Dubai, UAE -- Dubai real estate market recorded transactions worth AED1.8 billion ($490 million) on Tuesday, Dubai Land Department said. The transactions included 553 sales transactions worth AED1.43 billion, 107 mortgage deals valued at  AED387.11 million and 12 gift deals amounting to AED43.73 million. The sales included 508 villas and...

It comes after Lebanon and Israel said in October that they had struck an "historic" deal to resolve a maritime border dispute involving offshore gas fields after years of US-mediated talks.

Settlement on opioid cases hit earnings of the firm.

Abu Dhabi, UAE---Liquidity Group, a FinTech company, became the first Israeli firm to join the $545 million Abu Dhabi Investment Office (ADIO) Innovation Programme. The partnership will support Liquidity Group’s establishment of an R&D centre in Abu Dhabi to develop its proprietary technology-enabled underwriting algorithm and other financial solutions. Liquidity...

Firm's adjusted net profit grew to $16.5 million in Jan-Sep 2022.

Pact will help SMEs in UAE gain access to key banking services.

Firm approved interim dividend payment of US$54m.

The researchers did not have direct data on the gains or losses of individual investors. However, they were able to extrapolate based on the price of bitcoin when new investors began using cryptocurrency trading apps and the approximately $20,000 it was worth last month.

The firm's policy allows AED800m dividend annually.

Dubai, UAE— Etihad Credit Insurance (ECI) has reviewed its programs and initiatives in a meeting chaired by Abdulla bin Touq Al Marri, UAE Minister of Economy and Chairman of the Board of Directors of ECI. The meeting reviewed a series of ECI’s comprehensive programs and initiatives, which are aligned with...

South Korea's K Shipbuilding will deliver the tankers in 2024.

The company's EBITDA increased 52 percent YoY to $162 million.

A statement said it was the largest multi-state privacy settlement by state authorities in US history and included a binding commitment for improved disclosures by Google.

The layoffs would follow an aggressive hiring spree. With business booming due to the coronavirus pandemic, as cooped up people turned in earnest to online shopping, Amazon doubled its workforce from the first quarter of 2020 to 1.62 million employees two years later.

The backlash against Eli Lilly showcased the real-life potential of online disinformation to trigger chaos and financial loss. The company's stock price has marginally recovered since last week's drop.

In order to shore up its economy battered by the Covid pandemic and political turmoil, the EU has signed off on a $103 million grant to cash-strapped Tunisia. The grant, according to EU, aims to support economic recovery efforts and consolidate the progress already made in distributing social aid.

BALI, INDONESIA - Speaking at the B20 Summit in Bali, Indonesia, Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi provided details on how the UAE continues to work to mobilize international efforts to stimulate trade and investment flows around the world. He said, in the keynote...

Amazon founder Jeff Bezos for the first time said he will give away most of his $124 billion fortune to charity, but warned that doing so effectively will be difficult. The pledge matched similar commitments by some of the world’s richest people, including Bill and Melinda Gates, Warren Buffett and...

Robust property sales helped firm enhance revenue.

Onshore revenue for the period was $1.074 bn, up 25% YoY.

United Nations Secretary-General Antonio Guterres hoped Russia would extend the deal that gives safe passage to Ukrainian grain shipments. The UN chief, addressing reporters in Bali ahead of a Group of 20 summit, said talks over the last week had delivered "progress" on the deal that is to end on...

Abu Dhabi, UAE--- Abu Dhabi's real estate market recorded a total of 4,441 transactions amounting to over AED 21.04 billion ($5.72 billion) in the third quarter, according to the latest report published by the Department of Municipalities and Transport (DMT). The DMT's quarterly showed that the emirate recorded 1,995 real...

SOLO, INDONESIA - President Sheikh Mohamed bin Zayed Al Nahyan and President Joko Widodo of Indonesia held talks aimed at further strengthening relations between the two countries. Their meeting came as part of the UAE President's working visit to Indonesia to participate in the G20 Leaders' Summit at the invitation...

The seemingly disembodied billionaire Twitter owner appeared by video link on Monday to address business leaders in Bali on the sidelines of the G20 summit, only his face and hands visible on an otherwise black screen.

The income vaulted to $1.77bn in the first nine months of 2022.

Passion for football in the Middle East runs deep, but a week before the start of the World Cup, the fervor is not universal as high costs are keeping many MENA fans away.

