TikTok on Friday said Oracle will store all the data from its US users, in a bid to allay fears about its safety in the hands of a platform owned by ByteDance in China. The announcement came as the popular video snippet sharing service fended off concerns about the ability...

Equities in the Middle East imitated the global stock markets, falling as central banks raised interest rates to fight off soaring inflation.

The second edition of Industry 4.0 and AI for Industrial Leaders that saw the participation of industry leaders in the UAE is designed to develop knowledge and skills in the implementation of artificial intelligence (AI) in industry enhance the nation’s industrial capacity through Fourth Industrial Revolution (4IR) technologies. The four-day...

President of Venezuela Nicolas Maduro, called on Qatari businessmen to invest in his country, to enjoy the benefits offered by his government to investors and reviewed opportunities for tourism and investment cooperation between the two countries

Desperate to put the coronavirus pandemic behind them, airlines will hold talks on Sunday ahead of a potential summer of chaos with shortages and strikes that could threaten their recovery. While trade is roaring back to life, representatives from the aviation sector meeting for three days in Qatar have a...

The Abu Dhabi Ports Group inks deal with National Marine Dredging Company Group to set up a JV to conduct offshore surveys and subsea services in the UAE, the GCC region, and in select international markets

In 2020, women held 3.5 percent of all board positions in the UAE. The next year, the Securities and Commodities Authority (SCA) set a quota for all listed companies to put at least one woman on their boards by 2025. As of June 2022, women hold 8.9 percent of the...

An investor in dogecoin, originally created as a joke but whose value increased and fell as it was promoted by Elon Musk, filed a $258 billion lawsuit Thursday against the billionaire and his companies Tesla and SpaceX. Keith Johnson, who says he lost money after investing in dogecoin, described himself as...

Intelligent transportation system, speedy 5G deployment and heavy investment in AI are pushing region's smart city growth, says Omar Christidis, CEO & Founder of Arabnet.

British economic output declined for the second month in a row in April, weighed down by rocketing prices that are causing a cost-of-living crisis for millions of Britons.

The profit result was "200 percent above its highest annual historical profit".

The debt dates back to 2020, but payment was stalled amid sanctions against Iran by the United States.

The group has seven eLink stations, five located in Dubai and two in Abu Dhabi.

Ministers were frantically haggling through the night into Thursday at the World Trade Organization in a bid to salvage deals on food security, fishing, and combating Covid-19. 

Turkey is ready to host a four-way meeting with the United Nations, Russia, and Ukraine to organize the export of grain through the Black Sea, Foreign Minister Mevlut Cavusoglu said on Wednesday.

Aramco publishes its first sustainability report which outlines ways in which the company plans to further tackle emissions while delivering reliable, affordable energy solutions and provides a set of interim targets it aims to achieve by 2035

Russia's war against Ukraine has exposed our European dependency on Russian fossil fuels, and we want to get rid of this dependency," European Commission President von der Leyen said.

Russia's Gazprom told Eni it would cut its gas supply by around 15 percent for Wednesday, the Italian energy giant said, amid tensions between Moscow and the West following its invasion of Ukraine. "Eni confirms that Gazprom has announced a limited reduction in gas supplies for today, amounting to around...

Demand is set to grow to 101.6 million barrels per day in 2023, according to the IEA, which advises developed countries on energy policy.

Qatar Chamber and the Jordanian Ministry of Labor discussed Tuesday ways to enhance bilateral relations and the private sector's role in enhancing cooperation between the two parties. This came during the meeting of Qatar Chamber First Vice-Chairman Mohamed bin Twar Al Kuwari and Jordanian Minister of Labor Nayef Stetieh. The...

OIC has set a target of 25 percent trade among member states in the next three years by 2025 and biennial general trade fair and specialized trade fairs are important means for intra-OIC trade

Dubai road toll operator Salik has been established as a Public Joint Stock Company according to a law issued by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum. According to an official statement, the company will have legal, financial and administrative autonomy to carry out its activities and achieve its...

Half of all financial services organizations in the US and UK prefer managing web scraping practices internally, compared to just 11 percent that prefer to outsource the process completely

Fortunes will be made in this current bear market as in-the-know investors use the 20 percent drop as a major buying opportunity, says Nigel Green, CEO and founder of deVere Group, an independent financial advisory, asset management and fintech organization. Green’s observation comes as the S&P 500, Wall Street’s main...

