Global investors dumped tech stocks following the emergence of a low-cost Chinese AI assistant startup DeepSeek that would threaten Nvidia....
DAVOS, Switzerland -- Bilel Al Souaied is an entrepreneur and venture capitalist. He is the COO of Cytomate, a leading...
Saudi government policies like 15 percent VAT exemption on real estate deals and affordable housing programs are boosting residential real...Rents and prices for residential real estate in Riyadh and other major cities such as Jeddah is growing, according to JLL.
The Saudi real estate market is expected to register a CAGR of more than 9.74 percent during 2022 - 2027, according to Mordor Intelligence.
Saudi Arabia and the United Arab Emirates said the world needs to keep investing in oil production, just days before...Sultan Al Jaber, the head of UAE oil giant ADNOC, warned that under-investment could cause a shock to the world economy
Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said the Gulf countries were both increasing production capacity.
ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan Monday received President of the Kyrgyz Republic Sadyr Japarov,...UAE and Kyrgyzstan affirmed their common interest in enhancing bilateral relations.
The meeting explored various opportunities of the UAE- Kyrgyz friendship and affirmed to further cooperation in economy, trade.
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer said DEWA had added...Mohammed bin Rashid Al Maktoum Solar Park will have a production capacity of 5,000 megawatts (MW) by 2030.
The fifth phase is currently underway, with a total capacity of 900MW and investments estimated at $560 million.
The bank’s profit for the nine-month period peaked at $719m.The hike in profit was driven by boost in total operating income, partially offset by an increase in total operating expenses by 20.18 percent.
The bank said the increase in total operating income was driven by higher net special commission income, exchange income, net as well as other operating income.
5G network will help Nedaa provide better services.With the introduction of 5G, Nedaa will be able to support enhanced services for public safety and management of vital operations.
The MoU sets a framework for upgrading the existing network capabilities and introducing agile and advanced services.
Abu Dhabi, UAE--- Abu Dhabi National Oil Company (ADNOC) announced on Monday that it has set a new Upstream Methane...ADNOC’s 0.15 percent methane intensity target means ADNOC will be ranked in the Gold Standard category by the Oil and Gas Methane Partnership 2.0 (OGMP 2.0.
Oil and Gas Methane Partnership 2.0 (OGMP 2.0 is a a multi-stakeholder initiative launched by the United Nations Environment Program (UNEP) and the Climate and Clean Air Coalition.
With prices falling and ports clogged with liquefied natural gas tankers, fears of a winter heating crisis in Europe have...Spanish gas regulator Enagas says the backlog at ports is expected to last at least until this week.
Europe has made efforts to fill its storage facilities to reduce dependence on Russian gas and sought alternative suppliers.
- As per estimates by the General Authority for Statistics (GASTAT), real Gross Domestic Product (GDP) of Saudi Arabia grew by...
The seasonally adjusted real GDP increased by 2.6 percent in the third quarter 2022 compared to the second quarter this year.
Non-oil activities grew by 5.6 percent and government services activities by 2.4 percent on a year-on-year basis.
- The total offering size expected between $357m and $362m.
On Oct. 24, Empower announced it will list 10 percent stake in its IPO and list a portion of its ordinary shares for trading on the Dubai Financial Market (DFM).
Empower said that 1 billion shares, each with a nominal value of AED0.10 (ten fils) will be made available in the offering.
