UAE’s global merchandise trade crossed $1trn mark in 2022: WTO
Based on data from the WTO, the UAE's export values in 2022 grew by 41%, while imports made up 22%...
Economy
DMCC posts record Q1 growth as 708 firms register
A total of 3049 new companies joined DMCC in 2022.
Business
Windward launches tool to track containers worldwide
Israel-headquartered firm Windward has launched a system that provides live-screening and tracking of containers
Haifa Group taps KBR for expansion of 2 nitric acid plant in Israel
Haifa Group has contracted KBR to expand the capacity of two nitric acid plants in Israel by 35%
Iran opens oil terminal in Gulf of Oman to bypass Strait of Hormuz
Iran has started exporting crude through its first terminal in the Gulf of Oman, bypassing the Strait of Hormuz to...
UAE is using drones to zap clouds and create rain
The UAE is making rainfall using drone technology to hit clouds with electricity to combat high temperatures
Aramco confirms data breach that entails $50m ‘ransom’ demand
Aramco has acknowledged that it had seen a data breach that has a potential $50-million “ransom” demand attached to it.
NASA rover preparing to take first Mars rock samples
Analyzing samples will reveal whether they were formed by volcanoes or are sedimentary in origin
Great Barrier Reef’s World Heritage status at risk
Visible from space, The Great Barrier Reef was added to the list in 1981 UNESCO World Heritage sites
Monthly rent in Kuwait can eat up 38 percent of your income
Average monthly rent for a three-bedroom apartment in Kuwait is about 475 KD ($1579), according to a survey by a...
Majority of employees worldwide want flexible working to continue: WEF
30 percent of 12,500 employes in 29 countries say they would look for another job if forced to go back...
German-Iranian rights activist caught Covid in Tehran jail, says daughter
Nahid Taghavi is being held in Tehran's Evin prison, awaiting sentencing on a 'security charge'
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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
UAE’s global merchandise trade crossed $1trn mark in 2022: WTO
Based on data from the WTO, the UAE's export values in 2022 grew by 41%, while imports made up 22%...
Economy
Company News
Latest News
UAE, Saudi achieve above 60 percent pre-Covid travel recovery
Travel recovery witnessed in the UAE and Saudi Arabia has been very strong, according to a survey of nearly 2,000...
Business
Funding crunch cripples Lebanon film industry
Before the Covid-19 pandemic and the country's worst-ever economic crisis, 20 to 30 films were produced in Lebanon. Today, it...
Arts & Culture
Saudi PIF buys shares in Alphabet, Zoom, Microsoft
The Fund purchased 1.8 million shares of Microsoft, 4.7 million class A shares of Zoom, and 213,000 class A shares...
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Business
ACWA Power to sign $2.4bn wind power project deal in Uzbekistan
ACWA Power Company will join hands with Uzbekistan in order to enter into a $2.4 billion deal for a 1,500-megawatt...
- It will be the biggest onshore wind project in the region and will contribute 19 percent to Uzbekistan’s overall renewable energy goals
- The plant once completed will power 1.65 million households and offset 2.4 million tons of carbon emissions per year.
Business
Dallah reports 52% profit rise
The healthcare company saw its profit vault to $40m in H1.
- The company's stock however posted a 1.9 percent drop in early Tuesday trading, but then rebounded to close 0.9 percent higher at SR118
- The uptick in revenues came on the back of continued growth in operations and higher hospital admissions during the six-month period
Business
Abu Dhabi Airports teams up with ICP to boost passenger service
The partnership aims to achieve the highest levels of service excellence at all terminals and facilities of Abu Dhabi Airports.
- The agreement stems from Abu Dhabi Airports and ICP’s keenness to adopt best practices in areas of security, safety and air transport
- Shareef Hashim Al Hashmi, CEO of Abu Dhabi Airports, said the collaboration is intended to enhance passenger experience at Abu Dhabi airports