Bloomberg Saudi Basic Industries Corp (Sabic), the Middle East’s biggest petrochemicals producer, posted a 5.4 percent increase in third-quarter pro-fit on higher prices and sales, meeting analysts’ estimates. Net income rose to 6.1 billion riyals ($1.63 billion) from 5.8 billion riyals a year ago, the Riyadh-based company said in a statement. The average estimate of analysts was for a profit ...

DUBAI / Emirates Business Commercial Bank International (CBI) announced an enterprise partnership with Microsoft Gulf. The Bank will move to the trusted Microsoft Cloud, as a key step in its digital transformation journey. Over past three decades, CBI has established itself as a leading UAE bank helping individuals and businesses manage their finances. To achieve its strategic aspiration of providing ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Sunday inaugurated the fourth session of the 16th legislative chapter of the Federal National Council (FNC). Dr Amal Abdullah Al Qubaisi, Speaker of Federal National Council, delivered a speech welcoming Sheikh Mohammed and his inauguration of the ...

Abu Dhabi / WAM The second Agriscape, the international exhibition dedicated to agricultural investments abroad, will kick off on Monday at Rosewood Abu Dhabi under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs. The event, organised by Food Security Centre Abu Dhabi under the supervision of Mariam Hareb Almheiri, Minister ...

Sharjah / WAM Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, has celebrated 15 years of successful operations which transformed the air travel industry in the wider Mena region by unveiling a new brand identity that is reflective of its innovative forward-looking and international approach. The unveiling took place during a launch ceremony at the ...

ADEN / WAM Food assistance from the UAE reached 448,000 underprivileged Yemenis last month, including 320,000 children and 65,000 women, as part of the UAE’s ongoing humanitarian and relief efforts to ease the suffering of the Yemeni people caused by the Iran-backed Houthi militias. Aid workers from the Emirates Red Crescent (ERC), distributed over 64,000 food baskets in nine governorates, ...

Dubai / WAM The UAE Government has launched the ‘Customer Councils’ initiative, to improve the quality of government services by engaging customers in creating innovative experiences based on their insights. The move aim to align the government’s services with the customers’ aspirations and needs, and to improve the relationship with them. This, in turn, will assist easier access to the ...

Dubai / WAM Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia (Measa) region, has concluded the first edition of its ‘Finance for Youth’ programme, which gathered over 45 select Emirati finance and business students and fresh graduates for five days of insightful talks and conversations at The Academy. The Programme featured ...

Dubai / WAM The Board of Directors of the Sheikh Zayed Housing Programme has approved the names of 252 citizens who are eligible for housing support, valued at AED190 million, as part of the third and final group of 800 housing support decisions that were announced at the start of the month, on the occasion of World Population Day. The ...

Al Ain / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, and Mariam Hareb Almheiri, Minister of State for Food Security, have attended the official opening of the Al Dahra BayWa Greenhouse in Al Ain. The event also welcomed Khadim Al Derai, Vice President of Al Dahra Agricultural Company; Saeed Albahri Alameri, Director-General of Abu Dhabi ...