Despite sanctions, Iran oil exports hit six-year high: report
Tehran, Iran - Iran managed to sell an average of 1.56 million barrels per day during the first quarter of...
Economy
Red Sea Fund opens applications for production cycle
Riyadh, Saudi Arabia - The prestigious Red Sea Fund has thrown open its doors to filmmakers across Arab and African...
Arts & Culture
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...
Mastercard study: Majority of UAE SMEs confident about growth
SMEs identify easier access to funding, digital payments, training and upskilling staff as key drivers of growth Rising cost of...
Chinese insurer opens first Middle East office in Dubai
Office located at Dubai International Financial Centre SINOSURE is a state-funded insurance company established to promote China’s foreign economic and...
Ooredoo penalized for violating communications authority rules
Financial Sanctions of 3.5m Qatari Riyals imposed on company for refusing access to its facilities, violating CRA rules Ooredoo's violations...
Dubai Police customers can avail cash deposit facility
Emirates NBD-enabled service available through bank's 300 plus CDMs Service aimed at minimizing physical contact and government's digitization efforts Emirates...
Consultations begin to form new Algeria govt after polls
23 percent turnout seen as a sign of Algerians’ disillusionment with the political class FLN secures 98 of 407 seats...
US in first meeting with Israel’s new FM amid Iran moves
Lapid is flying to Rome to see Blinken The meeting comes as Biden moves ahead with fresh talks with Iran...
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Despite sanctions, Iran oil exports hit six-year high: report
Tehran, Iran - Iran managed to sell an average of 1.56 million barrels per day during the first quarter of...
Economy
Company News
MODON inks $133 m pact
Business
Latest News
Fitch maintains ‘A+’ rating of Saudi Arabia’s PIF, outlook stable
Riyadh, Saudi Arabia - Global credit agency Fitch Ratings has reaffirmed Saudi Arabia’s Public Investment Fund's (PIF) long-term foreign- and...
Economy
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
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IAEA greenlights 3 national projects in Qatar
Doha, Qatar - The International Atomic Energy Agency (IAEA) has given the green light to three new national projects in...
- The projects undertaken by Qatar under the IAEA framework aim to harness nuclear energy for peaceful and scientific sectors
- The partnership also aims to address pressing global challenges such as plastic pollution in seas through advanced technologies and awareness initiatives
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