The bank's profits have been hit by Turkey's soaring inflation.

The company posted H1 income of $26.33m.

An Ethiopian delegation of 10 members, comprising decision-makers from the public and private sector, visited Dubai Chambers between July 25- 30.

Its profit increased 186 percent in first six months of 2022

The UAE’s citizens' housing segment in 2022 achieved significant regulatory progress and received massive financial allocation for federal, local plans and projects amounting to $6.88 billion.

Saudi oil giant Aramco and SABIC Agro-Nutrients Company have obtained the world's first independent certifications recognizing the production of blue hydrogen and blue ammonia. TUV Rheinland, a system testing, inspection and certification services provider based in Germany, awarded these certifications to SABIC Agri-Nutrients Company in Jubail, for its production of...

The new hire will get an annual salary of $78,000. Since the Chief Candy Officer is required to taste thousands of candies, the job comes with an 'extensive dental plan'

Dubai recorded realty transactions worth AED888 million ($241 million) on Wednesday. The real estate market in the emirate recorded 310 sales transactions worth AED668.1 million, in addition to 86 mortgage deals of AED163.78 million, and 18 gift deals amounting to AED56.24 million, data released by Dubai's Land Department (DLD) showed....

Revenue for the first half of 2022 increased 16%.

In 2020 a government bailout saved airline from bankruptcy.

This latest collaboration builds on existing joint ventures between the two companies.

Saudi Arabia will see a boom in construction of hotels in 2023, with some 63,753 to be available for guests next year.

European aircraft maker Airbus has cancelled its contract to deliver 19 A350 planes to Qatar Airways, a source close to the matter said Wednesday, amid a feud between the two aviation giants. Airbus had already cancelled a multi-billion-dollar order of 50 planes from Qatar Airways, a major customer, earlier in...

The French government warned Wednesday that companies might have to reduce energy use this winter even with the country's natural gas reserves at full capacity, as Russia continues to reduce its gas exports to Europe. "The main players, government agencies and businesses, must reduce their consumption" of gas as well...

After cutting production in 2020 in response to falling prices during the Covid pandemic, OPEC+ began to modestly raise it last year and has renewed the policy every month.

UAE’s publishing sector has grown by 150 percent during the current decade and it will reach $650 million in 2030, according to a report by Pricewaterhouse Cooper, which estimates that global media and entertainment services sector will reach $2.4 trillion next year. The report said the UAE accounts for 25...

The freighters will upgrade Etihad's freight capacity.

More than 45 types of dates have been placed at the auction grounds at the Buraidah Dates Festival, which began on Sunday in Buraidah, the city of dates. The auction yards also witnessed the arrival of more than 3000 thousand cars and 950 tons of dates within three days, and...

The Department of Economic Development in Ajman (Ajman DED) has said the number of new economic licenses grew by 16 percent, from 2,271 licenses in the first half of 2021 to 2,637 licenses in H1 2022. According to the H1 2022 business movement report, the number of new professional licenses...

The company logged a net income of $379 million.

The Saudi Telecom Co. will pay $532m in quarterly dividend.

BMW said economic conditions would "remain difficult" in the second half of the year, with the war in Ukraine also disrupting supply and weighing on the industry.

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.

Canal Authority Chairman Osama Rabea said that the Canal reached its highest monthly transit rate of 2,103 ships, as well as monthly net tonnage of 125.1 million tonnes.

UAE Ministry of Climate Change and Environment and Emirates Development Bank sign a Memorandum of Understanding to finance agricultural SMEs to contribute to the country's sustainable economic development and food security.

The 7th edition of Liwa Ajman Dates and Honey Festival begins Friday at the Emirates Hospitality Centre in Ajman. Showcasing the finest dates produced in the UAE, the festival displays the best types of dates. Organized by Ajman Department of Tourism Development, the festival targets more than 400 participants. It...

The UAE continues to maintain its regional and international leadership as a distinguished travel destination and a preferred country for living and working.

Abu Dhabi Ports and Hutchison Ports have signed an MoU to identify joint investment and business opportunities related to feedering, logistics, and port activities across the GCC, Africa and Asia. The two organizations will also form a partnership to operate within Tanzania, where they will work closely together to explore...

Uber revenue more than doubled to $8.1 billion in Q2. Uber reported better-than-expected revenue in Q2, fueled by strong demand for the San Francisco-based firm's ride-hailing and food delivery services.

During the meeting, the minister emphasized the UAE's commitment to solidifying its economic and trade partnership with Mongolia to support both countries' developmental agendas as well as their sustainable economic growth.

Krush Brands, a food technology and multi-kitchen food service company, became the first business to join the UAE’s NextGen FDI initiative, the country’s Ministry of Economy announced on Tuesday. The announcement comes three weeks after the launch of the global initiative in collaboration with seven strategic partners and representatives of...

The profit surged by 471% compared to Q1 2021

British oil giant BP returned to profit in the second quarter on the back of soaring energy prices, following a big loss due to its exit from Russia over the war in Ukraine, company results showed Tuesday.

The EBITDA grew 155 percent to $770 million in Q2 2022

The Saudi oil giant acquired the company for $2.65bn.

The Income Share Class B fund will be listed on ADX.

Qatar announced Monday that the club champions of Saudi Arabia and Egypt will inaugurate the Lusail stadium to be used for the World Cup final on September 9.

The emirate was ranked 31st in the world on the Global Real Estate Transparency Index 2022, which is based on a global survey.

The company is all set to resume 787 jet production.

According to the data from TradingPlatforms.com, the total volume of Non-Fungible Tokens (NFTs) exchanged recently surpassed 20 million ether (ETH) - a cryptocurrency - in Q2 2022. That volume translates to a total value of US$65 billion.

Brokerage companies in Dubai Financial Market added 20,552 new investor accounts in the first seven months of 2022. The market witnessed significant momentum since the announcement of the listing of 10 governmental and semi-governmental companies.

The 13 core members of OPEC find themselves at a crossroads. After the drastic output cuts they agreed to in the spring of 2020 in reaction to the plunge in demand caused by the coronavirus pandemic, the member states of the alliance are once again producing at pre-virus levels --...

Saudi Central Bank has approved the merger of SABB Takaful with the rival insurer Walaa Insurance, following an agreement between the two groups in February.

The Next World Forum, an esports and gaming forum that will bring together sector leaders and experts from around the world, will be held in Riyadh from 7 to 8 September 2022. The forum will be held at the Four Seasons Hotel in Riyadh, where the global gaming and esports...

The first shipment of Ukrainian grain left the port of Odessa on Monday morning, Turkey announced, as Kyiv said the "brutal" shelling by Moscow of the southern city Mykolaiv had killed an agriculture tycoon.

The city, with a rich history of trading with the world through sea, looks to emerge as one of the top maritime cities of the world with a new bout of investments in infrastructure.

The initiative is part of the Service Excellence Programme, which builds on Qatar Tourism’s strategy, to enhance the visitor experience at every touchpoint along their journey.

Haitham Al-Ghais of Kuwait has taken over as the new secretary general of  the Organization of the Petroleum Exporting Countries on Monday.

Pushing intelligence out to the edge will drive change in the design of our products, services, processes, and organizations, and transform how decisions get made – giving greater autonomy to the devices at the edge. The only question is: how quickly can you respond to start building the future? he...

The profits grew by 38 percent to $252 million.