Shares closed the debut session up 15 percent ($0.62).

The Algerian and French prime ministers hailed a "new dynamic" as they launched a joint economic forum during a visit to Algiers by France's Elisabeth Borne. The French PM's two-day trip to Algeria comes just weeks after President Emmanuel Macron concluded his own three-day visit in August, following months of...

It has sought shareholders' nod for 65% capital reduction.

The Saudi firm's net profit rose 10% to $372m.

Khalil al-Balushi, one of Qatar's top football commentators, brings much-needed life to Qatar's subdued football culture.

The move marks a significant achievement for the Group

Vehicle owners have faced increasingly long waits to fill up after two weeks of strikes by workers demanding higher wages in response to soaring prices. Like other major oil companies, TotalEnergies has seen its profits soar as energy prices skyrocket during the war in Ukraine, and government officials have been...

Riyadh, Saudi Arabia - Remittances from expatriates in Saudi Arabia saw a 13 percent year-on-year (YoY) decline to SAR 11.92 billion ($3.15bn) in August, according to recent data released by the Saudi Central Bank (SAMA). On a month-on-month (MoM) basis, remittances from expats in Saudi Arabia rose 3 percent %,...

Dubai, UAE--- Non-oil trade of Dubai Airport Free Zone (DAFZ), part of the Dubai Integrated Economic Zones Authority (DIEZ), rose by more than 36 percent year-on-year in 2021 to more than AED162 billion, from AED119 billion last year. DAFZ contributed 10.7 percent to Dubai’s non-oil trade in 2021, exceeding expectations...

Qatar plans to hike its imports of Jordanian food products during FIFA World Cup Qatar 2022 as demand is expected to increase at unprecedented rates due to influx of over 1.5 million fans and visitors.

In a statement Sunday, Energean said that "following approval received from the Israeli Ministry of Energy to start certain testing procedures, the flow of gas from onshore to the FPSO has commenced", referring to the Karish floating production storage offloading facility.

French Prime Minister Elisabeth Borne starts a visit to Algeria with a top-level delegation, pushing for better ties with the former French colony and major gas exporter. Her two-day trip along with 16 ministers comes just six weeks after President Emmanuel Macron concluded a three-day visit aimed at ending months...

Cairo, Egypt— Egypt has recorded a huge jump in arrival of tourists from many European countries and the US, as Luxor basks in a tourist boom not seen in the last few years. Tourists from Spain and France are leading an increase in visitors to Egypt from a number of...

Logistics solutions will be developed for ADNEC events.

High oil prices drove equities up on both the Abu Dhabi Stock Exchange and the Dubai Financial Market, but Saudi equities did not follow the trend, remaining subdued toward the close of the week.

Seeking to debunk the impression that it was somehow behind the rise in oil prices in the US, Saudi Arabia has said that it did not politicize oil or oil decisions and that it looked at oil as a commodity important to the global economy in which the kingdom had...

From Formula One racing to the football World Cup, the top-notch global sporting events are coming to Middle East, bringing with it billions of dollars in sports tourism.

The winning bid, by an undisclosed buyer from Boca Raton, Florida, was more than twice the estimated $21 million sale price.

Sharjah Commerce and Tourism Development Authority (SCTDA) has confirmed its participation at the 42nd GITEX Technology Week, to be held from October 10- 14 2022 at the Dubai World Trade Center.

Doha--- Qatar Chamber and Kazakhstan's Social-Entrepreneurial Business Corporations have discussed economic and commercial relations besides investment climate and opportunities in both countries. These issues were discussed at the meeting between Qatar Chamber First Vice-Chairman Mohamed bin Twar Al Kuwary and First Deputy governor of Zhambyl Region in the Republic of...

Dubai Electricity and Water Authority (DEWA) has invited international developers to send their Expressions of Interest (EOI) to implement the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park based on the Independent Power Producer (IPP) model.

The Emirates Nuclear Energy Corporation (ENEC) announced that Unit 3 of the Barakah Nuclear Energy Plant has successfully been connected to the UAE’s transmission grid.

Abu Dhabi, UAE - OneConnect Financial Technology launched Saturday its regional operations in Abu Dhabi Global Market, local media reports said. A Technology-as-a-Service provider for financial institutions, it will support fintech ecosystem and enhance digital transformation of UAE's financial services. ADGM and OneConnect worked on creating the ADGM Digital Lab,...

