Abu Dhabi, UAE -- Hotel revenues in the UAE reached approximately AED 45 billion ( $12.24 billion) in 2024, reflecting...
Riyadh, Saudi Arabia -- Saudi Arabia's tourism sector achieved a record surplus in the 2024 travel account, reaching SAR49.8 billion...
The rise in adjusted net profit driven by high energy prices.Excluding other income and impairments, the company reported an adjusted net profit of $196 million as compared to $128 million in 2021, an increase of 53 percent.
The increase in revenues is due to higher realized prices and production output in the Kurdistan Region of Iraq.
dans is the sole air navigation service providerfor four airports, including Dubai Airport, the world's top airport for international travellers.dans is the sole air navigation service providerfor four airports, including Dubai Airport, the world's top airport for international travellers
MBRSC is the government organisation behind space satellite projects like the Emirates Mars Mission, Emirates Lunar Mission and the UAE astronaut programme
Its operating profit rose by 12.5 percent to $24 billion.Earnings rose despite a drop in sales, with Volkswagen reporting at the beginning of the year a seven percent drop in the number of vehicles sold in 2022
Volkswagen had forecast an increase of between 8.0 and 13.0 percent
A day after the powerful earthquake devastated Turkey and Syria, Iraq's autonomous Kurdistan region has said that it resumed oil...The northern region usually exports around 450,000 barrels of oil a day through Turkey
Authorities had said exports through Turkey's Ceyhan port would resume after inspection of pipelines
US trade gap widened to a record in 2022, though expanding less than expected in December, government data said, capping...This marks the biggest deficit in government data dating back to 1960.
In December, the trade deficit expanded $6.4 billion to $67.4 billion, said the Commerce Department.
Riyadh, Saudi Arabia--The Center for the Fourth Industrial Revolution in Saudi Arabia (C4IR KSA), affiliated with the World Economic Forum...Signed on the sidelines of LEAP 23, the MoU aims to develop frameworks and policies for the governance of the fourth industrial revolution technologies in the industrial sector.
The two sides undertake to supervise the pilot studies of the projects and assess the participation of other entities in the kingdom.
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
