Search Site

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Work underway to normalize relations between Syria and Turkey: Russian envoy

Tehran, Iran-- Hectic efforts are underway for the restoration of ties between Syria and Turkey and also to pave way...
  • The envoy said there are roadblocks on the path to restore relations between Syria and Turkey because of the latter's military presence in the Syrian territories
  • Last year, defense ministers of Russia, Syria and Turkey met in Moscow for consultations on normalizing relations between Ankara and Damascus

Dubai Transport Authority’s digital channels record 10% jump in 2022 revenues

Dubai, UAE-- Dubai's Roads and Transport Authority (RTA) has reported a 10 percent increase in revenues for 2022 to $953...
  • RTA reported 814 million digital transactions up from 676 million in 2021, a 20 percent growth rate, in addition to a 30 percent jump in the number of registered users
  • Mattar Al Tayer, Director-General of RTA, said that the company was going ahead with its digitization projects in order to increase its global competitiveness

Global trade in commodities to expand by 1.3% annually: FAO-OECD report

Paris, France--Global trade in agricultural commodities is projected to expand by 1.3 percent annually - half the pace recorded in...
  • The FAO and OECD report said maize, wheat and soybeans contributed the most to the overall agricultural trade growth in the past decade
  • South and Southeast Asia’s net imports, after becoming a net importer of agricultural commodities in recent years, are projected to rise further

Saudi Arabia and France sign MoU to deepen ties in energy sector

Riyadh, Saudi Arabia--Saudi Arabia and France have signed a memorandum of understanding (MoU) to cooperate in the field of energy,...
  • The MoU mandates Saudi Arabia and France to ramp up cooperation in developing and sustaining supply chains for the energy sectors
  • The joint statement said that addressing climate change and promoting sustainable supplies of energy were priorities of both countries

Dubai Police records 65,942 ‘transactions’ at smart police stations in H1

Dubai, UAE-- During the first half of 2023 the Dubai Police has recorded some 65,942 smart transactions at its 22...
  • According to the police, some 66,000 smart transactions were processed without any human intervention, including the lodging of 16,000 reports
  • Major General Ali Ahmad Ghanim said residents and visitors expect top-notch police services that are both innovative and convenient

At G20 meeting, UAE urges world to collaborate in scientific research

Mumbai, India--The UAE’s Minister of State for Public Education and Advanced Technology Sarah Al Amiri has urged the global community...
  • Al Amiri made the remark during her address to ministers at the G20 Research and Innovation Initiative Gathering (RIIG) in Mumbai
  • She said that the UAE will invest some $160 billion in the next 30 years to further develop and deploy green innovations

Iran emerging as a hub for health tourism in West Asia: Raisi

Tehran, Iran--Iranian President Ebrahim Raisi has claimed that health tourism in the country has attracted patients from neighboring countries and...
  • The Iranian president claimed that patients from Central Asia and Middle East have chosen Iran over Europe to come for medical treatment
  • In May, Iranian health minister said that last year more than 1.2 million foreign patients had been to hospitals in the Islamic Republic for various treatments

Libya court imposes prison terms on three for human trafficking

One of the three, whose identities and nationalities were not given, was sentenced to life in prison and the other...
  • Libya is constantly slammed for its handling of migrants with rights groups alleging mistreatment by smuggling groups
  • With Italian shores just 290 kilometers away, Libya is a key launchpad for migrants who are often escaping conflict and poverty

DEWA exhorts customers to adhere to its safety standards

Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has exhorted community members to ensure that safety standards are always in place...
  • To improve the efficiency of electricity and water consumption in the emirate, DEWA has ruged customers to follow its tips and guidelines
  • Customers should switch off lights, use a timer for any floodlights in gardens and fences and shut off the water supply, recommends DEWA

Abu Dhabi frames new grazing regulations to protect rangelands

Abu Dhabi, UAE-- In order to protect natural rangelands and promote sustainable traditional grazing practices, the Environment Agency – Abu...
  • The introduction of the new policy by the agency will ensure the recovery of vegetation cover and promote the sustainability of biodiversity
  • The new regulation mandates that licensees should stay away at least 2km from protected areas, forests, residential, military and private areas

Qatar and China entrepreneurs explore partnerships, JVs in tech and energy

Doha, Qatar-- Businessmen and entrepreneurs from Qatar and China have discussed opportunities to set up joint ventures and commercial partnerships...

Company News

Latest News

New Year celebrations in GCC tempered by Gaza war

In Dubai and Abu Dhabi, lights and fireworks illuminated the skies as international tourists soaked up the celebratory scenes. The...

Visitors flock to Sheikh Zayed Festival, boosting exhibitors’ sales

Abu Dhabi, UAE--Sheikh Zayed Festival is witnessing a large public turnout from citizens, residents and tourists from all over the...

UNSC committee adopts guiding principles on use of UAS for terrorist purposes

NEW YORK, US – The Counter-Terrorism Committee (CTC) of the UN Security Council adopted the "Abu Dhabi Guiding Principles" and...

Most Read

Bahrain kicks off roadshow in China to boost tourism sector

Manama, Bahrain--The Bahrain Tourism and Exhibitions Authority (BETA) began a roadshow in Shanghai and Guangzhou, China, involving prominent travel, tourism,...
  • The roadshow n China looks to promote Bahrain as a prominent tourist destination in regional and global markets
  • BETA tied up with the private sector to create distinctive tourism products that contribute to boosting the economy

Dubai to host ‘Arab Strategy Forum’ next week

Dubai, UAE--The Arab Strategy Forum will commence in Dubai on January 3rd, 2024 to debate the intricate political and economic...
  • The platform will bring together prominent global leaders, strategic experts, and leading figures in the realms of politics and economics
  • Participants will examine the intricate political and economic landscape of the region, and analyze current positions of Arab nations

Excel Astra to build facility in KEZAD

The fabrication unit will cost the firm US$5.44m.
  • The new installation will benefit from the collective expertise of KEZAD and ASTRA to accelerate growth in the industry sector while creating jobs and providing products
  • The business facility is expected to source $21.78 million worth of goods and services from the local market annually, thereby strengthening the local economy