The bank took this step to promote the Regulatory Sandbox's involvement in the Financial Sector Development Program (FSDP), one of the key objectives of the Saudi Vision 2030.

ACC won the $115m contract to build a hotel in Madinah.

The company overcomes the global economic headwinds.

Opponents say the horses live in cramped conditions, are often malnourished and dehydrated, get spooked by cars en route to the park.

According to website Vessel Finder, the 250-meter-long, Singaporean-flagged tanker is headed for the Saudi port of Yanbu.

The internet giant made the statement after the Trump camp argued that it didn't know why its social network app had yet to be approved for the Google Play Store, which offers content for Android-powered smartphones. A Google spokesperson said the company notified Truth Social on August 19 that its...

Microsoft will set up a new cloud data center in Qatar, creating 36,000 jobs and adding more than $18 billion to the economy over the next five years. As one of the tech company’s biggest international projects, it will boost Qatar’s efforts to move away from reliance on its oil...

Banks in the UAE held a 22.4 percent market share of the assets in the Arab banking sector, followed by Saudi banks with a 21.7 percent market share.

This is the company's biggest UAE order for school buses.

The awards cover ADNOC’s onshore and offshore fields and will run for five years with an option for a further two years.

Part of the cash is included in a huge two-trillion budget for the development and production of auto batteries that was announced by the Japanese giant in December, a spokesman told AFP. Automakers are speeding up the transition to electric as pressure grows from governments to move away from cars...

It is hard to imagine what the great director would have made of Amazon's $1 billion gamble on "The Lord of the Rings: The Rings of Power," a 50-hour television series based on the dry historical footnotes published at the end of book three. The show, out Friday globally on...

Its collaboration with Malaysia will be in key sectors.

The Sharjah Chamber of Commerce and Industry (SCCI) has announced it will be organizing "Al Maleh and Fishing" Festival in cooperation with the Dibba Al Hisn Municipality and Municipal Council.

Abu Dhabi, UAE - Amazon Web Services (AWS) announced Tuesday the launch of its second Region in the Middle East, the AWS Middle East (UAE) Region. AWS estimates that its projected spending on the construction and operation of the new Region will support an average of nearly 6,000 full-time jobs...

The facility will be available for the holders of the "Hayya" card issued by FIFA World Cup Qatar 2022, which is reserved for ticket holders and used to access Qatar during the tournament being held from November 20 to December 18.

Dubai Multi Commodities Centre (DMCC), the Government of Dubai Authority on commodities trade and enterprise, has announced that 15 companies have been selected to participate in the DMCC Impact Scale-Up Program.

Dubai, UAE - The Museum of the Future has been connecting with people globally through its online store, offering memorabilia inspired by the museum’s design and exhibits, the Museum said in a statement. It comprises six unique collections and represents a window for visitors to recall their experience in the...

Unstable political conditions in several Arab countries make them high- or extreme-risk places for businesses.

European leaders want to break the link between soaring gas prices and electricity bills, a wholesale reform of the EU energy market made urgent by Russia's invasion of Ukraine. This continent-wide shake up of 27 EU economies with different energy needs and sources will be a long and politically-fraught process.

Dubai Electricity and Water Authority (DEWA) has been ranked the third most valuable utility brand in the Middle East and the third fastest growing brand in the UAE according to the annual report issued by 'Brand Finance'.

The self-made billionaire has seen his net worth more than double to $137.4 billion in the last year, rising 20 spots on the index to now rank just behind Elon Musk and Jeff Bezos, Bloomberg News reported. Adani, 60, made his fortune in ports and commodities trading and now operates...

It bought 51% stake in Innovative Care for $57 million.

According to court documents made public on Monday, Musk's attorneys served Zatko with a subpoena Saturday demanding he share any documents or messages regarding the impact of spam and false accounts on Twitter's activity, dating back to January 2019.

The Saudi pharma firm intends to use the capital for growth.

Egypt has posted a record in pumping out 2.7 billion cubic meters of gas per day at Zohr gas field during the 2021-2022 financial year.

The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.

