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Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Boeing to sell some assets to Thoma Bravo

The $10.55 bn sale includes portions of digital aviation solutions business.

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex
  • 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

  • Japan tuna fetches $145,000 as Covid-19 affects year’s first auction

    The buyer hoped that the first purchase would 'brighten' a Covid-hit 2022 for customers.

    The price paid for a tuna at the first auction of the year at the Toyosu fish market fell for the third year running

    The first tuna auction of the year in Tokyo is a closely watched affair where enormous sums are often paid

  • Sony arm to make EVs

    The Sony Mobility subsidiary will be created in spring 2022.

    The Japanese firm Sony announced the founding of a new EV company to dive into the world of electric mobility

    Sony's Vision-S electric vehicle, with internal and external sensors, is being used to test autonomous driving technologies

  • What cyberthreats can Middle East expect in 2022?

    Cyberattacks in the Middle East hit record levels in 2021. Reports suggest that malware, distributed denial of service (DDOS) attacks,...

    Malware, DDOS attacks, ransomware, grew by double digits in 2021

    Vulnerabilities in network devices and 5G, and advanced ransomware attacks will be major concerns

  • Leaked memo says rusty Qantas pilots making errors: report

    Qantas recognised very early that it needed to reassess pilots' recent and current flight time requirements as well as its...

    Among the errors listed in Qantas pilot reports: starting take-off with the parking brake on and misreading the altitude as airspeed

    The memo by Qantas' fleet operations chiefs reportedly said the Covid-19 related disruption to flights meant pilots had less recent flight experience

  • Jordan to set up US$80m industrial support fund

    Jordanian Minister of Industry, Trade and Supply Youssef Shamali noted that industrial production inputs will continue to be exempt from...

    Jordanian Minister of Industry, Trade and Supply Youssef Shamali noted that industrial production inputs will continue to be exempt from any customs duties

    He said that the Jordan Enterprise Development Corporation (JEDCO) will continue to support the industrial sector by covering part of shipping costs

  • Moroccan tour operators protest pandemic restrictions

    About 200 industry workers demonstrated in front of the tourism ministry in Rabat, demanding the reopening of borders.

    About 200 industry workers demonstrated in front of the tourism ministry in Rabat, demanding the reopening of borders

    Morocco suspended all passenger flights from November 29 until January 31 as a result of rising infections of the Omicron variant worldwide

  • Space business takes centerstage as CES tech show begins

    The display of technology like the life-size model Dream Chaser ship at the CES tech show is a sharp signal...

    Companies have proposed a series of ideas which until recently sounded like long shots, such as asteroid mining

    They have also suggested less far-fetched biomedical applications or production of some types of technology

  • Expo opportunity to boost Sri Lanka’s tourism: Minister

    Foreign Minister of Sri Lanka Gamini Lakshman Peiris said that Expo 2020 Dubai is a great opportunity and a world-class...

    Sri Lankan Ministry of Tourism says 104,000 people visited the country between Jan and Feb 2021 with Indian tourists accounting for 32.1 percent.

    The presence of nearly 300,000 Sri Lankan citizens in the UAE helps enhance the bilateral ties between the two countries, the minister said.

  • Construction of DP World port in Senegal begins with laying of first stone

    President of Senegal Macky Sall on Tuesday laid the foundation stone for the construction of a port that will be...

    The investment of more than $1.13 billion in two phases to develop Port Ndayane is DP World’s largest port investment in Africa to date.

    Phase 1 of the development of the port will include a container terminal with 840m of the quay and a new 5-kilometer marine channel.