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BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

US bans gear from China’s Huawei, ZTE over security risk

US authorities announced a ban on the import or sale of communications equipment deemed "an unacceptable risk to national security"...

Israel PM says FBI won’t quiz troops over journalist’s death

Outgoing Prime Minister Yair Lapid said Israeli soldiers "will not be interrogated" by the US' Federal Bureau of Investigation (FBI)...

Fully-vaccinated Saudi citizens can fly abroad from Aug 9

Also eligible for travel are citizens who recovered from virus six months ago and those who were infected six months...
  • Also eligible for travel are citizens who recovered from virus six months ago and those who were infected six months earlier and vaccinated with single dose
  • Passengers below age of 12 need to present an insurance document approved by the Saudi Central Bank

Sharjah survey to measure sector-wise growth in emirate

Department of Statistics and Community Development said the impact of government policies on the economy is reflected in the survey...

85 percent of Dubai documents electronically archived in 2021

DGW says electronic archiving part of its efforts to develop a centralized digital archive compliant with international standards

One of world’s largest carpet factories coming up in Dubai

The solar-powered facility will enable Standard Carpets to increase production capacity by 40 percent and produce and additional 400 tons...

57 Europe-bound migrants drown as boat sinks off Libya

The ship sank off the Libyan port of Khoms, some 120 kilometres east of the capital Tripoli, a key gateway...

Egypt records 13 percent jump in food exports in first half

Arab countries topped Egypt's food export market destinations with a value of $1.090 billion or 55%, followed by the European...

Fee for setting up business in Abu Dhabi cut by 94 percent

The reduced fee includes six activities within the business license and covers all fees for several government entities

Jordan’s king confirms meeting Israeli PM; seeks better relations

Abdullah said he was “encouraged” by his interaction with Bennett and stressed the need to rebuild Israeli-Jordanian relations, “because it...

Dubai realty sales worth $4.02 bn recorded in June

Mohammed Bin Rashid City, Dubai Hills Estate, Dubai Land, Green Community and Town Square top  top areas of interest for...

$500bn Saudi NEOM wants to be world’s most competitive free zone

The $500-billion mega city will have its own laws and regulations to govern itself.

US bans gear from China’s Huawei, ZTE over security risk

US authorities announced a ban on the import or sale of communications equipment deemed "an unacceptable risk to national security"...

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World food prices hold steady in October, says FAO

World food prices held steady in October, though cereal prices rose over uncertainty of a deal giving safe passage for...

Europe could face gas shortage next year, says IEA

Europe must act immediately to prevent a shortage of natural gas next year as Russia slashes deliveries in the wake...

Europe’s gas storage reserves now at over 90 percent

With prices falling and ports clogged with liquefied natural gas tankers, fears of a winter heating crisis in Europe have...

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Pound sinks against dollar on UK political uncertainty

The British pound sank against the dollar on political uncertainty after the resignation of UK Prime Minister Liz Truss, while...
  • The dollar strengthened also on expectations that the US Federal Reserve would press ahead with its program of bumper interest rate hikes.
  • Traders were girding for another possible intervention by Tokyo after the dollar went above 150 yen.

Australia strikes down recognition of Jerusalem as Israeli capital

Striking down the previous government's decision to recognize West Jerusalem as Israel's capital, Australia has said the city's status should...
  • In 2018 a conservative government led by Scott Morrison followed former US president Donald Trump's lead in naming West Jerusalem as the Israeli capital
  • Palestinians claim the eastern part as the capital of a future Palestinian state

FIFA praises Qatar’s reforms to improve living conditions of workers

Applauding Qatar's "groundbreaking reforms" that are "changing the lives of thousands of workers for the better," FIFA President Gianni Infantino...
  • Amnesty International and other groups have demanded that FIFA set up a $450 million fund for migrant workers and their families who suffered during the decade of construction
  • Officials also said on Monday that 30,000 extra hotel rooms had been added to the official accommodation platform to cater for late ticket sales