S&P Global's latest data reveals that the UAE has recorded a strong growth in business across the non-oil economy even as its Purchasing Managers’ Index slightly took a dive to 56.1 in September over the previous month.

Morocco - the world's top producer of hashish according to the United Nations - lies on Europe's doorstep and is potentially well placed to become a top legitimate exporter. But a domestic crackdown on growers, slow progress in issuing licenses for legal production and strong competition from European operators has...

The PIF-backed firm buys 34% stake in an Egyptian firm.

In its new analysis, energy think tank Ember compared data from the first six months of the year -- which included the Russian invasion of Ukraine -- and the beginnings of the international energy crisis.

US equities posted gains for a second straight session amid hopes of a US monetary policy pivot, after a bruising September ended another losing quarter for Wall Street. Twitter surged on the revived chance of Elon Musk's takeover as the tech-rich Nasdaq Composite Index climbed 2.8 percent.

The 28-year-old, whose ambition is "to be a good example for all the young people who follow her" has won three WTA titles including two this year in Madrid and Berlin.

Looking to showcase Islamic culture and art and history, Qatar has unveiled its landmark Museum of Islamic Art after an 18-month renovation ahead of the World Cup. The five-story building has redesigned its collections, with some two-thirds of the thousand exhibits new to the museum.

The Riyadh Chamber hosted a meeting in which 23 Russian companies and representatives of the Saudi Arabian business sector participated.

Riyadh, Saudi Arabia--Saudi Arabia's General Authority of Ports (Mawani) has signed a contract with Globe Group, a marine services company, to establish an integrated logistics zone and a re-export zone in Jeddah Islamic Port on an area of ​​135,000 square meters. Mawani said the logistics zone will enhance the port’s...

Asian and European stocks rallied and the dollar dipped as weak US data sparked hopes the Federal Reserve could ease its interest-rate hiking plans. Frankfurt and Paris equities soared over three percent in value after similar stellar gains in Tokyo, while London won two percent. Central banks across the world...

Firm aims to expand its utilities, energy investments.

"The deserts and mountains of Saudi Arabia will soon be a playground for winter sports," the Olympic Council of Asia (OCA) said in a statement on the decision made during its general assembly meeting in Phnom Penh. The Saudi bid was "unanimously approved", the statement said, noting that the megacity...

The long-awaited feature to edit tweets is being rolled out to those subscribing to Twitter's Blue service in Australia, Canada and New Zealand. According to the company's website, Twitter Blue subscriptions are priced at $5 monthly.

Under the $123m project, nine apartment blocks will be built.

The capital will be raised through a rights issue.

The fund has hired a large group of banks including Citi and JPMorgan to arrange a debut issuance of multi-tranche US dollar-denominated green bonds.

It will take $60-85 billion for the GCC to put in place a modern recycling system for waste management, according to a study carried out by Boston Consulting Group (BCG) and the World Business Council for Sustainable Development (WBCSD).

Post pandemic, startups, SMEs, and entrepreneurs must adopt a new mentality to scale their enterprises and survive, says Awfa Mustafa, CEO of Najahi Events.

Iran and United States have arrived at a deal to exchange prisoners and unfreeze Iranian funds abroad, according to media reports. The deal includes freedom for eight people held in the custody of two countries. The exchange will follow a UN statement last week that a former UNICEF official was...

Doha, Qatar - The Qatar Ports Management Company (Mwani Qatar) said it received 123,000 TEUs in September- a one percent month-on-month growth rate. Mwani Qatar stated it received 276 ships in September, registering a three percent increase while recording a surge of 31 percent in the general cargo with more...

Europe must ramp down gas consumption to survive the winter given perilously low stocks amid fears of a total cut off of Russian supplies, the International Energy Agency said.

Turkey's foreign minister signed a deal in Libya's capital Monday allowing for oil and gas exploration in 'Libyan waters'.

UAE's Ministry of Finance (MoF) participated in the third Framework Working Group (FWG) meeting within the G20 Finance Track for 2022.

UAE Ministry of Human Resources and Emiratization has launched the Customer First Forum, comprising virtual sessions on a weekly basis on queries of employers and employees in the private sector and citizens seeking jobs.

Dubai, UAE--- DP World has launched the Global Business Corporation (GBC), a new strategic arm focused on supporting large companies in achieving their growth ambitions. The port operator said that GBC invites companies to enhance their international operating models with a base in the emirate and raises awareness about Dubai’s strengths...

