Saudi youth make their mark in event management during Jeddah Season where they comprise over 80 percent of the workforce and present a wide range of talent and passion for work

The strength of the Dubai economy, the flexibility of the emirate's merchants and the value of Dubai Chamber of Commerce services drive chamber members' exports to grow by 15.8 percent during January-May 2022, said Abdul Aziz Al Ghurair, Chairman of Dubai Chambers.

FAB's Egypt assets will operate under the new brand "FABMISR".

Jordan has foiled an attempt to smuggle drugs into the kingdom from its border with Syria, seizing 900,000 Captagon pills and hashish.

TotalEnergies chief Patrick Pouyanne hailed a deal to expand production in the world's biggest natural gas field in Qatar but told AFP on Sunday that more projects are needed and consumers will still have to "turn down the heating" to ease the growing price crisis.

ISLAMICOIN, which adheres to strict Sharia audit, is one of the most popular digital currencies in the Islamic world, says Enas Yaqoub, a member of ISLAMICOIN team.

The two countries will celebrate 50 years of diplomatic relations in 2023, which includes organizing events like car exhibitions, and promoting investments in hospitality and real estate.

The forum reflects the strategic position of Qatar as an influential economic player and as a bridge for communication and dialogue between the region and various countries

To many they are art's next big thing -- digital images of jellyfish pulsing and blurring in a dark pink sea, or dozens of butterflies fusing together into a single organism. The Argentine artist Sofia Crespo, who created the works with the help of artificial intelligence, is part of the...

Qatar's Energy Minister Saad Sherida al-Kaabi called the joint venture "a marriage more than an engagement" as it will last until 2054. Other foreign firms will also take stakes in North Field with state-owned Qatar Energy (QE) but none will be bigger than TotalEnergies, said Kaabi, who did not reveal...

The US fast-food giant announced on May 16 that it would exit Russia in the wake of its Ukraine offensive.

Bonus shares to be granted by capitalizing $7.9 bn from retained earnings.

Israel on Saturday condemned Norway's decision to label products from Israeli settlements with their place of origin. Norway's social democrat government announced its new policy on Friday, saying it was not enough to label products coming from the occupied territories as Israeli.

The school's goal in its first year will be to train for free around 100 students in two roles, specialist immersive technology developers and support and assistance technicians.

The UAE and Uzbekistan have pushed for a new phase of their strategic partnership for government modernization to promote the exchange of knowledge, expertise, and successful experiences.

A state-of-the-art port in Istanbul with an underground terminal, a celebrity chef's restaurant and a shopping center, welcomes yet another 5,000-passenger cruise ship.

Iran and Venezuela signed a 20-year deal on cooperation between the two allies subject to US sanctions during a visit Saturday to the Islamic republic by Venezuelan President Nicolas Maduro.

Hundreds of people and several lawmakers protested Saturday in southern Lebanon against Israel moving a gas production vessel into an offshore field partly claimed by Beirut. Lebanon's powerful Iran-backed Hezbollah group this week warned Energean against proceeding with its activities.

Aside from fossil discoveries, one of the unique geological phenomena discovered in Saudi Arabia is basalt columns. These one-of-a-kind columns are magnificent and incredibly accurate geometric shapes that erupted from the ground without human intervention. They owe their existence to the molten lava that burst out of the ground in...

The WTO agreements on fisheries subsidies and a Covid vaccine patent waiver moved a step closer to completion Saturday after negotiators finalized texts for ministerial review, but significant obstacles remained in hammering out a final deal. The WTO takes decisions by consensus, making deas all the harder to reach.

Jordan's Economic Modernization Vision has proposed ways to simplify customs, taxes and shipping regulations for trade and retail business

The UAE’s first fuel retail loyalty program continues to grow membership base, evolves towards targeted segmentation.

President Joe Biden on Friday slammed ExxonMobil for not producing more oil, as soaring gas prices deplete Americans' wallets and the US leader's popularity ahead of midterm elections.

Saudi Arabia has seized a new consignment of banned drugs being brought into the kingdom at Al-Haditha port.

Meta on Friday said that it is adding the ability to easily socialize in virtual reality with an update to its Quest 2 headsets in another step toward the metaverse. The tweak heading for the latest model Quest from Meta-owned Oculus will let wearers hop into virtual settings with friends,...

The CECs provide Abu Dhabi entities a pathway to achieve their desired sustainability goals by guaranteeing the zero-carbon origin of their clean electricity consumption.

