Dubai, UAE: Union of Arab Banks (UAB), the apex body of the $4 trillion banking industry in the Arab World, has appointed Dubai-based CS Events, an events management company in the Middle East, as its Exclusive Strategic Partner to co-create, market and deliver its activities in the UAE and Saudi...

South Korea wants to strengthen its relations with the Middle East with a focus on high-tech industries, according to Seoul’s top diplomat.

India has signed a Memorandum of Understanding (MoU) with the Gulf Cooperation Council (GCC) Secretariat on the "mechanism of consultations" between the two sides.

Dubai, UAE---A total of 2,317 real estate transactions worth AED8.9 billion ($2.49 billion) were conducted during the week ending 16 September 2022, according to figures released by the Dubai Land Department. A total of 227 plots were sold for AED4.35 billion, and 1,560 apartments and villas were purchased for AED3.44...

Stock markets mostly slumped Friday, while the British pound tanked to a 37-year dollar low as weak UK retail sales stoked global recession fears. Sterling slid to $1.1351, the lowest level since 1985, on news that British retail sales tumbled by far more than forecast in August as shoppers faced...

UAE Ministry of Finance (MoF) participated in G20 Finance Track’s fourth and last Infrastructure Working Group (IWG) meeting for 2022 on September 15 and 16.

The subscription period for the IPO remains unchanged.

Berlin took control of the German operations of Russian oil firm Rosneft to secure energy supplies which have been disrupted after Moscow invaded Ukraine. Rosneft's German subsidiaries, which account for about 12 percent of oil refining capacity in the country, were placed under trusteeship of the Federal Network Agency, the...

Dubai, UAE---Dubai Electricity and Water Authority (DEWA) recorded a growth in the number of smart water meters by 73.6 percent between 2018 and 2022, from 566,214 metres to 983,185. DEWA has a secure and automated infrastructure to manage metre data. Automating metre readings helps customers receive instant information on their...

The company will establish its Indian headquarters in Kerala state.

The dividend is in line with its bi-annual dividend policy.

Energy-guzzling Data centers or bit barns across Europe are facing the heat because of energy shortage sparked by the Ukraine-Russia conflict. Activists have also raised concerns about the "lack of transparency about what is actually being stored in these data centers".

The energy giant's H1 net profit rose to $7.2 billion.

The court dismisses appeal over $270m import tax bill.

Leading cryptocurrency figures hailed on Thursday the completion of one of the biggest software upgrades the sector has ever attempted, an overhaul of the Ethereum blockchain aimed at reducing its massive energy consumption. Developers had spent years working on an energy-efficient version of Ethereum, a digital ledger that underpins tens...

Expo Centre Sharjah has said that it will host the International Jewelry Designers Forum on October 7.

First aired in 2016, it charts the queen's journey from nervous 25-year-old neophyte to national institution as she guided the world's most famous monarchy through decades of scandals and upheaval.

Saudi Arabia is looking to enhance wheat storage capacity in the kingdom by building new silos. Once it is done the capacity will go up to 120,000 tons.

The $2bn worth Saudi steel giant will list on Tadawul.

The 50-minute event culminated with the arrival of three sleek new sedans in different trims and, later, a fourth option, a racing vehicle called "Dark Horse" that was introduced dramatically by Ed Krenz, Ford's chief functional engineer for performance. "Its name is indicative of its design and its aspirations," Krenz...

The free zone is home to 703 Chinese businesses, representing nearly 12 percent of the Chinese companies in the UAE.

A once market leader that everyone looked up to, OSN is now a paler version of its former glory. It is struggling to keep up with the competition from Netflix, Shahid, and Disney Plus.

Toxicity and false claims are a "significant threat" at TikTok, which is becoming a go-to online venue for young people to search for information, according to a study by NewsGuard, a media watchdog. NewsGuard describes itself as a "journalism and technology tool" that rates the credibility of websites and online...

The General Court, however, reduced the fine to $4.1bn.

The German government sold its last shares in the company.

Riyadh, Saudi Arabia - Saudi Arabia plans to establish more than 200 smart cities, Majed Al Hogail, Minister of Municipal, Rural Affairs and Housing, said. He was speaking at the second edition of the Global Artificial Intelligence (AI) Summit in Riyadh. The cities will use AI systems in numerous fields,...

