Riyadh, Saudi Arabia—Saudi Arabia’s Ministry of Industry and Mineral Resources has issued 52 new mining licenses in August 2022, according to a statement. Out of the total, 18 were to build material quarries, 21 were exploration licenses, three exploitation licenses, and five survey licenses, according to the Ministry’s National Industries...

The Saudi developer will offer 20% of its shares on Nomu.

This year’s publication will again be accompanied by a smart app to give increased access to the WOO’s vital analysis and energy data.

MENA residents' satisfaction and expectations about how services can and should be delivered have been radically altered due to the COVID-19 pandemic.

flydubai will wet lease four Next-Generation Boeing 737-800 aircraft.

Berlin, Germany - Germany on Friday said it had filled its gas reserves to 95 percent of capacity faster than expected as it prepares for a winter deprived of Russian energy supplies. Europe's largest economy had been heavily dependent on Russian gas and has raced to bolster its reserves after...

Large US banks reported a round of solid quarterly profits, but cautioned of rising recession risks as the economy absorbs higher inflation and a dramatic shift is central bank policy. JPMorgan Chase set aside US$808 million in case of bad loans, while Citigroup reserved for $370 million in potential losses...

Russian oil giant Rosneft has filed a complaint against the German government for taking control of its German-based refineries, a court said, as energy tensions run high following Moscow's war in Ukraine.

The strategy includes the national low-carbon power and water champion’s interim greenhouse gas (GHG) emissions reduction goals.

GlobalConnect is a fiber-based data center services provider.

The Environment Agency - Abu Dhabi (EAD) organized two training workshops on the Green Industries environmental labeling program.

Saudi Aramco, one of the world's richest companies, will sponsor the International Cricket Council's upcoming men's and women's T20 World Cups and next year's one-day World Cup in India under a partnership deal. The partnership to run until the end of next year "will connect Aramco with a global cricket...

QatarEnergy bought 49 percent of Qatar Electricity and Water Company’s share in Siraj Energy.

Dubai, UAE---Dubai real estate market recorded realty transactions worth AED2.1 billion ($571 million) on Thursday, Dubai Land Department said. The transactions included 401 sales deals worth AED1.69 billion, in addition to 77 mortgage deals of AED324.64 million, and 13 gifts deals amounting to AED132.47 million on Thursday. The sales included...

The decision, which can be appealed, came after Brazil's justice ministry slapped a separate fine of nearly $2.5 million on Apple in September over the same issue and barred the US tech giant from selling its iPhone 12 and 13 models without chargers. The new fine -- 100 million reais...

The biggest announcement from this week's Meta Connect event -- the company's giant's annual conference focused on virtual reality -- was the launch of the much anticipated Meta Quest Pro VR headset, targeted at professionals in creative fields. But there were also legs -- as in, legs for user avatars...

After having shunned advertising since it started its streaming service, Netflix acquiesced as competition in the market intensifies and as consumers recoil from soaring inflation. The ad-discounted tier, a first for Netflix, will roll out in Australia, Brazil, Britain, Canada, France, Germany, Italy, Japan, South Korea, Mexico, Spain and the...

V Nandakumar stressed that the group’s listing is a major opportunity to contribute to the sustainable growth of the Emirati economy.

Close to 200 years after the business hub of New York City was named as downtown, the word has entered the lexicon of business and commerce in the Middle East, with many areas being referred to by it.

Defunct cell phones are just the tip of the 44.48-million-ton iceberg of global electronic waste generated annually that isn't recycled.

JV will help in strengthening VW's presence in China.

Riyadh, Saudi Arabia---The Saudi Arabia's Camel Club and Riyadh Chamber of Commerce have signed an MoU to develop and create investment opportunities in the camel sector. The MoU, which was signed in presence of Executive Director of the Camel Club, Engineer Bandar Al-Qahtani and Vice Chairman of the Board of...

The profit for the same period in 2021 was 538,832 OR.

The contract awarded to ADNOC Drilling to hire offshore rigs.

Musk is expected to complete a $44-billion takeover of Twitter by the end of the month. If he fails to do so, a trial for a breach-of-contract suit in the on-again-off-again deal will take place in November.

