Business - TRENDS MENA

The bank's profit crossed AED 1bn mark for the first time.

Dubai, UAE -- Dubai luxury real estate market transactions hit a new high in May, with a four-bedroom penthouse in...
The 12,113-square-feet property boasts views of both the Dubai skyline and Bulgari Marina, said Driven Properties, which sold the penthouse.
The number of transactions grew by 17 percent to 8077 in April 2023, from 6898 transactions in April 2022.
Leveraging DMCC’s strong regulatory framework and reputation within Indian business circles, the office will provide a one-stop solution for Indian...
DMCC aims to boost the relationship between the UAE and India in support of the UAE-India Comprehensive Economic Partnership Agreement (CEPA).
Trade between the UAE and India surged 14 percent after the two countries signed CEPA in 2022.
BRUSSELS, BELGIUM - The European Commission boosted its 2023 economic growth outlook for the eurozone on Monday but it also raised...
The EU executive's spring forecast is more optimistic than that issued late last year, despite inflation proving "stickier than expected".
Brussels also raised the 2024 growth forecast for the 20-country single currency zone by 0.1 points to 1.6 percent.
By filtering and treating the Treated Sewerage Effluent (TSE), it will remove additional impurities and contaminants, generating non-potable water suitable...
The water plant is likely to offer industries easy access to premium recycled water, and lower dependency on potable water.
The plant will help in bringing down the carbon footprint of industries, and enhance environmental consciousness.
The company's EBITDA for the quarter was $310 million.
The company's sales backlog stands at AED 45.680 billion (US$ 12.437 billion), indicating a healthy demand for its properties
Emaar Development delivered 1,600 residential units in Q1, with over 28,500 residences currently under development in the UAE
Kuwait City, Kuwait – Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, announced on Monday that it had...
The company will provide major plant upgrade services and cutting-edge technologies for the Sabiya Power and Water Distillation Station
Mitsubishi Power will be responsible for the upgrade of 8 units of Steam Turbines, Generators (gas and oil fired) and Control Systems unit
Abu Dhabi, UAE-- The recent partnership signed between Abu Dhabi Islamic Bank (ADIB) and Meydan Free Zone is expected to...
The partnership will enable trade license holders in the Meydan Free Zone to access ADIB's range of banking products and services
Hamed Ahli, head of Meydan Free Zone, said the MoU will drive new financing potential for companies seeking to grow from Dubai
Finance Minister Bruno Le Maire gave no details of Monday's talks with Musk, saying simply that "all of today's investments...
The two men will talk about the "attractiveness of France and its industries", Macron's office announced, with the head of state hoping for fresh investment
Finance Minister of France told that "negotiations are ongoing" with the Musk, who is in Paris for a meeting of 200 foreign business leaders with the French government
By swallowing up Newcrest, the US mining giant will cement its position as the world's biggest gold producer, with operations...
Melbourne-based Newcrest's shareholders will receive 0.4 of the US firm's shares for each Newcrest share, giving them 31 percent of the combined group
The Newmont expects to deliver US$500 million in annual "synergies" and to generate an estimated US$2 billion in cash flow as a result of the takeover
Dubai, UAE-- Oman and Etihad Rail Company, the operator of the UAE-Oman Rail Network, has signed a memorandum of understanding...
The signing of the agreement between the two will explore the possibility of transportation of iron ore between the UAE and Oman, linking it up with Vale's unit in Sohar Port
According to Suhail Mohammed al Mazrouei, UAE’s Minister of Energy and Infrastructure, the agreement is in line with the country's desire to set up partnerships with big companies