New York, United States -- Mark Zuckerberg and Meta are spending billions to recruit top artificial intelligence talent, triggering debates...
Beijing, China -- Chinese electric vehicle maker Xiaomi received almost 300,000 pre-orders within an hour for its first sport utility...
ABU DHABI, UAE - Key UAE government entities have partnered to boost coordination between advanced technology and space sectors. The...The collaboration aims to further contribute to COP28’s inclusive ecosystem, bringing together major technology companies, global institutions.
It will encourage companies to use the UAE as a base for producing new technologies that can help drive sustainable industrial development.
- New Delhi, India--The Comprehensive Economic Partnership Agreement (CEPA) signed with the UAE and operationalized last year is a “special achievement...
The Indian minister was responding to a question by a member of parliament about whether "there are some special achievements of India's foreign policy"
He added that there is a greater integration of the Indian economy with regional and global economies, contributing to a deeper and extensive trade partnerships
Dubai, UAE - The highly anticipated 'Barbie' movie is all set to grace the big screens in the UAE on...Local theaters, including VOX Cinemas, Reel Cinemas, and Roxy Cinemas, have already opened pre-orders for eager viewers
The UAE, consistent with its practice along with other GCC countries, ensures that movies adhere to strict cultural norms before granting screening rights
Manama, Bahrain-- Looking to develop the e-commerce sector in the kingdom, Bahrain's Ministry of Industry and Commerce has published a...The ministry is monitoring e-commerce platforms and commercial activities in order to ensure that consumer interests are protected
The survey is designed to boost communication with consumers, receive complaints and observations, and develop policies and laws accordingly
- Dubai, UAE--Oil prices soared more than a dollar a barrel on Friday to record a sixth consecutive week of gains,...
UBS said, with the production cut extended, there can be a market deficit of more than 1.5 million barrels per day (bpd) in September
On Wednesday the U.S. Energy Information Administration reported that the country's crude oil inventory declined by a record 17m barrels
- The Company’s non-fuel retail business rose by over 12%.
The company's growth in total fuel volumes in the UAE and Saudi Arabia, witnessed a 9% rise in H1 2023 compared to H1 2022
The Company’s non-fuel retail business rose by more than 12% year-on-year primarily driven by a 14% increase in transactions
Dubai's off-plan sales rose 38% in value, while Abu Dhabi's doubled to $1 billion, as the market saw the addition...Dubai's off-plan sales rose 38% in value, while Abu Dhabi's doubled to $1 billion, as the market saw the addition of 7,300 new units in the former and 1,000 in the latter
Strong demand in Dubai and Abu Dhabi's office space market led to an 18% rent increase in Dubai and 11% in Abu Dhabi, says a report by Dubai Pulse digital platform
- Real estate sector remains one of the key business verticals.
Total income for the Group increased by 31 percent from US$422 million (AED 1.55 billion) in H1 2022 to US$552 million (AED 2.03 billion) during H1 2023.
Total shareholder equity increased to US$3.5 billon as of June 30 2023, compared to US$3.5 billion (AED12.84 billion) as of year ended December 31 2022.
Lower oil production, high inflation, tighter monetary policies, increased borrowing costs, and the rising cost of servicing debt continue to...The GCRI risk score in the MEA region has increased continuously for six quarters until Q1 2023, signaling a deteriorating situation.
UAE, Saudi Arabia, Kuwait and Qatar are among the top five low-risk countries in the region, while Syria, Libya and Yemen are among the 10 high-risk countries.
The decline in revenue is due to lower gas prices.The second quarter revenue stood at AED 19.8 billion, compared to Pro Forma Adjusted Revenue of AED 26.1 billion in Q2 2022.
ADNOC Gas said it shifted towards higher-margin export liquids and focused on increased efficiency.