The company is raising capital to support the ongoing expansion in the UAE and Oman, and pending entry into Saudi Arabia, Dr Parambath said.

The TOP CEO Conference, held in Dubai in Q2, discussed several burning global and regional issues of the time. It may help policymakers devise better strategies.

A few days after US President Joe Biden said that there would be consequences for Saudi Arabia on its decision to cut oil production target, the kingdom today said that the OPEC+ decision was unanimous and took into account the balance of supply and demand. The kingdom rebuffed statements criticizing...

Allen co-founded Microsoft with Bill Gates in 1975, becoming fabulously rich as the company grew into the computing behemoth it is today. By the time he died in 2018 at the age of 65, he had bought some of the most important works created in the last half a millennium.

Buy Now, Pay Later services provide customers the functionality of credit cards-- easy payments with no cash. But BNPL usually eliminates fees and interest in exchange for an agreement that you'll pay back the loan within a fixed term of up to six weeks.The approval process for BNPL is quick...

The fund's comments, in its latest Fiscal Monitor report, come as food prices have surged by half since 2019 while energy bills have soared in the wake of Russia's invasion of Ukraine. Countries spent heavily to protect their economies during the pandemic, then faced supply chain issues as they emerged...

It plans to deploy $1bn in sustainable energy projects.

Will enable SMEs to access e-commerce faster.

JAFZA is home to over 9000 companies, including Fortune 100 firms.

Most of the respondents in the poll feel that GCC will weather the gathering economic storm and come out unscathed, a view corroborated by the IMF and the World Bank.

Meta said it is partnering with Microsoft and others to tune popular business and productivity software to virtual worlds using Quest Pro. Capabilities being worked on include using Quest Pro during virtual meetings on the Microsoft Teams platform, according to the two companies.

It will build 550 housing units in Riyadh for $161m.

About 42.6 percent of jobs in the region will be automated by 2030, ahead of the global average of 32 percent, predicts a McKinsey report.

MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received Consul-General of Canada to Dubai and the Northern Emirates Jean-Philippe Linteau at GITEX Global 2022.

Dubai, UAE--- Dubai real estate market recorded realty deals worth AED1.5 billion ($408 million) on Tuesday, Dubai Land Department said.

Stock markets and oil prices slumped as investors grow fearful that more big interest rate hikes will tip economies into deep recessions. The mood darkened also on the worsening Ukraine war and weaker demand expectations in China. Analysts said US consumer price index data released later this week will be...

The Ministry of Human Resources and Emiratization (MoHRE) of UAE announced that an 'Unemployment Insurance Scheme' for employees of the federal government and the private sector has come into force.

Its net profit for the first nine months of the year was $3bn.

German Chancellor Olaf Scholz criticized US climate protection plans that would shield domestic companies from foreign competition, saying they could trigger "a huge tariff war". Unease has been growing abroad about US President Joe Biden's landmark "Inflation Reduction Act", which includes tax breaks for US-made electric cars and batteries.

Riyadh, Saudi Arabia— Saudi National Gypsum Co. and El-Khayyat Gypsum are among the eight qualified bidders to compete for an exploration license for gypsum ore at Al-Qasab wells mining site. With an area of 600,00 sq.m., the site is located south of the Nabat Center in Al Madinah Al Munawwarah...

The announcement on Friday marked the latest volley in a long-running standoff between the two superpowers that has seen them face off over a range of issues including technology, trade, Hong Kong, Taiwan and human rights.

Luxury goods business in the MENA region is seeing a reorganization, surprising market experts, as homegrown brands challenge the hegemony of high-end Western labels.

Current trends in the automotive sector such as zero-emission vehicles and carbon-neutral manufacturing demonstrate the growing importance of sustainability, says a key BMW Group Middle East official.

Dubai real estate market recorded 445 sales transactions worth US$321 million, in addition to 68 mortgage deals of $121 million and 37 gifts deals amounting to $16 million on Monday, data released by Dubai's Land Department (DLD) showed.

A Saudi Arabian delegation led by Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha is on a visit to Oman.