Qatar strikes new 15-year 3 mtpa LNG supply deal with KuwaitÂ
Qatar agreed on Monday to supply Kuwait with 3 million tons per annum (mtpa) of liquefied natural gas (LNG) for...
Anthropic hit with class-action lawsuit over copyright infringement
Anthropic, the Amazon-backed artificial intelligence startup, on Monday, was hit with a class-action lawsuit in California federal court over alleged...
Business
Business
Startups attract huge investments in MENA
Agritech, proptech and fintech sectors remain popular among investors as the region's startups raise nearly 76% of their capital with...
- Agritech, proptech and fintech sectors remain popular among investors as the region's startups raise nearly 76% of their capital with UAE-based firms leading from the front
- Startups in MENA countries raised US$ 323.7 million across 66 deals in June 2022, an 84 percent increase in value and a 57 percent increase in deal volume month-on-month
Business
Real estate transactions worth US$1.5bn recorded in Dubai
Dubai's real estate and property transactions valued at AED 5.5 billion ($1.5 billion) during the week ending 15 July 2022....
- 186 plots were sold for US$162 million, 1,004 apartments and villas were sold for US$662 million
- The amount of mortgaged properties was worth US$561 million, highest being a building in Burj Khalifa
Geostrategy
‘Unrealistic policies to curb emissions could fuel inflation’
Saudi Crown Prince Mohammed bin Salman warned that unrealistic policies to curb emissions could fuel inflation, as he chaired a...
- Saudi Crown Prince Mohammed bin Salman said unrealistic policies to curb emissions could fuel inflation
- Last year, Saudi Arabia pledged ahead of the COP26 climate change summit to achieve net zero carbon emissions by 2060
Economy
Abu Dhabi EAD launches environmental labeling program
The Environment Agency - Abu Dhabi (EAD) launched the 'Green Industries' environmental labeling program. The program is based on best...
- The 'Green Industries' environmental labeling program is based on best international practices in the field of eco-labeling
- The program aims to build mutually supportive partnerships to enhance the contribution of industrial facilities to environmental protection.
Geostrategy
Saudi citizens’ US visitor visas validity raised to 10 years
The United States Mission to Saudi Arabia has announced that Saudi citizens visitor visas (B1/B2) validity has been increased from...
- The visitor visas (B1/B2) validity has been increased from five to 10 years and will be applicable from August 1, 2022
- The decision on the visas has been taken in cooperation with the Saudi government on a reciprocal basis
Business
Rattled and uncertain of its future, Twitter stumbles on
Just days before the first court hearing in Twitter's lawsuit seeking to force the Tesla boss to close the $44...
- Just days before the first court hearing in Twitter's lawsuit seeking to force the Tesla boss to close the $44 billion deal, the firm is stuck in limbo
- Musk once had potential Twitter investors salivating with his talk of growing revenue fivefold and aiming for a billion users by 2028
Business
Biden to focus on oil at summit with Arab leaders in Jeddah
US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday in...
- Biden landed Friday in Saudi Arabia and met with King Salman, Crown Prince Mohammed bin Salman and other top Saudi officials
- Washington wants the world's largest exporter of crude to open the floodgates to bring down soaring gasoline prices, which threaten Democratic chances in November elections
Business
Equities climb up on back of high US consumer spending
Stocks soared Friday after retail sales data showed that US consumers continue to spend more in the latest signal of...
- Better-than-expected results from Citigroup also helped temper concerns about what lies ahead for investors as more companies report second-quarter results
- Oil prices rebounded, after slumping Thursday on recession fears
Business
Saudi Arabia, US sign 18 agreements in key sectors
The agreements -- covering space, investment, energy, communications and health -- aim to strengthen bilateral relations between the two countries.
- The agreements -- covering space, investment, energy, communications and health -- aim to strengthen bilateral relations between the two countries.
- The deals include 13 agreements made with the Ministry of Investment, the Royal Commission for Jubail and Yanbu and numerous private sector firms
Business
EU car sales down 14 percent in H1 as supply shortages persist
EU auto sales slumped by 14 percent in the first half of this year, data showed Friday, as supply shortages...
- With the lack of computer chips still hobbling production, new auto sales slumped to 4.6 million in the European Union.
- Sales in Italy tumbled by 22.7 percent, by 16.3 percent in France, 11 percent in Germany and 10.7 percent in Spain.
Qatar strikes new 15-year 3 mtpa LNG supply deal with KuwaitÂ
Qatar agreed on Monday to supply Kuwait with 3 million tons per annum (mtpa) of liquefied natural gas (LNG) for...
Company News
Latest News
Investors eye gold as safe haven amid Gaza tensions
The ongoing Gaza conflict has driven gold prices over $2,000/oz, highlighting the deep connection between geopolitical tensions and global financial...
Business
NMDC, AD Ports Group ink MoU
The firms will continue to work closely on future global projects.
Business
Most Read
Business
Dubai records realty deals worth $116 billion in nine months
Dubai, UAE -- Dubai recorded 116,116 real estate transactions worth AED 429.67 billion ($116.98 billion) during the first nine months...
- The transactions marked a 36.7 percent in value and 33.8 percent in the number of transactions compared to the same period in 2022.
- A total of 81,669 investors registered 109,186 real estate investments worth AED 278.7 billion, a growth of 50.3 percent in value.
Geostrategy
Bilateral trade in 2023 to overtake 2022 figures, says Canada’s envoy to UAE
ABU DHABI, UAE - Trade between the two countries is on an upswing with volumes this year expected to surpass...
- Trade between the UAE and Canada, worth US$4.1 billion in 2022, surpassed the 2021 figure of US$3.4 billion (AED12.7 billion).
- Bilateral trade to the tune of US$1.8 billion in H1 2023 (January to June) exceeded the US$1.7 billion worth of trade in H1 2022.
Business
Firms listed on Qatar Stock Exchange post 9M profit of $10.27bn
Doha, Qatar -- Companies listed on the Qatar Stock Exchange have reported a net profit of QR 37.42 billion ($10.27...
- According to figures published on QSE website on Tuesday, Industrials declined by 40.90 period with QR 7.005 billion in net profit to top the declining sectors.
- Net profit of Insurance was the highest with QR 853.744 million, a rise by 334.92 percent, followed by Telecoms which achieved an increase of 26.42 percent.