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‘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.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.
  • Apple unveils message recall, other ‘wish list’ features

    Apple opened Monday its first in-person developers conference since the onset of the pandemic with chips, maps and a way...

    Apple chief Tim Cook and his team showed off coming innovations during a keynote presentation

    No updates, however, were forthcoming on a rumored virtual reality operating system or hardware.

  • More MENA businesses now swipe virtual credit cards

    Local lenders are offering more services online to cater to a young, tech-savvy consumer base, speeding up the transition of...

    The region's digital payments business has been booming as local lenders move more services online to serve tech-savvy youthful consumers

    MENA's high concentration of fintech and digital payments technology has increased the use of virtual cards

  • Jordan’s exports from Jan-May 2022 hit $478 million

    Amman Chamber of Commerce (ACC) said that the total value of exports during the January-May period 2022 amounted to JD339...

    Number of Amman Chamber of Commerce certificates of origin issued during the past five months of 2022 reached 10,879.

    ACC issued 2, 269 certificates of origin to export goods to Saudi Arabia and 1508 certificates to the UAE.

  • Qatari businessmen to explore investment opportunities in Egypt

    The Qatari Businessmen Association discussed investment cooperation with Mohamed Abdel-Wahab, CEO of Egypt’s General Authority for Investment and Free Zones....

    Chairman of the Qatar Businessmen Association's Board of Directors Sheikh Faisal bin Qassim Al-Thani stressed upon economic cooperation between the two countries.

    He said there are multiple mutual economic opportunities between Qatar and Egypt to develop their cooperation in the trade and investment sectors.

  • Qatar Central Bank strategy for FinTech to boost sector

    Qatar Central Bank is working on designing a new strategy for financial technology and intends to launch it during the...

    Qatar Central Bank is working on the new strategy for financial technology and intends to launch it at the last quarter of 2022

    QCB is creating the necessary infrastructure to enable banks to approve payments from digital wallets

  • ADX and nine listed companies to attend investors meet in London

    Abu Dhabi Securities Exchange (ADX) and nine ADX-listed companies will meet major institutional investors in London on June 9 and...

    The delegation includes over 25 CEOs, CFOs and senior executives from ADNOC Distribution, ADNOC Drilling, Abu Dhabi Islamic Bank, Agthia and others.

    ADX said it will showcase its progress in its strategy to significantly increase liquidity and market capitalization.

  • Asian markets mixed as US jobs data give Fed room to hike rates

    Asian markets were mixed Monday following a steep drop on Wall Street in response to a forecast-topping US jobs report...

    Hong Kong, Tokyo, Shanghai and Taipei all rose, but there were losses in Sydney, Singapore, Manila and Jakarta

    US traders took flight after the closely watched non-farm payroll figures Friday, which showed more new posts created than expected

  • Commercial marinas to issue yacht sailing permits in KSA

    Some commercial marinas in Saudi Arabia would be allowed to issue yacht sailing permits which would help develop cruises in...

    Yacht sailing permits would help in developing and facilitating cruises in the Kingdom’s territorial waters

    The initiative would ensure support for tourism development and enhance employment in the sector

  • Saudi Arabia, Spain to strengthen partnerships in sustainable tourism

    Spain’s experience and expertise in tourism has already helped Saudi Arabia and more Spanish businesses will hopefully join the leading...

    Saudi Ministry of Investment of Saudi Arabia (MISA) on Sunday hosted a Spanish investment forum.

    The forum took place on the sidelines of the 116th session of the United Nations World Tourism Organization in Jeddah.

  • Financial inclusion enables access to health, education: Study

    The study stresses the need for digitally delivered financial inclusion; and for using this as a platform to distribute health...

    A Mastercard study stresses the need for digitally delivered financial inclusion; and for using this as a platform to distribute health and education services to the masses

    Mastercard, the study reveals, has brought 500 million excluded individuals into the digital economy in 2020 and will include 500 million more by 2025