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

The record date for the dividend is 22 Dec. 2022.

The US biopharma firm will pay US$28 billion for the deal.

Paris, France--- French energy giant TotalEnergies said Monday that several teams were working in collaboration with the Lebanese Petroleum Administration to start drilling on its offshore gas project (Block 9) in Lebanon in 2023. “The call for tenders to secure the drilling rig has been launched and should lead to...

Dubai, UAE---Dubai Multi Commodities Centre (DMCC), which is currently home to more than 50 gaming companies, has launched the DMCC Gaming Centre during the Dubai Esports Festival. The gaming companies in the DMCC range from game developers and producers to esports teams and tournament organizers. In a statement, DMCC said...

ABU DHABI, UAE - The General Pension and Social Security Authority (GPSSA) said that the registration of insured individuals in the private sector with the authority is the first step towards receiving benefits as part of GPSSA’s social insurance system. This is in addition to benefits provided by the NAFIS...

Makkah, Saudi Arabia---Umm Al-Qura for Development and Construction Company, owner and developer of Masar Destination, an integrated urban destination in the Makkah, has signed an agreement for the construction and operation of its $1.86 billion hotel project. The Saudi Arabian Baytur Construction Company was nominated as the main contractor for...

Dubai, UAE— Dubai Customs and a delegation from South Korea have discussed ways to further develop mutual trade cooperation. Dubai Customs also shared their experience in developing smart customs services and digital systems with the delegation. The meeting, held at Dubai Customs headquarters, shed light on virtual reality programmes that...

More than two years after it was launched, China will retire "Communications Itinerary Card", which tracks people who have been to a high-risk area based on their phone signal. The step is seen as a milestone in the country's rapid turn away from its zero-tolerance coronavirus strategy.

Musk also posted a meme showing Fauci telling US President Joe Biden, "Just one more lockdown, my king..." -- in apparent criticism of the Covid mitigation measure Musk has repeatedly slammed but has not been deployed in the country for over a year.

The company announced the completion of production of the Tinrhert gas field at the end of November 2022.

The $1.5bn deal will herald a new energy transition phase.

Riyadh, Saudi Arabia—Saudi Arabia has signed a memorandum of understanding (MoU) with Kuwait on Sunday to develop Al-Durra gas field shared between the two countries. President and CEO of Saudi Arabian Oil Company Eng. Ali Bin Saleh Al Ajmi signed the MoU for the Saudi side, while CEO Kuwait Gulf...

The sector witnessed the manufacturing of 1,210,331 cars in the period.

Algiers, Algeria--- Turkish investments in Algeria have exceeded $5 billion and the desired goal of $10-billion trade between the two countries would be achieved in a short time, Turkish Foreign Minister Mevlut Cavusoglu has said. Cavusoglu made this announcement at a joint press conference he addressed along with his Algerian...

Industry experts stress the need for harnessing the momentum the industry has gained after the recovery from Covid setbacks.

A month after Chinese leader Xi Jinping and US President Joe Biden agreed to repair frayed relations, the US is sending its first high-level delegation to China, consisting of Assistant Secretary of State Daniel Kritenbrink and National Security Council Senior Director for China and Taiwan Laura Rosenberger.

Dubai, UAE— The United Arab Emirates has been ranked as the country with the world's most powerful travel document. That is according to the latest publication of the Passport Index, a global ranking by Montreal-based citizenship financial advisory firm Arton Capital. The UAE has beaten the likes of Germany, Sweden,...

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received 29 expressions of interest (EOIs) to implement the first phase of its 120 Million Gallons Per Day (MIGD) Hassyan Sea Water Reverse Osmosis Plant (SWRO) Project using the Independent Water Producer (IWP) model. This is the first project implemented...

ASHGABAT, TURKMENISTAN - Minister of Industry and Advanced Technology Dr. Sultan bin Ahmed Al Jaber has left the UAE on a working visit to Turkmenistan. Dr. Al Jaber headed a delegation comprising Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE); Mohamed Saif Al Suwaidi, Director-General of...

Geneva, Switzerland— Washington condemned the World Trade Organization's verdict Friday on the punitive US tariffs imposed on national security grounds on steel imports from China and other countries. Former US president Donald Trump's administration introduced the tariffs on steel and aluminium imports from China, Norway, Switzerland and Turkey and his successor,...

Washington, US— The US has commended the decision to hold next year’s 28th UN climate change conference in the UAE. Special Presidential Envoy for Climate John Kerry said that fossil fuel economies should be encouraged to lead the transition to clean energy. “It’s very exciting that the UAE, an OPEC...

Washington, United States— Oil giants have "greenwashed" their public image while locking in fossil fuel production for years to come, potentially foiling moves to prevent climate change, said a US House committee memo released Friday. The document follows an investigation on allegations that the fossil fuel industry has been misleading Americans...

The Grotto of the Nativity, the largest in Jordan, is a model that represents the birth of Jesus Christ, the son of Mary.

The program aims to strengthen the strategic partnership between the two countries and contribute to ensuring the quality and safety of goods.

The initial publication -- which listed US companies including Airbnb, Expedia and TripAdvisor -- was denounced by the then administration of Donald Trump, which had reversed longstanding US opposition to settlements in the West Bank. Secretary of State Antony Blinken in a speech Sunday warned the incoming right-wing government of...

