Syria processes first international card payment in 15 years
Dubai, UAE -- Syria has processed its first international card payment in more than 15 years, Mastercard and QNB Group...
Business
Gold prices hit highest levels in three months, oil falls
Oil prices fell by more than $1 a barrel on Monday as investors took profits ahead of an expected US...
Business
Business
Dubai completes 104 real estate projects worth over $30.22 billion
Dubai completed 104 real estate projects worth more than AED111 billion in the first half of 2026, according to Dubai...
- New units rose 36 percent to 24,537, while land allocated to completed projects more than doubled during H1.
- The completed and ready-for-handover built-up area rose 23.4 percent to 1.95 million square metres.
Business
Emarat, Dell Technologies sign AI adoption agreement
Emirates Petroleum Company P.J.S.C. (Emarat) has signed a memorandum of understanding with Dell Technologies to accelerate artificial intelligence adoption and...
- Emarat and Dell Technologies signed an agreement to accelerate intelligence adoption, identify use cases and strengthen data-driven decision-making.
- Emarat’s transformation agenda targets greater efficiency, resilience, stronger technology capabilities and sustainable growth through digital partnerships across sectors.
Business
Etihad Airways becomes first airline to accept Jaywan payments
Etihad Airways has become the first airline to accept Jaywan, the UAE’s national domestic card scheme, for flight bookings on...
- UAE customers can use Jaywan cards across Etihad’s network, while Royal holders will receive discounts and priority benefits.
- Etihad’s partnership with Al Etihad Payments follows a memorandum signed last October, deepening ties between airline and payments operator.
Saudi POS transactions fall to $3.8 billion in week ended Aug 15
Dubai, UAE -- Point-of-sale transactions in Saudi Arabia fell to nearly $3.79 billion in the week ended Aug. 15, from...
- Food and beverage purchases represented 15.5% of weekly spending, while restaurants and cafes accounted for another 12.9%.
- Electronic payments represented 85% of individual payments last year, exceeding the Financial Sector Development Program’s 70% target.
Business
Dubai Chambers, NASSCOM to expand cooperation on Agentic AI
Dubai Chambers has signed a memorandum of understanding with India's National Association of Software and Service Companies (NASSCOM) to expand...
- NASSCOM represents more than 3,500 Indian technology companies, spanning startups and multinational corporations across the country’s technology sector.
- Dubai Chambers’ Agentic AI committee will oversee training, incubators and company development to accelerate private-sector adoption of emerging technologies.
Business
Middle East Energy expects 1,528 exhibitors for 50th Dubai edition
Middle East Energy will host its 50th edition in Dubai next month with 1,528 global energy companies confirmed to exhibit,...
- The exhibition will run from Sept. 1 to 3 at Dubai World Trade Centre under the patronage of the UAE Ministry of Energy and Infrastructure.
- Buyers participating in the event's Energy Club have more than $98 billion in live energy projects across the Middle East, Africa and South Asia, organisers said.
Business
Masdar, ScottishPower complete foundations at East Anglia THREE
Abu Dhabi Future Energy Company PJSC (Masdar) and ScottishPower Renewables have completed installation of all 95 foundations at the £4...
- The project has completed its foundation phase as turbine installation passes halfway, with construction continuing toward a planned end-2026 operation.
- The development is supporting thousands of construction jobs and has directed almost £2 billion toward Britain's domestic renewable-energy supply chain.
Economy
70% Saudization for project management jobs from February 2027
Saudi Arabia's Ministry of Human Resources and Social Development (HRSD), in partnership with the Ministry of Municipalities and Housing (MOMAH),...
- The decision covers private-sector establishments employing at least three workers in targeted project management professions.
- Support includes recruitment, training, qualification, job retention and priority access to Saudization programs for covered employers.
Business
AD Ports posts 88 percent rise in second-quarter net profit
Dubai, UAE -- AD Ports Group reported a record quarterly performance for the second quarter of 2026, with net profit...
- Revenue rose 47 percent to AED7.08 billion ($1.93 billion), while EBITDA increased 49 percent to AED1.74 billion ($474 million).
- The group added 400 trucks during the quarter and increased rail service frequency with Etihad Rail.
Business
DEWA posts record H1 profit
Revenue reaches record $4.04 billion.
- DEWA’s first-half net profit rose 15.02 percent, supported by electricity, water and cooling demand, customer growth and operational performance.
- Clean energy accounted for 19.9 percent of power generated during the second quarter, as DEWA expanded renewable capacity.
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Syria processes first international card payment in 15 years
Dubai, UAE -- Syria has processed its first international card payment in more than 15 years, Mastercard and QNB Group...
Business
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Musk kicks Kanye West off Twitter for ‘incitement to violence’
West has made a series of anti-Semitic comments recently, as the one-time titan of fashion and music appears to have...
Oman sees hospitality industry revenue fall 3.5%
The National Centre for Statistics and Information says domestic guest have supported the Oman's hotels.
Proof of Covid-19 vaccination, PCR test needed to enter Expo Dubai
Expo 2020 visitors will need a coronavirus vaccination or a negative PCR test to enter, organisers in Dubai has said....
Cyberattack hits hundreds of US businesses
A US IT company urges customers to shut down their servers after the attack UN Security Council members recently warned...
Saudi Arabia to generate $150 billion in investments from its new transport policy
The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private...
Borouge okays $656m dividend
Business
Etihad Airways becomes first airline to accept Jaywan payments
Etihad Airways has become the first airline to accept Jaywan, the UAE’s national domestic card scheme, for flight bookings on...
Business
Saudi POS transactions fall to $3.8 billion in week ended Aug 15
Dubai, UAE -- Point-of-sale transactions in Saudi Arabia fell to nearly $3.79 billion in the week ended Aug. 15, from...
Dubai Chambers, NASSCOM to expand cooperation on Agentic AI
Dubai Chambers has signed a memorandum of understanding with India's National Association of Software and Service Companies (NASSCOM) to expand...
Business
Most Read
Business
Masdar, ScottishPower complete foundations at East Anglia THREE
Abu Dhabi Future Energy Company PJSC (Masdar) and ScottishPower Renewables have completed installation of all 95 foundations at the £4...
- The project has completed its foundation phase as turbine installation passes halfway, with construction continuing toward a planned end-2026 operation.
- The development is supporting thousands of construction jobs and has directed almost £2 billion toward Britain's domestic renewable-energy supply chain.
Economy
70% Saudization for project management jobs from February 2027
Saudi Arabia's Ministry of Human Resources and Social Development (HRSD), in partnership with the Ministry of Municipalities and Housing (MOMAH),...
- The decision covers private-sector establishments employing at least three workers in targeted project management professions.
- Support includes recruitment, training, qualification, job retention and priority access to Saudization programs for covered employers.
Business
AD Ports posts 88 percent rise in second-quarter net profit
Dubai, UAE -- AD Ports Group reported a record quarterly performance for the second quarter of 2026, with net profit...
- Revenue rose 47 percent to AED7.08 billion ($1.93 billion), while EBITDA increased 49 percent to AED1.74 billion ($474 million).
- The group added 400 trucks during the quarter and increased rail service frequency with Etihad Rail.