Tokyo stocks opened higher on Monday as investors took heart from gains on Wall Street while staying cautious over the economic impacts of inflation. The dollar fetched 135.02 yen in early Asian trade, against 135.28 yen in New York late Friday.

Iraq received in excess of $11 billion as revenue for crude oil export in June, the Ministry of Oil said. Oil ministry was quoted as saying by the local media that "the total amount of crude oil exports for the month of June, according to the preliminary statistics issued by...

Foreign ministers of Arab nations discussed in Beirut a range of regional crises, with emphasis on food security and the impact of Ukraine war on their countries.

Speaking at the NATO summit in Madrid, Johnson said the "very, very tight labor market" and difficult "balance of our energy mix" add to inflationary pressures.

Jordan Chamber of Commerce Vice President discusses with a World Bank team the Kingdom's investment regulation law and the incentives to attract new capital to the country.

Jordan imported 11.8 million barrels of crude oil through the port of Aqaba, while a total of about 1.19 million barrels of Iraqi oil were imported since supply was launched at the beginning of September 2021 until end of 2021

The UAE has approved 22 policies that focus on accelerating the implementation of the circular economy model in the UAE in four main sectors – manufacturing, food, infrastructure, and transport. At the UAE Circular Economy Council’s second meeting of 2022, the Council also identified at least 16 circular economy activities that can...

During the last 25 years Jordanian exports to Canada have increased at an annualized rate of 21.75 percent, from US$885,000 in 1997 to $121.4 million in 2021.

Tesla Model 3 has joined Dubai Taxi Corporation's fleet on trial basis, following the success of operating 172 Tesla vehicles in the limousine service since 2017. The trial operation aims to verify the efficiency of the vehicle when deployed on the taxi fleet in the emirate, Dubai’s Roads and Transport...

France is looking to invest in energy, technology, water and industrial services sectors in Saudi Arabia, according to the French ambassador to the kingdom. Ludovic Pouille said at a press conference that the kingdom is an attractive region with a suitable environment for investments in all its vital sectors. The...

The move aims to deepen Doha-based bank's presence in US real estate market.

The rapid rise of the US dollar since the start of the year is a double-edged sword for American multinational companies, pushing some of them to decide whether to hedge or reposition their activities abroad to avoid fallout. And they also lose money when converting foreign revenue back into dollars.

The Saudi and UAE stock markets ended the week lower as concerns about slowing global economic growth impacted investor sentiment. Saudi Arabia's market index TASI finished down 1.7 percent at 11,523 points. Abu Dhabi Securities Exchange ended with a loss of 0.3 percent, on Friday the index in Dubai, fell...

Jeddah Season 2022 lasted for 60 days and was full of exciting shows, programs, activities that took place in 13 locations in Jeddah, and was attended by over six million visitors from Saudi Arabia and tourists from 129 countries.

Faisal Abbas, editor of Arab News, believes that it is almost impossible that journalists alone can fix the problem of fake news, and that technology has to step in to resolve the issue.

AlNama smart city being developed in Saudi Arabia will be a zero-carbon community, according to the Dubai's URB entrusted with the job of designing the city.

Wall Street stocks shrugged off early weakness to begin the second half of 2022 on a solid note Friday, but record eurozone inflation underscored the potential for more turbulence ahead. New York equities spent much of the morning in the red, absorbing an industry survey showing slowing growth in the...

The third edition of The Jewels of Emirates Show, UAE’s inaugural event specializing in diamond jewelry, gold, silver and luxury watches began on Thursday at Expo Center Sharjah. Organized by Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce & Industry (SCCI), it features around 100 of the...

The metaverse version -- where players largely do the same thing but can earn cryptocurrency rewards and buy extra kit for their avatars -- has only opened to the public for special events.

Anwar Gargash, Diplomatic Adviser to UAE President, discussed developing ties across various domains with Minister of Foreign Affairs of the Republic of Cyprus. In a meeting held in Dubai, the two reviewed issues of common concerns and means to enhance cooperation to promote progress, prosperity and development of both countries....

The Comprehensive Economic Partnership Agreement (CEPA) signed between Indonesia and the UAE on Friday will bring economic prosperity to a large section of the population of the Southeast Asian nation

UAE Minister of Industry and Advanced Technology Dr Sultan bin Ahmed Al Jaber said the country continues to empower the industrial sector and increase its competitiveness by leveraging its resources, advantages and capabilities

The move came after share price of its former energy unit fell sharply.