Dubai, UAE --Dubai recorded a total of 3,186 real estate transactions worth over AED 9.1 billion ($2.48bn) during the week ending 9 December 2022, Dubai Land Department (DLD) said. The DLD report noted that 419 plots were sold for AED 2.24 billion ($610m), while 2,233 apartments and villas were purchased...

AQABA, JORDAN - The southern city of Aqaba is welcoming an increasing number of local visitors and foreign tourists of various nationalities, especially from Europe, in the winter tourist season. The movement of cruise ships to the ports of Aqaba and flights to King Hussein International Airport is also witnessing...

GENEVA, SWITZERLAND - The International Finance Corporation (IFC) and UNHCR, the UN Refugee Agency, Friday announced a joint initiative to create inclusive economic opportunities that will benefit refugees and their host communities. The initiative aims to mobilize private sector projects over the next five years to demonstrate the viability of...

Global stocks rose on China's slowing inflation and economic reopening, alongside hopes of less aggressive interest rate hikes next week. Sentiment brightened on China's decision to shift away from its nearly three-year zero-Covid strategy of lockdowns and mass testing that slammed the economy. After protests across the country, leaders have...

Dhahran, Saudi Arabia---Saudi Aramco and China's Shandong Energy Group are exploring collaboration on integrated refining and petrochemical opportunities in China. The companies have signed a Memorandum of Understanding (MoU), which includes a potential crude oil supply agreement and chemicals products offtake agreement, supporting Aramco’s role in building a thriving downstream...

Venture would start with two aircraft and expand to 15.

Firm fined due to gaps in anti-money laundering controls.

The Joint Venture will be 65 percent owned by e& enterprise and 35 percent by Bespin Global.

The social media giant is facing a growing number of cases over the terms of terminating employees -- and even a complaint to the city of San Francisco that Musk has illegally converted office space into bedrooms so that workers can sleep on site. "It's very concerning that the richest...

Riyadh, Saudi Arabia---The Saudi Central Bank (SAMA) has licensed Manafa, a finance company specialized in debt-based crowdfunding in the kingdom. Manafa  is a closed joint-stock company with a capital of SAR 40 million. The license was granted to the company after a successful trial run in SAMA's Regulatory Sandbox, an...

ABU DHABI, UAE - As part of its participation in the first edition of the Abu Dhabi International Food Exhibition (ADIFE), the Abu Dhabi Chamber of Commerce and Industry (ADCCI) signed three Memoranda of Understanding (MoUs) with local and regional parties. The parties included the Emirates Development Bank, Abu Dhabi...

Dubai, UAE--- Dubai real estate market recorded deals worth AED1.7 billion ($462 million) on Thursday, according to Dubai Land Department. The deals included 617 sales transactions worth AED1.45 billion, in addition to 85 mortgage deals of AED257.35 million, and 19 gift deals amounting to AED34.64 million. The sales included 532 villas...

ALMATY, KAZAKHSTAN - Kazakhstan threatened Thursday to ban global steel giant ArcelorMittal from operating in the Central Asian country after another fatal accident at a factory belonging to the Luxemburg-based company. Kazakhstan's infrastructure and industry minister Kairbek Uskenbayev said "tough decisions" were being made against the company, after a worker...

The World Health Organization called for more funds to help overcome towering challenges in the battle against malaria, which continues to kill hundreds of thousands of mainly African children each year. It warned that the world was currently "off track" to reach its goal of reducing malaria cases and deaths...

GENEVA, SWITZERLAND - Member states of the World Health Organisation (WHO) Thursday agreed to develop the first draft of a legally binding agreement designed to protect the world from future pandemics. This zero draft of the pandemic accord, rooted in the WHO Constitution, will be discussed by member states in...

According to Bloomberg's ranking, calculated after US markets closed on Tuesday, had Musk in the lead at $178.9 billion, followed by Arnault at $165.1 billion.

The legal salvo came as problems are mounting for TikTok in the United States, with multiple accusations that the extremely popular app is a national security threat and a conduit for spying by China.

The Abu Dhabi Exports Office (ADEX) has signed an agreement with Togo’s Ministry of Economy and Finance to raise the production capacity of the Mohamed bin Zayed Solar Park in the country from the current 50 megawatts to 70 megawatts.

Pentagon announced Wednesday it has awarded $9 billion in cloud computing contracts to Amazon, Google, Microsoft and Oracle.

The UAEGD is a standard that provides a framework for the gold sector, in line with international best practices.

Geneva, Switzerland— The International Air Transport Association (IATA) has upgraded its outlook for the airline industry’s 2022 financial performance as the pace of recovery from the COVID-19 crisis quickens. It expects Industry losses to reduce to -$9.7 billion (improved from the October 2021 forecast for an $11.6 billion loss) for...

Thanks to high oil prices, Saudi Arabia has recorded its first annual budget surplus in almost a decade, beating its own projections. The kingdom's finance ministry said that the surplus for 2022 touched $27 billion, representing 2.6 percent of GDP.

Istanbul, Turkey - Turkey said Wednesday it has started requesting proof of insurance from tankers loaded with Russian crude oil after Western powers imposed a price cap to punish the Kremlin for its war on Ukraine. But a Turkish official denied that the measure was slowing the passage of oil...

The trip -- only Xi's third overseas journey since the coronavirus pandemic began, and his first to Saudi Arabia since 2016 -- comes after US President Joe Biden's visit in July, when he pleaded in vain for higher oil production.