Stock markets sank Monday on growing concerns that lockdowns in China aimed at fighting a worsening Covid outbreak could threaten the country's economy and global supply chains. The losses extended a sell-off last week fueled by comments from Federal Reserve indicating officials will hike interest rates by half a point...

Twitter is reconsidering Elon Musk's buyout proposal, with discussions between the two camps ongoing Sunday, The Wall Street Journal reported, after the billionaire said Thursday he had secured the necessary funding. "Twitter is taking a fresh look at the offer and is more likely than before to seek to negotiate,"...

Bahrain has announced a ban, effective from September 19, on selling, manufacturing, circulating and importing single-use plastic bags, which are less than 35 microns in thickness. Minister of Industry, Commerce, and Tourism Zayed bin Rashid Al Zayani said that the decision aims to support environmental protection initiatives and limit the...

For the first time, direct investments supervised by Qatar Development Bank in SMEs has exceeded QR 100 million ($27 million). The total amount of direct and indirect investments in the bank’s portfolio has reached QR 220 million, supporting nearly 100 companies operating and providing highly skilled jobs and innovative services...

The National Cybersecurity Authority is organizing the annual event under the theme Rethinking the Global Cyber Order.

Tech platforms create walled gardens where buyers and sellers are protected from cybercriminals and fraudsters, and standards of quality are guaranteed.

Hours before the flight, the airline said on its Facebook page that "it has not yet received operating permits," and expressed "deep regret to the travelers for not being allowed to operate."

The economic opportunities and jobs created by the Metaverse will revolutionize how we work, socialize, play, and earn, says Sebastien Borget, COO and cofounder of The Sandbox.

Online payments giant Stripe on Friday said it will start letting Twitter stars get paid in a dollar-pegged form of cryptocurrency in the latest endorsement of digital money.

The European Union early Saturday finalized new legislation to require Big Tech to remove harmful content, the bloc's latest move to rein in the world's online giants.

The Equatorial Guinea-flagged Xelo was thought to have been carrying 750 tons of diesel when it went down en route between Egypt and Malta on Saturday.

The total number of factories that began actual production in Saudi Arabia reached 261 in March, with investments reaching $1.6 billion.

Buna and PAPSS will act as payment gateways that link the Arab region to the African continent

Britain's competition authority had stopped the FB-Giphy merger.

Global stock markets slid Friday after the Federal Reserve warned of an aggressive tightening of monetary policy to tame runaway inflation. Wall Street was also glum shortly after the opening bell as the Dow sank 0.9 percent while the S&P index and the tech-rich Nasdaq were showing smaller losses.

The company said it added about $653m to Abu Dhabi's economy.

The stock exchange established Shariah Advisory Committee.

About 2,145 real estate and property transactions worth AED 6.3 billion ($1.71 billion) were conducted in Dubai during the week ending 22 April, according to the Land Department of the Government of Dubai. A total of 250 plots were sold for AED1.12 billion, and 1,436 apartments and villas were sold...

More than a dozen Chinese coal power projects overseas were cancelled after a ban last year on funding such plants, but loopholes could allow 18 others to still go ahead, according to a study published Friday.

The so-called "poison pill" Twitter has proposed to use against Elon Musk's potential hostile takeover is a mechanism with a proven track record that could force the outspoken entrepreneur into negotiations.

The bank said it continued to maintain a strong liquidity.

The agreement was signed between, Dubai Aviation City Corporation and Dubai South Executive Chairman Khalifa Al Zaffin and Discovery Land Founder and Chairman Michael Meldman. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, and Chairman and Chief Executive of Emirates Airline and Group, was present at...

The MoU is expected to help the commission as well as the company to support Saudi fashion designers.

Nestle raised prices due to inflation, and signaled more hikes.

Carbon credits can be traded on legal carbon markets, such as the Emissions Trading System of the European Union. They can also be generated and traded on voluntary carbon markets worldwide, with examples developed in Singapore, Sydney, New York, and London.

Touchdown Aviation (TDA) will provide Etihad Engineering supply chain solutions locally in Abu Dhabi, to ensure the availability of high demanded aircraft parts. Etihad Engineering signed a Component Agreement with TDA, a global specialist in the supply, loan, exchange, and repair of aircraft components, regarding the same. Frederic Dupont, Vice...

Abdullah Al-Sudairy will hold the dual posts of CEO and MD.

Qingdao (China) and Sokhna (Egypt) among strong performers.

The bank said it was the highest quarterly profit since 2019.

Italy is ethically obliged to stop buying Russian gas "soon" as the payments are funding the Ukraine war, the country's Ecological Transition Minister Roberto Cingolani said in an interview Thursday. The minister is currently on a two-day trip to Angola and Congo Republic seeking energy deals as Italy scrambles to...

The UAE and South Korea have signed an agreement to boost ties between the two countries to develop entrepreneurship and scale up relationship between SMEs. The MoU was signed by Abdullah Al Saleh, Under-Secretary of the Ministry of Economy; and Kim Ki-mun, Chairman of KBIZ, in the presence of Dr....

The holiday will last till the third day of the month of Shawwal, which is yet to be declared.

The company saw revenues increase by 8.2 percent.

The company has chosen MAN Energy Solutions to provide 25 sets of biofuel generators for the sustainable tourism destination.

Earlier this month, Elon Musk made an unsolicited bid of $43 million for Twitter, citing better freedom of speech as a motivation.

Now, hotel bookings will rise for Eid Al-Fitr, with Gulf markets predicted to see a considerable spike in travel bookings from April 28 to May 5, 2022, which coincides with the resumption of large exhibitions in several GCC capitals.

Tesla shares rose 5% to $1,026.99 in after-hours trading.

The uplift in overall performance was primarily driven by beachfront and luxury developments.

Senior Public Prosecutor Leif Gorts confirmed that the investigation had been launched following reports of potential corruption between 2011 and 2019.

It also seems to be extremely helpful for customers who want to pay for a purchase in installments or make payments later, but do not qualify for credit cards. However, they have to be able to qualify for the BNPL schemes being offered, with criteria including a good credit score.

Al Seer Marine and BGN International sign the $134 million financial transaction.

These solar projects in Morocco were part of a large international tender.

The Swiss banking giant said it has taken a hit from the Ukraine war, litigation.

The Saudi developer reports $37m net profit in Q1.

The strategy will see the company launch 100 new products.

European car sales sank in March as Russia's invasion of Ukraine added more problems to a sector already struggling with shortages of semiconductors, industry data showed Wednesday. Passenger car registrations fell 20.5 percent compared to the same period last year, with 844,187 units sold, according to the European Automobile Manufacturers'...

Dubai Financial Market (DFM) announced today that HSBC has become the first international General Clearing Member (GCM) to join the market, enabling the bank to provide clearing and settlement services to its customers worldwide and to other DFM trading members. The introduction of GCM service on DFM by HSBC is...

The company's first quarter sales jumped nearly a fifth.

The agreement is said to align with the objectives of the Fashion Commission to enhance collaboration and empower the sector within Saudi Arabia.

Meanwhile, Italy is also looking into buying or renting two floating storage and regasification units (FSRU) to allow it to import more LNG. Diversification will not be cheap, warn experts, who foresee extra taxes passed on to businesses and families.