New York, United States - Boeing has suspended flight testing of its new 777X wide-body jet after identifying the failure of...
- The volume of bilateral trade between the Sultanate of Oman and the People’s Republic of China has increased 8% in...
DMCC has hosted the unveiling of one of the world’s largest internally flawless fancy vivid pink diamonds – the "Williamson...The 11.15 carat flawless pink diamond started its roadshow in Dubai, one of the world’s leading diamond trade hubs
Expected to fetch over US$21 million, the Williamson Pink Star diamond has the potential to set a new price per carat record given its incredible purity
In spite of the Western sanctions, Russia has raked in some $158 billion in energy exports in the six months...While the EU has stopped purchases of Russian coal, it is only progressively banning Russian oil and it has not adopted any limits on the imports of natural gas
The G7 countries, meanwhile, vowed Friday to push forward urgently to impose a price cap on Russian crude, a move that would deprive Russia of much of the revenue
Winning firms are exploring innovative alternatives, guided by a strong sense of purpose and a flexible strategy. Disruption doesn’t demolish...Over the past few years, shifting investor and customer expectations cemented the importance of ESG in the corporate world, allowing it to withstand these kinds of shocks
The ESG has become an explicit decision-making consideration for companies, rising to the level of finance concerns, risk, operational integrity, and customer impact
The kingdom is the largest economy in the Middle East, making it a key market for any firm operating in...Until now, Saudi had shown a circumspect approach on virtual assets, as officials questioned the speculative nature of them.
With the emergence of UAE as a global crypto hub, Saudi displayed urgency to draft formal rules pertaining to the asset class.
DUBAI, UAE - Dubai real estate market recorded 568 sales transactions worth US$373 million (AED1.37 billion) on Monday, data released...Dubai real estate market recorded 568 sales transactions worth US$373 million on Monday.
The sales included 503 villas and apartments worth US$283 million and 65 land plots worth US$88 million.
Abu Dhabi National Oil Company (ADNOC) Monday announced the award of a US$548 million (AED2.01 billion) contract to build a...The award will increase the Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic feet per day.
The project will see the construction of a new subsea pipeline that will run 85 kilometers from Zakum West Super Complex to Das Island.
Innovative technologies to produce green hydrogen using clean and renewable energy are witnessing rapid developments and studies indicate that green...The UAE aims to acquire 25 percent of the low-carbon hydrogen market which is expected to reach more than $400 billion.
The production of green hydrogen is mainly carried out through electrolysis using renewable energy sources.
A seminar organized at the film festival discussed the kingdom's cash rebate program, which is aimed at attracting international producers...The officials said there is a high level of coordination between government agencies and the private sector to build the film industry.
Last May, the Commission launched a cash rebate program to support films with up to 40 percent of the financial refund.
- The National Center for Government Resources Systems (NCGR) launched its comprehensive strategy (2022-2025).
The strategy is based on four main pillars which include raising the efficiency and effectiveness of the government in managing its resources.
It also involves maximizing benefit of NCGR's resources, superiority in providing and using data to support decision-making, excellence in risk management.
- Riyadh, Saudi Arabia—Saudi Arabia’s General Authority for Small and Medium Enterprises (Monsha'at), has signed a cooperation agreement with Aramco’s Center...
The two sides will provide shared office spaces, financial grants, and business development and mentorship programs to enable SMEs to enter the market.
Monsha'at works to organize, support and sponsor the small and medium enterprises sector in the Kingdom in accordance with best practices.
