Wall Street stocks fell early Tuesday as the World Bank slashed its global growth outlook and Target warned of lower profits in the current quarter. The World Bank cut its growth estimate for the global economy to 2.9 percent, 1.2 percentage points below the January forecast, in the wake of...

The EU said the current situation remained wasteful and that European consumers spent approximately 2.4 billion euros ($2.8 billion) annually on standalone chargers they bought separately.

Masdar City, DANA, beta site, agritech, pilot projects, greenhouses, net houses, open field farming, water scarcity, irrigation, greenhouse cooling, soil cultivation

Ajman Free Zone stresses on the importance of Special Economic Zones and their impact on businesses from various perspectives.

Emirates Steel Arkan Group, the UAE’s largest listed steel and building materials company, has signed a Memorandum of Understanding (MoU) with Abu Dhabi University (ADU) to establish the UAE’s first metallurgical laboratory specialized in steelmaking. The laboratory will contribute to enriching the educational experience in this discipline and conducting advanced...

The two tranches comprise US$ 1.75bn five-year Trust Certificates with a 4.40% yield and US$ 1.5 billion 10-year Trust Certificates with a 4.70% yield

Elon Musk threatened Monday to withdraw his bid to buy Twitter, accusing it of failing to provide data on fake accounts, in the latest twist in the Tesla billionaire's push to acquire the social network. Twitter has breached its "obligations under the merger agreement and Mr. Musk reserves ... his right...

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.

Jordan Prime Minister Khasawneh said the healthcare project serves as a launchpad for future investments mentioned in the Jordan Investment Fund Law.

Apple opened Monday its first in-person developers conference since the onset of the pandemic with chips, maps and a way to delete precipitously sent messages, but was mum on any virtual reality offerings. The tech giant touted new features and capabilities being built into the operating systems running iPhone, Apple...

Amman Chamber of Commerce (ACC) said that the total value of exports during the January-May period 2022 amounted to JD339 million, compared to JD248 million for the first five months last year. According to the ACC's statistical data announced on Sunday, the number of ACC certificates of origin issued during...

The Qatari Businessmen Association discussed investment cooperation with Mohamed Abdel-Wahab, CEO of Egypt’s General Authority for Investment and Free Zones. On a visit to Doha, Abdel-Wahab agreed on coordinating field visits to the Qatari business community to Egypt to discuss investment opportunities. Abdel-Wahab reviewed the investment opportunities for Qatari investors,...

Qatar Central Bank is working on designing a new strategy for financial technology and intends to launch it during the last quarter of 2022

Asian markets were mixed Monday following a steep drop on Wall Street in response to a forecast-topping US jobs report that gave the Federal Reserve room to continue hiking interest rates.

Some commercial marinas in Saudi Arabia would be allowed to issue yacht sailing permits which would help develop cruises in the Kingdom’s territorial waters

Spain’s experience and expertise in tourism has already helped Saudi Arabia and more Spanish businesses will hopefully join the leading tourism players already working with the kingdom, Saudi tourism minister Ahmed Al Khateeb has said. “I was very pleased to share our vision and plans with Spanish businesses in Riyadh...

The study stresses the need for digitally delivered financial inclusion; and for using this as a platform to distribute health and education services to the masses.

Masdar has signed an agreement with Azerbaijan to develop clean and renewable energy projects in the country with a combined capacity of 4,000 MW.

Australia's federal court ordered Google on Monday to pay more than $500,000 in damages to a politician after finding he had been defamed by a comedian's videos hosted on YouTube. John Barilaro was deputy premier of the state of New South Wales in 2020, when an Australian comedian known as...

Emirates Development Bank (EDB) will participate in Bonds, Loans & Sukuk Middle East, the region’s largest gathering for the corporate and investment banking industry.

The Labor Ministry has made a lot of efforts to ensure that Qatari nationals get employment in private sector companies and institutions in the country

Jordan's trade balance with the United States registered a surplus of JD105 million ($147.85 million) in the first quarter of 2022, according to the latest foreign trade statistics. Data released by the Department of Statistics on Sunday noted that the national exports to the United States increased by six percent...

The Ooredoo subsidiary said it will pay $9.3 million on June 22.

Jordan’s wholesale price index in Q1 2022 increased by 5.66 percent, reaching 102.64 points against 97.14 during the same period of 2021. According to the Department of Statistics' (DoS) quarterly report issued Sunday, the rise was mainly driven by the increase in the group price of fuel, minerals, and construction...

