Ring, Lloyds Bank and Snapchat hit by massive internet outage
Lloyds Bank and Halifax’s mobile apps went down for users on Monday after a major outage linked to Amazon Web...
Business
Business
Tech leaders unite to propel future-critical sectors at GITEX GLOBAL 2025
Dubai, UAE: With capabilities of AI advancing every year, its potential to address challenges once thought unsolvable is rapidly expanding,...
- The event brings together the world’s most advanced AI and tech enterprises and leaders from 180 countries, from 13-17 Oct at Dubai World Trade Centre.
- Expand North Star celebrates its 10th edition from 12-15 October at Dubai Harbour.
Geostrategy
US unveils 21-point peace proposal: Israel to withdraw from Gaza, Hamas to disarm
While the plan offers several concessions to Palestinians, it also carries provisions favorable to Israel — including Hamas’ demilitarisation and...
- The proposal marks a significant shift in Washington’s approach as earlier this year, President Donald Trump had floated the idea of relocating Gaza’s population permanently
- The new framework, however, calls for Gazans to remain in the Strip and outlines a conditional pathway toward eventual statehood
Business
Dubai Integrated Economic Zones posts record $91 billion trade in 2024
Dubai, UAE – The Dubai Integrated Economic Zones Authority (DIEZ) recorded its highest-ever trade performance in 2024, with total trade...
- The Authority’s zones handled 444,300 tons of goods last year, with electronics and precious metals driving 94 percent of overall trade.
- Dubai’s overall non-oil trade also reached record levels in 2024, with DIEZ contributing its largest-ever share.
Economy
Red Sea Global opens Shura island with three world-class resorts accessible to all
Tabuk, Saudi Arabia - Red Sea Global announced the opening of the first resorts and attractions on Shura Island, which...
- Shura Island takes its natural dolphin-shaped form as the vibrant heart of the Red Sea destination
- Inspired by the surrounding coral reefs, the island's architecture and design merge seamlessly with nature
Business
Sharjah records 361 percent growth in capital investment in H1
Sharjah, UAE -- The Sharjah FDI Office (Invest in Sharjah) has announced an exceptional increase in foreign direct investment during...
- In this time period the emirate recorded 74 FDI projects, a 57 percent surge from the 47 projects in the same period last year.
- February 2025 saw the highest volume of FDI activity in terms of both project count and capital investment.
Business
ADCB to raise $1.66bn
The rights issue aimed at boosting growth.
- The rights issue will increase ADCB's issued capital from AED 7.32 billion to AED 7.91 billion by issuing up to 592.2 million new shares.
- The new shares will be priced at AED 10.3 each, a 30% discount to ADCB’s closing share price on September 4, 2025.
Geostrategy
Israel army begins targeting Gaza City high-rises
Gaza civil defense agency spokesman Mahmud Bassal accused Israel of carrying out "a policy of forced displacement against civilians" in...
- The agency said Israeli strikes in and around Gaza City killed at least 19 people, among at least 32 Palestinians killed across the territory on Friday.
- Hamas said Israeli claims the militant group was operating in the high-rises were "nothing but flimsy pretexts and blatant lies."
Business
Borouge to pay $660m H1 dividend
Its net profit for H1 was $474 million.
- The company also reaffirmed its intention to pay a total dividend of 16.2 fils per share for 2025.
- Since its June 2022 IPO, Borouge shareholders have approved $4.24 billion in dividends.
Business
Global passenger demand grows 4% in July: IATA
GENEVA, 31st August 2025 (WAM) -- The International Air Transport Association (IATA) said Sunday that global passenger demand grew by...
- Total capacity, measured in available seat kilometers (ASK), was up 4.4 percent year-on-year.
- Capacity was up 5.8 percent year-on-year, and the load factor was 85.6 percent (-0.4 ppt compared to July 2024).
Business
UAE continues to attract major global companies for new headquarters
Dubai, UAE -- The United Arab Emirates has continued to attract global companies looking to establish regional or global headquarters....
- This trend is supported by the country's legislative and digital infrastructure, as well as its strategic location.
- A report from the Kearney Foundation ranked the UAE second among emerging markets in its "FDI Confidence Index 2025."
Ring, Lloyds Bank and Snapchat hit by massive internet outage
Lloyds Bank and Halifax’s mobile apps went down for users on Monday after a major outage linked to Amazon Web...
Business
Company News
Latest News
UAE ranks first in Arab world, 11th globally in Global Knowledge Index
Qatar was at the 38th place, Saudi Arabia at 40, Kuwait (48), Oman (52), and Bahrain (55) in the Global...
Oman sees hospitality industry revenue fall 3.5%
The National Centre for Statistics and Information says domestic guest have supported the Oman's hotels.
Cyclone Shaheen kills four in Oman; UAE, Saudi on alert
Tropical Cyclone Shaheen bore down on Oman on Sunday, killing at least three people, and authorities urged residents to evacuate...
12 die in Saudi Arabia from Covid as infection lingers
Twelve people have died in Saudi Arabia from COVID-19, taking the total count of people having succumbed to the disease...
Saudi officials seize a big load of drugs at border with Jordan
A consignment of two million illegal pills was seized by the Saudi authorities along the kingdom’s border with Jordan. The...
Dubai Integrated Economic Zones posts record $91 billion trade in 2024
Dubai, UAE – The Dubai Integrated Economic Zones Authority (DIEZ) recorded its highest-ever trade performance in 2024, with total trade...
Business
Red Sea Global opens Shura island with three world-class resorts accessible to all
Tabuk, Saudi Arabia - Red Sea Global announced the opening of the first resorts and attractions on Shura Island, which...
Economy
Sharjah records 361 percent growth in capital investment in H1
Sharjah, UAE -- The Sharjah FDI Office (Invest in Sharjah) has announced an exceptional increase in foreign direct investment during...
Business
Most Read
Geostrategy
Israel army begins targeting Gaza City high-rises
Gaza civil defense agency spokesman Mahmud Bassal accused Israel of carrying out "a policy of forced displacement against civilians" in...
- The agency said Israeli strikes in and around Gaza City killed at least 19 people, among at least 32 Palestinians killed across the territory on Friday.
- Hamas said Israeli claims the militant group was operating in the high-rises were "nothing but flimsy pretexts and blatant lies."
Business
Borouge to pay $660m H1 dividend
Its net profit for H1 was $474 million.
- The company also reaffirmed its intention to pay a total dividend of 16.2 fils per share for 2025.
- Since its June 2022 IPO, Borouge shareholders have approved $4.24 billion in dividends.
Business
Global passenger demand grows 4% in July: IATA
GENEVA, 31st August 2025 (WAM) -- The International Air Transport Association (IATA) said Sunday that global passenger demand grew by...
- Total capacity, measured in available seat kilometers (ASK), was up 4.4 percent year-on-year.
- Capacity was up 5.8 percent year-on-year, and the load factor was 85.6 percent (-0.4 ppt compared to July 2024).