The firm's revenue increased 13 percent to US$1.27 billion

More than 40,000 users, including in New York City and Denver, Colorado, reported disruptions when trying to use Google's services, particularly the maps and search engine. After around two hours, reports of the outage began tapering, but a small number of users continued to report trouble accessing Google's cloud and...

The Saudi firm's net profit was fueled by higher sales volume.

The firm will sell its full range of products and spare parts.

Canada Cartage provides national fleet solutions.

The Sharjah Charity International has provided $3 million assistance in the first half of this year.

Net sentiment for traditional banks is higher than those for challenger banks as the former have a long history in the market and have proved to be trustworthy and reliable.

Qatar Chamber would issue a guide to economic and commercial activities in Qatar 2022, aiming to promote its economy and enhance investment in Qatar. The release of guide coincides with Qatar’s hosting of FIFA World Cup 2022, in which hundreds of thousands of visitors are likely to arrive. Qatar Chamber...

The plant, which supplies industry giants such as Hershey but not to consumers directly, was shut down after salmonella bacteria was found in one lot.

The Ministry of Foreign Affairs and International Corporation (MoFAIC) and Etihad Credit Insurance (ECI), the UAE's federal export credit company, have signed a Memorandum of Understanding (MoU) to promote global trade and investment.

Buyer-seller meets in the UAE on agricultural and food products with registered geographical indication (GI) tags, a week-long mango festival in Bahrain, and an international buyer-seller meet in Ladakh attended by buyers from Dubai and Oman helped boost India's export of these items by 31 percent in April to June...

The Ministry of Economy (MoE) and the Ministry of Justice (MoJ), in partnership with the UAE Financial Intelligence Unit (FIU), have announced new regulations aimed at certain real estate transactions conducted in the UAE.

Senate Finance and Economic Committee has approved a slew of amendments to the Jordanian General Sales Tax Law 2021, referred to them by the Lower House. The amendments are designed to reduce tax evasion in the kingdom.

The company’s year-on-year net profit jumped to $1.5 billion.

The company recorded an EBITDA of US$0.54 billion.

Jordan has posted a twenty percent rise in real estate trade to $4.41 billion during the first seven months of 2022.

A cabinet meeting in Jordan discussed ways of implementing the "roadmap" in accordance with the time frame set by the government.

The company's net profit rose to $164 million in H1 of 2022.

The agreement between the two will see them both offering services to help set up new businesses in creative economy and support their long-term growth.

Dubai Chamber of Digital Economy, one of three chambers operating under the umbrella of Dubai Chambers, has announced the formation of the Dubai Digital Assets Business Group (D2A2), which aims to strengthen the digital asset industry’s role in the economic development of the UAE and the wider Middle East region,...

Dubai attracted 7.12 million international overnight visitors between January and June 2022, recording over 183 growth compared to the 2.52 million tourists who visited during the same period in 2021.

Qatar Central Bank’s (QCB) foreign currency reserves and liquidity increased 2.79 percent to reach QR 211.32 billion ($58bn) in July 2022. The same figures were recorded at QR 205.57 billion ($56.5bn) in July 2021. QCB on Sunday showed its official reserves, comparatively last year, increased QR 4.78 billion till July...

Online bill payments through National Electronic Payment System in Jordan surged 27 percent in 2021 to JD 9.5 billion ($13.4bn). It involved 34 million transactions, with 51 percent increase year-on-year, said Governor of Central Bank of Jordan (CBJ) Adel Sharkas. He noted mobile phone payments soared 107 percent in volume...

Syria's internal commerce ministry has announced a petrol price hike of around 130 percent in the war-torn country facing fuel shortages and extended power cuts.

The Ukraine conflict has triggered the biggest immigration of high-net-worth Russians, many of whom are likely to move to the Emirates.