Its value is $2.8trn in the first nine months of the year.

The agreement relates to fuel oil transport and storage.

The company delivered a total of 343,380 vehicles

The UAE and Italy are looking to widen trade ties between the two countries, and in this regard an Italian delegation met with Dubai Customs to further economic cooperation.

The Pittsburgh-based company is looking to establish a state-of-the-art manufacturing plant in Khalifa Industrial Zone Abu Dhabi.

While Qatar feverishly seeks to complete work on hotels and apartments for the World Cup fans, its squad for the games trained on home territory for the first time in four months in a Doha stadium. The team had been kept away from the glare of media in Spain and...

With the rise in demand for low-carbon investments, investors issued $517 billion in green bonds last year, a 50 percent increase over 2020.

Riyadh, Saudi Arabia - Saudi bank loans granted to public and private sectors grew 15 percent  by the end of August to SAR 2.359 trillion ($630 billion), compared to SAR 2.049 trillion ($550 billion) a year earlier, according to the Saudi Central Bank (SAMA). Private-sector lending also increased by 15...

UAE Ministry of Culture and Youth participated in the UNESCO World Conference on Cultural Policies and Sustainable Development – MONDIACULT 2022, which took place in Mexico.

Abu Dhabi, UAE - The non-oil trade between the UAE and China increased by 78.5 percent from 2012 to 2021, totaling AED223.5 billion ($60.85 billion) by the end of 2021 compared to AED125.1 billion ($34 billion) in 2012. The Federal Competitiveness and Statistics Centre (FCSC) said during the reporting period,...

The Sharjah Chamber of Commerce and Industry (SCCI) has organized a forum to discuss ways to boost economic ties and deepen commercial collaboration with Russian business community.

Riyadh, Saudi Arabia---Saudi Ports Authority (Mawani) and the Saudi Information Exchange Company (Tabadul) signed an MoU to develop new port community management systems. The MoU aims to achieve the expansion of services provided in Saudi ports and doubling their number from 46 to 150 besides. It also aims at enabling...

As the countdown to the start of the World Cug gets underway, Qatar has accelerated efforts to ready luxury hotels and bargain apartments for a million or more footfall fans. Hundreds of laborers are working on 211 meter high Katara Towers where VIP guests of FIFA will stay during the...

The Energy Minister said the UAE encourages joint investments with China in every sector, most notably in digital economy, green economy and circular economy.

GCC markets had a mixed week as Saudi stocks powered by the banking and commodities retail sectors posted gains, while the UAE stocks tanked, ending the weeks with losses.

The kingdom will need an investment of $35.6bn for nearly 20,000 new hospital beds by 2030, according to Colliers. High land costs can be an impediment to realizing the goal.

The Nord Stream 2 pipeline is no longer leaking under the Baltic Sea because an equilibrium has been reached between the gas and water pressure, a spokesman said. "The water pressure has more or less closed the pipeline so that the gas which is inside can't go out," Nord Stream...

SOFIA, BULGARIA - Russia's Gazprom has suspended gas deliveries to Italy's Eni, blaming a transport problem in Austria, the Italian energy giant said. "Gazprom told us that it was not able to confirm the delivery of the volumes demanded for today, citing the impossibility of gas transport through Austria," Eni...

The OPEC+ oil cartel will meet in Vienna next week for the first time since Covid curbs were introduced in 2020, the organization said.

The EU executive believes it can raise €140 billion from the levies on non-gas electricity producers and on energy majors that are raking in outsized profits from the global energy demand.

The shirt, which sold for $9.3 million to a secret buyer, has been loaned to Qatar's 3-2-1 sports museum and will go on display from Sunday until April 1.

Saudi Arabia is expecting to record an increase in its budget surplus in 2022 to S24 billion, according to the kingdom's Minister of Finance. The top oil exporter of the world is hoping to see its GDP grow by 8 percent, and it expects inflation to be around 2.6 percent.

Saudi Arabia is expected to generate an annual income of $32 billion from recycling waste by 2035, according to the minister of environment, water and agriculture.

According to a PWC estimate, the MENA region's blockchain market would reach $3.2 billion by 2024, and the UAE is working to become a major player in the field.

The Department of Health – Abu Dhabi (DoH) launched the first edition of the Healthcare Research and Innovation Grant, a monetary fund that fosters research and innovation efforts among healthcare professionals in the emirate.