Tuesday, July 22, 2025

Finance

Oil falls 2% on Libyan output, COVID-19 demand concerns

Libya’s NOC lifts force majeure on exports Oil fell nearly 2% on Friday, finishing lower for the week, in anticipation of a surge in Libyan crude supply and demand concerns caused by surging coronavirus cases in the United States and...

ADNOC Onshore awards Dh1.19b in contracts to raise efficiencies at three Abu Dhabi oil fields

Bab, Asab, and Sahil fields operated by energy giant will benefit from improved efficiency Abu Dhabi National Oil Company (ADNOC) has awarded three contracts worth Dh1.19 billion to boost efficiencies at its onshore field operations. This will see the procurement and...

Overseas companies can now set up operations in Dubai in five working days, no upfront fees

DMCC launches new offer that also provides overseas companies with 6-month trail run Dubai: Overseas companies wishing to set up in Dubai can do so within five working days - that's as part of a new scheme rolled out by...

Al Mal Capital’s Dh500m real estate fund IPO to launch November 8, list on DFM in January

Subscription to 'Al Mal Capital REIT' runs from November 8 to 19 Dubai: The asset management firm Al Mal Capital is all set to launch a real estate investment fund, having received regulator approval. The new entity, Al Mal Capital...

Everyone’s getting into UAE’s online grocery business, now valued at $1b plus

Delivering within 30-40 minutes is being turned into a competitive advantage Dubai: There’s still a lot of room in the UAE’s online grocery space as more players put up their ‘stalls’…. even those that haven’t been connected with the selling...

Talabat, Kuwaiti foodtech startup weaving plans to expand to Iraq

Kuwait-based foodtech startup Talabat, formerly ‘Otlob’, owned by the German logistics giant Delivery Hero, on Friday announced that the company is projecting plans to expand to Iraq. The news flashed first on Gulf Business. Founded as Otlob in 2004 by...

Expo 2020 Dubai Goes Green, Offers Big Business to SMEs

Organising Wetex, despite the challenges of Covid-19, emphasises Dubai's ability to convert challenges into opportunities. Dubai intends to transform the energy sector by reducing dependence on fossil fuel and increasing the share of alternative clean energy through smart management and...

Emirates earns top spot at Business Traveller Middle East Awards 2020

Emirates has earned top spot at the Business Traveller Middle East Awards 2020, sweeping four awards including the coveted ‘Best Airline Worldwide’ award for the seventh consecutive year. The airline also took home ‘Airline with the Best First Class’,...

‘Expo 2020 Dubai a moment to collaborate for shared future’

Reem Bint Ibrahim Al Hashemy, Minister of State for International Cooperation and Director-General of Expo 2020 Dubai Bureau has said that Expo 2020 is a moment to collaborate shared future, one of the main purposes of the world exposition. “When...

Etisalat reports a 6% increase in net profit at Dhs2.4b

Etisalat Group on Wednesday announced its consolidated financial statement for the Q3 2020 ending 30th September 2020. Etisalat Group’s consolidated revenue for the third quarter of 2020 amounted to Dhs13.0 billion, while consolidated net profit after Federal Royalty amounted to...

Latest News

Today Gold Rate in Bahrain – 22th July 2025

Today Gold Rate in Bahrain ( Bahraini Dinar) Today Per tola is BHD 485.21 while 24k Per 10 Gram...

Dr. Abeer Al Obaidi becomes Saudi’s first female professor of international law and human rights

Dr. Abeer Al Obaidi becomes Saudi's first female professor of international law and human rights Dr. Abeer Al Obaidi is the first woman in Saudi...

Today Gold Rate in Dubai (UAE) in Dirham, 21th July 2025

Today Gold Rate in Dubai (UAE) Today Per tola is AED 4,720.92 while 24k Per 10 Gram gold price is AED 4,047.50. Usually people...

Today Gold Rate in Saudi Arabia – 21th July 2025

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 4,875.47 while 24k Per 10 Gram gold price is SAR 4,180.00. Usually...

Today Gold Rate in Qatar – 21th July 2025

Today Gold Rate in Qatar Today Per tola is QAR 4,735.50 while 24k Per 10 Gram gold price is QAR 4,060.00. Usually people opt...