Japanese Prime Minister Fumio Kishida Saturday pledged $30 billion over three years for Africa in a virtual address to a development conference in Tunis. The eighth Tokyo International Conference on African Development (TICAD8) takes place amid a "complex" international environment caused by the coronavirus pandemic and the war in Ukraine,...

Saudi Arabia and Malaysia discussed cooperation in food security and the promotion of the private sector to benefit from investment opportunities in both the countries. Saudi’s Minister of Environment, Water and Agriculture Eng. Abdulrahman bin Abdulmohsen Al-Fadhli met in Riyadh with Malaysia’s Minister of Agriculture and Food Industries Ronald Kiandee....

There is a risk of a radioactive leak at Ukraine's Zaporizhzhia nuclear power plant, occupied by Russian troops, the state energy operator said Saturday. Enervator said Moscow's troops had "shelled" the site of the plant in Ukraine over the past day. Kyiv and Moscow have traded accusations over shelling in...

United Nations member states ended two weeks of negotiations without a treaty to protect biodiversity in the high seas, an agreement that would have addressed growing environmental and economic challenges. After 15 years negotiators on Friday have yet to reach a legally binding text to address the multitude of issues...

Saudi ports have witnessed a growth in car imports during the first quarter of 2022, amid an increase in cargo throughput tonnage, official statistics showed in April.

Its CEO said the center will store imported edible oil.

Moderna has accused Pfizer and BioNTech of copying its technology to make Comirnaty , alleging that the partners infringed on its patents in developing their Covid-19 shot. The lawsuits set up a high-stakes showdown between the makers of Covid vaccine, a key tool in the fight against the infection.

Dubai General Index (DFMGI) advanced 0.007 percent to 3,462.890 pts as blue-chip developer Emaar properties continued to hike, closing higher at AED6.100 after drawing $42.47 million in cash flows

Stock slumped on Friday after Federal Reserve boss Jerome Powell pledged to act "forcefully" against soaring inflation in a battle that will be painful for Americans. The Fed has been on a campaign to raise interest rates and Powell said at Jackson Hole that the fight against inflation is not...

Dubai Electricity and Water Authority (DEWA) has organized a virtual seminar with 90 leading Turkish companies in the energy and water sectors.

German ministers vowed to reexamine a planned gas surcharge imposed on consumers after it emerged that some energy companies seeking a share of the levy were in fact posting billion-euro earnings.

The Korea Hydro & Nuclear Power Co. won a contract with Russia’s state-owned Rosatom in the project. The state-owned Korean company, which was selected as the sole bidder in December 2021, will construct the main and auxiliary buildings and structures of the turbine islands for the units between 2023 and...

Turkey's finance minister told businesses on Friday they should not be concerned by the threat of sanctions that Washington warns will follow if they do business with sanctioned Russians. Nureddin Nebati's Twitter comments represent Ankara's first official response to a letter the US Treasury sent to Turkish businesses on Monday.

During the COVID-19 crisis, the bank set a maximum limit of cash deposits as part of measures to face its global economic impact.

To avoid threats to market share and profitability, manufacturers must stay alert and on top of the ever-evolving trends. You need to adopt modern, data-driven processes and turn to technology to help you introduce new products. It may be easier than your think—if you start in the right place, he...

The Saudi Arabian Mining Company, Maaden, Thursday signed four memoranda of understanding with Indian fertilizer companies to supply phosphate and ammonia products, and to discuss ways to enhance joint cooperation in various fields of growth, technical development of specialized products, agricultural engineering and logistical solutions. These agreements aim to contribute...

The move comes as Qatar, which has a population of 2.8 million, tries to accommodate an expected 1.2 million visitors during the November 20-December 18 World Cup, and as Saudi Arabia ramps up efforts to attract tourists.

Customs clearance assistance is part of the agreement.

The Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) held its first meeting under the chairmanship of Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development (ADDED) and Chairman Securities and Commodities Authority (SCA).

Dubai real estate market recorded a total of 7,092 transactions in July 2022, which is its best performance in the past decade, said Mo’asher, the emirate’s official Sales Price and Rental Performance index. Mo’asher said the figure demonstrates a significant increase in the overall performance of the sales transaction volume...

The Saudi food company's revenue shot up to $21.33m.

Kingdom Holding Co. posted $1.7 billion profit in H1.

The banking group is supporting efforts to combat global wildlife trafficking by joining the United for Wildlife financial task force.

The department's report highlighted the fact that professional licenses accounted for 49 percent of total numbering 8,986, followed by commercial licenses, which accounted for 48 percent at 8,8829, then by industrial licenses.

