They will explore refining and petrochemical projects in China.

SINGAPORE -   The UAE has participated in the 17th Asia Pacific Regional Meeting of the International Labor Organization (ILO) in Singapore. More than 500 representatives of governments, labor organizations and companies from 33 of the 48-member countries of the Asia Pacific Group of ILO took part in the meeting. The...

The unpredictable billionaire posted the poll shortly after apparently acknowledging he had made a mistake banning Twitter users from promoting their accounts on rival social media platforms. "Going forward, there will be a vote for major policy changes. My apologies. Won't happen again," he tweeted.

Ajman, UAE-- The Department of Lands and Real Estate Regulation in Ajman recorded 1121 real estate transactions worth AED1.4 billion ($381 million) during November. Omar bin Omair Al Muhairi, Director-General of the Department of Lands and Real Estate Regulation, said the real estate market grew by 73 percent in November,...

Cairo, Egypt--The IMF's new $3 billion financial support package for Egypt aims to reduce government debt to less than 80 percent of the gross domestic product in the medium term, according to a cabinet report released on Saturday.  The IMF did not require the Egyptian government to cut spending on...

The move of not allowing users to promote their accounts on several rival social media platforms including Facebook and Instagram was the latest in a growing series of controversies generated by Musk in his short tenure at the helm of Twitter, including layoffs, reinstatement of some far-right accounts and the...

Khan’s Umrah, participation in the Red Sea Film Festival, which followed the filming of Dunki in the futuristic city of NEOM, has been a shining advertisement for Indian film industry.

MONTREAL, CANADA - A UN nature deal proposed Sunday calls to protect at least 30 percent of the planet by 2030 and asks rich countries to stump up $20 billion in yearly aid for developing nations to save their ecosystems. China, chairing the COP15 biodiversity summit in Montreal, presented a long-awaited...

DUBAI, UAE -  Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 73rd meeting held virtually. Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy also participated. The meeting was attended by Secretary-General of the Dubai Supreme Council of...

The 50-year lease was signed with Star Paper Mill.

DUBAI, UAE -  The Rental Disputes Center (RDC), the judicial arm of Dubai Land Department (DLD), was launched to achieve social and economic stability for those involved in the real estate rental sector and other relevant fields. This helped in establishing a specialized judicial system as per a streamlined mechanism....

Sharjah, UAE--- Sharjah has witnessed a 68 percent increase in female entrepreneurs recently and as the market grows and expands, it will continue cultivating an environment that is inclusive and supportive, said Maryam Bin Al Shaikh, Director of the Sharjah Business Women Council. She was speaking on the opening day...

Companies in the region need to be proactive in their defenses against ever-changing nature of online threats, says Netskope’s VP for Middle East and Africa Jonathan Mepsted.

Germany plans to open four more government-funded LNG terminals over the next few months as well as a private terminal in the port of Lubmin.

ABU DHABI, UAE  - UAE Ministry of Climate Change and Environment (MOCCAE) launched the roadmap for the National Carbon Sequestration Project, which aims to plant 100 million mangroves in the country by 2030.   This is as part of its efforts to implement the UAE's strategic initiative to achieve Net...

BENGALURU, INDIA - The UAE participated in the first Framework Working Group (FWG) meeting within the G20 Finance Track, which was held on December 16-17 2022. Held for the first time under India’s G20 presidency in Bengaluru, the meeting sought to discuss the work plan for FWG in 2023, which...

Elon Musk said late Friday he would reinstate the Twitter accounts of several journalists that were suspended after he accused them of endangering his family. Musk carried out a Twitter poll asking whether he should restore the suspended accounts now or in a week's time. Nearly 59 percent of the...

Saudi and the UAE equities beat sluggishness of the past few weeks, recording gains across many sectors, with Abu Dhabi index posting gains not seen since last October.

Despite robust opposition from Europe's biggest clubs, FIFA chief Gianni Infantino has announced plans for a 32-team Club World Cup from 2025. An expansion of the competition has long been a pet project of Infantino. In 2021 a 24-team event was planned but was cancelled due to the Covid pandemic.

Sharjah, UAE-- A total of 2,813 real estate transactions valued at AED 2.7 billion ($735 million) were recorded in Sharjah during November, compared to AED 1.9 billion in October, the Sharjah Real Estate Registration Department (SRERD) said Friday. Of these, 650 were sale transactions, constituting 23.1 percent, while mortgage transactions...

Tadweer's full share ownership was transferred to ADQ.

Located in the Norwegian waters of the North Sea, the Johan Sverdrup field which until now pumped some 535,000 barrels per day (bpd) on Thursday entered a new production phase where it will pump around 720,000 bpd.

Industrial production in the US slumped in November with "broad based" decreases, the Federal Reserve said, as output for bigger-ticket consumer products and manufacturing fell. While tangled supply chains and surging costs which weighed on businesses are easing, in a boost to production, firms are now contending with weakening demand...

The company will build a 120MW solar project in South Africa.

.Riyadh, Saudi Arabia---Saudi Arabia’s General Authority of Civil Aviation issued its monthly report on the performance of the kingdom’s international and domestic airports for the month of November 2022. The performance is based on 14 basic criteria such as waiting time at customs, baggage and passport control. In the category...