Industrial sector performs key role in Abu Dhabi’s economy and a new industrial financing entity will soon be established for large industries and SMEs, says ADDED Chairman

A new industrial financing entity will soon be established in Abu Dhabi to finance large industries and small and medium-sized enterprises (SMEs) as industrial financing requires the establishment of new frameworks, said Mohamed Ali Al Shorafa Al Hammadi, Chairman of the Abu Dhabi Department of Economic Development (ADDED). Abu Dhabi's...

AD Ports Group's cash reserves to fully fund the deal.

The collaboration is part of strategic efforts by both companies to enhance the private sector's contribution to UAE economic development.

MEmob+ has invested substantially in blockchain technology to offer its clients the most advanced and effective advertising services.

Moscow said Thursday that G7 plans to cap the price of Russian oil would lead to a shortfall on world markets and soaring prices for European consumers. "This is another attempt to interfere in market mechanisms, which can only lead to market imbalance," Deputy Prime Minister Alexander Novak said, warning...

The UAE and South Korea sign an agreement to launch a joint cooperation program to support entrepreneurs and SMEs. During the 11-month program, the two sides will discuss and cooperate in entrepreneurship and SME development.

Syrian phosphates used for fertilizer are being exported to Europe in bulk, benefitting a Russian firm and the sanctions-hit Damascus regime, a report said Thursday. Italy, Bulgaria, Spain and Poland are among the EU states receiving Syrian phosphates, according to the report by a consortium of investigative journalists led by Lighthouse...

Jordan's Minister of Foreign Affairs and Expatriates has called for concrete and effective steps to address the effects of the Ukrainian crisis on food security, energy prices and supply chains

NIIF Master Fund will invest $300m in DP World subsidiary HPPL.

This is the first collaboration between Drydocks World and KANFA AS.

Major oil producers led by Saudi Arabia and Russia are expected to stick to a previously decided output boost at their meeting on Thursday, despite pressure to further increase production. Russia's invasion of Ukraine has exacerbated concerns about oil supplies, sending prices to record highs this year.

The company has won approval for an IPO of 1m shares.

The Dubai Metaverse Strategy anticipates that 42,000 jobs will be virtualized through the metaverse by 2030 while also improving resident surgeon performance by 230 percent and engineer productivity by 30 percent, he adds.

Dubai's multicultural family shopping and entertainment hub provides a unique platform to SMEs to test creative and innovative business concepts, says Naveen Jain of Global Village.

UAE Minister of State for Foreign Trade Dr Thani bin Ahmed Al Zeyoudi concluded a two-day visit to Florida which focused on expanding the bilateral UAE-US trade and commercial ties.

Invictus Investment specializes in agro-food commodities, raw materials.

Wall Street stocks were mixed early Wednesday, treading water after the prior session's pullback that came amid worries over soaring inflation and an economic slowdown. After last week's rally, stocks were back on the defensive Tuesday, falling hard after downcast consumer confidence reading. But early in the session Wednesday "there...

UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said that leveraging nature-based solutions, especially blue carbon ecosystems, to mitigate and adapt to the impacts of climate change is required at the UN Ocean Conference.

The year-on-year increase in total exports was mainly due to higher exports of petroleum gases and other gaseous hydrocarbons reaching QR 30.3 billion in May 2022.

Etihad Airways and Abu Dhabi International Airport are preparing to welcome 2.7 million network passengers over the summer months, following a surge in demand for global travel. Over 1.4 million passengers will depart from Abu Dhabi International Airport, including 330,000 local joiners, with more than 1,100 weekly network-wide departures. Mohammad...

The loan approved Wednesday aims to ensure "affordable bread for the poor, barley for livestock, and agricultural inputs for domestic grain production".

The United Arab Emirates has presented its Fourth National Report on spent nuclear fuel, radioactive waste management at the International Atomic Energy Agency headquarters in Vienna, Austria.

They will collaborate on a number of projects within Egypt and beyond.

The firm says there is high demand for maritime services.

The British company aims to ensure data security.

A line of credit of US$20 million will be opened between ADEX and ECOWAS to boost cooperation and raise the volume of trade between the two entities.