Iran has arrested 13 suspected robbers accused of making off with the contents of more than 160 safe boxes from a bank branch in the capital, the judiciary said Friday. The state-owned lender said thieves had taken advantage of a public holiday on Sunday to break into the branch.

Abu Dhabi Securities Exchange (ADX) recorded the highest increase in trading value among Arab financial markets in May 2022 at 292.64 percent while the Palestine Exchange topped the list in terms of trade volume increase, according to Arab Monetary Fund (AMF). The AMF noted in its monthly newsletter that covers...

FAO predicts the global food import bill would rise by $51 billion compared to 2021, of which $49 billion would be due to the increase in price.

Abu Dhabi, China’s Shandong agree to work towards boosting investment opportunities

Saudi Arabia has awarded the building of a five-kilometer-long tunnel in the city of Madinah to a Chinese construction firm, to be built at the cost of $974 million. The project also involves the construction of a pedestrian bridge. Al-Amida road will serve as an alternative to the current ring...

Dubai Multi Commodities Centre and Brooklyn Chamber of Commerce have signed an agreement to work together to promote trade and support the international expansion of American businesses through Dubai. DMCC will work with the Brooklyn Chamber to support New York-based businesses in setting up their operations in Dubai, utilizing the...

The UAE and European Union are looking to deepen cooperation in many fields, and in particular in sub-Saharan Africa. In this regard, Sheikh Shakhboot bin Nahyan bin Mubarak Al Nahyan, Minister of State, received Jutta Urpilainen, Commissioner for International Partnerships at the European Union, and explored further cooperation between the...

Protection and Promotion of Investments Agreements aim to protect investments from all non-commercial risks like nationalisation, expropriation, and sequestration.

European stock markets retreated at the open Friday following losses in Tokyo, with all eyes on US inflation data and its impact on the outlook for interest rate rises. London's benchmark FTSE 100 index dropped 0.5 percent to 7,442.31 points.

The figures showed a 26 percent increase in trade between the UAE and GCC countries in 2021.

The UAE Minister held a series of high-level meetings with government and business leaders in South Korea to strengthen bilateral ties and economic opportunities

Saudi Arabia finalized investment worth SR15.2 billion ($4 billion) in the first quarter of 2022 and closed 101 investment deal which represents a 225 percent increase from the same period last year.

Dubai real estate market recorded 293 sales transactions worth AED 757.33 million ($206 million), including 73 mortgage deals of AED135.94 million, and 9 gift deals amounting to AED16.28 million Wednesday, data released by Dubai's Land Department (DLD) showed. The sales included 264 villas and apartments worth AED507.79 million, and 29...

ADQ of Abu Dhabi and Jordan have set up a $100 million technology venture capital fund (the Fund) to bolster tech companies in the kingdom's digital economy. ADQ is reinforcing its commitment to investing in advancing core sectors of the Jordanian economy and enhancing the global technology ecosystem. The Fund...

The emirate is currently witnessing the launch of related commercial, industrial and residential projects in various cities.

Twitter will yield to Elon Musk's demand for internal data central to a standoff over his troubled $44 billion bid to buy the platform, US media reported on Wednesday. The news comes just days after the Tesla chief threatened to back out of his deal to purchase Twitter.

The CBUAE projected the real GDP growth to reach 5.4 percent in 2022, after the growth jumped to 3.8 percent in 2021.

The OECD on Wednesday warned that the world economy would pay a "hefty price" for Russia's invasion of Ukraine as it slashed its 2022 world growth forecast and said inflation to keep rising.

Ahmed Mohamed Al Naqbi, Chief Executive Officer of Emirates Development Bank (EDB), has called on the local and regional banking community to increase access to corporate finance and accelerate the UAE’s economic recovery. Speaking on the opening day of Bonds, Loans & Sukuk Middle East 2022, which took place at...

NEMA Holding to establish academic arm, NEMA Education.

DP World's Southampton container terminal will now be run on vegetable oil instead of the usual diesel fuel to scale down carbon emissions.

The UAE wants to boost cooperation with Egypt and Jordan in the financial sector in order to achieve sustainable growth in the region, according to Khaled Mohamed Balama, the Governor of the CBUAE.

The Agency for Natural Resources and Energy in Tokyo.reported that the amount of crude oil that Japan imported during that month amounted to 87.59 million barrels.

Two Indian-born brothers who allegedly wove a web of corruption across South Africa have been arrested in Dubai and face extradition, in a landmark step in Pretoria's anti-graft fight. By one estimate, several billion dollars were lost to the South African economy as a result of their activities.