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ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.
  • Apple warns of flaw that lets hackers into iPhones, Macs

    Patches were released Thursday and Wednesday by the tech titan to fix what it described as a vulnerability hackers already...

    Apple did not disclose whether it had information regarding the extent to which the issue has been exploited

    The technical description indicated that a hacker could use the flaw to take control of devices, accessing any of its data or capabilities

  • Israel planning renewable energy projects in MENA region

    The companies are also developing projects in Morocco, the UAE and Bahrain, along with Egypt and Jordan.

    The companies are also developing projects in Morocco, the UAE and Bahrain, along with Egypt and Jordan

    The plans follow two years after Israel normalized relations with the UAE, Bahrain and Morocco. Israel also signed a Free Trade Agreement with the UAE

  • Facebook bans major US anti-vaccine group

    Meta spokesperson Aaron Simpson told AFP that the group's accounts at Facebook and Instagram were shuttered on Wednesday. The ban...

    The Children's Health Defense (CHD), which has been a critic of Covid vaccines, immediately accused Meta of stifling its free speech rights

    CHD said its social media accounts were followed by hundreds of thousands of people, and claimed the action by Meta came as a surprise

  • Qatar buses feel the World Cup heat in tournament test

    Getting the football hordes around the city and between the eight stadiums promises to be one of the biggest challenges....

    With more than one million people expected to descend on the tiny Gulf state for the tournament, the government is taking no chances with their multi-billion dollar preparations

    Amid sweltering summer heat, hundreds of air conditioned but mainly empty buses went out to stadiums, metro stations and pickup points

  • GCC insurers adopting sustainable finance practices

    Even as only half of the significant insurers in the region are disclosing ESG information, sustainability has gained significant traction...

    Even as only half of the significant insurers in the region are disclosing ESG information, sustainability has gained significant traction in financial services in last few years

    Regional insurers are developing ESG practices and increase in maturity in ESG reporting, with crucial best practices emerging, according to a report by Arthur D Little

  • Goal: A just energy transition that’s equitable to all

    It must be based on scientific, economic, and engineering facts, appreciate the multiple dilemmas and challenging trade-offs, and accelerate the...

    Record growth in renewables, representing over 80 percent of all new power-generating capacity last year, is the clearest sign yet that the energy transition is gathering pace

    Policies aimed at divesting from hydrocarbons too soon, without adequate viable alternatives, are self-defeating. They will undermine energy security, erode economic stability

  • Qatar World Cup tickets sale to reach 2.5 million soon : FIFA

    There are 3,010,679 tickets available altogether, with FIFA saying a "last-minute" sales period will open in the run-up to the...

    World football's governing body FIFA said that 520,532 were sold in the period between July 5 and August 16.

    In June, organizers said there had been "record-breaking" demand for tickets at a time when 1.2 million had been sold.

  • ‘RAK aims to increase number of hotel rooms in 5 years’

    CEO of the Ras Al Khaimah Tourism Development Authority (RAKTDA) Raki Phillips said that the emirate’s tourism sector aims to...

    Ras Al Khaimah plans to increase the number of hotel rooms in the emirate over the next five years to 12,747 rooms

    The rooms would be provided by over 50 hotels and resorts that offer the highest levels of service to visitors

  • UAE announces new incentives to support emirati SMEs

    The new incentives include classifying up to five enterprises under Tier 1 category per owner, instead of two enterprises, and...

    The enterprises that will benefit from the new incentives have to be members of accredited funds and programs that support SMEs in the UAE.

    Empowering SMEs is a strategic priority within the nation’s continuous efforts to develop the business sector in the UAE, said Khalil Al Khoori, an HR official.

  • Ajman Chamber discuss economic ties with Mexican envoy

    Director-General of the Ajman Chamber of Commerce and Industry (ACCI) Salem Al-Suwaidi received Ambassador of Mexico to the UAE Luis...

    The meeting between DG of Ajman Chamber and Mexican ambassador took place as part of the Chamber's efforts to diversify its external partnerships

    The two sides discussed economic cooperation and explored trade and investment opportunities between the two countries