Industry Development Council meeting reviews recommendations made at the first meeting, progress in implementing them and discusses the development of a unified platform for industrial data

The UAE-Germany non-oil trade exchange exceeded AED 478 billion ($130 billion) from 2012- 2021, according to data from the Federal Competitiveness and Statistics Centre (FCSC). The imports accounted for 89.5 percent of the total trade exchanges, while exports 3.5 percent and re-exports accounted for seven percent. The data showed that...

The alliance will ensure home delivery in 15 minutes.

An internal fight over whether Google built technology with human-like consciousness has spilled into the open, exposing the ambitions and risks inherent in artificial intelligence that can feel all too real.

Five years ago, Iraqi taxi driver Osama Mohammed would make about six trips a day across Baghdad. Today, traffic is so bad he feels lucky to do three.

The UAE will raise its 2022 federal budget spending by an additional Dh1.23 billion ($334.9 million), according to the Federal National Council (FNC)

Oil giant BP announced Wednesday it is taking a 40.5 percent stake in an Australian energy project being billed as the largest renewable power station on earth.

A UAE delegation visits Netherlands to exchange knowledge and best practices in the food sector with their Dutch counterparts with food security as the main agenda of the meetings

The report of Qatar Aviation body is updated with the IATA Air Transport data (Airport-IS) related to schedule statistics until the end of 2022.

The Central Agency for Public Tenders of Kuwait (CAPT) has awarded 235 tenders worth $5.9 billion in 2021. Secretary-General of CAPT Usama Al-Duaij told Kuwaiti media that the number of the awarded tenders has been mounting on an annual basis, but due to the impact of coronavirus pandemic, only 98...

Jordan and Egypt held a meeting Monday to discuss mutual cooperation in the field of establishing, operating and developing logistic areas. The two nations had signed a cooperation deal on the sidelines of the 30th session of the Joint Jordanian-Egyptian Higher Committee in February 2021 in Cairo. The virtual meeting...

The Foreign Direct Investment (FDI) in Jordan amounted to $622 million in 2021, constituting 1.2 percent of the Arab region's total FDI. The Arab Investment and Export Credit Guarantee Corporation (Dhaman) issued data Tuesday which confirmed this. The Arab region's FDI in 2021 went up by 42 percent to $53...

India's cricket board said Tuesday it has sold the broadcast rights of the IPL tournament for the next five seasons to global media giants for an eye-popping $6.2 billion. "IPL is now the 2nd most valued sporting league in the world in terms of per match value!" tweeted Jay Shah,...

Jordan's Ministry of Energy signed an MoU with a local company to explore for copper and it also signed another MoU with a Turkish company to explore for gold

Sharjah is building on the long-standing historical ties the emirate shares with Costa Rica to bolster and deepen diplomatic and cultural relations

Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a financing agreement with Capital Bank of Jordan, under which AED73.4 million ($20m) will be opened to support collaborative efforts to enhance UAE’s exports to the region and boost economies of the two...

As a full-service pharmaceutical CDMO, BMG is a production service provider for sterile injectable products, namely vials and pre-filled syringes used for vaccines.

The three- and the five-year facility was led by Mizuho Bank as coordinator.

Amazon plans to start flying some purchases to customers later this year, the e-commerce giant said Monday, announcing drone delivery that will debut in a California town.  Retail rival Walmart already offers drone delivery and in May announced it is dramatically ramping up the service, expanding to six states by...

Saudi Arabia's Digital Government Authority issued the first package of interim licenses for digital government business to three companies - Elm, Takamol Business Services and Thiqah

Saudi Arabia has required would-be hajj pilgrims from many Western countries to apply for visas via a government portal online, a move intended to crack down on "fake" travel agencies, officials told AFP on Monday. The new system was put in place as the kingdom prepares to welcome 850,000 Muslims...

Germany and the UAE as strong economic partners will continue trade but they can make joint investments in the 'new economy' that will help achieve their net-zero targets

The first edition in Dubai catered to big-box retailers and wholesale traders, while the second edition is set to have a broader B2B and B2C focus.

Wall Street stocks sank early Monday, tumbling into a "bear market" in anticipation of more Federal Reserve monetary tightening this week amid runaway inflation. The market's latest losses, which come on the heels of three straight down sessions, put the S&P 500 into a bear market, defined as a 20...

NEOM has awarded two contracts to two consortiums for the construction of two tunnels with a length of 28 kilometers dedicated to high-speed transportation and freight services in the infrastructure of the “The Line". The first consortium includes FCC Construction SA, Chinese State Construction and Engineering, and a Saudi company,...

The Made in Saudi program is participating in the 17th Organization of Islamic Cooperation (OIC) Member States Trade Fair