Air Arabia Egypt marks its first flight to Istanbul
CAIRO, Egypt – Air Arabia Egypt on Sunday commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen...
Business
Jabeur hopes exploits inspire Arab women to play on tennis tour
She has brushed aside five-time Wimbledon singles title winner Venus Williams in straight sets to reach the third round for...
Ethos Invest to raise $1.38 billion through a Shariah-compliant fund
The company will invest in the UK, Europe, the MENA region, South Asia, North America Sharia-compliant investment industry is available...
Covid-19 tourism losses could cut Middle East GDP by 3.1 percent: UN
Pandemic-induced economic impact on tourism could top $4 trillion Lack of widespread vaccination in developing countries leading to mounting losses...
Qatar Investment Authority deals a blow to Credit Suisse, lowers stake
The QIA now hold a below five-percent stake in the Swiss bank Earlier it held about 133 million shares, making...
Maersk to build petrochemicals hub at King Abdullah Port
The port aims to provide logistics services for petrochemical exporters Maersk is investing in 100,000 sq m of warehousing space...
WPP teams up with Tihama to form a Saudi media joint venture
WPP and Tihama join hands to form a new Saudi media joint venture WPP will have 70 percent stake in...
UAE, Austria sign deal to spare tax payers of double taxation
The agreement was previously signed between the two countries in September 2003 Both parties aim to avoid double taxation...
Emirates Mars Mission images offer new insights into planet’s atmosphere
Courtesy images, detailed and clear observations have been made globally for the first time Observations go above and beyond the...
Study puts UAE food & beverages sector at ‘medium risk’
Key challenges faced by the UAE food and beverages sector are limited pricing power, a surge in transport costs, and...
Yahsat announces IPO, aims to raise above $800m
Offer price range has been set at AED 2.55 to AED 3.05 per share The IPO will continue till 6...
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Company News
MODON inks $133 m pact
Business
Latest News
Bayanat, Yahsat, ICEYE increase Middle East satellite fleet to 7
Abu Dhabi, UAE – Bayanat, a leading provider of AI-powered geospatial solutions, and Al Yah Satellite Communications Company (Yahsat), the...
Science
EDGE to supply metallic machined parts to Boeing
Abu Dhabi, UAE – EDGE, an advanced technology group specialising in precision engineering in the UAE’s aerospace, oil & gas,...
Business
Indian film company to operate cinemas in Saudi Arabia
Dubai, UAE - Mukta A2 Multiplex WLL, the international subsidiary of Mukta Arts, one of India's leading film production houses,...
Business
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Geostrategy
Biden, Xi take steps to reduce tensions at key summit
Central to the discussions was the commitment to restore military-to-military communications, previously severed after a visit by former House Speaker...
- In opening remarks, Biden said the US and China had to ensure that competition between them "does not veer into conflict" and manage their relationship "responsibly."
- Xi called the US-China relationship "the most important bilateral relationship," saying he and Biden "shoulder heavy responsibilities for the two peoples, and for the world."
Business
ADNIC reports $82m profit
This marks 16% increase compared to the same period last year.
- The company's focus on market-leading underwriting and investment performance resulted in a net profit of AED 301.9 million
- ADNIC's recently announced its intent to acquire a 51% stake in Allianz Saudi Fransi Cooperative Insurance Co
Geostrategy
US wants war between Israel and Hamas contained: Pentagon official
Washington, United States - United States wants to see the war between Israel and Hamas contained to Gaza and not...
- As of today, "we have not seen this war spill over into other neighboring countries and into the region," Sabrina Singh said
- However, Iranian-backed groups in Syria and Iraq have continued attacks on US troops engaged in the defeat-ISIS mission, she added