Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

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.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

  • Dubai retains spot as world’s top tourism FDI destination in 2021

    Dubai has retained its top rank worldwide for attracting foreign direct investment (FDI) into tourism in 2021. With AED6.4 billion...

    With $1.74 bn in FDI across 30 FDI projects during the year, Dubai ranked number one in FDI capital, projects, and job creation in the tourism sector.

    Dubai welcomed 7.28 million international overnight visitors in 2021, representing a 32 percent year-over-year growth.

  • Iraqi PM calls for joint efforts to tackle issues facing region

    Iraqi Prime Minister Mustafa Al-Kadhimi said the Middle East has been affected by climate change, water crisis, dangers of desertification,...

    The Middle East has been affected by climate change, water crisis, dangers of desertification and COVID-19 pandemic.

    Iraqi Prime Minister Mustafa Al-Kadhimi has called for joint efforts to confront the issues facing the region

  • Jeddah Summit enhances ties with US, GCC countries: Saudi minister

    Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih said that the Saudi-US and GCC-US summits, in the presence of...

    Jeddah Summit strengthens solid relations and strategic partnership between the US and GCC countries

    Economic relations between the US and the Kingdom are nearly 90 years old, says Saudi minister

  • Sharjah records real estate transactions worth $517 million in June

    A total of 747 real estate sales in 106 areas valued at $517 million were recorded in Sharjah in the...

    The total number of real estate transactions was 2,521, including 358 mortgage transactions worth AED 764 million (14.2 percent).

    The June real estate transactions in the emirate covered more than 6 million square feet and included residential, commercial, industrial, and agricultural lands.

  • UAE equities gain, Saudi market posts losses

    Abu Dhabi and Dubai stock markets climbed up, while the Saudi index tanked down by more than 1.1 percent this...

    The Saudi TASI index ended trading on Wednesday, July 13, 2022, in the red zone, to close down 127 points, or 1.1 percent, to close at the level of 11,290 points

    The general index of the Abu Dhabi Securities Exchange ended trading on Tuesday, July 12, 2022, increasing by 0.1 percent to 9,171 points

  • Startups attract huge investments in MENA

    Agritech, proptech and fintech sectors remain popular among investors as the region's startups raise nearly 76% of their capital with...

    Agritech, proptech and fintech sectors remain popular among investors as the region's startups raise nearly 76% of their capital with UAE-based firms leading from the front

    Startups in MENA countries raised US$ 323.7 million across 66 deals in June 2022, an 84 percent increase in value and a 57 percent increase in deal volume month-on-month

  • Real estate transactions worth US$1.5bn recorded in Dubai

    Dubai's real estate and property transactions valued at AED 5.5 billion ($1.5 billion) during the week ending 15 July 2022....

    186 plots were sold for US$162 million, 1,004 apartments and villas were sold for US$662 million

    The amount of mortgaged properties was worth US$561 million, highest being a building in Burj Khalifa

  • ‘Unrealistic policies to curb emissions could fuel inflation’

    Saudi Crown Prince Mohammed bin Salman warned that unrealistic policies to curb emissions could fuel inflation, as he chaired a...

    Saudi Crown Prince Mohammed bin Salman said unrealistic policies to curb emissions could fuel inflation

    Last year, Saudi Arabia pledged ahead of the COP26 climate change summit to achieve net zero carbon emissions by 2060

  • Abu Dhabi EAD launches environmental labeling program

    The Environment Agency - Abu Dhabi (EAD) launched the 'Green Industries' environmental labeling program. The program is based on best...

    The 'Green Industries' environmental labeling program is based on best international practices in the field of eco-labeling

    The program aims to build mutually supportive partnerships to enhance the contribution of industrial facilities to environmental protection.

  • Saudi citizens’ US visitor visas validity raised to 10 years

    The United States Mission to Saudi Arabia has announced that Saudi citizens visitor visas (B1/B2) validity has been increased from...

    The visitor visas (B1/B2) validity has been increased from five to 10 years and will be applicable from August 1, 2022

    The decision on the visas has been taken in cooperation with the Saudi government on a reciprocal basis