Warning travelers around the world of more price pain, the IATA head and Qatar Airways chief have said that the aviation sector is still battling fallout from the Covid pandemic, high oil prices and conflict fears. The higher fuel prices, according to the IATA chief, is adding to crippling losses...

Abu Dhabi, UAE-- Abu Dhabi National Energy Company (TAQA) has secured $1.09 billion in funding to refinance debt for Mirfa Power and Water Plant. TAQA said in a statement that the Mirfa International Power & Water Company (MIPCO), which owns and operates the plant, secured the dollar-denominated financing from nine...

Dubai, UAE--The Marine Agency for Wooden Dhows has facilitated the entry of more than 6,000 wooden dhows during H1, reflecting a 21 percent year-on-year growth. Since its establishment in July 2020 by Dubai’s Ports, Customs and Free Zone Corporation (PCFC), the emirate has witness a robust growth in dhow trade,...

The dividend will be paid by 14 Oct to all shareholders.

It aims to set up a fleet of 50 aircraft in the kingdom.

Nir Zicherman, Spotify's Vice President and Global Head of Audiobooks and Gated Content said it's a starting point to expand availability to other markets, and build relationships with publishing houses and expand the selection of titles.

Health remains key focus as the UAE capital leads global bid to combat the pandemic, as evidenced by its role in clinical trials for COVID-19 vaccines and therapeutic innovations.

Seeking to placate the concerns raised by rights groups, the ruler of Qatar has said that all fans will be welcomed to this year's World Cup "without discrimination". Speaking at the UN General Assembly, Sheikh Tamim bin Hamad al-Thani said that Qatar's people would be "opening our door for all."

Some of the greatest minds in the aviation industry took to the stage at this year’s Global Aviation Conference in Dubai, UAE.

Riyadh, Saudi Arabia - Saudi Arabia topped the list of oil suppliers to China for the first time in four months despite a rise in Beijing’s imports from Russia, Argaam said. Saudi’s oil exports rebounded last month to 8.475 million tons, or 1.99 million barrels per day (bpd). The Kingdom...

Daniel Kretinsky has already heavily invested in French media as owner of Elle magazine and part-owner of the daily Le Monde.

Dubai, UAE--Binance, the leading global blockchain services provider, said Tuesday it has received the Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), allowing it to offer virtual assets services. Binance was issued the provisional license in March 2022. The transition to an MVP License from a...

Putin accused the European Union of blocking 300,000 tons of Russian fertilizer from reaching the world's poorest countries. "Our offer... to transfer for free 300,000 tons of Russian fertilizer blocked in European ports because of sanctions to countries that need it is still without an answer," he said.

Oil giant Saudi Aramco's chief blasted "unrealistic" energy transition plans, calling for a "new global energy consensus", including ramped-up investments in fossil fuels to address painful shortages. Speaking at a conference in Switzerland, Amin Nasser lamented a "deep misunderstanding" of what caused the current energy crunch.

Dubai, UAE--- Dubai real estate market recorded realty deals worth AED 1.6 billion ($435 million) on Tuesday, according to Dubai Land Deparment. These included 439 sales transactions worth AED1.25 billion, in addition to 66 mortgage deals of AED240.64 million, and 72 gift deals amounting to AED175.81 million. The sales included...

Dutch firm will provide water desalination technology

UAE Minister of Industry and Advanced Technology (MoIAT) Dr. Sultan bin Ahmed Al Jaber said that hosting the International Organization for Standardization (ISO) Annual Meeting 2022 in Abu Dhabi aligns with the government's desire to benefit from global expertise.

Abu Dhabi, UAE---Mubadala Energy has discovered a good quality gas reservoir penetrated by the Cengkih-1 exploration well in Block SK320, off the coast of Sarawak province, offshore Malaysia. Preliminary analysis shows a significant gas column of more than 110 metres within the pinnacle carbonate reef reservoir. The Cengkih-1 exploration well...

The two insurance firms will have discussions on the merger.

They will promote eco-friendly alternative to personal cars.

The sports sector has contributed some $2.45 billion to the Dubai economy in 2021, representing 2.3 percent of the emirate's annual gross domestic product. According to the Dubai Sports Council 105,000 jobs will be created in the sector, which will account for 3.8 percent of total employment in Dubai.

Scholz, whose two-day trip next weekend will also take him to Qatar and the United Arab Emirates, becomes the latest Western leader to meet with the Crown Prince Mohammed bin Salman. In July, French President Emmanuel Macron held talks with the crown prince in Paris, and US President Joe Biden...

