Oman, China bilateral trade grows by 8% to $15bn till May
 The volume of bilateral trade between the Sultanate of Oman and the People’s Republic of China has increased 8% in...
Business
Riyadh’s “Global Sports Tower” designs approved
Led by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the initiative's purpose is to elevate the...
Economy
Business
Dubai Customs’ department carries out nearly 62,000 inspections in Q1
The Sea Customs Centres Management, one of Dubai Customs’ departments, carried out 61,852 inspections and 120 seizures in the first...
- The Sea Customs Centres Management, one of Dubai Customs’ departments, carried out 61,852 inspections and 120 seizures in the first quarter of 2022.
- The smart scanning systems developed by Dubai Customs has increased the rate of identifying suspicious shipments.
Business
DEWA produces 700MW more energy, capacity rises to 14,117MW
DEWA has outlined expansion plans for the energy and water infrastructure based on demand forecasts until 2031, Al Tayer, MD...
- DEWA has outlined expansion plans for the energy and water infrastructure based on demand forecasts until 2031, Al Tayer, MD and CEO of DEWA said
- Al Tayer revealed that the clean energy share in Dubai’s energy mix has reached 11.5 percent and is expected to reach 14 percent by the end of 2022
Business
Al Bateen ladies’ beach in Abu Dhabi to be given makeover
Al Bateen ladies' beach in Abu Dhabi will be redeveloped with public amenities in order to brighten its appeal as...
- The beach covers more than 36,580 sqm and will feature a restaurant, cafes, a prayer room and a convenience store
- The beach will be temporarily closed from 4th July until its completion in the second quarter of 2023
Business
Pilatus and Strata partner to make UAE’s first hot press parts
The newly updated agreement between the two companies will pave the way for the production of Pilatus PC-24 Super Versatile...
- The newly updated agreement between the two companies will pave the way for the production of Pilatus PC-24 Super Versatile Jet interiors
- Strata has committed to a 70 percent Emiratisation rate for the project, and will be utilizing their next-gen Hot Press technology alongside a suite of Autoclave products
Interview
Tinder Swindler opens doors for justice, says Pernilla
The star of the documentary drama, Pernilla Sjoholm, said that they have received support from the people. She said that...
- Actor says they have received a lot of support from people who have watched the docudrama
- She said that the documentary drama has helped opened doors for justice
Business
Tokyo equities climb up on back of Wall Street gains
Tokyo stocks opened higher on Monday as investors took heart from gains on Wall Street while staying cautious over the...
- The benchmark Nikkei 225 index was up 0.71 percent, or 184.45 points, at 26,120.07 in early trade, while the broader Topix index was up 0.97 percent, or 17.92 points, at 1,862.96
- Analysts said investors will be closely watching the outcome of this week's Federal Reserve meeting as well as speeches by senior officials from the US central bank
Business
Digital payments scan success in UAE, but scams too
The rise of digital payments also increases the chances of payment frauds in the region, Damon Madden, Head of Business...
- The rise of digital payments also increases the chances of payment frauds in the region, Damon Madden, Head of Business Development - Fraud at ACI Worldwide, tells TRENDS
- As more banks and financial services companies adopt financial technology, newer and innovative ways of digital payments are emerging in the UAE, experts point out
Jordan port workers strike as officials sacked over deadly gas leak
Hundreds of port workers staged a strike in Jordan on Sunday as the prime minister announced the sacking of several...
- About 95 percent of the 2,300 Aqaba port workers participated in the strike, according to AFP
- At least 13 people, including five Vietnamese nationals, were killed and more than 260 others injured
Economy
Iraq’s June crude oil export revenue $11 billion: Ministry
Iraq received in excess of $11 billion as revenue for crude oil export in June, the Ministry of Oil said....
- Crude oil export in June from oil fields in central and southern Iraq amounted to (97) million (980) thousand and (589) barrels.
- Total exported quantities from Kirkuk fields through Ceyhan port amounted to one million (910) thousand and (887) barrels.
Geostrategy
Arab finance ministers mull over food security, Ukraine war
Foreign ministers of Arab nations discussed in Beirut a range of regional crises, with emphasis on food security and the...
- The discussions of the ministers dealt with the impact of the Ukraine war on the region and food security
- As for the Ukraine war, the Arab diplomats were unanimous in rejection of any politicization of international organizations
Oman, China bilateral trade grows by 8% to $15bn till May
 The volume of bilateral trade between the Sultanate of Oman and the People’s Republic of China has increased 8% in...
Business
Company News
Latest News
SAB sees $26m negotiated deal
Business
Sulaiman Al Habib 9M profit $405m
The Group reported a nearly 16% year-on-year rise in revenues.
Business
Lebanon court orders ex-car boss Ghosn out of Beirut home
Ghosn and his wife must "vacate the property... within a month", according to a copy of the decision seen by...
Business
Iran, Russia to invest $38bn in developing INSTC
TEHRAN, IRAN – The Iranian head of Solyanka Port in Russia said that the International North-South Transport Corridor (INSTC) is a...
Geostrategy
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Business
Durar launches ‘MASA Residences’ in Ras Al Khaimah worth US$190.58m
RAS AL KHAIMAH -- Durar, a prominent UAE real estate developer, is set to launch MASA Residences, a luxury residential...
- Christie’s International Real Estate Ras Al Khaimah will exclusively handle sales and marketing for the development
- The project marks Durar's entrance into the UAE's northern Emirates and is poised to elevate Al Marjan Island's landscape
Business
Oil prices surge 3 percent amid Middle East tensions
New York, United States - Oil prices experienced a 3% surge on Friday, reaching a one-week high, driven by escalating...
- Brent crude futures increased by $2.55, or 2.9%, settling at $90.48 a barrel, while US West Texas Intermediate (WTI) crude saw a rise of $2.33, or 2.8%, closing at $85.54
- The widening gap between Brent and WTI prices, reaching its highest level since March, is making it more enticing for energy firms to export crude from the U.S.
Business
Chevron Q3 profit falls
Its earnings fell to US$6.5bn, down from $11.2bn last year.
- Its earnings have dropped from record year-ago levels as crude prices eased and higher costs ate up refining and chemical profits
- The company agreed to buy U.S. rival Hess Corp for $53 billion in an all-stock deal that expands its shale and deepwater oil production