Search Site

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.
  • US airlines cancel hundreds of flights during holiday weekend

    Airlines cancelled several hundred US flights Saturday at the start of a long and almost certainly messy holiday travel weekend...

    Transportation Secretary Pete Buttigieg put out a series of tweets that were essentially consumer tips on what to do if one's flight is cancelled

    Airlines say they're working to address the situation, recruiting pilots and other staff and trimming summer seat capacity by 15 percent

  • France looks to invest in Saudi energy, technology sectors

    France is looking to invest in energy, technology, water and industrial services sectors in Saudi Arabia, according to the French...

    The French government and the private sector are working to expand the number of companies operating in the Kingdom, which currently stands at about 135

    The kingdom, according to the diplomat, is an attractive region with a suitable environment for investments in all its vital sectors.

  • Qatar First Bank buys Gateway Plaza

    The move aims to deepen Doha-based bank's presence in US real estate market.

    The purchase is the bank's fourteenth investment under its new Shari'a compliant real estate investment strategy

    The property houses the headquarters of prominent firms, with long lease terms and rental escalations

  • US companies struggle with rising dollar

    The rapid rise of the US dollar since the start of the year is a double-edged sword for American multinational...

    For an importer, the surge in the greenback against the euro, yen or British pound is a plus, because it makes the products they buy cheaper

    The greenback has risen 13 percent compared to the euro over the last 12 months, approaching parity, and gained 22 percent against the yen

  • Saudi and UAE stock markets end the week lower

    The Saudi and UAE stock markets ended the week lower as concerns about slowing global economic growth impacted investor sentiment....

    Saudi and UAE stock markets ended the week lower, following Asian markets

    Concerns about slowing global economic growth impacted investor sentiment

  • Jeddah Season 2022 concludes, 6m visitors attend events

    Jeddah Season 2022 lasted for 60 days and was full of exciting shows, programs, activities that took place in 13...

    Jeddah Season this year lasted for 60 days and it was full of exciting shows

    The shows, programs and activities took place across 13 locations in Jeddah

  • ‘Technology has to fix fake news problem’

    Faisal Abbas, editor of Arab News, believes that it is almost impossible that journalists alone can fix the problem of...

    He believes that fake news has always existed since time immemorial, and that social media quickened its spread around the globe

    He feels that while technology can deduce manipulation and flag it, media around the world ought to combat fake news too

  • Saudi Arabia to build first carbon-free smart city

    AlNama smart city being developed in Saudi Arabia will be a zero-carbon community, according to the Dubai's URB entrusted with...

    Spread over an area of 10 square kilometers in Riyadh, the hospitality hub will create around 10,000 jobs including green-tech industries to create a ‘green circular economy’

    The project is planned to provide 11,000 residential units and an eventual population of 44,000 people

  • Equity markets mixed as eurozone inflation hits record

    Wall Street stocks shrugged off early weakness to begin the second half of 2022 on a solid note Friday, but...

    Investors are coming off the worst six-month start to a year for the S&P 500 since 1970

    The ECB stated last month that it will deliver its first interest rate hike in more than a decade in July to combat inflation

  • Jewels of Emirates Show features 20 UAE and international designers

    The third edition of The Jewels of Emirates Show, UAE’s inaugural event specializing in diamond jewelry, gold, silver and luxury watches...

    The four day event is organized by Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce & Industry.

    The show has numerous special surprises for its visitors, including valuable gold, jewelry gifts and vouchers up to 1000AED.