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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.

UAE and Japan discuss boosting economic, trade and industrial ties

Tokyo, Japan-- The UAE and Japan are looking to bolster economic, trade, industrial and investment ties as part of a...
  • The UAE Foreign Minister Sheikh Abdullah bin Zayed met with Japan's foreign and economy ministers to explore broadening of economic and strategic ties
  • The discussion between the two sides also touched upon bilateral cooperation in energy and climate, and the UAE's preparations for COP28 in Dubai Expo City

Iran-Turkey trade to hit US$15bn on back of private sector cooperation

Tehran, Iran-- Bilateral trade between Iran and Turkey is expected to vault to US$15 billion by 2025 on the back...
  • According to the Iranian Customs Authority, the bilateral annual trade between the two countries touched US$13.58 billion up to late March 2023
  • During the last financial year, Turkey rose to become the third largest customer of Iranian non-oil exports, with some US$7.45 billon worth of purchases

HFZA inks deal with Infinite Mining & Energy to build oil refinery

Sharjah, UAE--The Hamriyah Free Zone Authority (HFZA) has signed a deal with Infinite Mining and Energy to set up a...

SEWA holds talks with US consulate to promote innovation for energy solutions

Sharjah, UAE-- The Sharjah Electricity Water and Gas Authority (SEWA) has held talks with a US consulate-general delegation to explore...
  • The meeting also touched upon SEWA's initiatives to bring down carbon emissions and fight climate change, besides discussing the upcoming COP28 conference
  • The two sides also explored potential partnerships between SEWA and American companies in innovation and sustainable development

UAE-Turkey partnership has scaled new heights: Al Marri

Abu Dhabi, UAE-- With the signing of the Comprehensive Economic Partnership Agreement (CEPA), the UAE exporters are expected to benefit...
  • The CEPA agreement between the two countries is expected to start a new era of ties, stimulating trade, increasing investment flow, and creating jobs
  • The non-oil bilateral trade is expected to increase to US$40 billion annually in five years, and at the same time create 25,000 new jobs by 2031

Saudi NIDLP publishes report highlighting ‘achievements’ in four key sectors

Riyadh, Saudi Arabia-- In order to ensure compliance with the goals of Saudi Arabia's Vision 2030, the National Industrial Development...
  • According to NIDLP, the program continues to work diligently to achieve the desired results under the plans emerging from the Saudi Vision 2030
  • The program looks to maximize and diversify the economic impact in the four sectors, achieving sustainability and creating attractive investment environment

Qatar Finance and Business Academy signs MoU with Morgan International

Doha, Qatar-- Qatar Finance and Business Academy and Morgan International have signed a memorandum of understanding (MoU) to provide training...
  • The agreement between the two will provide individuals and organizations with training and upskilling solutions to enable them to operate within the country's financial market
  • Qatar Finance and Business Academy looks to support the process of localization in Qatar through its programs by providing the labor market with professional leaders

Saudi Arabia and UK hold discussions to boost economic partnership

London, UK-- Saudi Arabia and the UK have held discussions to boost trade and economic partnership between the two countries....
  • Saudi Commerce Minister Dr. Majid Al-Qasabi met with several British ministers and leaders of major companies in London to discuss expansion of business ties
  • The Saudi delegation presented the programs of the kingdom's Vision 2030 to expand business opportunities and investments between the two countries

UAE-Turkey non-oil intra-trade crosses US$103 billion in last 10 years

Abu Dhabi, UAE-- The UAE and Turkey economic ties have witnessed a great leap in the last decade with non-oil...
  • Raw gold topped the list of the five most key commodities imported by the UAE from Turkey in 2022, with a value of $4.35 billion
  • The UAE and Turkey inked an agreement in March this year, which looks to scale up trade between the two countries to US$40 billion in five years

Qatar and Iran to boost cooperation in labor sector

Dubai, UAE-- Qatar and Iran intend to expand cooperation in the fields of labor, employment, and exchange of skill-training experiences....
  • The two ministers met on the sidelines of the 111th session of the International Labour Conference in Geneva and discussed deepening ties
  • Qatari minister while applauding Iran's role during the sanctions said Doha will never forget Tehran's support during the period of crisis

Tunisian president emphasizes need to bolster security in Arab societies

Tunis, Tunisia--Tunisian President Kais Saied on Monday stressed the need to reach an approach that contributes to enhancing the security...

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Kings Aluminium starts building US$204m facility in KEZAD

Abu Dhabi, UAE-- Kings Aluminium Industries has begun constructing a state-of-the-art aluminium manufacturing and recycling facility in Khalifa Economic Zones...

Saudi EVIQ unveils R&D facility

It will be used to test a range of EV chargers and software.

Russia’s Gazprom sets new daily record for gas supplies to China

Moscow, Russia--Gazprom has set a new record for daily gas supplies to China via the Power of Siberia pipeline on...

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Qatar records 6 percent drop in Industrial Production Index in October

Doha, Qatar-- Qatar has recorded a 9.3 percent drop in the Industrial Production index (IPI) in the month of October...
  • The mining sector posted an 11.1 percent fall as compared to September due to the decrease in the quantities of "crude oil petroleum and natural gas"
  • However, manufacture of cement and other non-metallic mineral products posted a 4.3 percent jump, and printing and reproduction of recorded media increased by 3.2 percent

Qatar Airways and Asian Football Confederation sign partnership deal

Doha, Qatar--Qatar Airways Group and the Asian Football Confederation (AFC) have signed a global partnership set to transform the fan...
  • The airline said that the partnership will run from 2023 to 2029 in time for the AFC Asian Cup Qatar 2023, which kicks off next year in January
  • Qatar Airways CEO said that the agreements marks a shared commitment to linking up people across borders and promoting competitive sportsmanship.

Qatar receives more than 3-million tourists in 2023

Doha, Qatar-- Qatar received more than three million tourists from around the world during the ongoing year, making the oil-rich...
  • The chairman of Qatar Tourism made the remarks during his opening speech at the 26th session of the Arab Ministerial Council for Tourism, held in Doha
  • Al Kharji added that tourism has been one of the most important drivers of economic growth and sustainable development in many countries worldwide