Hub71-backed ABHI to set up global headquarters in Abu Dhabi
DUBAI, UAE - With support from the Abu Dhabi Investment Office (ADIO), Hub71-backed ABHI, an embedded finance platform founded in...Business Tech & Media
ASML profit soars to US$8.5bn
It has shrugged off geopolitical tensions to post high profits.Business
Saudi to lift ban on Qatar’s beIN Sports: source
Saudi Arabia banned the major broadcaster, which holds the rights to the English Premier League (EPL) and other top competitions,...Riyadh was seeking to settle Qatar's $1 billion arbitration claim over pirate broadcasts to Saudi audiences by the BeoutQ network
Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt cut ties with Doha over allegations it supported extremists and was too close to Iran
Arkan-Emirates Steel merger complete
The merger creates the UAE’s largest steel and building material company.The transaction provides significant revenue diversification for the Combined Group
Arkan issued to Senaat a convertible instrument, which converted into 5.1 billion ordinary Arkan shares
Natural gas market soars to record heights
Europe's reference Dutch TTF gas price hit 162.12 euros per megawatt hour and UK prices leapt to 407.82 pence per...Europe's reference Dutch TTF gas price hit 162.12 euros per megawatt hour and UK prices leapt to 407.82 pence per therm in morning deals
Soaring gas prices -- coupled with oil which has struck multi-year highs -- have fuelled fears over spiking inflation and rocketing domestic energy bills
Cisco shares vision for a digital future at Expo 2020 Dubai
Located at Expo 2020 Dubai’s Partner Hub, Cisco’s digitally powered environment takes inspiration from natural groves and their intelligent underground...Located at Expo 2020 Dubai’s Partner Hub, Cisco’s digitally powered environment takes inspiration from natural groves and their intelligent underground systems
Aligned with Expo 2020’s theme of ‘Connecting Minds, Creating the Future’, The Cisco Grove illustrates how smart, intuitive networks can create greater connectivity
Jebel Ali Free Zone buzzes with trade
Jebel Ali Free Zone has been buzzing with activity this year because of a huge jump in the number of...In a statement, Jafza said it continued to attract businesses despite the ongoing pandemic because of the business park’s location
The free zone is considered Dubai’s major source of foreign dire investment (FDI) inflows, accounting for 23.9 percent of total FDIs
BitOasis, UAE-based crypto trading platform, raises $30m to fund MENA expansion
BitOasis, the UAE-based crypto trading platform, has obtained $30 million in funding, and intends to use the capital to expand...The new funds will be used to expand the company’s presence in the region
The Series B round was led by Chicago-based VC firm Jump Capital, along with Jordanian startup platform Wamda
Dana Gas doubles its earnings to $256m from its sites in Egypt and Iraq
Dana Gas, the UAE-based natural gas company, has seen its earnings double from its operations in Egypt and Iraqi Kurdistan...In the Kurdistan Region of Iraq (KRI), the company’s share of collections from sales of condensate, LPG and gas jumped 77 percent
The company's earnings have seen a 102 percent jump to $256 million as compared to the same period last year
Aramco’s market value jumps to $2 trillion for the first time in two years
The market value of Aramco has exceeded $2 trillion after its shares vaulted to their highest level since the start...The Saudi company helped fuel a rise in the Kingdom's stock market, with the Tadawul index exceeding 11,600 points for the first time in 14 years today
Aramco shares came at the forefront of the active shares in the market, with a 1.08 percent rise and reaching SR37.45 per share
ADGM-registered can now list shares on UAE markets
Entities registered with the Abu Dhabi Global Market or ADGM will now be able to offer and list shares on...An MoU was signed between the Registration Authority of the ADGM and the Securities and Commodities Authority or the SCA.
The agreement aims to reinforce regulatory and supervisory cooperation between the two parties
Kuwait private sector partner in boosting trade ties: UAE chambers
KUWAIT: A delegation from the Federation of UAE Chambers of Commerce and Industry and officials of the Kuwait Chamber of...Federation of UAE Chambers and Kuwait Chamber hold a meeting to discuss ways of promoting investment opportunities.
Kuwait Chamber chairman expects Kuwait-Abu Dhabi cooperation in healthcare, education and food security.
