Doha, Qatar -- The Trump Organization signed on Wednesday its first development deal in Qatar to build a golf course...
Project Kuiper, a subsidiary of the online retail giant founded by Jeff Bezos, is playing catch-up with Starlink - SpaceX's...
Jensen Huang unveiled a raft of AI-related products in his first public speech in four years at Taiwan tech trade...The new supercomputer will -- in theory -- help the tech industry as it seeks to create more AI-related products, which require more complex computing tasks.
“We're so excited that Google Cloud, Meta and Microsoft will be the first companies in the world to have access," Huang added.
Dubai, UAE - The Dubai Financial Market (DFM) on Monday announced the offering of futures contracts on its General Index...Trading futures contracts on the DFMGI offers investors the opportunity to access DFM’s largest and most liquid stocks.
DFMGI will provide strong diversification and hedging opportunities for both retail and institutional investors.
- The five-year financing was secured by promissory notes.
The Sharia-compliant financing from Alawwal Bank will be used to pay back the existing credit facilities and for financing general corporate purposes.
Advanced Petrochemical saw its first quarter net profit drop by nearly 74 percent year on year, from 164 million riyals in Q1 2022 to 43 million riyals in Q1 2023.
SHARJAH, UAE - The Sharjah Waste-to-Energy Project, the first of its kind in the Middle East, has strengthened its efforts...Since its launch one year ago, the plant has increased its waste diversion rate from 76 percent to 90 percent.
The move aligns with the UAE's goal of achieving climate neutrality by 2050 and diversifying the energy mix.
Dubai, UAE -- Saudi Arabian Alinma Bank posted the first quarter asset growth of 19.1 percent, leading other Saudi-listed banks,...Al Rajhi Bank came second with an asset growth of 18.1 percent growth. The sector’s average growth rate stood at 11.2 percent.
In terms of deposit growth, Alinma Bank again led the way with 24.9 percent, while Bank Albilad came second with 22.5 percent.
Dubai, UAE - UAE banks experienced a significant surge in profitability during the first quarter of 2023, according to the...In Q1'23, customer deposits witnessed a remarkable growth rate of 43.5 percent, surpassing the growth of loans and advances
Net interest income (NII) witnessed a slight uptick of 0.4 percent QoQ, and the overall net interest margins (NIMs) remained stable at 2.8 percent
Baghdad, Iraq--Iraq is looking to deepen cooperation with Iran in the transport sector and facilitate the movement of pilgrims between...An official in the Iraqi ministry said discussions focused on increasing cooperation in the field of land and air transportation, and ramping up the number flights
The meeting between the Iranian and Iraqi ministers happened two days after Baghdad announced a plan to turn itself into a regional transportation hub
The cooperation of all parties will achieve the best-desired results and goals for which it was established, he adds during...OAPEC Secretary General, Jamal Al-Loughani emphasizes the need for the organization to align with international counterparts
He also warns of the impact of global developments on the oil sector growth, including rising inflation and Russia-Ukraine conflict
- Doha, Qatar--Qatar has posted a trade surplus of $6 billion in April 2023, according to a report by the country’s...
Qatar's value of imports in April dropped 6.3 percent from the previous year and 9.3 percent from the last month to touch $2.39 billion
The country's prime minister said this month that non-oil sector has grown 9.9 percent in Q4 of 2022, and oil activities also saw a 4.8 percent rise
Prague, Czech Republic-- The UAE and Czech Republic have held discussions on deepening cooperation in wide-ranging vital sectors of common...The discussions were held during the visit of Ahmed Ali Al Sayegh, Minister of State of the UAE, to the Czech Republic with the aim of boosting bilateral cooperation
The UAE minister said that non-oil exchange surpassed US$1 billion in 2022 and that there was marked growth in Czech investment in the UAE
