The four-day Grape and Seasonal Fruit Festival began in Asir region of Saudi Arabia on Sunday. The festival will be attended by 35 farmers who will display the products of their own farms, such as numerous varieties of grapes and several types of pomegranate fruits, peaches, ferax and berries. The...

Saudi Arabia's year-on-year economic growth in the second quarter was 11.8 percent compared to the same period last year, according to initial "flash" estimates published by the General Authority for Statistics. The Middle East's largest economy has benefited from a spike in oil prices and has resisted appeals from Western...

The Hamriyah Free Zone Authority (HFZA) has partnered with Rafid Automotive Solutions to establish an integrated technical center within the free zone and provide vehicle repair, maintenance, inspection, as well as registration services and roadside assistance. In addition to promoting Sharjah's competitive edge, the partnership agreement will also fuel the...

Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region and Chairman of the Emirates Falconers’ Club (EFC), has issued directives for the development of the strategy of the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX).

The Central Bank of the UAE (CBUAE) has decided to increase the debt burden ratio of the beneficiaries of home finance of the Sheikh Zayed Housing Program (SZHP) from 50% to 60%.

Saudi Arabia and the UAE have supplied around 80 percent of Japan's oil demand for the month of June, followed by Qatar and Kuwait with 14 percent each, taking Arab share to 94.7 percent.

A judge has ordered a five-day trial over Twitter's lawsuit against Musk to begin on October 17.

Istanbul Airport ranked first in Europe in terms of the average number of daily flights during the period of July 22-28, with 1,327 flights. The Airport exceeded the French Charles de Gaulle Airport and Amsterdam Airport Schiphol by the number of flights in the mentioned period.

Russian energy giant Gazprom Saturday suspended gas supplies to Latvia following tensions between Moscow and the West over the conflict in Ukraine and sweeping European and US sanctions against Russia. Gazprom drastically cut gas deliveries to Europe via the Nord Stream pipeline on Wednesday to about 20 percent of its...

Dubai Electricity and Water Authority (DEWA)’s Marafeq Smart Feature has contributed to accelerating issuing of No Objection Certificates (NOCs) for infrastructure and information services.

Credit facilities provided by national banks to the business and industrial sector rose 1.92 percent to US$3.5 billion (AED13.1 billion) in the first four months of 2022.

Secretary-General of the Malaysian Foreign Ministry said Kuwait is an important partner in oil explorations sector, urging closer investment relations between both the countries.

The bank's profit rises 28% to US$581 million in the first half.

Equities in the GCC posted modest gains this week while concerns persist about surging global inflation and how central banks across the world found upping interest rates a tool to tame it.

Experts consider Yemeni honey some of the best in the world, including the prized Royal Sidr known for its therapeutic properties.

Qatar Electricity and Water Company (QEWC) said Raslaffan Operating Company WLL, a wholly-owned subsidiary of QEWC completed the purchase of 40 percent of the share capital of Nebras Power (Nebras) from Qatar Holding LLC.

As people are freed from pandemic lifestyles that had them relying on the internet for shopping, playing, working and learning, inflation is pushing up prices and Covid-19 is causing temporary shutdowns of factories in China relied on by tech firms.

Italian energy giant Eni said Friday that its profits sky-rocketed in the second quarter as energy prices soared in the wake of the Russia-Ukraine crisis.

Dubai’s real estate market recorded 8,897 sales transactions worth US$6.2 billion approx (AED22.75 billion), the highest volume of sales transactions for June in the past nine years, according to Mo’asher, Dubai’s official sales price and rental performance index.

Abu Dhabi National Oil Company (ADNOC) today announced a second discovery of natural gas resources in the first exploration well in Abu Dhabi's Offshore Block 2 Exploration Concession, operated by Eni. The discovery from a new deeper reservoir indicates between 1 – 1.5 trillion standard cubic feet (TSCF) of raw...

ExxonMobil's second quarter profits nearly quadrupled to $17.9 billion in results released Friday that underscored the elevated state of oil and natural gas prices amid commodity market tightness.

Expenses incurred on acquisition of Bungie partly responsible.

The second quarter profit increased by 134 percent.

The art retailer said that Johnny Depp's collection of prints called "Friends & Heroes" was "a testament to those he has known well and others who have inspired him as a person".

The company's earnings jumped on strong sales of Covid19 products.

The US Department of State released on Thursday the 2022 Investment Climate Statements, which help US companies make informed business decisions by providing up-to-date information on the investment climates of more than 160 countries and economies that are current or potential markets for American companies. The Investment Climate Statements also...

UAE and Kenya announced their intention to begin talks for a Comprehensive Economic Partnership Agreement (CEPA) between the two countries in Nairobi.

Net Profit of Aldar in Q2 2022 amounted to $229 million.

ADNOC Distribution will acquire 50 percent stake in TotalEnergies Egypt.

Rising oil, gas prices are yielding bumper profits across the sector.

The company's net profit amounted to $2.18 billion.

The profits rose despite 60 percent hike in fuel costs.

Financial sanctions covers banks’ failures to achieve appropriate compliance regarding required due diligence and reporting procedures and standards. All banks operating in the UAE were allowed ample time by the CBUAE to implement the CRS.

The International Monetary Fund (IMF), in its World Economic Outlook, 2022 said that the Saudi economy will register a 7.6 percent growth rate this year. This would be the highest growth rate among advanced, emerging market and developing economies.

The projects will strengthen F&B cluster in Jebel Ali.

Net profit equates to a healthy 91% of revenue for the period.

The company earned a profit of US$37,302,472 in HI 2021.

Facebook-parent Meta reported on Wednesday its first quarterly revenue drop and a plunging profit as the social media powerhouse battles a turbulent economy and the rising phenomenon of TikTok. Meta had long delivered seemingly endless upward growth but after this income miss and reporting earlier this year its first decline...

The startups presented their innovative solutions following months of hard work that contributed to developing their product strategies and business models.

A delegation from the Philippine Business Council, headed by Prof. Gau Raganit, visited the Abu Dhabi Chamber of Commerce and Industry to cement cooperation between the Chamber and Filipino investors in Abu Dhabi.

Opening corporate bank accounts to become easier for free zone firms.

The profit saw an increase of 3 percent over H1 2021.

The Telecommunications & Digital Government Regulatory Authority (TDRA) said that over 10 million people visited the Official Portal of the UAE Government (U.AE) during the first half of 2022, an increase of 26% against the same period last year.

They will collaborate on key oil and gas projects.

DoubleTree by Hilton Resort & Spa Marjan Island is a beachfront resort.

The Government of Dubai’s Virtual Assets Regulatory Authority (VARA) on Wednesday granted provisional regulatory approval to Komainu.

The contracts were awarded to ADNOC Drilling.

If the deal is finalized, Teva would become the latest major company to reach a settlement over the crisis which caused hundreds of thousands of deaths and ravaged communities across the country.

Higher-than-expected inflation, especially in the United States and major European economies, is triggering a tightening of global financial conditions.

The poor performance result of sagging demand.