Switzerland signed a controversial contract on Monday to buy 36 US F-35 stealth fighter jets at a cost of more than six billion francs ($6.2 billion). "National Armaments Director Martin Sonderegger and the Swiss F-35A Program Manager Darko Savic signed the procurement contract on 19 September 2022 at armasuisse in...

Riyadh, Saudi Arabia---Saudi Ports Authority (Mawani) handled record tons of volume at the Kingdom's various ports from Jan-Aug this year. Against the 187 million tons during the Jan-Aug period in 2021, Mawani said Saudi ports handled more than 212 million tons this year, an increase of 13.59 percent. Statistics during...

A study by an Emirati researcher has shown that wheat growth can be accelerated and production improved using treated sewage water.

The Dubai Supreme Council of Energy had a virtual meeting in which it was revealed that Dubai had reduced carbon emissions by 21 percent in 2021.

The UAE finance ministry's Financial Restructuring Committee (FRC) recently held the second meeting of its Consultative Council.

The 15% stake in Burjeel will diversify healthcare investment.

In a diversity, equity, and inclusion (DE&I) study in the MENA accounting profession, 63 percent of women across each of the surveyed MENA regions report experiencing bias.

The Arabian Plastic will offer 1m shares at $7.19 per share.

Dubai's Roads and Transport Authority (RTA) fetched $10.12 million from the auction of distinctive vehicle number plates at Grand Hyatt Dubai Hotel.

Doha, Qatar - The United Development Company (UDC), a Qatari public shareholding company, signed a deal with The Commercial Bank (CBQ) to provide home loans for UDC properties at its flagship developments, The Pearl and Gewan Islands. Now, the UDC property buyers would be eligible to apply with Commercial Bank...

Muscat, Oman - The value of trading on the Muscat Stock Exchange increased last week to 9.6 million Omani riyals ($25m), compared to 9.1 million riyals ($23.65m) in the previous week, recording a growth of 5.5 percent. This rise came at a time when investors tended to diversify their portfolios,...

The International Organization for Standardization (ISO) Annual Meeting 2022 starts Monday at the ADNOC Business Center in UAE's Abu Dhabi.

UAE Ministry of Health and Prevention (MoHAP) has signed a memorandum of cooperation (MoC) with Mediclinic Middle East to strengthen mutual cooperation between the Ministry’s National Center for Health Research (NCHR) and the group in health and medical research.

MD & CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer met a delegation from the Unified Economic Opportunity Commission of the Utah House of Representatives, USA.

Cairo, Egypt-- Egypt plans to raise fees for ships passing through the Suez Canal by 15 percent in 2023, the Canal Authority's Chairman Osama Rabie has said. According to media reports, Rabie said transit fees for bulk and tourist ships will be raised by 10 percent and will be applicable...

The Sharjah Chamber of Commerce and Industry (SCCI) has recommended several measures to strengthen the emirate’s public-private partnerships (PPPs).

The firm won the shareholders' approval for the merger.

Qatar science and Technology Park (QSTP) has deepened its partnership with Iberdrola Innovation Middle East by signing an agreement to increase Iberdrola's research, development and innovation-based activities.

Four days after a South Korean court issued an arrest warrant for him, the founder of the failed cryptocurrency platform Terra, Do Kwon, denied he was on the run. Nothing was known about his whereabouts after the Singapore Police Force said he was not in the city-state as was previously...

The delegation, led by Governor Spencer J. Cox, included over sixty prominent Utah government officials, business executives, and community leaders, including First Lady Abby Cox.

Jebel Ali Free Zone (Jafza), facilitated over 1.2 million metric tonnes (MT) from Dubai’s total volume of around 4.8 million MT of vehicle and transport commodities which transited through the emirate in 2021.

Oman Minister of Commerce along with a delegation met Saudi Arabia Minister of Industry where the two discussed industrial cooperation between the two countries.

Two ships carrying reprocessed nuclear fuel destined for Japan set sail Saturday morning from northern France, an AFP photographer said, despite criticism from environmental campaigners.

The eighth World Green Economy Summit (WGES) will explore ways to improve global food security, sustainability of the food systems and the contribution of the agriculture and food production sectors to achieve a net zero future.

Speaker of the UAE Federal National Council (FNC) Saqr Ghobash discussed with Uruguay's Minister of Livestock, Agriculture and Fisheries Fernando Mattos Costa the prospects for joint cooperation in several fields.

The US will provide $1.45 billion per year in bilateral foreign assistance to Jordan, from 2023 to 2029.

One year after a Californian court ruled in favor of Apple, the US justice department wants to have its say on Apple's antitrust tussle with Epic Games, which is due to be heard on appeal next month. The appeals court granted the department the right to send a representative to...

Al-Khatib will support the firm’s operations in MENA.