The concoction includes billions of hungry bacteria, specialized to feed on polluted air -- the first step in a recycling system that converts greenhouse gases into usable products. Thanks to licensing agreements, LanzaTech's novel microorganisms are already being put to commercial use by three Chinese factories, converting waste emissions into...

Qatar is hosting the first World Cup in an Arab nation, but the hosts along with fellow Arab states Tunisia and Saudi Arabia failed to get past the first round -- even though Tunisia beat France and the Saudis upset Argentina. "Be happy Morocco!" the crowds chanted as police watched...

The reading -- the lowest since Eurostat started compiling jobless figures in April 1998 -- was an indicator that the economies of the 19 EU nations using the euro had bounced back after the Covid pandemic. The seasonally adjusted unemployment rate was markedly less than the 7.3 percent recorded a...

Lawmakers in crisis-hit Lebanon failed to elect a new president for an eighth time, despite the deepening impact of the political deadlock on the country's economic woes. Lebanon has been without a head of state for a month after president Michel Aoun left office at the end of October with...

French President Emmanuel Macron repeated his frustration with US subsidies, saying they were hurting European companies by providing an unfair advantage to their American competitors. International trade has bubbled into a point of contention this week as Macron becomes the first foreign leader hosted by President Joe Biden during an...

Global stocks rose as Federal Reserve boss Jerome Powell flagged a moderation in interest rate hikes, while China signaled a softer approach to fighting Covid. Asian and European equities tacked higher as investors eyed news that eurozone unemployment fell to a record 6.5 percent in October. Oil prices climbed before...

The world must increase financing for nature-based solutions to meet key climate, biodiversity and land degradation goals, a United Nations report said. The "State of Finance for Nature" report published by the UN Environment Program comes as delegates from nearly 200 countries prepare to meet in Montreal to hammer out...

In November the hackers demanded health insurer Medibank pay US$9.7 million to keep the records off the internet -- or one dollar for each of the company's impacted customers, which included Prime Minister Anthony Albanese.

The World Bank estimates that cash transfers to low income countries eased this year as high prices ate up migrants' incomes. The bank said in a report that remittances to lower-income countries went up around five percent to $626 billion, lower than the 10.2 percent jump in 2021.

Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages.

The world's richest person, Elon Musk opened fire on the planet's most valuable company early this week over fees and rules at the App Store, saying Apple had threatened to oust his recently acquired social media platform. Analysts told AFP the clash may have came down to money, with Musk...

Dubai, UAE— Dubai Multi Commodities Centre (DMCC) has signed an agreement with the Katowice Special Economic Zone (KSEZ) to create new business opportunities and expand upon the UAE-Poland strong economic relations. The agreement will see DMCC and KSEZ work closely together to exchange knowledge and professional expertise, in turn further...

The amended framework agreement with the leading Swiss aircraft manufacturer is set to further cement the collaboration between Pilatus and Strata.

Some companies are already discussing investment opportunities with Cameroon, including DP World that aims to manage some ports in Cameroon including Douala Port, adds Al Zeyoudi, who is leading an Emirati delegation of business, investment and development leaders to the country.

The airline's net losses amounted to more than $117 million.

Britain's Trade Secretary Kemi Badenoch and Ukrainian Economy Minister Yulia Svyrydenko will meet in London to unveil the deal, the government said in a statement. "Trading digitally is particularly important in the current conflict, where damage to Ukrainian infrastructure and warfare makes it much harder to trade physically," the statement...

Twitter's New boss Elon Musk believes that all content permitted by law should be allowed on the social media platform, and on Monday described his actions as a "revolution against online censorship in America."

The US space agency wants to develop the lunar economy in the coming years by building a space station in orbit around the Moon and a base on the surface. It has awarded contracts to several companies to develop landers to transport scientific experiments to the surface.

Abu Dhabi, UAE— Etihad Rail and Borouge have entered into a strategic partnership for sustainable transportation to carry 1.3 million tons of Borouge’s polyolefins annually from its petrochemical complex in Al Ruways Industrial City via rail for export to customers. The agreement was signed by Shadi Malak, CEO of Etihad...

