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ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

  • Emirates to resume US flights after ‘temporary’ 5G reprieve

    Emirates said Thursday it will lift a suspension of flights to several US destinations in a "temporary reprieve" after the...

    Flights to six destinations will resume Friday, and on Saturday services to Boston, Houston and San Francisco will return to Boeing 777 planes.

    The airline announced flight suspensions on Tuesday over concerns that the 5G mobile networks launched by AT&T and Verizon could interfere with altimeters, which measure altitude.

  • Israel buying 3 military submarines from Germany

    The deal includes the purchase of three Dakar submarines, the first of which will be delivered to the Israeli navy...

    Negotiations on the deal were delayed and complicated by a suspected corruption affair involving Israel's last purchase of German submarines

    An alleged massive bribing scheme in Israel's 2012 deal to buy Thyssenkrupp submarines implicated several big fish in the country’s power structure

  • UAE restructures Securities and Commodities Authority

    The Cabinet has approved a decision to restructure the Board of Directors of the Securities and Commodities Authority, under the...

    The decision will help the Authority in promoting the performance of the financial markets in the country.

    The revamped Board will consolidate the UAE’s stature and its global leadership in this field, the authority says

  • Tadweer inks deals worth $64m

    The deals were signed at the eighth edition of EcoWASTE.

    EcoWASTE 2022, where the deals were signed, was held at Abu Dhabi National Exhibition Centre

    It was organized as part of Abu Dhabi Sustainability Week in strategic partnership with Tadweer

  • Kuwait, Saudi Arabia should develop trade, investment cooperation: KCCI

    Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer called for more bilateral efforts to achieve the desired...

    Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer called for more bilateral efforts to achieve the desired economic goals

    On ongoing economic and political developments in the Kingdom, Al-Saqer noted that the Kingdom is an ideal example to follow

  • GCC chief stresses importance of serving requirements of joint market

    GCC Secretary-General Naif Falah Al-Hajraf with the chairman of the Board of Directors of the FGCCC, Samir Abdullah Nas.

    The GCC chief has stressed the importance of building a distinctive integrative trade and investment base

    The base is expected to complete the requirements of the GCC joint market and develop GCC inter-trade relations

  • Red Cross hacked

    Hackers seized data of more than 515,000 extremely vulnerable people.

    The International Committee of the Red Cross said the hackers targeted an external company in Switzerland that it contracts to store data

    There was no evidence so far that the compromised information had been leaked or put in the public domain

  • Insta creators can charge subs

    The selected creators will be able to sell subscriptions.

    Social media users whose posts draw large audiences help platforms from Twitch and YouTube to TikTok and Instagram generate revenue

    The selected creators will be able to sell subscriptions for access to exclusive content, including live streams

  • AT&T, Verizon roll out 5G in US without huge impact on flights

    On Tuesday, both AT&T and Verizon agreed to scale back the launch of 5G near airports following an outcry from...

    A handful of international carriers removed flights to the United States from their schedules Wednesday

    However, there were no mass cancelations and some of those companies said they planned to resume service on Thursday

  • Saudi, UAE and Egypt gaming to reach $3.14bn

    A young population, increased user spending, robust govt backing for games and e-sports and new players are poised to push...

    Around half of the Middle East's population is reported to be under the age of 25, and electronic games constitute an integral component of their entertainment.

    Saudi Arabia, the UAE, and Egypt attained a total gaming revenue of US$1.76 billion in 2021.