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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.

  • Dubai records $81 billion worth of real estate transactions in 2021

    Dubai's real estate market recorded 84,772 transactions representing a value of AED300 billion ($81 billion) in 2021, according to the...

    There was a 65 percent growth in the number of transactions and a 71 percent increase in value compared to 2020.

    A total of 52,415 investors concluded 72,207 new investments in 2021 worth AED148 billion, a growth of 73.7 percent.

  • France hits Google, Facebook with huge fines over ‘cookies’

    Cookies are little packets of data that are set up on a user's computer when they visit a website, allowing...

    Cookies are little packets of data that are set up on a user's computer when they visit a website, allowing web browsers to save information about their session

    They are highly valuable for Google and Facebook as ways to personalise advertising -- their primary source of revenue.

  • Iraq acquires ExxonMobil share

    The share was bought by Iraqi national oil company.

    The share was bought by Iraqi national oil company in the West Qurna field

    The field is one of the giant fields, the Iraqi oil ministry statement said

  • ‘Social media key to brand identity in 2022’

    Changes in digital marketing have forced the hand of digital marketers in a do-or-die way, says Farhad Divecha, founder and...

    Changes in digital marketing have forced the hand of digital marketers in a do-or-die way, says Farhad Divecha, founder and MD of AccuraCast, a UK leading digital marketing agency

    Social media sites, according to Divecha, are where consumers turn to when they want to find out about or engage with a brand, So having that presence is as important

  • Many firms to join Pure Health

    ADQ signs pact to create UAE's biggest healthcare platform.

    Under the pact, Abu Dhabi Health Services Company (SEHA) and The National Health Insurance Company PJSC (Daman) will merge into Pure Health.

    Tamouh Healthcare, Yas Clinic Group and Abu Dhabi Stem Cell Centre will also join Pure Health, which already has a diversified services portfolio.

  • Iran supplies gas for domestic consumption despite challenges: Minister

    The Oil Minister of Iran Javad Owji has said that his country has not faced the need to cut the...

    Iran used around 600 million cubic meters, around 100 million cubic meters in power generator stations, or its equivalent in gas oil, said oil minister Javad Owji.

    The country has not faced the need to cut the gas in any area despite decreased pressure problem, he said.

  • Barter best payment method in Iran-Pakistan trade: Official

    The Secretary-General of Iran-Pakistan Joint Chamber of Commerce Fahimeh Damroudi said that barter is the best choice of exchange as...

    Iranian President Ebrahim Raisi has repeatedly underlined the importance of trade development with neighbors.

    Iran's foreign trade reached $72.1 billion during the first nine months of the Iranian calendar year.

  • Mumzworld CEO says committed to supporting Mideast businesswomen

    Mumzworld has over 350 staff, with over 6,000 brands and more than 300,000 products for sale on the website, and...

    Mumzworld was built in 2011 to support women in the Arab world and help them to make informed decisions for their families.

    Ataya told that she would use her new role as a mentor, and sharing the knowledge, skills, and successes with other women.

  • ADNOC awards $946m EPC contract

    The contract awarded to NPCC for the development of Umm Shaif field.

    Over 75 percent of the total award value will flow back into the UAE economy under ADNOC’s In-Country Value (ICV) program.

    The award covers engineering, procurement, fabrication, installation and commissioning activities required to maintain Umm Shaif’s 275,000 mbd of crude production.

  • Ooredoo, Hutchison merge

    New company is named as PT Indosat Ooredoo Hutchison Tbk.

    The newly merged company will do business as PT Indosat Ooredoo Hutchison Tbk

    Indosat Ooredoo Hutchison has the scale to accelerate Indonesia's transformation into a digital society