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Saudi Arabia’s SABIC Suffers $1B Loss as IPO Strategy Takes Shape

Saudi Arabia’s leading chemical company, SABIC, has recorded another unexpected quarterly loss. This marks the third straight quarter of financial setbacks for the firm....

UAE Taps SME Travel Growth with Emirates–IHG Strategic Alliance

The UAE is boosting its business travel and service infrastructure with two major developments. Emirates and IHG Hotels & Resorts signed an agreement to...

Iraq Secures Solar Power Boost in Sinjar with Major Housing Project

Iraq has taken a big step forward in its renewable energy efforts. Ard Almasalh recently secured a contract to supply and install solar panels...

Vodafone Qatar Delivers Double-Digit Profit Surge as Telecom Growth Accelerates

Vodafone Qatar continues to show strong business performance as it reports solid financial results for the first half of the year. The company posted...

Iraq Signs Private Sector Pacts to Raise Factory Production

Iraq is taking major steps to enhance its industrial output through new public-private partnerships. Therefore, the Ministry of Industry and Minerals signed two PPP...

Saudi Arabia Reshapes NEOM Strategy with Workforce Cuts and Capital Relocation

Saudi Arabia’s flagship NEOM project is undergoing major changes. A strategic review has triggered staff relocations and expected layoffs. The move reflects a shift...

Qatar Gas Projects Fuel Energy Growth

Qatar is rapidly scaling its natural gas infrastructure. The country aims to increase output to meet global energy needs. This plan focuses on efficiency,...

Boursa Kuwait Posts 61% Profit Surge as Trading Volume and Market Reforms Drive Growth

Kuwait stock exchange growth is accelerating due to strong profits and sweeping market reforms. Boursa Kuwait posted a 61.12% rise in net profit, reaching...

ADNOC Drilling Delivers $217M Dividend Amid Soaring Profits and Contract Wins

The UAE energy sector continues to post strong results. ADNOC Drilling recently reported a sharp increase in second-quarter revenue. The company’s revenue rose by...

RAKBank Disrupts UAE Banking with Crypto Trading Access for Retail Clients

RAKBank has introduced a crypto trading service for retail clients, marking a major step in UAE digital finance. The bank now allows users to...

BankDhofar Expands Reach with New Al Tharmad Branch to Tap Growth in Oman

BankDhofar has opened a new branch in Al Tharmad to expand its network and serve more customers across Oman. This move supports the bank’s...

Saudi Arabia Bets on Robotaxis to Drive Smart Mobility and Tech Investment

Saudi Arabia has launched its first autonomous taxi service in Riyadh, marking a major step in smart transportation. The new initiative supports Vision 2030...
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