The deal "marks the longest gas supply agreement in the history of the LNG industry", said Saad Sherida Al-Kaabi, Qatar's energy minister and QatarEnergy's chief executive.

The company bought four rigs between May and Aug. this year.

Inflation has hit Europe hard, forcing people to cut down expenses. But Nespresso boss Guillaume Le Cunff says their coffee capsules are creature comforts and will as a result be most sought after by customers, saying that people tend to stick with their 'everyday' small pleasures such as having a...

It has brought back former CEO Bob Iger to take back the reins.

The new container shipping service links Karachi with the region’s major ports within UAE, KSA, Egypt, Jordan, Sudan and Djibouti.

ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) has launched the 'Abu Dhabi Smart Manufacturing Index', that guides and facilitates private sector players’ transition to Industry 4.0 technologies. This is a part of its initiatives and objectives set forth by the Abu Dhabi Industrial Strategy which...

Riyadh, Saudi Arabia - A Saudi real estate firm has partnered with the Trump Organization on a $4 billion golf and real estate development project in neighboring Oman, according to a stock market filing published Sunday. The deal involving the Dar Al Arkan Global Company, a subsidiary of Dar Al...

Riyadh, Saudi Arabia---Saudi Arabia’s General Authority for Ports (Mawani) Sunday announced a new freight service, at the King Abdulaziz Port in Dammam in cooperation with the Saudi International Ports Company. The service connects King Abdulaziz Port with six major regional and international ports: Qingdao, Shanghai, Ningbo, Nansha, Jebel Ali and...

Abu Dhabi, UAE---The Federal Tax Authority (FTA) has called on registered taxpayers to benefit from the decision to re-determine administrative penalties on taxes, which are 30 percent of the total outstanding amount of penalties that were not paid before 28 June 2021. They have also been asked to ensure they...

Trump, who had more than 88 million users when his accounted was suspended, reveled in using Twitter as a mouthpiece during his presidency, posting policy announcements, attacking political rivals and communicating with supporters.

"All in all this World Cup will generate for FIFA around $600-$700 million more than the last World Cup," he said ahead of the Sunday's opening match between Qatar and Ecuador.

Saudi equities rose on November 13 but the index fell during the rest of the trading days. UAE stocks started on a downward trend but finished the week higher.

Acquisition will likely close in Q1 2023, Czech firm said.

The pact were inked during the B20 Summit in Bali, Indonesia.

SHARJAH, UAE - The 9th edition of the Sharjah International Travel and Tourism Forum (SITTF) is set to kick off at the Sharjah Expo Centre on November 24, 2022, under the theme 'Building a Resilient Future for Tourism'. The forum will be held under the patronage of Sheikh Sultan bin...

Asia-Pacific leaders added their voices to international pressure on Russia over its invasion of Ukraine, issuing a summit statement saying "most" of them condemned the war. The 21 members of the Asia-Pacific Economic Cooperation forum issued a joint declaration in Bangkok criticizing the conflict and the global economic turmoil it...

MSC Opera will join MSC World Europa and MSC Poesia which arrived at Doha Port earlier, to offer a luxurious hospitality experience to fans of the FIFA World Cup Qatar 2022.

The announcements were made during the first edition of Abu Dhabi Finance Week (ADFW) hosted by ADGM.

Manama, Bahrain—The Gulf Cooperation Council (GCC) has stressed the importance of strengthening ties between the GCC and the European Union (EU) in order to "serve common interests." The Secretary-General of GCC, Dr. Naif Falah Mubarak Al-Hajraf, met with the President of the European Commission Ursula von der Leyen in the...

Saudi retail tranche remains unchanged at 10 percent.

Global main stock markets rallied as investors fished for bargain shares and shrugged off losses elsewhere, but oil prices fell as concerns over the global economy persist. London stocks were lifted by official data showing UK retail sales rose 0.6 percent in October, rebounding from a 1.5-percent slump in September....

After a first shipment of Russian fertilizer blocked in European ports heads for Malawi next week, a second batch should go to West Africa, the United Nations said. The news comes following talks between Moscow and the UN this week, aimed at ensuring that vital Russian fertilizer exports are not...

The ports operator paid $680 million for the deal.

ABU DHABI, UAE - Abu Dhabi Fund for Development (ADFD) participated in the first plenary session of the Council of Foreign Investors in Uzbekistan. The session was held under the chairmanship of President of Uzbekistan Shavkat Mirziyoyev. The discussions focused on fostering economic development in Uzbekistan by facilitating investment in...

They would set up UAE's largest aluminum recycling facility.

Dubai, UAE---United Arab Emirates private school operator Taaleem Friday said it has set the price of  its Initial Public Offering (IPO) at AED3 per share ($0.8168), raising AED750 million ($204 million). Taaleem, which runs 26 premium schools in the UAE, will sell 250 million shares, equivalent to 25 percent of...

