We’re witnessing a period of dramatic adjustment in international trade, as tariffs and geopolitical tensions disrupt or reorient supply chains....
- Dubai, UAE -- The first half of 2025 saw the completion of 24 real estate projects valued at AED 4.5...
Amidst the escalating crackdown on key cryptocurrency players, the Middle East is emerging as a potential beneficiary and a new...Amidst the escalating crackdown on key cryptocurrency players, the Middle East is emerging as a potential beneficiary and a new frontier for the crypto industry
Bahraini cryptocurrency firm Rain comes to the UAE, while Coinbase CEO's UAE visit hints at potential expansion. Zurich's Julius Baer is also eyeing Middle East
ISLAMABAD, PAKISTAN - Five Pakistani state-owned companies are set to collaborate with Saudi Arabia’s Aramco to execute a $10 billion...The proposed joint venture will establish a mega refinery in Gwadar with a capacity of 400,000 barrels per day.
The government of Pakistan has already approved a refinery policy for new projects in the country.
MOSCOW, RUSSIA - Egypt's president on Friday called on Russia and Ukraine to find "urgent solutions" to allow the resumption of...Moscow withdrew from the agreement after protesting for months that parts of the deal that allowed for export of Russian fertilizer were not honored.
Russia refused to extend a deal brokered by UN and Turkey, under which Ukrainian grain exports passed through the Black Sea to reach global markets.
The net profit increased by 831 percent year on year.The revenue for H1 2023 experienced an 81 percent growth, amounting to AED 266 million, as opposed to AED 147 million in H1 2022.
ESG's total assets surged by 93 percent in comparison to December 2022, culminating in a value of AED 2.2 billion by June end.
- London, United Kingdom - Manchester City forward Riyad Mahrez has left the treble winners to join Saudi side Al-Ahli, the two...
The 32-year-old Algerian winger joined Pep Guardiola's team in 2018 from Leicester, winning 11 major trophies at the club.
City agreed a fee understood to be worth up to £30 million ($38.6 million) with Al-Ahli last week.
- Profits fell on lower refining margins, natural gas prices.
Natural gas prices are down sharply from the year-ago period following a mild winter.
The comparative weakness in refinery margins reflects sluggish economic conditions.
Dubai, UAE -- A total of 3,252 real estate transactions worth over AED 10.6 billion ($2.88 billion) were conducted during...The DLD report showed that 319 plots were sold for AED 1.92 billion, while 2,137 apartments and villas were purchased for AED 5.75 billion.
The total value of mortgaged properties for the week reached AED 2.53 billion. Meanwhile, 283 properties were granted between first-degree relatives worth AED 495 million.
Firm Saudi Tourism Investment Company has been set up.The company will invest in new tourism projects and develop attractive destinations with hospitality, tourist attractions.
The company will leverage Saudi Arabia’s unique strategic location between the three continents of Asia, Africa and Europe
- Adjusted net profit also fell down 49 percent in the second quarter.
Like its competitors, Eni benefited last year from the spike in gas and oil prices, fuelled by the economic recovery after the pandemic and Russia's invasion of Ukraine.
Eni posted a record net profit of 13.8 billion euros in 2022, its best result in more than two decades.
New customers and projects were added in H1 2023.In the first half of the year, Tabreed's revenue increased by 9.4 percent YoY to US$290 million, from US$265 million in H1 2022.
Earlier this month, Tabreed started operating the cooling infrastructure, officially commencing its first operations in India.