The Ministry of Energy and Mineral Resources on Sunday inked an MoU with a local company to explore for copper in the Dana region of Jordan's south. Another MoU with a Turkish company was signed to explore for gold in the Abu Khashiba region, also south, media reports said. The...

Kuwait's Ambassador to Turkey and several Kuwaiti organizations have supported the concept of Core Istanbul

The deal worth $185m makes PIF a strategic investor in the group.

Saudi Arabia's Center for Attribution and Liquidation, or Infath, has said that between June 7 and 15, it will be holding five public real estate auctions in Riyadh and Madinah, with areas exceeding 100,000 square meters. Auctions display 117 real estate assets, including commercial, residential, and agricultural lands, villas, and...

Saudi ACWA Power Co. has signed a power purchase agreement with Saudi Power Procurement Co. for the Layla PV Solar project worth $107 million.

German carmaker Mercedes-Benz is recalling nearly one million older vehicles worldwide due to a potential problem with the braking system, the federal transport authority (KBA) said.

An outbreak of foot-and-mouth disease in the West Bank early this year has killed thousands of livestock, pushing Palestinian farmers already living under occupation to the brink of bankruptcy.

Dubai Airports new waste management program will prevent 60 percent of all waste from entering landfills by the middle of 2023

Qatar's Ministry of Labor says the new electronic services will streamline procedures and ensure better quality of services

World food prices dipped in May for a second consecutive month after hitting a record high in March, although the cost of cereals and meat rose

Saudi Arabia has partnered with Novartis, the Swiss pharmaceutical company, to ramp up the kingdom's bio pharmaceutical capacity.

Twitter said that the deal for Musk to acquire the company was a step closer to being sealed with the passing of a deadline.

Ankara has also offered to help secure maritime corridors for the export of Ukrainian grain therefore Russian Foreign Minister Sergei Lavrov is coming to Turkey on Wednesday to discuss the issue.

A 52-year-old Briton has been arrested in Dubai over a $1.7 billion dividend-tax fraud case in Denmark, the Gulf emirate's police said Friday. "Dubai police have arrested Sanjay Shah, a suspect in a 12 billion Danish krone ($1.7 billion) dividend-tax fraud case in Denmark," the police tweeted.

The Barakah Plant will help in the decarbonization of the power sector in the UAE and the Arab World

About 25% of ransomware data theft attacks in the GCC are reported from the UAE followed by Saudi Arabia (15.5%), Qatar (7%), Oman and Kuwait (2% each), and Bahrain (1%).

Wafi will also operate car services for Shell Global in  the kingdom.

Restaurants and hotels that were decimated due to Covid-19 showed a strong recovery in May, adding 84,000 positions, the data showed.

The UAE succeeded in attracting more than $20.7 billion of Foreign Direct Investment (FDI) in 2021, which reflects the confidence of investors worldwide in the country's economy, said UAE’s Minister of Economy Abdullah bin Touq Al Marri. This came during his keynote speech at the UAE-Kyrgyzstan Business Forum, which was...

The Taliban have tasked a United Arab Emirates firm with the security screening of passengers and luggage at Afghan airports, officials said, as the country seeks to expand international flights. While some domestic and international flights are operating out of the capital's only airport, significant support is needed for major...

Saudi Arabia's finance companies have provided a whopping $18.96 billion in personal finance loans to the kingdom's citizens during the first three months of the current year, posting a 4.4 percent jump over the previous quarter.

Israel's Diamond Exchange is home to some 30 Indian companies making India the foreign nation with the biggest number of firms on the bourse. Most Indian diamond families, about 80 people, live close to the diamond exchange in the city of Ramat Gan, and many stay in the same building.

Prosecutors in Algeria on Thursday said ex-football star Rabah Madjer should be jailed for 18 months, during his ongoing trial for fraud.

An auto repair garage in Saudi Arabia is turning to an untapped source for new car mechanics: Saudi women, who just four years ago weren't even allowed to drive.

Jordanian companies forged trade partnerships during their participation in the APAS Show 2022, an annual food and beverages exhibition held southeast of Brazil in Sao Paulo. Seven companies participated in the Jordanian pavilion, which was organized by the Jordanian-Brazilian Business Association and Jordan Exports, a public-private institution that coordinates national...

The facility will be the world's largest solar process heat plant.