Tag: UAE
Economy, Saudi Arabia
Saudi Arabia’s Economy Stays Strong as Non-Oil Sector Grows, Says IMF
Saudi Arabia's Economy Stays Strong as Non-Oil Sector Grows, Says IMF The International Monetary Fund (IMF) said Saudi Arabia's economy is doing…
Dubai, Real Estate, Travel
Dubai’s Shamal Holding and LVMH’s Cheval Blanc to Build Luxury Island Resort in Arabian Gulf
Dubai’s Shamal Holding and LVMH’s Cheval Blanc to Build Luxury Island Resort in Arabian Gulf Shamal Holding, an investment company based in…
Business, UAE
UAE’s Fertiglobe Sees 41% Profit Rise in Q2, Reaches $20 Million
UAE’s Fertiglobe Sees 41% Profit Rise in Q2, Reaches $20 Million Fertiglobe, a fertilizer company based in Abu Dhabi, made a profit…
Energy, Saudi Arabia
Luberef, Aramco’s Base Oil Unit, Sees 18% Profit Drop in First Half of 2025
Luberef, Aramco’s Base Oil Unit, Sees 18% Profit Drop in First Half of 2025 Luberef, a base oil company owned by Saudi…
Dubai, Finance
Dubai Financial Market’s Profit Jumps 298% in First Half of 2025 to $211.6M
Dubai Financial Market’s Profit Jumps 298% in First Half of 2025 to $211.6M The Dubai Financial Market (DFM) announced a huge 298%…
Economy, Saudi Arabia
Saudi Arabia’s Budget Deficit Drops to $9.2 Billion in Q2 Thanks to Higher Oil Revenues
Saudi Arabia’s Budget Deficit Drops to $9.2 Billion in Q2 Thanks to Higher Oil Revenues Saudi Arabia’s budget deficit fell to $9.2…
Dubai, Real Estate
TECOM Group Sees 22% Profit Growth in First Half of 2025 Thanks to Higher Revenue
TECOM Group Sees 22% Profit Growth in First Half of 2025 Thanks to Higher Revenue Dubai-based TECOM Group, which runs business parks,…
Banking & Insurance, Finance, UAE
Mashreq Bank’s Half-Year Profit Drops to $952.9 Million Due to New 15% UAE Tax
Mashreq Bank's Half-Year Profit Drops to $952.9 Million Due to New 15% UAE Tax Mashreq Bank reported a profit of $952.9 million…
Abu Dhabi, Energy
Borouge’s Q2 Profit Drops 37% to $193 Million
Borouge's Q2 Profit Drops 37% to $193 Million Abu Dhabi-based petrochemical company Borouge reported a 37.2% drop in its second-quarter profit, earning…