Dubai, UAE: State Grid Corporation of China (SGCC), the largest utility company in the world, has expanded its presence in the region by setting up an office in Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. This is...

Massive hike in the gas prices hits firm's profitability.

The Ministry of Climate Change and Environment (MoCCAE) Monday launched the UAE Climate-Responsible Companies Pledge. The pledge aims to increase the engagement of the private sector in the country’s decarbonization drive, in line with the UAE Net Zero 2050 Strategic Initiative.

Abu Dhabi, UAE - Abu Dhabi Residents Office (ADRO) and Abu Dhabi Global Market (ADGM) have signed a deal to ensure a provision for multiple digital services related to visas via ADGM’s web portal ACCESSADGM. This includes support of nominations for Abu Dhabi Golden Visa, and the exploration of new...

Riyadh, Saudi Arabia: Riyadh will host the second edition of the Global Artificial Intelligence Summit from 13 to 15 September, the largest international AI event, with the participation of global policymakers and heads of technology, communications, and investment companies. The Summit, themed “Artificial Intelligence for the Good of Humanity,” is...

The Central Bank of the UAE (CBUAE) has announced the launch of a new corporate website with various interactive digital services in promoting financial stability and meeting the aspirations of the consumers.

Riyadh, Saudi Arabia: The number of small and medium enterprises (SMEs) in Saudi Arabia increased by 25.6 percent to 892,063 in the second quarter of 2022, compared to the fourth quarter of 2021, the General Authority for Small and Medium Enterprises (Monsha'at) has said. The Riyadh region accounted for 35.4...

Firms say construction of US plant to begin next year.

The Saudi health provider's revenue slumped to $58.54m.

Sharjah acquired 67 percent of the new projects, while eastern region got 21 percent and the central region 12 percent

Owing to its energy saving measures in recent weeks coupled with huge purchases of gas from suppliers other than Russia, Germany has replenished its gas stocks more quickly than expected. This, after Russia drastically reduced gas supply in the wake of the outbreak of war in Ukraine.

Some $9.42 billion have been invested in the financial markets by Emirati women during the last eight months of the current year, according to figures shared by the Abu Dhabi Securities Exchange (ADX).

Changing tastes and increased competition from Asia have forced some in the trade to redesign and resize a tradition dating back more than 2,000 years. "A revolution is underway," said Ahad Azimzadeh, 65, who calls himself "the biggest exporter of Persian carpets in the world".

The profit in the same period last year was $159m

Dubai tourism recovered fast after the easing of Covid-19 restrictions, registering a 203 percent increase in the number of visitors in the first four months of 2022.

An economic crisis spurred by the Ukraine war is casting darkness upon Egypt's streets, as the government dims lights to free up energy for export and bolster hard currency reserves.

International delegates are meeting in Riyadh from August 28-31 to discuss the future of global digital communications ahead of International Telecommunications Union’s 2022 Plenipotentiary Conference in Bucharest Romania from 26 September-14 October. Hosted by Saudi Arabia’s digital regulator, the Communications & Information Technology Commission (CITC), the Preparatory Meeting will help...

Saudi Arabia harbors more than 33 million palm trees planted in more than 123,000 agricultural properties in 13 administrative regions,

It cut down the loss to $18m from $35.39m posted last year.

With temperatures soaring above 45 degrees Celsius, dogs have found a unique way to beat the heat of the UAE: a three-times-a-week workout in an air-conditioned gym.

Facebook, since the Cambridge Analytica scandal broke, has removed access to its data from thousands of apps suspected of abusing it, restricted the amount of information available to developers, and made it easier for users to calibrate restrictions on personal data sharing.

After a nervous start to the week, the big stocks of the GCC, Al-Rajhi Bank, Retal Urban Development Company, and Emaar, boost the Saudi and the UAE markets, posting gains all around.

French President Emmanuel Macron and his Algerian counterpart Abdelmadjid Tebboune Saturday declared a "new, irreversible dynamic of progress" in their nations' ties, concluding a visit by Macron aimed at ending months of tensions. The three-day visit comes less than two months after Algeria marked six decades of independence following 132...