ABU DHABI, UAE – World trade ministers were locked in disagreement Thursday on fisheries subsidies, agriculture and digital customs duties as...
- Abu Dhabi, UAE - The number of AI companies registered in Abu Dhabi grew at a compound annual rate of...
Saudi Arabia has sold two bonds--a sukuk tranche and a conventional bond--for $3.25, the kingdom's National Debt Management Center (NDMC)...The value of the first tranche is at $2 billion for a nine-and-a-half-year sukuk maturing in 2031.
The second tranche of $1.25 billion is for a 30-year bond maturing in 2051.
“The governments of the UAE and Bahrain, in light of the fraternal ties and long-term mutual interests between the two...According to the Bahrain News Agency, Mumtalakat and Mubadala Investment Co will launch the new fund together
Bahraini Crown Prince Salman bin Hamad Al Khalifa announced the deal during a visit to the UAE
A judge rejected Apple's request to delay letting App Store offerings bypass its payment system as ordered by the court...Epic filed the lawsuit to break Apple's grip on the App Store, accusing the iPhone maker of operating a monopoly in its shop for digital goods or services.
The judge reasoned that Apple's policies not allowing app developers to steer users to payment platforms outside the App Store as being a factor in the "antitrust conduct."
Elon Musk, the CEO of Tesla lost $50 billion in two days as shares of Tesla fell for the third...According to Bloomberg Billionaires Index, this is the biggest two-day fall in its history.
his drop in net worth of Elon Musk reduces the gap between him and Jeff Bezos, the second richest man of the world to $83 billion.
The Emirates Development Bank (EDB) has signed an MoU with the National Bank of Fujairah (NBF) to offer credit guarantees...NBF will offer up to AED10 million financing to an SME, and 50 percent of the facility amount will be either guaranteed or co-lent by EDB.
The program also aims to support UAE citizens in the startup journey by offering financing facilities of up to AED1 million.
The economy of China is weighed down by electricity shortages and a vast real-estate crisis.The difficulties of the real-estate sector in China were triggered by the troubles of giant Evergrande
Those problems could pose risks for the world economy and affect the United States, the US Federal reserve has said
The ADX and ADDED, in conjunction with legal and investment specialists, have worked together to produce the proposed SPAC regulations,...The regulatory framework proposed by ADX and ADDED will facilitate initial public offerings of SPACs, providing investors worldwide with access to unique growth opportunities
The proposed regulations will also allow sponsors outside of the UAE to apply for approval to list their SPACs on the ADX
A multipurpose terminal in Safaga Port of Egypt will be developed and operated by AD Ports Group. Under an MoU...AD Ports signed an MoU with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation.
Under the pact, AD Ports Group will explore investment opportunities and conduct feasibility and local market studies related to the project.
Dubai's non-oil economy continued to grow in October, courtesy of a sharp rebound in new orders and increased tourism activity...A sharp rebound in orders and Expo boost raise Purchasing Manager's Index.
Despite the growth of businesses, job hiring remained marginal. Overall expectations of firms at their highest since March 2020.
Saudi Arabia's GDP has risen by 6.8 percent in the third quarter of 2021 compared to Q3 2020, according to...The growth attributed to an increase in oil activities by 9 percent due to the rising global demand for crude oil.
Non-oil activities increased by 6.2 percent and government activities increased by 2.7 percent year-on-year.
