Airbus will make a one-off payment of 1,500 euros for all employees in its four founding nations, UK, France, Germany, Spain as inflation makes life difficult. The company employs 126,000 people worldwide, including 46,000 in France and 43,000 in Germany. The employees outside of the four countries will receive a...

International Holding Company (IHC) has scaled up its IT business, making deals to the tune of $272 million in the first ten months of 2022. It is part of the company's long-term strategy to grow its capacity in the tech industry across different sectors.

It received a dividend of $553m from its subsidiary, EMPOWER.

Operating profit before provisions rose by 12%.

The economic ties between the UAE and Egypt were strengthened this year by the signing of the Industrial Partnership for Sustainable Economic Growth, crowning a more than fifty-year long trade relationship between the two nations that has grown to $67 billion in the last twenty-two years.

The diversification of revenue streams boosted the bank's profitability.

"Negotiations with the European league began eight months ago, and its goal is to involve a club from Dubai in the prestigious tournament, in addition to hosting some matches in the city," said Al Naboodah, the former president of Dubai's Al-Shabab Al-Ahli football club.

Empower will make 1 bn shares, each valued AED0.10, available in IPO.

MUSCAT, OMAN - The inflation rate of Consumer Price Index in Oman reached 2.4 percent during September 2022. A monthly consumer price survey report by National Center for Statistics and Information said this. The report noted prices of education group increased by 5.1 percent, while prices of health group and...

Most markets rose on hopes the Federal Reserve would soon slow its pace of interest rate hikes, though the mood was darkened over China after President Xi Jinping tightened his grip on power. The yen weakened against the dollar after a short rally after speculation Japanese authorities had stepped into...

Bank to pay fine on money laundering, tax fraud charges.

Aliph Capital is an alternative investment firm focused on private equity investing.

The two firms signed a partnership to provide bespoke credit solutions.

The step followed penalty for faulty sleep respirators.

Economic activity in the eurozone plummeted further in October and Germany, the EU's top economy, looks headed for a recession, a closely watched survey showed Monday.

The company also announced the winning products of the Co-Innovation Award, the launch of the first Local Technology Guide in the Middle East and North Africa.

The bank's profit rose to $1.3bn in the first nine months of 2022.

Doha, Qatar— Qatar Tourism has thrown open more than 20 hotels, resorts and new tourist destinations in the country ahead of the FIFA World Cup Qatar 2022. The projects and tourist attractions will be ready to receive football fans from next month. In a statement on Sunday, Qatar Tourism stated...

DUBAI, UAE - UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the World Food Forum where she spoke about the country's efforts to enhance youth engagement in strengthening food security through innovation and entrepreneurship. The Forum from October 17 to 21 at the headquarters...

Since June 2022, when the first Liv Golf tournament funded by Public Investment Fund was played, nine golfers in the top 40 ranking have joined Liv Golf.

Saudi Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs Prince Mohammed bin Salman bin Abdulaziz announced the launch of the Global Supply Chain Resilience Initiative. GSCRI aims to make Saudi Arabia a location of choice for leading global industrial companies looking to improve business...

AMMAN, JORDAN - Jordan will Monday host the 2022 Organization for Security and Co-operation in Europe (OSCE) Mediterranean Conference, organized by North Macedonia, Chair of 2022 Mediterranean Partners for Co-operation Group and the OSCE Secretariat/External Co-operation Section. The two-day meeting in the Dead Sea region will bring together representatives from...

Jerusalem, Undefined—Israel's Supreme Court on Sunday paved the way for the signing of a maritime border deal with Lebanon, after it rejected appeals that the pact requires parliamentary approval. The signing is expected later this week. Israel and Lebanon, who are technically at war, agreed to terms earlier this month on...

The Future Investment Initiative (FII) was launched in 2017 as an economic coming-out party for the world's largest crude exporter, which is trying to diversify away from oil.

Doha, Qatar— Qatar Chamber has signed an agreement with the Benin Chamber of Commerce and Industry to develop economic and commercial relations and streamline bilateral cooperation between the two countries. The agreement was signed by the First Vice-Chairman of the Qatar Chamber Mohammed bin Twar Al Kuwari and the President...

Traditionally, GCC trade was focused on the West. However, now it is moving to the East. This eastward shift is not too surprising given the continuing travails of many developed Western economies. With the sluggish recovery from the financial crisis in the EU and the US, Gulf economies have had...

At least 11 Jordanian food processing companies took part in the SIAL Paris 2022 trade show, the Jordan Exporters Association (JEA) said.

Executive Director of the UAE Independent Climate Change Accelerators (UICCA) Sheikha Shamma bint Sultan bin Khalifa Al Nahyan highlighted the rapid escalation of the climate crisis in recent years, and UAE’s efforts to mitigate the effects through its Net Zero strategy.

The traded values (short and long trades) on the exchange reached $177 billion compared with $134 billion during the same period last year.

The UAE has signed agreements to the tune of $70.8 million with medical companies to manufacture medical equipment at home.

Its profit shot up to $191m in first nine months of 2022.

A planned underwater energy pipeline linking Barcelona in Spain and Marseille in France could take up to seven years to build, Spain's energy minister said.

RIL's core oil-refining business hit overall profits.

The offering saw significant demand and commitment from IHC.

Bank raised US$325m from its stake sale of Spanish firm.

Dubai, UAE---A total of 2,703 real estate transactions worth AED8 billion ($2.17 billion) were conducted during the week ending 21 October, 2022, according to the Dubai Land Department (DLD). A total of 147 plots were sold for AED1.12 billion, and 2,023 apartments and villas were purchased for AED4.79 billion. The...

Its existing Sukuk valued $350m was issued in June.

The authorized capital of the company is US$78 million.

The UAE-UK Business Council hosted its 20th Plenary Meeting in Abu Dhabi, co-chaired by Ahmed Al Sayegh, Minister of State, and Lord Udny-Lister.

The total revenue in Q3 ended Sept reached AED156.11 million

Android had a suite of Google apps pre-installed on its phones, including the company's own search engine, "which accorded significant competitive edge to Google's search services over its competitors", a Competition Commission of India statement said late Thursday. "Markets should be allowed to compete on merits and the onus is...

Twitter had filed a lawsuit to hold Musk to the terms of the takeover deal he inked in April, even though Musk tried to get out of it. A US judge recently suspended litigation in the saga after Musk expressed a change of heart, giving the parties until October 28...

The Finnish company reports net sales of $6billion.

Firm is making 'pricing adjustments' as inflation soars.

The net profit for the same period last year was $738m.

The United Arab Emirates is set to host three healthcare events next week in Dubai where over 4,000 healthcare professionals and participants are expected to attend.

The decision comes right after President Recep Tayyip Erdogan said the central bank would keep cutting rates every month for "as long as I am in power".

Riyadh, Saudi Arabia--Aramco said on Thursday it has launched Taleed program to accelerate the growth of Small and Medium Enterprises (SMEs) in Saudi Arabia, boost their contribution to economic development and support job creation. In a statement, Aramco said the program targets sustainable SME growth across multiple sectors through a...

American Airlines third quarter revenues rose to $13.5 billion.

Dubai Electricity and Water Authority (DEWA) recorded substantial growth of 22 percent in investments allocated to transmission substations during the first half of 2022, compared to the same period last year.