EGA advances plans to build new US aluminum plant
Abu Dhabi, UAE -- Emirates Global Aluminum, the largest ‘premium aluminum’ producer in the world, today announced the progression of...Business
Luberef net profit falls 7% in Q1
A fall in by-products sales leads to profit dip.Company News Business
Sharjah, Sfax chambers look to boost ties between UAE and Tunisia
Sharjah, UAE--The Sharjah Chamber of Commerce and Industry (SCCI) and the Chamber of Commerce and Industry of Sfax, Tunisia, held...The talks centered upon holding joint events and improving coordination to encourage businessmen to participate in exhibitions
The Sharjah Chamber received an invitation from the Tunisian side to participate in an exhibition at the Sfax International Fair
Tesla suspends production in Germany
Houthi attacks in the Red Sea caused a shortage of parts.Tesla said the Red Sea attacks had led to delays that created a "gap in the supply chains", resulting in production being suspended
Houthis have ramped up attacks on commercial and military vessels in the Red Sea in what they say is solidarity with Palestinians in Gaza.
Wars to cast pall over meeting of global VIPs in Davos
Paris, France - The world's political and business elites will convene in Davos next week, with wars in Gaza and Ukraine...Russia's nearly two-year-old assault on Ukraine has taken centre stage at previous editions of the World Economic Forum (WEF)
The gathering "is taking place against the most complicated geopolitical and geoeconomic backdrop in decades", said WEF president Borge Brende
UAE and Costa Rica conclude talks on signing CEPA
Dubai, UAE-- The UAE and Costa Rica have concluded negotiations to sign a comprehensive economic partnership agreement.In this connection, Dr....The two countries will eliminate tariffs, reduce barriers to trade, promote private-sector collaboration and create pathways for investment
Non-oil trade between the UAE and Costa Rica has been growing consistently year-on-year, climbing 23% in 2022 to reach US$60.4 million
NEOM announces Aquellum as futuristic lifestyle community
NEOM, SAUDI ARABIA - The Board of Directors of NEOM has announced Aquellum, a luxury and experiential space embedded within...Aquellum is hidden within a breathtaking 450-meter-high mountain range.
The subterranean digitalized community creates vibrancy and interconnectivity.
Saudi Arabia signs MoUs with four countries for development in mining industry
RIYADH, SAUDI ARABIA – The Ministry of Industry and Mineral Resources has signed four Memorandums of Understanding (MoUs) with the...The roundtable highlighted the need for governments and industry to achieve economic and social development for local communities.
A total of 79 governments, 13 international organizations, 15 NGOs and seven business associations took part in the roundtable.
Infosys lowers revenue forecasts
Its net profit fell 7.29% Y-o-Y in the three months to December.It reported a decline in profit for the October-December quarter, and revised its revenue growth guidance to 1.5-2.0 percent in constant currency terms
A big employer of India's engineering graduates, the company upset markets last quarter after it said it would halt campus hiring in an effort to cut costs
OYO New Year Eve bookings up 64%
Oman emerges top performer in the GCC region.Saudi Arabia with 59 percent and United Arab Emirates with 31 percent growth were the other top performers.
Siniya Island Resorts, a luxurious property in Dubai, was one of the most preferred destinations for new year celebrations.
Qatar records $222m in realty deals: Registration department
Doha, Qatar -- The volume of real estate trading in sales contracts at the Department of Real Estate Registration at...Total sales contracts for residential units in the Real Estate Bulletin for the same period were QR 19.38 million.
Real estate properties traded for sale has included vacant lands, houses, residential buildings and commercial buildings.
ACWA Power-led consortium signs deal for wind energy project
Cairo, Egypt -- The Egyptian government signed an agreement yesterday with a consortium led by the Saudi company ACWA Power...This wind energy production project in the Middle East in Egypt will be the largest in the Middle East.
With investments reaching up to $1.5 billion, the project will be established in the Gulf of Suez and Jebel El-Zeit regions, boasting a capacity of 1.1 gigawatts.
