Business - TRENDS MENA

Abu Dhabi, UAE--The Abu Dhabi Chamber of Commerce and Industry has signed an agreement with the UAE International Investors Council...

The move will help develop ADX derivatives market.
The addition of new contracts has doubled the total number of derivative products on ADX to 10 in less than a year.
Market participants will be able to trade on leverage and hedge their equity exposure using these contracts.
Air travel rose sharply in the northern hemisphere summer, traditionally the peak vacation travel season, but still remains considerably affected...
Total air traffic in August soared up by two thirds from the same time last year, but was still only at 73.7 percent of its pre-Covid level.
Asia experienced the biggest rebound, where traffic more than tripled.
TAQA Energy will sell upstream oil and gas business to Waldorf.
The financial terms of the deal were not disclosed. TAQA said the sale was made following its 5 July 2022 announcement that it had completed a review of oil and gas business.
On September 23, TAQA and ADNOC announced the financial closing of their $3.8 billion project to power and decarbonize ADNOC's offshore production operations.
Wearing a wide-brim hat and a backpack to which Abdullah Alsulmi'd affixed Saudi and Qatari flags, he said: "I consider...
To keep his load light, Alsulmi subsists on food he can buy at petrol stations, often chicken and rice, while showering and washing his clothes at mosques
Alsulmi sets out at sunrise and walks until 10 or 10:30 am, but then the heat forces him to break for a few hours before resuming in the afternoon and continuing until sundown
Both companies will merge their healthcare businesses.
Hasan Jasem Al Nowais has been appointed CEO of the new entity and will continue to lead Mubadala Health.
The new entity will also focus on collaboration with leading researchers and pharmaceutical and health-tech ecosystems.
Amid crippling energy shortages, the British government is negotiating with Qatar and Norway to secure new long-term gas contract, according...
Senior civil servants are more hesitant, with figures in the Treasury warning that Britain would be stuck with higher prices if the cost of gas more generally dips after the hike
Truss told Sky News that no agreement had been signed as it stands, but that she was committed to providing long-term energy security for the UK
The discussions took place during a business session held in collaboration with Abu Dhabi Department of Economic Development.
The discussions took place during a business session held in collaboration with Abu Dhabi Department of Economic Development
The global investment platform also announced its next annual conference on 1 and 2 March 2023 in Abu Dhabi
The ceremony was attended by Dr. Majida Al Azazi, Chairman of the Board of Directors of M Glory Holding Group,...
The new plant houses the temporary assembly line, which has a maximum production capacity of 10,000 cars per year
The setting up of the factory, according to DIC, will enable regional manufacturers like M Glory to establish businesses and further the 'Make it in the Emirates’ initiative'
The 13-nation OPEC cartel headed by Riyadh and its 10 allies led by Moscow agreed to reduce output by two...
The cut raises fears that it will turbocharge oil prices at a time when countries are already facing soaring energy-fuelled inflation.
National Security Advisor Jake Sullivan and top economic advisor Brian Deese said in a statement that Biden was "disappointed by the shortsighted decision by OPEC+".
The EU is "ready to discuss" a price cap on gas within the bloc to bring down soaring energy costs,...
Europe is facing an energy crunch as the price of electricity generation skyrockets because of a massive surge in the price of gas.
Russia, which used to be Europe's main gas supplier, has turned off the taps after being hit by EU sanctions over the war in Ukraine.