Dubai, UAE-- Jebel Ali Free Zone (Jafza), part of DP World Group, has facilitated over 1.2 million metric tons (MT) from Dubai’s total volume of around 4.8 million MT of vehicle and transport commodities transited through the emirate in 2021. This is equivalent to $12.4 billion, more than a third...

The majority stake in the two companies was valued at $140m.

ADNOC Refining's Waste Heat Recovery (WHR) project is designed to capture exhaust heat from the gas-powered turbines at ADNOC Refining's General Utilities Plant.

The decision by the Luxembourg-based General Court could undo or demand modifications to the landmark decision, taken by the European Commission in 2018, which remains the EU's biggest-ever antitrust fine.

In the past few years, the EU has slapped eye-watering fines on Apple and Google in tax and competition cases, and drawn up a landmark law to curb the market dominance of Big Tech. Brussels has also toughened its code of conduct on disinformation and hate speech.

The digital bank is co-owned by ADQ, Etisalat, and others.

PIF will pick up $1bn stake in Seera Group's travel unit.

TAQA is a diversified utilities and energy group headquartered in Abu Dhabi, and listed on the Abu Dhabi Securities Exchange.

Nearly 99 percent of the votes cast by stock owners endorsed the agreement with Musk to sell him the tech firm for $54.20 per share, Twitter said in a release.Twitter added that it was ready to consummate the merger agreement immediately, and no later than September 15 as per a...

By the end of 2022, the UAE is expected to attract more than 4,000 high-net-worth individuals, mostly from India, Russia, Turkey, Egypt, Lebanon, the UK, Saudi and Nigeria.

BERLIN, GERMANY - German investor confidence fell in September for a third straight month, a closely watched survey showed on Tuesday, fueling fears of a looming recession in Europe's biggest economy. The ZEW institute's economic expectations index dropped 6.6 points from the previous month to minus 61.9 points, as soaring...

India, the incoming President of the Group of Twenty (G-20) announced that it will invite the UAE as one of the "guest countries" to the G-20 summit in New Delhi on September 9-10 next year.

A UAE economic delegation led by Minister of State Ahmed Ali Al Sayegh visited Tbilisi, Georgia.

UAE's Telecommunications and Digital Government Regulatory Authority (TDRA) has announced that it has become a member of the European Foundation for Quality Management (EFQM).

The previous cap on foreign ownership was 49 percent.

Dubai is looking to raise $817 million in the initial public offering of Salik. It is selling 1.5 billion shares at 2 dirhams ($0.54) apiece, giving the company an implied market capitalization of $4.1 billion. The IPO subscription will run until 20th September 2022 for the UAE retail offering.

Well-wishers descended on London's vibrant Columbia Road flower market to snap up colorful bouquets after Britain's longest-serving monarch died last Thursday.

The fourth auction, which witnessed the first issuance of five-year T-Bonds saw a strong demand through the six primary bank dealers, with bids received worth AED 8.60b, and an oversubscription by 5.7x.

Stock markets rallied Monday, building on pre-weekend momentum as investors priced in the expectation of further interest rate hikes aimed at taming decades-high inflation. The euro surged, a day after German central bank chief Joachim Nagel signaled that the European Central Bank (ECB) would probably continue raising its key rate.

Norway, which has replaced Russia as Europe's leading supplier of natural gas, dashed the hopes of EU member states who wanted a cap on gas prices. After his phone call with European Commission President Ursula von der Leyen, Norway's Prime Minister Jonas Gahr Store said he was "skeptical" about a...

Abu Dhabi, UAE-- The registration of 136 new industrial licenses in the first half of 2022 points to a strong growth of Abu Dhabi's industrial sector, according to the Industrial Development Bureau (IBD), which is part of the Abu Dhabi Department of Economic Development (ADDED). The number of  licenses transitioning to...

The UAE Cabinet, headed by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved an updated version of the UAE’s second Nationally Determined Contribution (NDC) under the Paris Agreement.

The UN urged EU countries on Monday to continue battling climate change and not resort to more fossil fuels in their response to soaring energy prices and fears of winter shortages. Russia has reduced supplies of gas to Europe since its invasion of Ukraine, sending prices for the fuel soaring.

Abu Dhabi, UAE--Costa Rica's foreign minister Arnoldo Andre has said that the trade between his country and the UAE has increased by 292.3 percent since the opening of the Costa Rican embassy in the Emirates in 2017. For the year 2021, the total trade between both countries reached $49.1 million...