Advanced Petrochemical signs EPC contracts for the first IPA plant in the Middle East
Advanced Petrochemical Company (ADVANCED), a leading producer of polypropylene in Saudi Arabia, announced that its subsidiary, Advanced Polyolefins Industry Company, has signed Engineering, Procurement and...
The Saudi Investment Bank to issue bonus shares worth 2.5 billion SAR
The Saudi Investment Bank (SAIB) announced that its Board of Directors has recommended to the Extraordinary General Assembly a capital increase of 25% by issuing...
Modern Mills sets IPO price range and kicks off book-building
RIYADH: Modern Mills Company (MMC), a leading milling and nutrition company in Saudi Arabia, has announced the price range for its initial public offering (IPO)...
Americana Restaurants delivers $2.41 billion revenue in FY 2023
ABU DHABI: Americana Restaurants, the leading restaurant operator in the MENA region and Kazakhstan, announced its financial results for the year 2023, showing revenue growth,...
Union Properties posts record net profit of AED 811 million in 2023
DUBAI: Union Properties PJSC (UPP) announced its preliminary financial results for the fiscal year 2023, registering a record net profit of AED 811 million, up...
Orient Insurance posts record profits of AED 636 Million in 2023
DUBAI: Orient Insurance Company (PJSC), a subsidiary of Al-Futtaim Group and a leader in the insurance market, announced today its impressive financial performance for the...
DP World Marine Services launches new direct service for fruit exporters in Colombia and Panama
DUBAI: DP World Marine Services, a leading global provider of shipping solutions, has launched a new direct service for fruit exporters in Colombia and Panama....
Emirates Steel Arkan posts 18% rise in net profit in 2023
ABU DHABI: Emirates Steel Arkan, a leading steel producer in the UAE, announced on Tuesday that it achieved a net profit of AED 601.9 million...
ADNOC Gas reports strong financial results and growth investments in 2023
ABU DHABI, UAE: ADNOC Gas, a world-class integrated gas processing company, announced its consolidated financial results for Q4 2023 and FY 2023, showing a strong...
Invictus Investment reports record revenue and expands to 10 new markets in 2023
ABU DHABI, UAE: Invictus Investment Company PLC (ADX: INVICTUS), a leading agro-food enterprise in the Middle East, Africa and Asia, announced its financial results for...
Arabian solutions and Center3 to build SAR 150 million data centers
RIYADH: A new partnership between Arabian Internet and Communications Services Company (solutions) and Digital Centers for Data and Telecommunications Company (Center3) will see the creation...
Aldar and Carlyle join forces to invest in European logistics and self-storage assets
Abu Dhabi, UAE: Aldar Properties, the UAE’s leading real estate developer, investor, and manager, has announced a strategic partnership with Carlyle (NASDAQ: CG), a global...