The hospital operator's profit jumps to $210m in H1 of 2022

Saudi authorities have signed agreements with big retail stores in the kingdom to promote the ‘Made in Saudi Arabia’ program, which has resulted in some retail stores fill 70 percent of their stocks with locally manufactured products. Under the agreements, signed by Saudi Exports Development Authority, large stores allocate platforms...

Forward-leaning financial institutions are ready to seize strategic opportunities to secure their stake in the future of Web 3.0. Right strategies will help traditional banks in giving an edge to their competitors in the cyberspace.

US drugmaker is in talks to buy Global Blood Therapeutics.

Qatar has seen a nineteen percent increase in tourist arrivals with 729,000 visitors coming to the country in the first half of 2022. Qatar Tourism said that in June alone some 149,000 visitors arrived, marking the highest visitation in the summer month in the last 5 years. The month of...

The Dubai-based firm posted net profit of $77,603 in Q2.

The performance of the Gulf stock exchanges varied this week, affected by several factors and events, most notably the tension that rose between the US and China.

Dubai Chambers has announced a leadership change, with Hamad Buamim, President and CEO, moving on after 16 years of service. Hassan Al Hashemi, Vice President, International Relations – Dubai Chambers, has been appointed to the role of President and CEO in an acting capacity.

President Recep Tayyip Erdogan has confirmed that Turkey will start paying for some of its Russian natural gas imports in rubles. Avoiding paying for the gas in dollars helps Turkey protect its dwindling hard currency reserves.

Several regions across the UAE are witnessing the implementation of the designs of some of the teams that participated in the first and second Solar Decathlon Middle East (SDME) to construct sustainable research centers and laboratories.

Food prices dropped significantly in July, marking the fourth consecutive monthly decline since record highs earlier this year in the wake of the situation in Ukraine, the Food and Agricultural Organization said. FAO published its latest Food Price Index, which tracks monthly changes in global prices of cereals, vegetable oils,...

The move aims to explore new investment opportunities and areas for cooperation in the best interest of the two countries.

As a first step, the two companies intend to develop solar photovoltaic (PV) and onshore wind projects with a capacity of about 600MW.

Saudi Arabia's Public Investment Company (PIF) has established a new company in Egypt to drive investment in the north African country. The company will look to take advantage of economic growth in the region within sectors seen as 'promising.'

The court battle between Elon Musk and Twitter heats up as the billionaire Tesla boss accuses it of fraud, alleging the social media platform misled him about key aspects of its business before he agreed to a $44 billion buyout. The entrepreneur said he has been deceived by the company.

Jordan Senate's Finance and Economic Committee hosted an expert in economic affairs at the National Democratic Institute (NDI), to look into the draft law regulating the investment environment.

According to a report by the UAE's Ministry of Economy, during the past decade from 2012 to 2021, FDIs in the country increased by 116 percent, amounting to $20.667 billion in 2021 compared to $9.566 billion in 2012.

In Dubai, the real estate and properties transactions valued at $1.4 billion in total during the week ending 05 August 2022. The sum of transactions was 2,247.

Iraq's Ministry of Water Resources said Ankara's intends to increase the quantum of water to be released to the Tigris River, adding that a Turkish delegation will visit Iraq to look into the water reserves and construction of dams.

Saudi Arabia’s Ministry of Investment has signed a memorandum of understanding with Alstom, which specializes in the sustainable and smart transportation sector, to explore investment opportunities in the transport sector and localize the manufacture and maintenance of trains. The MoU also entails Alstom to establish its regional headquarters in the...

Global air cargo demand rose by 2.2 percent in H1 2022 as compared to pre-COVID levels (H1 2019), according to data released by the International Air Transport Association (IATA). IATA figures indicate a healthy and stable performance across global air cargo markets showing. Global demand sunk by 6.4 percent compared...

The travel services provider’s latest contract win cements its position as the leading ground services provider in Brazil.

Group net profit attributable to shareholders rose to $32m.

The company will hire eight jack-up offshore rigs.

It returned to profit in Q2 after posting a loss in first quarter