Abu Dhabi, UAE --UAE's Federal Tax Authority said Sunday it will launch EmaraTax platform on Dec.5, 2022. The migration to EmaraTax will commence from the end of day on Wednesday, 30 Nov. and EmaraTax will be available for use from 5 Dec. To minimize disruption to taxpayers the FTA has...

Greater investment in sustainable food cold chains is needed to reduce hunger, provide livelihoods to communities and adapt to climate change, two UN agencies said in a report launched at the COP27 climate change conference underway in Sharm El-Sheikh, Egypt.

A high number of residential and commercial units delivered in 2022 means tenant retention will become more critical, and rental rates across all major assets are expected to rise.

The G20 health ministers have agreed to establish a pandemic fund.

The adaptation and agriculture thematic day at COP27 focused on how the world will feed eight billion people.

The firm reported a 125 percent increase in its revenues.

Mozambique has started exporting liquefied natural gas (LNG) produced in the country's restive north, President Filipe Nyusi said. The first export shipment of gas from the off-shore Coral Sul plant, managed by Italian company Eni, has left the country, Nyusi said in a video statement. He said the shipment was...

Musk, who also owns electric car maker Tesla, was due to speak at the so-called B20 business conference on the resort island of Bali but a court case over his 2018 pay package worth about $56 billion in stock options is slated to begin next week.

The offering size was SAR 2.3 billion ($611 million), making it the second largest Accelerated Bookbuild Offering to ever take place in the Saudi market and the GCC region. It sold 12 million shares and its remaining stake is equivalent to 72 million shares or 60 percent of the Company's...

Kuwait City, Kuwait—Kuwait will set up more than 400 local development project on Saji Island, according to the acting director general of the National Fund for Small and Medium Enterprise Development. Adel Al-Hasawi told media that the artificial island, located south of Jaber Causeway, is versatile and will be divided...

The Ministry of Climate Change and Environment (MOCCAE) introduced the second edition of the UAE Green Business Toolkit in partnership with the Global Green Growth Institute (GGGI) at the 27th United Nations Climate Change Conference (COP27), held in the Egyptian city of Sharm El Sheikh.

DFM index jumped 0.6 percent, Abu Dhabi index rose 0.1 percent, Saudi Stock Exchange varied as index ended its trading with a fall of 1.7 percent, losing 195.48 points.

SHARM EL SHEIKH, EGYPT - GE (NYSE:GE) signed a framework agreement with the International Renewable Energy Agency (IRENA) to support both climate change and energy security. The agreement was signed by Francesco La Camera, Director-General of IRENA and Roger Martella, Chief Sustainability Officer of GE at the 27th Conference of...

DOHA, QATAR - Qatar plans to open a new center in Jordan for issuing visas in the near future, in order to complete procedures for acquiring Work Residence Permit. The Qatari Ministry of Interior said five new centers for Qatar visas will soon be opened in Jordan, Tunisia, Morocco, Kenya...

It will sell 10% of its stake, amounting to 12m shares.

Doha, Qatar— Thousands of migrant workers wearing the colors of Argentina, Brazil and England staged a World Cup rally in Doha Friday, less than 10 days from the start of the tournament. Fans of Lionel Messi, Neymar and Harry Kane converged on the Doha seafront for a march that would normally...

Less than ten days before they play their first game in the tournament, Qatar has picked up a 26-man squad for the World Cup exclusively made up of home-based players. The hosts will play their first game against Ecuador in the opening match on November 20.

United Nations chiefs held talks with Russian officials on the Black Sea agreements on exporting grain and fertilizers, eight days before one of the deals is set to expire. UN humanitarian chief Martin Griffiths and Rebeca Grynspan, head of UN trade and development agency UNCTAD met Russian officials led by...

The Cryptocurrency platform chief executive quits.

ABU DHABI, UAE -UAE's Ministry of Industry and Advanced Technology (MoIAT) has signed a Memorandum of Understanding (MoU) with Burjeel Holdings to provide high-quality healthcare services to the ministry’s employees and their families. The agreement was signed by Dr. Shamsheer Vayalil, Founder and Chairman of Burjeel Holdings, and Omar Suwaina...

Firm's reduction of stake in Alibaba partly helped.

The company paid a dividend of AED1.285 bn in Oct.

Loss is basically due to the sale of one of its online platforms.

Riyadh, Saudi Arabia--- The Saudi Broadcasting Authority (SBA) and three international companies with expertise in the technological and media sectors have signed several agreements at the Future of Media Exhibition (FOMEX), which was hosted in Riyadh alongside the 22nd Arab Radio and TV Festival. Mohammed Fahd Al-Harthi, CEO of SBA,...