Oil prices rise on Red Sea escalation, corporate earnings season
Crude prices spiked more than four percent before ebbing somewhat after the allies launched deadly strikes following weeks of disruptive...Business Economy Energy
Abu Dhabi real estate deals hit $517 million since Jan 1: DARI
Abu Dhabi, UAE -- Real estate transactions in Abu Dhabi amounted to approximately AED 1.9 billion ($517 million) in the...Business
Nayifat Finance to trade on Tadawul
Nayifat Finance Company (NFC) will start trading on Tadawul on November 22, according to a Saudi Exchange filing.The stock will have +/- 30 percent daily price fluctuation limits and +/- 10 percent static price fluctuation limits
These fluctuation limits will be applied during the first three days of listing, and from the fourth trading day onwards
Experts discuss market opportunities at DMCC Dubai Precious Metals Conference
The sector leaders addressed key trends within the global precious metals industry and how to harness current opportunities.The sector leaders addressed key trends within the global precious metals industry and how to harness current opportunities
The session, held under the title ‘Gold versus Bitcoin: competition or coexistence?’, highlighted bitcoin’s growing status as ‘digital gold’
One year from FIFA World Cup, clock ticks ever louder for Qatar
Twelve months before the 21 November, 2022 kick-off, the Qatari capital Doha is dotted with roadworks and building sites that...Twelve months before the 21 November, 2022 kick-off, the Qatari capital Doha is dotted with roadworks and building sites that are causing chaos for its inhabitants
With some Qatari infrastructure projects delayed by the pandemic, the clock is ticking more loudly than organisers might have liked
Airbus predicts 3,020 ME orders
Airbus says the Middle East will need more than 3,000 aircraft by 2040.It made the prediction in its 2021 Airbus Global Market Forecast or GMF
According to the forecast, the Middle-East region will need 3,020 new passenger and freight aircraft deliveries by 2040
Orders placed for 408 aircraft at Dubai Air Show, biggest by Indigo Partners
A total of 408 aircraft (269 firm orders and 139 commitments) were ordered at the Dubai Airshow, the first major...The orders covered the full range of commercial aircraft, including a first commitment for the A350F.
Air Lease Corporation signed a commitment for 111 aircraft, covering the full range of Airbus families.
AIQ and Baker Hughes to develop solutions for oil industry
AIQ and Baker Hughes have entered into an agreement to develop advanced analytics solutions for the global oil and gas...The initial project work will focus on developing AI solutions, analyzing drilling data and identifying opportunities for improved drilling trajectories
The project supports ADNOC’s plans to efficiently ramp up drilling activities as it boosts its crude production capacity to 5 million barrels per day by 2030
Alibaba’s profit falls 81% as China cracks down on big tech
Chinese e-commerce leader Alibaba Group said on Thursday that its profit for the most recent quarter tumbled 81 percent as...Alibaba said profit came in at 5.37 billion yuan ($833 million) for the July-September period, falling from 28.77 billion yuan earned over the same stretch last year
However, its revenue for the period also slightly missed forecasts by analysts polled
Etisalat to acquire elGrocer DMCC
The acquisition will support the telecom giant's digital ambitions.This partnership will empower consumers, enhance engagement, and drive diversification of our business, said Etisalat.
UAE is rated as one of the most advanced countries for online shopping and eCommerce market in the MENA region.
‘GCC may avoid NMCs, Abraajs with robust norms’
The region’s financial regulators must be extra vigilant to avoid catastrophic debt crises, Khalid Abdulla-Janahi, chairman of Vision 3, UAE,...Strong corporate governance framework is an integral part of ensuring clean flow of money and the GCC region is yet to make some improvements, says Khalid Abdulla-Janahi
The companies in the region should have independent board members and directors with fixed term role to ensure high level of corporate governance, the Vision 3 chief adds
EDGE and Israeli firm to set up electro-optics center in UAE
EDGE and Israel Aerospace Industries (IAI) have agreed to establish a maintenance center for a selection of IAI's systems in...Omar Al Zaabi, Senior Vice President Head of Program Acquisition at EDGE and Boaz Levy, President and CEO of IAI, signed the agreement during a ceremony at the 2021 Dubai Airshow
In addition to maintenance, the centre will advance local marketing of these systems
