Stock markets across the GCC remained less enthusiastic as oil, which fuels the region's growth, declined amidst fresh coronavirus scare.

Firm said it was paying the government a nine-digit sum.

AMMAN, JORDAN - Amman is scheduled to host the Seventh International Investment Forum for Renewable Energy and Energy Efficiency in MENA on Sunday, organized by the Arab Renewable Energy Commission(AREC), with Arab and international participation. In a statement Saturday, AREC's Secretary-General, Mohammed Taani, said the forum will discuss over three...

It said profit was driven by multi-sector investments.

The makeover is geared to provide connectivity and hospitality that showcases the emirate as a prime travel destination.

Masdar will also participate with partners in the upcoming Round 4 tender announced by the Saudi Power Procurement Co.

Abu Dhabi, UAE— The UAE Ministry of Finance announced amendments to some provisions of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT), which will be effective from 1st January, 2023. The amendments were made are in line with international best practice in light of the GCC...

DUBAI, UAE - The Dubai Financial Services Authority (DFSA) has signed a Memorandum of Understanding (MoU) with the Bangladesh Securities and Exchange Commission (BSEC) to enable exchange of information between the two authorities. The MoU was signed by Chief Executive of the DFSA Ian Johnston and Chairman of the BSEC...

Hike in profit was due to high oil, natural gas prices.

Firm's Q3, 2022 profit fell compared to Q3 in 2021.

Revenue doubled year-on-year to US$17.1 billion.

HDC provides special education and care services in S Arabia.

The company reported a 13.5% increase in revenue to $5.13 billion for 9M.

Saudi Arabian Mining Company (Ma’aden) is one of the largest purchasers of carbon credits from the first MENA Voluntary Carbon Market auction.

Bottomline took a hit from Russia production halt

The Group's Q3 2022 figures showed revenue of $29 million and gross margin of $38 million.

The tech giant's iPhone sales missed estimates

The 51-year-old ended up selling around $15.5 billion worth of Tesla shares in two waves, in April and in August.

Musk wasted no time sacking chief executive Parag Agrawal, as well as the company's chief financial officer and its head of safety, the Washington Post and CNBC reported citing unnamed sources. Agrawal previously went to court to hold the Tesla chief to the terms of a deal he had tried...

New York, United States---Closing in on his Twitter megadeal, Elon Musk said Thursday his goal is to enable "healthy" debate of ideas and counter the tendency of social media to splinter into partisan "echo chambers." In a message meant to reassure jittery Twitter advertisers on the eve of a court-imposed...

Volatile markets were mostly trading up after the ECB announced an expected hike to interest rates in the face of sky-high inflation and the US economy posted positive figures. The European Central Bank rolled out another increase of 75 basis points, despite growing concern the eurozone is hurtling towards a...

Q3 profit was AED3.8 bn, up 51 percent year-on-year, exceeding the $1bn mark.

The bank attributed the profit to higher funded and non-funded income.

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Federal Chancellor of the Republic of Austria Karl Nehammer met in Abu Dhabi Thursday to explore opportunities to further enhance bilateral ties in light of the Comprehensive Strategic Partnership that exists between the two countries.

Egypt and International Monetary Fund have reached a staff-level agreement on the economic policies to be supported by a 46-month arrangement under the Extended Fund Facility, IMF Mission Chief for Egypt Ivanna Vladkova Hollar said.

Retail sales declined in its main markets Europe and the US.

Match fees are however separate from annual pay packets -- there will still be enormous differences between what men and their women counterparts earn.

Jerusalem, Undefined—Prime Minister Yair Lapid on Thursday claimed Israel's foe Lebanon de-facto "recognizes" the Jewish state, due to a sea border deal the two states are set to sign imminently. "This is a political achievement -- it is not every day that an enemy state recognizes the State of Israel, in...

Switzerland's second-biggest bank launched a strategic review aimed at putting an end to a series of scandals that have shaken the institution, saying the results were intended to create "a simpler, more focused and more stable bank".

It, however, reported a 3.79% increase in sales.

According to a TRENDS poll, fear of being robbed online by fraudsters prowling on the web is keeping many MENA buyers from making their purchase online.

Riyadh, Saudi Arabia— Aramco will launch a $1.5 billion sustainability fund to invest in stable and inclusive energy transition technology. According to its CEO Amin Nasser, the fund will be managed by the company's venture capital arm Aramco Ventures. The CEO said that the fund will be “among the biggest...

The Kazakhstan ambassador valued the UAE leadership's interest in strengthening relations between the two countries, pointing out that the 1st of October marks the 30th anniversary of establishing diplomatic relations between the UAE and Kazakhstan.

The efforts are intended to jumpstart the nascent tourism sector in the once closed-off kingdom, which only began issuing tourist visas in September 2019 -- just months before the coronavirus pandemic decimated the industry globally.

Dubai, UAE--- Dubai real estate market recorded real estate transactions worth AED1.7 billion ($462 million) on Tuesday, Dubai Land Department said. The transactions included 425 sales transactions worth AED1.32 billion, in addition to 71 mortgage deals of AED386.7 million, and 12 gift deals amounting to AED56.77 million. The sales included...

The bank said impairment charges were AED1.7 billion, 11 percent lower YOY.

According to an analysis based on data released by Beijing's Ministry of Finance on Tuesday, the budget shortfall for all levels of government from January to September was $980 billion, almost three times the 2.6 trillion shortfall over the same period last year.

Tadawul is also developing a market marker for the bourse.

A panel of experts, bankers, politicians, top executives had predicted the fallout from the pandemic, runaway inflation, and war in Europe in May 2022 and it's coming true.

The CCI ordered Google to allow app makers to use third-party billing systems and treat rival payment processing services on equal footing. Tuesday marked the second financial penalty levied by the CCI against Google in a matter of days. Last week, the watchdog fined the company $162 million after ruling...

The embrace of digital services by it customers drove growth.

Worsening the financial situation for Alphabet is the fact that Google tends not to aggressively promote advertising on its platform with tactics such as trying to convince businesses that online marketing is a smart move during tough economic times, said independent tech analyst Rob Enderle of Enderle Group.

The firm's total VLCC fleet value is now $245 million.

ABU DHABI, UAE - In the UAE the revenues at the federal level increased by 26 percent from US$100 billion (AED367.9 billion) in 2020 to $126.3 billion (AED463.9 billion) in 2021, says the Ministry of Finance (MoF) data released Tuesday. The MoF released the preliminary government finance statistics data for...

On a third-quarter basis, DP World handled 20.1 million TEU.

US automaker was bolstered by strong vehicle pricing.

The bank income in Q3 fell by 10 percent to $8.2billion.

ALC is one of the largest meat producers in Australia.

SEOUL, SOUTH KOREA - The sixth round of revived negotiations between the Riyadh-based Gulf Cooperation Council (GCC) and the Republic of Korea to reach a free trade agreement was launched in the South Korean capital of Seoul Tuesday and lasts until October 28. The two sides expressed readiness to advance...

It recorded the profit at $256m in the first nine months of 2022.