The EU announced the discovery of a sophisticated US$2.3-billion VAT tax fraud that triggered raids in 14 countries, including France, Germany, Greece and Spain. Over 600 people participated in the scheme, "believed to be the biggest VAT carousel fraud ever investigated in the EU," according to the European Public Prosecutor's...

RIYADH, SAUDI ARABIA - Fifty deals and agreements are expected to be signed in the World Travel and Tourism Council (WTTC) Global Summit in Riyadh, Saudi Minister of Tourism, Ahmed Al Khateeb said. The minister evaluated the deals to be worth $50 billion, local media reports said. The agreements include...

Bank will use funds for core business, give cash to investors.

QatarEnergy's partner, US firm ConocoPhillips, will supply the gas from Qatar's North Field East and South projects from 2026 to the Brunsbuttel LNG terminal being developed in northern Germany, said Saad Sherida al-Kaabi, Qatar's energy minister and CEO of QatarEnergy.

Its earnings grew by 17 percent in H1 of 2022.

A few weeks after the unravelling of FTX, BlockFi, a lender in the cryptocurrency world, has filed for bankruptcy protection in a US Bankruptcy Court in New Jersey. Founded in 2017, the company had been in trouble early in 2022 amid a steep pullback in cryptocurrency values.

Abu Dhabi, UAE— Aldar Properties has partnered with Nobu Hospitality to launch a new luxury hotel, branded residences, and a fine dining experience to anchor Aldar’s extremely desirable destination, Mamsha Al Saadiyat. The agreement will see Aldar develop the 5-star hotel featuring 165 luxurious guest rooms and suites, including the...

A series of tweets fired off by Musk included a meme of a car with his first name on it veering onto a highway off-ramp labeled "Go to War," instead of continuing onwards towards "Pay 30%." The billionaire CEO also tweeted that Apple has "threatened to withhold Twitter from its...

The UAE Retail Offer and the KSA Retail Offer were oversubscribed by approximately 48.2x and 2.8x respectively.

Abu Dhabi, UAE----UAE's national carrier Etihad Airways and Garuda Indonesia, the national flag carrier of Indonesia, will nearly double the number of combined destinations the two airlines are able to offer beyond the Abu Dhabi and Jakarta hubs. The number of destinations across the Indonesian archipelago, South East Asia, Middle...

Saudi Arabia announced plans for a new airport in Riyadh while advancing the kingdom's ambitious aviation goals. The airport, set to accommodate 120 million travelers by 2030 and 185 million travelers by 2050, will be named after 86-year-old King Salman and was announced by Crown Prince Mohammed bin Salman.

DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) has launched the National Nutrition Strategy 2022-2030 to establish sustainable nutritional systems, provide safe and supportive nutritional environments at all ages and strengthen food governance. The Ministry has also launched the strategy’s operational plan. This comes as part of MoHAP’s...

ALMATY, KAZAKHSTAN - Kazakhstan warned Monday it could nationalize struggling energy companies in the oil-rich Central Asian country after the latest blackout there left thousands without electricity in freezing temperatures. The vast ex-Soviet country is a net exporter of energy, but high gas prices this year fueled historic and bloody...

ABU DHABI, UAE - Abu Dhabi Islamic Bank (ADIB) announced that its retail customers were able to conveniently participate in the subscription of initial public offerings (IPOs) that were issued this year through its mobile app. ADIB said that 80 percent of clients subscribed IPOs that were issued in 2022...

ABU DHABI, UAE - Abu Dhabi Airports Monday said that in Q3 2022 passenger traffic totaled 4.7 million passengers, a rise of 250 percent compared to the 1.3 million passengers in Q3 2021. Abu Dhabi Airports, the operator of the five airports in the Emirate of Abu Dhabi, in its...

The Hague, Netherlands—Police have dismantled a huge drugs "super-cartel" that controlled a third of Europe's cocaine trade, arresting 49 people in various countries including six top suspects in Dubai, Europol said Monday. The huge international operation seized 30 tonnes of the drug and also involved arrests in France, Spain, Belgium and...

