Articles
Saudi Aramco boosts 2023 dividend by 30% despite profit drop
Energy major's profit affected by Saudi Arabia's output cuts
ADGM adds 447 firms with assets under management up 35%
Size of Abu Dhabi financial centre's workforce increased by 22 per cent
Saudi Arabia and the UAE among Opec+ members to extend oil output cuts
Cap of 2.2 million barrels per day through to the end of June adds to voluntary cuts made in April, which are in place until the end of December
Dubai's Parkin to offer 24.99% stake in IPO
The company plans to list on the DFM on March 21
Mubadala and Goldman Sachs in $1bn pact focused on Asia-Pacific region
Companies will seek opportunities in India as they aim to expand presence in the booming region
Challenging situation facing Tunisia's new central bank chief
To avert a full-fledged debt crisis, the government must urgently implement reforms and land the deal with the International Monetary Fund, experts say
AD Ports posts Q4 profit drop on one-off charges as revenue soars
Ports operator says Red Sea disruptions will continue to boost freight demand and rates
Israel must tackle economic issues, central bank chief says
Amir Yaron believes country’s economy has the ability to recover from war
Snapchat owner to lay off 10% of its workforce
The company expects to incur pre-tax charges of up to $75 million, driven primarily by severance and related costs
Saudi's PIF sets up new company to manufacture robotic systems and heavy machinery
Alat aims to create 39,000 direct jobs in the kingdom and contribute $9.3 billion to the country's non-oil GDP by 2030
Online retailer eBay to cut 1,000 jobs as tech layoffs continue
Company also plans to scale back the number of contracts it has within its alternate workforce over the coming months
GCC countries 'complement rather than compete', Davos hears
Six-member bloc is seeking to have a combined annual GDP of $6 trillion by 2050, officials tell World Economic Forum
Porsche concerned about delays due to Red Sea disruption
Luxury car maker plans to bring its latest Macan to the region in the second half of this year
IMF approves new $1.2bn financing support for Jordan
The four-year funding package is aimed at enhancing reforms programme and economic growth in the country
Dubai non-oil economic activity hit 16-month high in December
New order growth accelerated to the second quickest since mid-2019, while cost pressures eased
