EGA says the deal boosts its plan to expand recycling space globally.

Paris, France -- Stock markets wobbled on Thursday as investors await a highly-anticipated speech by US Federal Reserve chief Jerome Powell, hoping he will drop more clues about an expected interest-rate cut. The Dow, the broader S&P 500 and the tech-heavy Nasdaq had all opened on the right foot, extending gains...

The company is Chinese smartphone and household tech giant.

TSMC is investing $3.9bn in the Dresden project.

Abu Dhabi, UAE-- Abu Dhabi Airports has expanded its existing collaboration with Paris Airports Group (ACG) to focus on collaborating on the creation of the ground infrastructure needed to provide advanced air transport applications in Abu Dhabi. Based on the agreement signed between the two parties on the sidelines of...

Paris, France -- The world's largest video game trade show, Gamescom, opens its doors on Tuesday in Germany at a sensitive moment for an industry battered by layoffs and studio closures. Organizers expect the event, which runs until Sunday in the western city of Cologne, to welcome more than 300,000 people as...

Expectations of US interest rate cuts weakened the dollar, while oil prices tumbled as weak Chinese demand expectations offset turmoil in the Middle East, according to traders. Gold rose to a record high of $2,500.16 an ounce as investors snapped up the haven investment in the face of an increasingly likely...

Abu Dhabi, UAE -- The IPO market in the Middle East and North Africa (MENA) region remained resilient during the second quarter of this year, with 14 IPOs registering total proceeds of US$2.64 billion, up 45.3 percent compared to the same period last year. According to the Ernst & Young...

Paris, France -- Uncertainty about Chinese economic growth is weighing on global oil demand this year, OPEC said on Monday, leading the producers cartel to slightly revise down the robust projections it made in July. "The world oil demand growth forecast for 2024 is revised down slightly by 135,00 barrels a...

ADQ will acquire newly issued shares of Sotheby’s to support its growth.

Kuwait: -- The oil and gas sector in Arab countries attracted 610 projects implemented by 356 foreign and Arab companies, with a total investment cost of US$ 406 billion between January 2003 and May 2024. The Arab Investment and Export Credit Guarantee Corporation (Dhaman) stated in its first sectoral report...

Abu Dhabi, UAE -- The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and Miral will host Loop CEE, a luxury travel fair, for the first time in the Middle East. Titled “Loop Beyond Borders”, the event will be held from 15th-17th September 2024 at Saadiyat Rotana...

The company to cut approximately $20 billion in expenses this year.

Baghdad, Iraq -- Iraq signed an agreement with British energy giant British Petroleum on Thursday to develop four oil and gas fields in the northern province of Kirkuk. A memorandum of understanding was signed by Iraq's Oil Minister Hayan Abdel Ghani and BP's CEO Murray Auchincloss, Prime Minister Mohamed Shia al-Sudani's media...

Dubai, UAE - Dubai has reinforced its position as a global tourism leader by welcoming a record 9.31 million international overnight visitors in the first half of 2024, marking a 9 percent increase from the 8.55 million visitors during the same period in 2023. The achievement is aligned with the...

Under the MoU, both parties will coordinate events aimed at strengthening ties between exporting companies from Dubai and Chile and supporting the expansion of these companies in both markets by creating promising business opportunities.

Revenue dropped 8 percent to $98 billion in the same period.

Riyadh, Saudi Arabia -- The Saudi Red Sea Authority (SRSA), in collaboration with the Ministry of Tourism, has implemented two pioneering initiatives that focused on training human resources in working in luxury coastal resorts and travel agencies according to the best international practices.One of the initiatives targeted 1,059 trainees working...

Washington, United States -- It's the case of the vanishing startup: some of Silicon Valley's most promising names in the fast-developing generative AI space are being gobbled up by or tied to the hip of US tech giants. Short on funds, in the past few months promising companies like Inflection AI...

