by enticing entrepreneurs to launch ventures of…
RAK Digital Assets Oasis appoints James Bernard as Chief Commercial Officer
RAK Digital Assets Oasis (RAK DAO), the world's first free zone solely dedicated to digital assets, emerging technologies, and web3,…