Amman, Jordan— Jordan has seized a big haul of drugs being smuggled into the kingdom from Syria in two different attempts. According to Jordan News Agency the country's security forces have foiled two attempts to smuggle large quantities of drugs from Syria in two days. Border guards at the Jaber...

The summit will bring together data leaders, high-level government officials, entrepreneurs, technologists, scientists and journalists to engage in dialogue on making data a global good.

Abu Dhabi, UAE -- NEXT50 today launched PLATFORM50, a one-stop-shop solution for organizations to maximize business value and address tomorrow’s challenges. The announcement was made at NEXT50’s inaugural Executive Day – which spotlighted the latest in state-of-the-art technologies including artificial intelligence (AI) and real-world applications accelerating a data-driven future in...

The United States will provide Jordan with over US$845 million in annual financial support, officials in Amman said as the country remains heavily dependent on foreign aid. Prime Minister Bisher al-Khasawneh was present at the signing ceremony for the allocation of annual financial support of $845.1 million, a Jordanian government...

DUBAI, UAE - Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai has approved the Dubai Countryside and Rural Areas Development Master Plan, spanning an area of 2,216 square kilometers. The Plan seeks to preserve the nature of areas including Lehbab, Margham, Al Marmoom, Al...

Dubai, UAE---Dubai Chambers unveils plans to establish new country-specific business councils operating in the emirate and expand their roles to support efforts aimed at boosting Dubai’s non-oil foreign trade and create new channels of economic cooperation with promising markets around the world. The announcement was made by Abdul Aziz Al...

RIYADH, SAUDI ARABIA - Saudi Minister of Environment, Water and Agriculture, Engineer Abdul Rahman bin Abdul Mohsen Al-Fadhli inaugurated Sunday the Aquatic Animal Diseases Network in the Middle East in the Kingdom. The inauguration took place in the presence of the Director General of the World Organization for Animal Health...

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) discussed business and investment opportunities in the UAE and Russia with the Moscow Chamber of Commerce and Industry. The meeting that took place at Expo Center Sharjah (ECS) brought together Abdallah Sultan Al-Owais, SCCI's Chairman, and Vladimir Platonov, Chairman...

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has commissioned a new 132/11kV substations in Al Awir First with a transmission capacity of 150 MVA, at a total cost of US$49 million (AED180 million). DEWA also inaugurated a new transmission 400/132kV substation in Jebel Ali First and overhead cables...

Amman, Jordan— The Kingdom of Jordan intends to foster a "robust partnership" with the private sector of the country that plays a key role in propping up the economy and generate jobs. According to Minister of Industry, Trade and Supply and Minister of Labor Yousef Shamali, the government is serious...

In a rare display of anger against the Chinese government, scores of protestors took to the streets of Shanghai early Sunday calling for an end to lockdowns. China has been facing wide criticism over its zero-Covid policy. A fire spurred an outpouring of anger in Xinjiang region as many blamed...

Doha, Qatar— Mexico coach Tata Martino said he was expecting a shoot-out with Saudi Arabia in their final World Cup Group C clash after defeat by Argentina on Saturday. Lionel Messi and Enzo Fernandez's strikes helped the Albiceleste win 2-0 at the Lusail Stadium, leaving the Mexicans bottom of the group...

Beating their chest in delight, tens of thousands of migrant workers witness Messi's magic in a game that saw Argentina defeat Mexico at the Asian Town stadium. Donning Argentina shirts bought for three dollars the workers bristle at European media suggestions that they are "fake fans".

COPENHAGEN, DENMARK - Denmark's autonomous Faroe Islands have renewed a fishing quota deal with Russia for one year despite Moscow's invasion of Ukraine, a local minister said on Saturday. "The Faroe Islands are totally right to extend their existing fishing agreement with Russia," the North Atlantic archipelago's minister of fisheries...

TEHRAN, IRAN - Iran's supreme leader Ayatollah Ali Khamenei said Saturday that negotiating with the United States would not put an end to the "troubles" that have rocked the Islamic republic over the past two months. Iran has seen weeks of demonstrations sparked by the September 16 death in custody...