First Abu Dhabi Bank (FAB) has achieved solid results in 2024 with Group net profit reaching AED 17.1 billion, up...
London, United Kingdom -- Major stock markets mostly rallied and oil prices retreated Thursday on hopes for an end to the...
Stock markets largely steadied and the dollar rose with traders forecasting US interest rates to keep climbing following last week's...January's rally for equities was halted as investors contemplate an extended period of high borrowing costs.
Leading Asian stock markets and London managed gains Tuesday after all three main indices on Wall Street kicked off the week with losses.
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has updated its strategic plan, adding achieving net-zero by 2050 to...DEWA is steadily moving towards reducing its carbon footprint to achieve a sustainable net-zero carbon by 2050.
The production capacity of clean energy in Dubai is around 14 percent of total power generated.
ABU DHABI, UAE - The General Pension and Social Security Authority (GPSSA) of UAE has announced its key strategic objectives...The authority said that it serve the community with utmost promptness and professionalism.
There are presently 95,935 Emirati employees working in 9,082 federal, government and private entities in the UAE, who are insured by the GPSSA.
Media reports said the overnight success of ChatGPT was designated a "code red" threat at Google with founders Sergey Brin...Google's announcement came on the eve of an AI-related launch event by Microsoft in yet a further sign that the two tech giants will do battle over the technology
Before the emergence of ChatGPT, Google had been reluctant to launch its own language-based AI fearing the reputational risk of releasing technology that wasn't ready
They will share up to 50 percent of all available capacity on flights.Via Etihad Cargo’s Abu Dhabi hub, the carrier’s global network will offer connectivity to destinations around the world.
Etihad Cargo will utilize its road feeder service network to transport cargo arriving in Abu Dhabi from Nairobi to destinations throughout the UAE.
- The $53-million direct lending fund is Shariah compliant.
The fund is Merak's first credit fund under the Capital Market Authority new regulation for direct financing investment funds.
The fund aims to underwrite loans between 5 to 20 million SAR, targeting a portfolio of 20 borrowers, Merak said.
- The group's Q3 loss coincides with a slump in the tech sector.
SoftBank said that tts two Vision Fund investment vehicles alone lost 660 billion yen ($5 billion) in October-December
Its CEO Masayoshi Son has regularly defended his strategy of making major bets on high-tech firms and start-ups
The group owned by tycoon Gautam Adani lost around $120 billion in value after claims of accounting fraud were levelled...Adani said Monday it was repaying early loans worth $1.1 billion, in a move meant to reassure investors
Hindenburg accused Adani of "brazen stock manipulation and accounting fraud scheme" in "the largest con in corporate history"
Hong Kong-- Hong Kong is looking to persuade oil giant Aramco and its units to consider a secondary listing in...Hong Kong Chief Executive John Lee is embarking on his first official visit to the Middle East
The chief executive said before leaving that Saudi Arabia’s and the UAE’s development vision and needs are “exactly in line” with Hong Kong’s advantages
At the moment, the market is solidly Dubai, which is recognised as the world leader in branded residential offerings with...Increasing pressure from Saudi real estate developments will, over the coming years, force Dubai to develop even more distinctive offerings, says an expert.
This race may benefit both the development pipeline and the consumer in the region, writes Thomas Williams, Studio Director at Gensler Middle East