Dubai, UAE -- Dubai welcomed 9.31 million international overnight visitors from January to June 2024, a 9 percent increase over the 8.55 million tourist arrivals in the first half of 2023, according to data published by the Dubai Department of Economy and Tourism (DET). Following a landmark 2023, when the...

Riyadh, Saudi Arabia -- For Hamed al-Rafidain, a Saudi human resources worker, an electric vehicle offers welcome savings, especially since his other car is a fuel-guzzling four-wheel drive favored by motorists in the desert kingdom. The 39-year-old is part of a small but growing EV consumer base in Saudi Arabia, which...

Riyadh, Saudi Arabia -- The Saudi Red Sea Authority, in cooperation with the Ministry of Tourism, has launched the "Seas of Excellence" training program to improve the quality of tourism services and adopt international best practices to deliver a luxurious coastal tourism experience.Minister of Tourism Ahmed Al-Khateeb attended the launch...

New York, US -- Luxury hospitality group Equinox Hotels has announced plans for the opening of Equinox Resort Treyam, one of Magna's twelve destinations, located on the coast of the Gulf of Aqaba. Magna's destinations, including Treyam, are part of NEOM, the evolving regional development, taking shape in northwest Saudi...

The company aims to expand UAE gas infrastructure, increase customer reach

Dubai, UAE -- A new #DubaiDestinations guide titled ‘Dubai’s Summer Activities’ invites residents and visitors to delve into an array of exciting indoor and outdoor activities available throughout Dubai during the summer.Developed by Brand Dubai, the creative arm of the Government of Dubai Media Office, the interactive guide forms part...

Riyadh, Saudi Arabia -- The number of air passengers in Saudi Arabia increased by 17 percent during the past six months to 62 million, compared to 53 million during the same period last year, the Kingdom's General Authority of Civil Aviation (GACA) said. The number of flights also reached approximately...

Sharjah, UAE -- Sharjah's renowned landmark and award-winning family-friendly destination, Al Noor Island, has secured its place among the top 10 attractions in the Middle East by winning the prestigious 'Best of the Best' title for 2024 on the leading travel-review platform TripAdvisor. Developed and managed by the Sharjah Investment...

Riyadh, Saudi Arabia -- Saudi Aramco netted $12.35 billion, $1 billion more than expected, from a secondary share sale after exercising an over-allotment option, the deal's stabilizing manager said on Wednesday. An additional 154.5 million shares were issued in response to demand from investors, Merrill Lynch Kingdom of Saudi Arabia said, taking...

Dubai, United Arab Emirates -- Energy majors TotalEnergies, Shell and BP will each take a 10 percent stake in a liquefied natural gas project in the United Arab Emirates, state energy giant ADNOC said Wednesday. Japanese trading company Mitsui & Co. will also acquire 10 percent of the Ruwais LNG plant,...

Riyadh, Saudi Arabia -- Saudi Arabia has maintained its first rank across MENA in terms of the amount of Venture Capital (VC) funding in the first half of 2024, which witnessed a total VC deployment of $412 million (SAR 1.5 billion), the Saudi Venture Capital Company (SVC) said Tuesday. The...

Rotterdam, Netherlands -- The first methanol-powered ship to ply routes between Europe's busy ports was unveiled Tuesday in Rotterdam, with shipping owners hoping to spur efforts to bring down the industry's huge carbon footprint. The Eco-Maestro, a 13,675-tonne container carrier will head off to Antwerp in the next few days, before...

Digitalization is revolutionizing GCC entrepreneurship, offering vast opportunities and challenges, and driving innovation and growth, Jigar Sagar, an influential figure in the GCC's entrepreneurial ecosystem., tells TRENDS in an exclusive interview.

Istanbul, Turkey -- China's electric vehicle giant BYD on Monday signed a one-billion-dollar agreement with Turkey to open a plant in the country in a move that would help it dodge new EU tariffs. The signing ceremony in Istanbul between BYD's CEO Wang Chuanfu and Turkey's industry and technology minister Fatih...

