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Union Properties swings to Q2 net profit
Dubai-based developer Union Properties has reported a profit of Dh24.7 million ($6.7 million) attributable to shareholders for the second quarter compared to a loss of Dh2.29 billion for the same period last year.
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UAE national wins new Nissan Patrol at City Centre Mirdif
UAE national Shaikha Al Hosani was named the lucky winner of a brand-new Nissan Patrol Titanium 2018 during City Centre Mirdif's Dubai Summer Surprises campaign.
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Saudi Aramco reinforces key role in global energy supply
State oil giant Saudi Aramco has reinforced its role as the number one producer of crude oil and condensate, adding value by integrating refining and chemicals production, and expanding cleaner natural gas supply to meet domestic demand.
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Moody's downgrades Turkey's long-term issue ratings
Moody's Investors Service has downgraded the Government of Turkey's long-term issuer ratings to Ba3 from Ba2 and changed its rating outlook to negative, concluding the review for downgrade that was initiated in June.
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8 factors that help gain market access to Mena
UL, a global leader in helping firms enter international markets, has revealed the factors that need to be tackled by global manufacturers to gain market access to any country in the Mena region.
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Global shipping giant Maersk to exit energy sector
Denmark-based AP Moller-Maersk, the owner of the world’s biggest shipping operations, has decided to list its drilling unit separately, marking its latest step toward a complete exit from the energy industry, said a report.
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Gulf Air receives first Airbus A320neo
Gulf Air, the flag carrier of Bahrain, has taken delivery of its first A320neo, an Airbus aircraft, being powered by CFM LEAP-1A engines. With this delivery, Gulf Air has become the first Middle Eastern national carrier to fly the A320neo.
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Batelco launches novel programme for employees
Batelco, the leading digital solutions provider in Bahrain, has launched a novel programme ‘Together We Grow’, which is aimed at enhancing the culture of direct communication between the executive management and the employees.
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Al Majid Motors opens new Kia outlet in Fujairah
Al Majid Motors Company, a unit of Juma Al Majid Holding Group and an exclusive distributor for Kia Motors in the UAE, has launched its all new 5400-sq-m sales and after-sales centre at Haleefat area in Fujairah.
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AlixPartners to oversee AGHF's separation from Abraaj Group
Major investors of Abraaj Growth Markets Health Fund (AGHF) including Bill & Melinda Gates Foundation, CDC Group and Philips have signed up consulting firm AlixPartners to oversee the fund's separation from Abraaj Group.
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Bahrain announces Eid Al Adha holidays
Bahrain government has announced a four-day holiday for the public sector to mark Eid Al Adha, which will be celebrated on Tuesday (August 21).
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Bahrain PM orders action on fake unversity degrees
In a major move, Bahrain's Premier has ordered the High Education Council and its academic accreditation committees to verify the information about the degrees granted by fake or un-recognised universities outside the kingdom, said a report.
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Bahrain King pledges aid to Kerala flood victims
His Majesty King Hamad has extended a lifeline to distressed people in the south Indian state of Kerala, which has been hit by the worst floods in a century leaving more than 300 people dead and forcing 223,000 into relief camps.
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