The convulsions followed the unveiling of the site's long-awaited Twitter Blue subscription service, which allows users to pay $7.99 per month for a coveted blue tick, as well as a separate gray "official" badge for some high-profile accounts. But the release descended into tumult on Wednesday when Musk scrapped the...

The deal follows the acquisition of 30% stake in Daawat

Container throughput the Kingdom's ports continued its upward year-on-year movement during October 2022, soaring to 694,517 twenty-foot equivalent unit at 15.33 percent from last year’s total of 602,210 TEUs.

After the multi-billion dollar overhaul, Hamad International Airport will take its capacity from 40 million passengers a year to 58 million, Qatar Airways chief executive Akbar Al Baker told a news conference.

The profit rose by 99 percent compared to Q3 2021.

Firm is suffering from slowdown in China's economic growth.

Firm to transfer it equity interest to JV partner Sollers.

Taleem set the price range at AED2.95 ($0.80) and AED3 per share, implying a market capitalization at time of listing of between AED2.962 billion and AED3 billion. It plans to sell up to 254.2 million shares, or about a 25.32 percent stake.

Revenues in H1 of 2022-2023 surged 131% to $13.7 billion.

The company's revenue grew 17.8 percent year on year.

The food firm's revenue shot up to $260 million in Q3.

Intended to support the transition to renewable energy in developing nations, the United States launched a partnership with private funds based on a carbon credit system criticized by climate activists. The government scheme would help emerging economies attract finance to "support their clean energy transitions."

Abu Dhabi, UAE - AD Ports Group and International Development Bank (IDB) have signed a deal to review opportunities for ports and logistics projects that could enhance trade flows between the UAE and Iraq. IDB aims to provide its services to corporate clients and support a range of key infrastructure...

There are at least 25,000 rooms free even during the peak days of the World Cup, expected between November 24 and November 28, organizing committee accommodation director Omar Al-Jaber told a press conference.

Third quarter operating income grows by 4 percent.

The company reported net profit of $161m for 9M of 2022.

Dubai, UAE---Dubai real estate market recorded realty deals worth AED2.2 billion ($598 million) on Tuesday, according to the data by the Dubai Land Department. The deals include 544 sales transactions worth AED1.64 billion, in addition to 78 mortgage deals of AED590.54 million. The sales included 444 villas and apartments worth AED1.01...

Its profit rose to $52 million in first nine months.

Sharm el-Sheikh, Egypt—Saudi Arabia has signed two separate agreements with Oman and Egypt to boost ties in the energy field. The deals were reached on the sidelines of the COP27 summit in Egypt. A memorandum of understanding was signed by Saudi Energy Minister Prince Abdulaziz bin Salman and his Omani...

Musk has been searching for ways for the social media platform to make money after the buyout, including an idea to charge users $8 a month for verified accounts. The move would help overcome a potential loss of advertisers, Twitter's main source of revenue, after many top brands put their...

Described by his admirers as the white knight of a sector plunged into turmoil, SBF suddenly saw its star fade when Changpeng Zhao expressed doubts about the solvency of Bankman-Fried's Alameda Research and decided to withdraw its capital.

Although its subscriber base has swelled by 12 million users, Disney+ has seen its operating losses touch $1.47 billion for the July to September period. The number of people subscribing to Disney+ reached 164.2 million people, more than 161 million estimated by Factset, a data company.

The new CEO is being given a five-year contract, the firm said.

No financial terms were disclosed of the proposed deal.

Revenue was up 12% to reach $4.2 billion for the same period.

Global stock markets mostly moved higher as Americans headed to the polls in midterm polls. The dollar got back some of its recent losses versus the euro, while Chinese demand expectations were keeping oil prices in check. Europe's main markets were showing gains some two hours from the close save...

AMMAN, JORDAN - Jordan imported about 405,550 barrels of crude oil from Iraq in October, an average of 13,000 barrels per day, the Kingdom's Minister of Energy and Mineral Resources Saleh Kharabsheh said Tuesday. He said in a press release that the Kingdom had imported roughly three million barrels of...

DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) discussed with the Russian Ministry of Industry and Trade ways to boost collaboration, exchange medical expertise and expand partnerships in the pharmaceutical sector between the two countries. The two countries also discussed ways and means to encourage more Russian companies...

Customer deposits up by 9.2% to reach $5.79 bn.

Strong performance of the firm's agrochemicals division helped.

Net investment and other income reached AED93.8m.

DUBAI, UAE - The UAE-India joint technical committee for manpower held its first meeting where it explored areas of collaboration between the two countries. Both parties highlighted their keenness to enhance cooperation to ensure a safe, organized and legal transition of Indian laborers through the exchange of best practices in...

The company posted an EBITDA of $189 million.

Its net profit tumbled to $16m in first nine months.

The Japanese conglomerate wants to eliminate the material from all containers for newly designed smaller goods by 2025, a spokeswoman told AFP. "Instead of plastics, we will mainly use paper, and a so-called 'original blend material' made from bamboo, used paper and squeezed sugarcane fibre," she said.

Its profit rose to $235m in the first nine months of 2022.

The company hopes to elevate its investments in India to $5 billion within the next five years, up from just over $600 million currently.

The electric vehicle market is expected to grow rapidly in response to consumers' worries about climate change, putting pressure on manufacturers to develop less polluting products. The European Union last month agreed to phase out new CO2-emitting vehicles by 2035, a move set to turbo-charge the production of electric prototypes...

Chairman Alfredo Altavilla was accused of obstructing an offer by US investment fund Certares, Delta Airlines and Air France-KLM in favor of a proposal by Germany's Lufthansa and shipping group MSC.

New York, United States— The US government announced Monday it had seized $3.4 billion in bitcoin from a real estate developer who stole the cryptocurrency from the dark web marketplace Silk Road a decade ago. James Zhong, 32, pleaded guilty Friday to committing wire fraud in September 2012 ago when he...

A decision that will likely raise question marks over its commitment to free speech, Twitter has suspended many verified accounts after their user name was changed to Elon Musk. Musk tweeted on Sunday that any Twitter handles engaging in impersonation without clearly specifying 'parody' will be permanently suspended."

Expected to fetch more than $1 billion at the two-day sale in New York, late Microsoft co-founder Paul Allen's art collection will be up for grabs at Christie's at a time when experts say the super wealthy are viewing art as a safe investment this year amid a tumultuous global...

Paris, France - The European Union threatened Monday to take retaliatory measures against the United States for electric car subsidies that favor domestic manufacturers. The 27-nation bloc is upset about Washington's "Inflation Reduction Act", which will see vast spending on green energy initiatives and includes tax breaks for US-made electric...

The Gulf region’s loan-to-deposit ratio fell by 160 basis points in the second quarter of 2022, due to higher customer deposits.

SHARM EL SHEIKH, EGYPT - UAE Minister of Industry and Advanced Technology Dr. Sultan bin Ahmed Al Jaber said that the speech of President Sheikh Mohamed bin Zayed Al Nahyan at COP27 outlined the UAE’s clear vision and strategic approach to climate action and sustainability. The minister and the UAE’s...

Stock markets mostly rose, extending last week's strong gains, while oil prices fell after China reaffirmed its commitment to its economically painful zero-Covid policy. The Chinese government said it would stick to its current plan, which involves harsh lockdowns and strict quarantine and testing regimens.

The branches cater to northern, southern areas.

AMMAN, JORDAN - Jordan's real estate trade picked up by 23 percent to US$6.8 billion (JD4.875 billion) in 2022's January-October period, in comparison to figures reported in the same period of 2021. The Department of Land and Survey (DLS) revealed on Monday that the state's revenue from the real estate...

Hub71 and Yahsat are both supported by Mubadala investment company.

It posted a net profit of $1.36bn in H1.