The company profit vaulted to US$36bn during the year 2023.
Brussels, Belgium - The European Union's 27 member states on Friday approved landmark rules on reining in artificial intelligence, passing a key...
An international commercial flight touched down in the Afghan capital on Monday, the first since the Taliban retook power last...‘There was hardly anyone on the plane, around 10 people... maybe more staff than passengers’
Qatar Airways operated several charter flights out of Kabul last week
The Ras Al Khair plant produces 1.05 million cu m of desalinated water per day and generates 2.65 GW of...Saudi Arabia was planning to sell 60 percent stake in the Ras Al Khair plant and raise $2 billion
However, bidders backed out after considering several factors, including the plant’s age and its waning technology
- The initial price is set at AED2.30 (around $0.63) per share.
The subscription period for the Adnoc Drilling IPO will close on September 23 for UAE retail investors
It will close on September 26 for qualified domestic and international institutional investors
Apple was forced to loosen the grip it holds on its App Store payment system. The tech giant requires developers...Apple takes a commission of up to 30 percent of app purchases or transactions.
It maintains that 85 percent of the approximately 1.8 million apps at the digital shop pay nothing to the company.
It has been a roller coaster ride for insurance companies in the GCC countries and the health care sector since...Experts see up to 40 percent rise in premiums in the next two to three years.
Abu Dhabi-based Daman Insurance looking at new markets such as Kuwait and Bahrain.
In order to diversify investment opportunities, the Dubai Financial Market (DFM) will roll out new equity futures contracts on individual...Investors can trade DFM equity futures through eight brokerage firms
DFM sees growing investor interest in equity futures
- Sidra Capital, the Saudi Arabia-based investment firm, has bought an office building in the United Kingdom for $26 million.
The Countryside House HQ in Brentwood is a Grade A commercial property that has been fully let to Countryside PLC, an FTSE 250 company
Property undergoing $11m refurbishment
The CEO of the UAE-based Shuaa Capital has bought 57, 966, 523 shares in the financial firm, taking his personal...Shares were sold by Shine Investments in Commercial Projects
In 2019, Shuaa Capital, which has $14 billion in assets under management, merged with Abu Dhabi Financial Group (ADFG) in 2019
Investments from UAE-based property developers helped Bahrain’s tourism sector remain buoyant during the pandemic.Capital investment into MEA last year decreased 82 percent from 2019, dropping to $1.6 billion.
Bahrain ranked first in MENA for the number of tourism jobs created in 2020 and second for the number of tourism FDI projects.
Flights between Sharjah and Riyadh, Jeddah and Dammam to start from Sep 14Customers can now book their direct flights between Sharjah and Riyadh, Jeddah and Dammam by visiting Air Arabia's website
All passengers traveling to the kingdom are required to download "Tawakkalna" mobile app