An IsDB official said proceeds were used to finance projects to recover from the COVID-19 pandemic, reduce poverty etc.

The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience.

The device was unveiled this week in Brooklyn, where representatives from the Mountain View, California giant highlighted top-flight features that can silence background noise on the phone. First introduced in 2016, the Pixel was a late-comer to the portable phone trend, arriving nearly a decade after Apple's iPhone and seven...

Delegations from France and Italy have visited the Expo Center Sharjah to discuss ways to strengthen cooperation and exchange expertise in the field of exhibitions and conferences.

Stocks mostly slid and the dollar surged after US jobs data showed only a timid slowdown in the labor market, setting the stage for further interest rate hikes. Equity markets have taken a battering as the US Federal Reserve has made it clear it intends to continue raising interest rates...

A high-level UAE delegation, on a visit to Egypt, met with senior officials of the Egyptian Ministry of Defense.

World food prices have fallen for a sixth month in a row in September, UN data showed as they continued to fall after a record reached after Russia's invasion of Ukraine. The Food and Agriculture Organization said its price index, which tracks monthly change in global prices of food commodities,...

EU leaders meeting in Prague looked to bridge divisions on how to tackle soaring energy prices as they grapple with the fallout from Russia's war on Ukraine. President Volodymyr Zelensky was dialling in from Kyiv as the bloc looks to maintain its economic and military support for Ukraine and hold...

The firm operates the world's largest silicon wafer factories.

The firm won the nod from CMA to increase capital by 700%.

The South Korean tech giant, Samsung Electronic, has said that it expects operating profits in the third quarter to fall 31.7 percent as a global economic downturn hit demand for consumer electronic. The latest forecast is the company's first projection of a year-on-year decline in profit for nearly three years.

The Aqaba Medical Sciences University (AMSU), the first medical university in Jordan, will enroll its first class of medical and dental students for the new academic year.

Delaware Judge Kathaleen McCormick, ruling on a Musk request to freeze the case that had drawn a biting retort from Twitter, said a trial originally scheduled to begin in 11 days could be rescheduled for next month if a deal is not finalized. "If the transaction does not close by...

To draw firms from around the world, the UAE and KSA have been working hard over past few years to build infrastructure comparable to that of industrialized nations.

IMF chief Kristalina Georgieva urged global policymakers to take concerted action as the risks of a worldwide recession are driven ever higher by repeated economic shocks. In a speech ahead of the fund's annual meetings next week, the IMF's managing director said it was critical to address challenges including inflation.

The move will help develop ADX derivatives market.

Air travel rose sharply in the northern hemisphere summer, traditionally the peak vacation travel season, but still remains considerably affected by the pandemic, industry data showed Thursday.

TAQA Energy will sell upstream oil and gas business to Waldorf.

Both companies will merge their healthcare businesses.

Amid crippling energy shortages, the British government is negotiating with Qatar and Norway to secure new long-term gas contract, according to media reports. The reports said that Prime Minister Liz Truss is in favor of the deal, which would secure long-term energy sources and cut down the cost of the...

The discussions took place during a business session held in collaboration with Abu Dhabi Department of Economic Development.

The ceremony was attended by Dr. Majida Al Azazi, Chairman of the Board of Directors of M Glory Holding Group, and Saud Abu Al Shawareb, Executive Vice President - Industrial Leasing at TECOM Group PJSC, along with other top business leaders and media representatives.

The failure to flesh out her economic plan failed to calm the jittery markets, however, and the pound slid 2.01 percent against the dollar, falling to as low as $1.1241 after her address.

The 13-nation OPEC cartel headed by Riyadh and its 10 allies led by Moscow agreed to reduce output by two million barrels per day from November at a meeting in Vienna, the group said in a statement. It is the biggest cut since the height of the Covid pandemic in...

Presenting a revision of their annual trade forecast, WTO economists said they expected the volume of global merchandise trade to grow 3.5 percent this year, which is slightly higher than their expectations in April. But they forecast it would grow by only one percent in 2023 -- dramatically down from...

It becomes first Saudi firm to enter plasma products' field in GCC region.

VPS Healthcare Holdings will continue to own a 70 per cent stake.