The 30-month UAE government contract is worth $83.31m.

The EBITDA rose 18 percent from $435 million a year ago.

It's the latest example of creators lending their online stage to a cause on the massively growing platform more known for dance crazes and catchy songs. An advocacy group calling itself Gen-Z for Change said it coordinated the pledge from more than 70 popular TikTok talents to stand in solidarity...

Dubai real estate market recorded deals worth AED1.4 billion ($381 million) on Tuesday, including 387 sales transactions worth AED1.15 billion. The transactions also included 68 mortgage deals of AED149.38 million, and 85 gift deals amounting to AED140.85 million, data released by Dubai's Land Department (DLD) showed. The sales included 336...

With the new legal framework, the Ministry of Tourism will have greater control of the quality of tourism services offered within the kingdom.

The Saudi travel group saw its loss fall to $35m in H1.

Largest Saudi retailer posts a 31% dip in H1 profit to $28.80m.

The ‘City of Fog’ in Saudi Arabia’s rugged south is a prized destination for many in the kingdom looking to escape the sweltering summer heat of up to 50 degree Celsius.

The developer's profit rose to $4.3m, after last year's loss.

FAB gained AED173.7 million in liquidity, closing at AED19.740, while ALPHADABI drew AED102.9 million, ending at AED24.040.

Sharjah has banned single-use plastic bags and materials in the Emirate of Sharjah as of 1st January 2024. It follows Sharjah’s efforts of making an environment-friendly emirate and its supportive plans of conservation, said reports. The ban was decided during a meeting of the Sharjah Executive Council (SEC) Tuesday morning...

The government is committed to expanding the management consulting services sector's participation in enhancing industrial production processes and facilitating access to global markets, said Youssef Shamali, Jordan's Minister of Industry, Trade and Supply.

Twitter misled users and federal regulators about glaring weaknesses in its ability to protect personal data, the platform's former security chief claimed in whistleblower testimony likely to impact the company's bitter legal battle over Elon Musk's takeover bid. In a complaint filed with the US Securities and Exchange Commission and...

Aldar Properties said Tuesday that it has recirculated AED8.8 billion ($2.39 billion) to the local economy through In-Country Value (ICV) program, a UAE government program headed by the Ministry of Industry and Advanced Technology. The ICV aims to boost economic performance and support local industries by redirecting higher portions of...

Sharjah Real Estate Registration Department (SRERD) has revealed that total transactions carried out in July 2022 amounted to 2,417 transactions across 71 different areas distributed over the Emirate of Sharjah.

Dubai recorded real estate transactions worth AED1.7 billion ($472 million) on Monday, which included 562 sales transactions worth AED1.42 billion. The transactions included 75 mortgage deals of AED271.02 million, and 42 gift deals amounting to AED94.62 million, data released by Dubai's Land Department (DLD) showed. The sales included 520 villas...

Cast metal sales rose 11% compared to H1 2021.

Dubai Electricity and Water Authority (DEWA) has announced breaking its own world record in major inspection outage duration for the overhaul of gas turbines and desalination units, recorded in 2019.

The Central Bank of Kuwait (CBK) has issued bonds and related Tawarruq worth Kuwaiti Dinar 240 million ($792 million) payable in three months. The bank said in a statement, carried by state news agency KUNA, that the new securities have a return rate of 2.625 percent. Tawarruq is a financing...

ESG is a subsidiary of International Holding Company.

The company, known for its political activism, took the unusual step seeking an injunction after London-based Unilever announced it had sold its interest in the ice cream to an Israeli license-holder. However, a US federal judge ruled Monday the ice cream company had "failed to demonstrate" that the move to...

Dr. Nayef Al Hajraf, Secretary-General of the GCC, voiced hope that the talks would lead to an ambitious Free Trade Agreement (FTA) and open new horizons for joint investment.

Prince Abdulaziz bin Salman said in an interview with Bloomberg that OPEC+ has the commitment, the flexibility, and the means within the existing mechanisms to deal with such challenges, including cutting production at any time. He said that the volatility and thin liquidity send erroneous signals to markets at times...

Market experts predict a hard summer for the GCC retail industry as rising costs keep shoppers away from malls and stores amid soaring inflation and high cost of fuel.

The news of the loss of $6.4m in H1 led to a slide in firm's stock.

World stocks sank Monday and the dollar rallied on concern the Federal Reserve will stick to its interest rate-hiking plans to combat inflation. Eurozone equities tanked as spiking natural gas prices sparked fears that winter energy shortages could cause recession, which helped push the euro down to a 20-year low...