New York, United States -- Chip-making juggernaut Taiwan Semiconductor Manufacturing Co. briefly surpassed $1 trillion in market capitalization on Monday as the AI frenzy continues to power tech stocks. TSMC controls more than half the world's output of chips and supplies them for everything from Apple's iPhones to Nvidia's cutting-edge artificial...

Brussels, Belgium -- The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war. A European Commission probe launched last year concluded that state subsidies for Chinese EV...

Deliveries still 4.7 percent down from a year ago.

Dubai, UAE -- The Mastercard Economics Institute has revealed in its latest Travel Trends 2024 report a major shift in the travel industry this year, characterized by a significant increase in travel spending and strong growth in traveler traffic. This latest global report provides comprehensive insights into the evolving landscape of the...

Washington, United States - The US Justice Department is offering Boeing a plea deal that will allow it to avoid a trial related to two deadly 737 MAX crashes, a lawyer for the victims' families said Sunday, expressing outrage. Details of the deal, which requires Boeing to pay a fine and...

SOFIA, Bulgaria -- The United States announced Wednesday a reward of up to $5 million for information that could lead to the arrest of fugitive Bulgarian-born "cryptoqueen" Ruja Ignatova. The US ambassador to Bulgaria, Kenneth Merten, said Ignatova is wanted in the United States and Germany "for her participation in one...

Covestro's shares surged more than six percent in Frankfurt following the announcement, which comes after it first disclosed talks were ongoing with the UAE firm in September last year. "The discussions so far have shown that Covestro and ADNOC can generally reach a common understanding regarding core aspects of a...

The company to integrate Meta's generative AI into its products.

Toronto, Canada -- For a few days, AI chip juggernaut Nvidia sat on the throne as the world's biggest company, but behind the its staggering success are questions on whether new entrants can stake a claim to the artificial intelligence bonanza. Nvidia, which makes the processors that are the only option...

Geneva, Switzerland -A Swiss court handed jail sentences to four members of Britain's richest family on Friday, branding them "selfish" for exploiting Indian staff at their Geneva mansion. The Hindujas were acquitted of human trafficking, but convicted on other charges in a stunning verdict for the family, whose fortune is estimated...

Geneva, Switzerland -- Global foreign direct investment (FDI) fell by 2 percent to $1.3 trillion in 2023 amid an economic slowdown and rising geopolitical tensions, according to the latest World Investment Report released by UN Trade and Development (UNCTAD). But the report highlights that the decline exceeds 10 percent when...

New York, United States - Boeing said Thursday it is examining fasteners on some undelivered 787 jets after discovering problems with their installation in the latest manufacturing shortcoming to face the company. The aviation giant, which faces intensified scrutiny from regulators following recent incidents and manufacturing difficulties, said planes already in...

Paris, France -- The world is likely to have a "major surplus" of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said in an annual report published Wednesday. Global demand is expected to "level off" at 106 million barrels per...

New York, United States - Intel is halting the expansion of a major factory project in Israel, which was going to pump an extra $15 billion towards a chip plant. The chip giant in December said it was going to expand an ongoing $10 billion plan at the Kiryat Gat site,...

Washington, United States -- Virgin Galactic on Saturday successfully completed its last spaceflight before heading into a two-year pause on commercial operations to upgrade its fleet, as the space tourism company seeks to finally turn a profit. "Galactic07 is back on terra firma, now as astronauts!" the company said on X...

Telecoms group e&, whose majority stakeholder is the UAE government, signed a $2.3-billion agreement in August 2023 to purchase Czech PPF telecoms group's assets in Bulgaria, Hungary, Serbia and Slovakia. The European Commission said a preliminary probe "indicates that there are sufficient indications that e& has received foreign subsidies distorting...

Riyadh, Saudi Arabia - Oil giant Saudi Aramco said Sunday that international investors had snatched up the bulk of shares sold in its latest offering, which was set to raise $11.2 billion. The secondary offering was expected to provide a short-term boost to Saudi Arabia's finances as the Gulf kingdom builds...