         DUBAI, UAE -  Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed an MoU with Ras Al Khaimah Economic Zone (RAKEZ) to support the emirate’s path towards economic diversification by stimulating its non-oil foreign trade. The Memorandum of Understanding came as part of ECI’s effort to support Ras Al...

Dubai, UAE--The Dubai International Financial Centre (DIFC) Court has launched a new set of industry-first specialised rules for its recently formed Digital Economy Court (DEC) Division. A leading international judicial expertise Justice Michael Black of England & Wales has been recruited to oversee and operate the new court’s cutting-edge digital...

Casablanca, Morocco--They may have fallen just short of reaching the World Cup final, but Moroccans on Wednesday hailed their team's historic run as it ended with a 2-0 defeat to reigning champions France. "They played a great game but luck wasn't on our side," said supporter Oussama Abdouh in Casablanca. "Still,...

The account was in action briefly later in the day, after Twitter sent out word that it updated its policy to prohibit tweets, in most cases, from giving away someone's location in real time. "Yes I am back!" read a tweet fired off by @ElonJet, which added a link to...

Abu Dhabi, UAE--- AD Ports Group has signed two major agreements with the Government of Kyrgyzstan to promote trade and strengthen economic ties with the Central Asian nation. Under the first agreement, the Ministry of Economy and Commerce has entered negotiations with AD Ports Group to secure more than 300,000...

Riyadh, Saudi Arabia---Saudi Arabia’s Real Estate Development Fund has launched a program to provide short and medium term financial facilities to real estate finance companies, which will in turn facilitate the kingdom’s initiative to provide affordable housing to its residents. The kingdom aims to raise the percentage of home ownership...

The two offshore jack-up rigs will be bought for $200 million.

Abu Dhabi, UAE--The UAE Jiu-Jitsu Federation and China’s Generations Fund have signed an agreement to promote the culture of Jiu-Jitsu in China. The agreement allows both parties to utilize Jiu-Jitsu in accelerating sporting cooperation between the UAE and China. The importance of the agreement stems from the fact that it...

IMF chief Kristalina Georgieva has regretted the shortage of funds needed to help low-income countries tackle the impacts of climate change. Although IMF has secured $40 billion worth of commitments, its chief still feels that the amount is "nothing in comparison with the needs."

Sudan signed an initial US$6 billion deal led by United Arab Emirates' AD Ports Group and Invictus Investment to build a vast new Red Sea port and economic zone. "The massive project will give a strong boost to the national economy and will bring countless benefits for the country," said...

Several EU countries, including France, Poland and Spain, want a price cap lower than the one proposed by the European Commission, with fewer conditions attached. Some EU countries including Germany, the Netherlands and Austria, view a too-rigid price cap as a threat to supplies, comporting the risk that deliveries could...

The bank's Fitch A ratings bonds were listed on Nasdaq Dubai.

ABU DHABI, UAE - Members of the Consultative Council of UAE's Financial Restructuring Committee (FRC) has met with experts from the World Bank Group (WBG). The meeting was held virtually and sought to discuss the latest updates on amendments to the bankruptcy law, which is being implemented as a joint...

The three firms will produce fuel cell grade hydrogen from waste.

ASWAN, EGYPT - The governments of the UAE and Egypt inaugurated the Egypt Services Center in the Aswan Governorate, which is the first of its kind in Egypt. The inauguration is part of the strategic partnership between the two countries in government modernization. The Emirati delegation which attended the inauguration...

Dubai---Saudi Arabia's sovereign wealth fund, the Public Investment Fund, had acquired a 9.5 percent stake in Skyborn Renewables, an offshore wind developer and operator. In a statement, PIF said it is investing in Skyborn alongside Global Infrastructure Partners, a US-based infrastructure investment fund. The investment will allow PIF to participate...

Beijing, China—China has filed a dispute with the World Trade Organization over US restrictions on chip exports, Beijing's commerce ministry said in a statement late Monday, accusing Washington of threatening global supply chains. The United States in October announced new export controls aimed at restricting China's ability to buy and manufacture...

While the crypto ecosystem still reels from the collapse of FTX, and investor apprehension about the future of the digital asset, Dubai's regulatory mechanism to oversee cryptocurrency entices big players to the city.

Under the terms of the agreement, the Ministry and Huawei will collaborate to realize a '10Gbps Society', to build a superfast broadband infrastructure.

The first try last month came just 10 days after Musk's $44 billion takeover of the platform and a mass round of layoffs that saw company staff levels halved, including teams of workers moderating content. The subscription service costs $8 per month for users accessing Twitter on the web and...

Amman, Jordan— Jordan and Saudi Arabia held discussions on enhancing bilateral cooperation in various fields and boosting strategic ties between the two countries. The ministerial meetings were held as part of Prime Minister Bisher Khasawneh's working visit with a ministerial delegation, where he will meet with Saudi senior officials. Also...

Nearly a month after the downfall of FTX, its founder Sam Bankman-Fried was arrested in the Bahamas at the request of the US. He is scheduled to appear before a US Congress hearing in which he is to testify under oath about the crypto exchange's sudden fall.

The MoU will enable SMEs access to financing options.

Microsoft will acquire a holding worth $1.8 bn at current prices.

It will build a plant in Poland to build fully electric vans.