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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.
  • EMC picks Mohammad Ghazi as GM

    Momani will manage Mercedes-Benz's overall performance at EMC.

    Mohammad Ghazi Al Momani possess an experience of 20 years in motoring and a degree from the University of Technology in Baghdad, Iraq

    Momani specializes in strategic planning, marketing, sales, after sales and operations, and good knowledge of the Middle East

  • DEWA’s pavilion at Dubai Expo lures visitors in droves

    Some 338,833 people visited the pavilion of Dubai Electricity and Water Authority (DEWA) at Expo 2020 Dubai between 1 October...

    Several local and international officials from public and private organizations as well as a large number of school and university students visited DEWA’s pavilion

    On the 2nd of December 2021, DEWA’s pavilion attracted over 23,400 visitors as it organized various activities to celebrate the UAE’s 50th National Day

  • Dubai records first working Friday sale worth $689m

    The total value of real estate transactions recorded in the first week of the new year exceeded AED7.24 billion (around...

    Dubai real estate transactions exceeded around AED2.53 billion (around $688 billion) as it adopted a new working week

    Jebel Ali First registered the most villa and apartment sales transactions on the first working Friday of 2022

  • Red Sea signs $19.49m deal

    It is a seven-year extension contract with Schlumberger.

    As part of the deal, RSI is expected to provide facility management services for its specialized modular camps

    This will reportedly support Schlumberger's oil drilling operations in the Eastern region of the country

  • Iraqi Airways receives its first A220-300 aircraft

    A220-300 features a modern and highly comfortable dual-class cabin that seats 132 passengers; 12 in business class and 120 in...

    A220-300 features a modern and highly comfortable dual-class cabin that seats 132 passengers; 12 in business class and 120 in economy class

    As of the end of November 2021, over 180 A220s had been delivered to 13 operators, from Asia, North America, Europe, Africa and the Middle East

  • Saudi index varies while UAE stock market starts low

    A new year saw quite some ups and downs in the top stock markets in the region, even as the...

    TASI dropped by 0.2 percent at the end of 2022 first week, as the Saudi National Bank and Aramco shares fell 1.3 and 0.8 percent, respectively

    It was a week of losses for the Abu Dhabi index, which ended with a 0.2 percent drop on Friday, as First Abu Dhabi Bank shares fell 1.1 percent

  • CES show highlights: Robo-dogs, self-sailing boat, brain tech

    The CES tech show in Las Vegas closed its 2022 edition on Friday, after pushing ahead with a significantly downsized...

    French startup Wisear is working on technology that detects the signals that zip between the brain and certain muscles, in order to use them to operate connected devices

    The Boston Dynamics robot dogs -- the ones compared to the killer four-legged bot in a dystopian "Black Mirror" episode -- are back and this time they are going to the metaverse

  • Tesla raises full self driving software price to $12,000 in US

    Earlier in 2020, Tesla had raised the Full Self-Driving (FSD) price to $10,000 from $8,000.

    Earlier in 2020, Tesla had raised the Full Self-Driving (FSD) price to $10,000 from $8,000

    Tesla has been updating its FSD software, which provides driving-assistance features such as automatically changing lanes and making turns

  • Tik Tok likely to help regional businesses this year

    Powered by a highly personalized content recommendation system TikTok can help brands connect with a qualified, engaged audience, the Talkwalker...

    Powered by a highly personalized content recommendation system TikTok can help brands connect with a qualified, engaged audience, the Talkwalker and Hubspot research says.

    In 2022, posting and sharing videos will be fundamental for any marketing campaign that wants to succeed, the research adds

  • As health concerns rise around the world, car gadgets proliferate

    The Italian startup Filo launched a Bluetooth-based alarm system for children's car seats to prevent kids from being left in...

    The auto industry is on the hunt for new gadgets and accessories to make the car cockpit feel safer

    Air purifiers, car seat alarms, and intelligent sun visors were displayed at this year's Consumer Electronics Show