ABU DHABI, UAE - UAE Minister of Economy Abdullah bin Touq Al Marri visited the Havana International Fair 2022 in the Republic of Cuba, at the invitation of the Cuban government. The visit was aimed at exploring opportunities for cooperation and establishing new economic partnerships between the UAE and Caribbean...

Swedish officials confirmed the September blasts which destroyed sections of the Nord Stream pipelines carrying natural gas from Russia to Germany under the Baltic Sea were acts of sabotage. "The analyses found traces of explosives on several foreign objects" found at the sites, prosecutor Mats Ljungqvist said.

US media have previously reported that the platform and its various branches will lay off about 10,000 employees. Amazon did not confirm the figure, but he said that the process had begun and would continue early next year. The first teams affected were those dealing with the brand's electronic devices...

Dubai Islamic Bank will now provide brokerage and related services to its clients through Al Ramz Capital.

Esther Crawford, the platform's director of product development and one of the few managers who have not been fired, who have not resigned and who still publicly support the new leader, tweeted: "To all the Tweeps who decided to make today your last day: thanks for being incredible teammates through...

The profits grew by 1,3 percent compared to 9M period last year.

Firm's result is seen as a gauge of Chinese consumer sentiment.

RIYADH, SAUDI ARABIA - The Saudi Ports Authority (Mawani) won an award at the ninth edition of the Maritime Standard Awards. The awards is an annual industry event that felicitates top performers in the shipping, ports, and related sectors spanning the Middle East and the Indian Subcontinent. The award crowns...

ACX is setting up a carbon trading exchange in Abu Dhabi. 

Firm posts FY 2021-22 net profits of around US$4.6 billion.

The banks said in two separate regulatory announcements that all assets and liabilities of HSBC Oman will be transferred to Sohar International.

It is expecting 1.5m travelers at Abu Dhabi International Airport.

New York, United States— Twitter's new boss Elon Musk has asked staff to choose by Thursday between being "extremely hardcore" and working intense, long hours, or losing their jobs, according to an internal memo seen by AFP. The Tesla tycoon has come under fire for radical changes at the social media...

Doha, Qatar—  QatarEnergy and Chevron Phillips Chemical (CPChem) have announced they have reached a final investment decision to build an $8.5 billion polymers facility in Texas. Located about 180 kilometers east of Houston, the plant will include an ethylene cracker unit with a capacity of 2.08 million tons per annum,...

The alliance had committed to phasing out oil and gas production when it was launched at UN climate talks in Glasgow last year, hoping to inspire a global movement toward ending fossil fuels. A year later it has just signed up two countries as new friends but no large fossil...

Makkah, Saudi Arabia---Umm Al-Qura for Development and Construction, owner and developer of Masar, the SR100-billion ($26 billion) destination in Makkah, has announced the signing of an agreement with BTC Networks to implement an information center and information and communication technology systems at the destination. It will also include infrastructure areas...

It is Tencent's second consecutive quarterly decline in revenue.

Doha, Qatar---Qatar’s state-owned QatarEnergy and Qatargas, the world's largest liquefied natural gas (LNG) company, celebrated the loading of the 30,000th ship from Qatargas-operated terminals in Ras Laffan Port. The LNG cargo was loaded on board the Qatargas-chartered Q-Max LNG carrier "Mekaines." The country’s Minister of State for Energy Affairs President...

Arada will showcase its existing projects, Aljada and Masaar, as well as announce new expansion plans that cater to the strong investor demand for property in the UAE.

Authorities have received a "flood of complaints from air travelers" since the start of the pandemic, over a lack of timely refunds from companies, the department said in a statement released on Monday. Under US law, airlines and ticket agents are legally obliged to refund customers if the airline cancels...

While Europe scrambles to replace Russian energy supplies in the wake of the war in Ukraine, Slovenia has signed a three-year deal with Algerian state energy firm Sonatrach to buy gas via a pipeline through Italy from January. Slovenian foreign minister attended the signing ceremony along with her Algerian counterpart.

Doha, Qatar—The 22-deck cruise ship MSC World Europa (floating hotel) has docked at Doha Port for FIFA World Cup fans to relish the experience of a stay in the ship. The cruise ship can accommodate 6,700 World Cup fans. It designed with the highest standards of security and safety. MSC...

Abu Dhabi, UAE— Abu Dhabi Global Market (ADGM) Courts has announced the first-ever introduction of blockchain technology for the global enforcement of commercial judgments. The announcement was made during Abu Dhabi Finance Week. The blockchain solution will result in substantial time and cost savings for parties in the enforcement of...

US wholesale prices continued to rise in October but at a slower pace than in the prior month, according to official data Tuesday which will add to rising hopes that inflation has peaked. The data added traction to growing expectations the Federal Reserve will be able to dial back its...