German newspapers reported that the American sports equipment giant overcame their rival's home advantage with a bid of around 100...
The financial sector plays vital role in the Kingdom's economy, with a 9.5% surge in operating income and 10.9% increase...
Rising oil prices, which have proved to be a windfall for governments and companies in the upstream sector, has strengthened...Rising oil prices, which have proved to be a windfall for governments and companies in the upstream sector, has strengthened balance sheets of the region's banking sector
Saudi Arabia and UAE have recorded the strongest quarter-on-quarter and year-on-year growth, while Qatari and Omani banks have reported relatively minor increases.
Dubai, UAE - Dubai Municipality said Monday 85 percent of of Dubai Waste Management Centre (DMWC), world’s largest waste-to-energy project,...Once fully operational, the plant’s renewable energy, generated from treating waste, will feed the local electricity grid with 215MWh of clean energy.
Located in Dubai’s Al Warsan, the project will convert 45 percent of the emirate’s municipal waste into renewable energy.
- Arab countries are constructing solar and wind energy plants with a total capacity of 73.4 gigatons, which is nearly five...
Renewable energy generation projects in the Arab countries will reach nearly 92 percent of the region's total targets by 2030.
More than 12 gigatons of wind and solar energy are currently produced in the Arab region, the report said.
Stock markets rallied Monday, building on pre-weekend momentum as investors priced in the expectation of further interest rate hikes aimed...The euro surged a day after German central bank chief signaled the European Central Bank would probably continue raising its key rate.
The European single currency rocketed more than 1.4 percent against the dollar and 1.6 percent versus the yen before trimming gains around midday.
- Norway, which has replaced Russia as Europe's leading supplier of natural gas, dashed the hopes of EU member states who...
European energy ministers who met in Brussels said they were in favor of measures for combating soaring gas and electricity prices.
European Commission has proposed a price ceiling on gas imported from Russia, several members called for a price ceiling on all gas bought by EU states.
Abu Dhabi, UAE-- The registration of 136 new industrial licenses in the first half of 2022 points to a strong growth...The number of licenses transitioning to the construction phase reached 62, with the number of licenses having moved from under-construction to in-production reaching 44 factories.
The total value of Capital Expenditures (CAPEX) of industrial establishments that switched to in-production stage rose to AED 3.1 billion compared to AED 1.03 billion in H1 2021.
An International Atomic Energy Agency team of experts said the UAE's Barakah Nuclear Power Plant (NPP) had strengthened operational safety...The Operational Safety Review Team had concluded a five-day follow up mission to the Barakah NPP.
OSART missions aim to improve operational safety by independently assessing safety performance against the IAEA’s safety standards.
The UAE Cabinet, headed by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved...The new document outlines the country’s increased climate target of reducing greenhouse gas emissions by 31 percent.
The reduction target translates into an absolute emission avoidance of 93.2 million metric tonnes of CO2e.
- The UN urged EU countries on Monday to continue battling climate change and not resort to more fossil fuels in...
Moscow's invasion of Ukraine has seen the price of natural gas hit record levels, throwing the European Union economy into deep uncertainty.
Before the war, 40 percent of the EU's gas imports came from Russia.
Abu Dhabi, UAE--Costa Rica's foreign minister Arnoldo Andre has said that the trade between his country and the UAE has...For the year 2021, the total trade between both countries reached $49.1 million.
37 Emirati companies have attended a Costa Rican trade fair to learn about the country's productive capacities and its export potential.
