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BUSINESS

BUSINESS latest

Free Fuel for everyone?  Iran's bold move to beat a gasoline crisis
August 7th, 2026 - 11:33 GMT
Osama Ali

Osama Ali

Free Fuel for everyone? Iran's bold move to beat a gasoline crisis

ALBAWABA- Iran has started a statewide program to provide free compressed natural gas (CNG) to owners of dual-fuel cars, in a move aimed at reducing gasoline usage and relieving the growing pressure on the country’s fuel resources. The scheme, launched by the National Iranian Oil Refining and Distribution Company (NIORDC), allows eligible drivers to fill their vehicles free of charge at over 1,000 participating CNG stations around the country. The ...
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Gartner Poll Finds 45% of Executives Say ChatGPT Has Prompted an Increase in AI Investment
May 14th, 2023 - 09:44 GMT

Gartner Poll Finds 45% of Executives Say ChatGPT Has Prompted an Increase in AI Investment

Iraqis banned from trading in US dollar
May 14th, 2023 - 09:34 GMT

Iraqis banned from trading in US dollar

Samsung Gulf empowers Middle East gamers at top Mobile Legends tournament
May 14th, 2023 - 09:31 GMT

Samsung Gulf empowers Middle East gamers at top Mobile Legends tournament

HP Indigo Infuses the Print Production Floor with the Power of Software and Data
May 14th, 2023 - 09:28 GMT

HP Indigo Infuses the Print Production Floor with the Power of Software and Data

Emirates goes digital, phases out paper boarding passes for flights departing Dubai
May 14th, 2023 - 09:04 GMT

Emirates goes digital, phases out paper boarding passes for flights departing Dubai

Bank ABC Islamic announces first quarter 2023 net profit of US$9.9 million
May 14th, 2023 - 08:40 GMT

Bank ABC Islamic announces first quarter 2023 net profit of US$9.9 million

Gov’t sells 9.5% stake in Telecom Egypt
May 14th, 2023 - 08:29 GMT

Gov’t sells 9.5% stake in Telecom Egypt

The Islamic Development Bank (IsDB) and its development partners, the Abu Dhabi Fund for Development (ADFD), the Bill & Melinda Gates Foundation (BMGF) and the Islamic Solidarity Fund for Development (ISFD) today announced the launch of the second phase of the Lives and Livelihoods Fund (LLF 2.0) on the sidelines of the IsDB Annual Meetings 2023.  The launch event was attended by the principals of the Fund’s founding partners, including His Excellency Mohamed Saif Al Suwaidi, Director General of Abu Dhabi F
May 14th, 2023 - 08:28 GMT

Islamic Development Bank and partners launch the Lives and Livelihoods Fund 2.0 to support economic development across 32 member countries

NBB Sponsors Ahli Club at This Year’s Asian Men's Club Volleyball Championship
May 14th, 2023 - 08:19 GMT

NBB Sponsors Ahli Club at This Year’s Asian Men's Club Volleyball Championship

Emirates Development Bank Concludes Successful Participation in Annual Investment Meeting
May 14th, 2023 - 07:37 GMT

Emirates Development Bank Concludes Successful Participation in Annual Investment Meeting

Emaar records a 43% increase in net profit for Q1 2023 achieving group property sales of AED 9.2 billion ($2.5 billion)
May 14th, 2023 - 07:34 GMT

Emaar records a 43% increase in net profit for Q1 2023 achieving group property sales of AED 9.2 billion ($2.5 billion)

Emaar Development PJSC (DFM: EMAARDEV), the UAE build-to-sell property development business that is majority-owned by Emaar Properties PJSC (DFM: EMAAR), recorded robust property sales with a 26% increase to AED 8.603 billion (US$ 2.342 billion) in Q1 2023 compared to AED 6.843 billion (US$ 1.863 billion) in Q1 2022. This performance resulted from Emaar Development's successful property launches, which created a good revenue pipeline for the future and marked steady progress towards the company's strategic
May 14th, 2023 - 07:22 GMT

Emaar Development records 26% growth in property sales to AED 8.603 billion (US$ 2.342 billion) in Q1 2023

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