Gulf Navigation Holding reports AED11m losses in first quarter as petrochemical tanker enters dry dock Shipping firm Gulf Navigation Holding, which has recently taken on a major new investor and new board of directors, on Wednesday announced losses for the first quarter of 2019....

Image Nation Abu Dhabi, Majid Al Futtaim and MBC Studios aims to greenlight several movie and TV projects annually Image Nation Abu Dhabi, Majid Al Futtaim and MBC Studios have entered into an alliance to launch a major production partnership for film and TV projects across the Middle...

The Dubai-based ratailer's green sukuk was a first for the region and was six times oversubscribed Dubai-based retail giant Majid Al Futtaim has ruled out a possible listing for the company, despite its recently launched green sukuk being six times oversubscribed and two thirds of...

Contractor’s Q1 profit halves as pace of new awards slows Hamish Tyrwhitt, the CEO appointed to turn around the fortunes of the UAE contracting group Arabtec, has stepped down from the firm, according to a note accompanying its Q1 results. The company said in a filing to the Dubai...

Arabtec, Aldar decline on weak Q1 results Saudi Arabia's stock market rose moderately on Wednesday, lifted by its banking shares following index provider MSCI's decision to include multiple lenders, while Dubai was pressured by a string of disappointing corporate earnings. Saudi...

Damac’s net cash generated from operating activities rose sharply in Q1 Dubai’s Damac Properties reported a sharp drop in first quarter earnings (Q1) for 2019, while recorded revenues were “decent”, according to an analyst. Damac’s Q1 2019 net profit amounted to 31.06 million UAE...

New Zealand has broken ground on its Expo 2020 country pavilion being set up under the theme Care for People and Place at the Dubai gala event. To be located in the Sustainability District, it will feature an exhibition space, restaurant, hosting facilities and a design store, said senior...

Etihad Airways says offer of two free nights of hotel accommodation in UAE capital is now available until the end of 2019 Etihad Airways on Tuesday announced it is extending its free Abu Dhabi stopover campaign to the end of the year due to the popularity of the special offer in its...

Dubai Financial Market advances 3.5%, gaining more than any other major market tracked by Bloomberg, after 4% loss on Monday Investors in Dubai’s equities might be feeling whiplash after the main index went from the day’s worst performer worldwide to the biggest gainer in back-to-back...

Dubai's annual summer festival DSS returns to the city from June 21 to August 3 Dubai Summer Surprises (DSS), Dubai’s annual summer festival, returns to the city from June 21 to August 3, bringing residents and tourists a six-week line-up of sales, promotions and events, it was...