Riyadh, Saudi Arabia -- The Communications, Space, and Technology Commission (CST) has said that the Saudi space economy reached $8.7...
The profit in 2021 was 1 billion euros, the company said.Sales rose by 8.7 percent to 50.7 billion euros, in line with analyst expectations.
The results were boosted by record sales in the company's agricultural division, up more than 15 percent year-on-year to 25 billion euros.
Dubai, UAE -Edmond de Rothschild Group has announced the opening of an advisory office, Edmond de Rothschild (Middle East), at...The Group has obtained an advisory license from the Dubai Financial Services Authority, which regulates services in DIFC
Ali Raza Syed, Senior Executive Officer of Edmond de Rothschild (Middle East), will be leading the local office in DIFC
The hotel, with its ultra-prime location, is one of the most sought-after real estate assets in Paris, France.The hotel, with its ultra-prime location, is one of the most sought-after real estate assets in Paris, France
The acquisition further strengthens Dubai Holding’s extensive portfolio of world-class assets in key gateway locations
- Abu Dhabi, UAE -The Central Bank of the UAE (CBUAE) has revoked the licence of Dollar Exchange, an exchange house...
The findings highlighted that the exchange house had a weak compliance framework and had failed to comply with its regulatory obligations
The central bank, through its supervisory and regulatory mandates, works to ensure that all exchange houses, their owners and staff abide by the UAE laws
The company did not offer any explanation for the decision.The announcement comes two months after the World Cup in Qatar, when Careem-branded vehicles transported visiting fans
Careem was bought by Uber Technologies Inc. in 2019 for $3.1 billion, giving the US firm market dominance across the Middle East and Pakistan
The agreement was signed at the Strategic Development Fund (SDF) stand at the Tawazun Council’s chalet, on the sidelines of...The agreement was signed at the Strategic Development Fund (SDF) stand at the Tawazun Council’s chalet, on the sidelines of IDEX and NAVDEX 2023
Avio Aero is one of the leading companies in the aviation industry that designs, manufactures and maintains civil and military aviation propulsion systems
A media report said that company has laid off 10% of its workforce.The fresh round of layoffs included product managers, big data experts and engineers working on machine learning and platform reliability
Since Musk took ownership of Twitter, the platform has been riven by chaos, with mass layoffs, and the major advertisers fleeing
There might be a global slowdown in the property market, but thanks to Russian buyers, the UAE, in contrast, has...The number of Russians who bought property in Dubai shot up by 164 percent in the first quarter of 2022.
According to Better Homes Consulting, Russians made up the largest segment of foreign real estate buyers in Dubai last year
The region's biggest economy, Saudi Arabia, was projected to accelerate to 8.3 percent in 2022 before moderating to 3.7 percent...Maroun Kairouz, Director for the Middle East and North Africa (MENA) at the World Economic Forum says GCC countries would be the least affected by the recession.
Easing of pandemic restrictions, and positive developments in the hydrocarbon market drove strong recoveries in 2021 and 2022 across the GCC, World Bank says.
- Abu Dhabi, UAE---Tawazun Council, the defense and security acquisitions authority for the UAE armed forces and Abu Dhabi police, has...
The 2.8-square-kilometer zone has been established to commence operations related to defense and security industries and associated activities.
Tawazun Industrial Park is a regional center for defense and security industries.
