It ended Q1 2022 with fewer subscribers than Q4 2021.

The GCC personal luxury market will continue to be on a ‘strong growth trajectory,’ Chalhoub Group Chief Strategy Officer (CSO) Jasmina Banda tells TRENDS.

The United States has asked Qatar to supply gas to Europe if Russian supplies were disrupted due to Moscow's military operation in Ukraine and the consequent Western sanctions.

Ras Al Khaimah Tourism Development Authority (RAKTDA) has achieved sixth place on the Best Workplaces List of 2022 – Small & Medium Organizations. The ranking is awarded by the Great Place to Work, the global authority that recognizes high-trust, high-performing workplace cultures. RAKTDA is the category’s highest placed government entity...

Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a Memorandum of Understanding (MoU) with Terminus Group, an international Artificial Intelligence of Things (AIoT) smart solution provider, to strengthen the company’s trade-related digital infrastructure projects in the UAE and its expansion into new markets. The agreement, signed...

UAE’s real non-oil GDP grew by 7.8 percent in the fourth quarter of 2021, owing to the easing of business closures and the decline in restrictions on international travel, the Central Bank of the UAE (CBUAE) said. The bank said there was a 9.3 percent annual increase in Emirati oil...

Omani companies, which are listed on the Muscat Stock Exchange (MSX), reported total net profits of $1.39bn for the year 2021, 3.7 percent less than the $1.44bn in 2020. The decline was due to a fall in net profits of four out of the top five sectors at the MSX,...

Total assets by the end of March grew by 8.7 percent YOY.

Nakilat noted that earnings per share amounted to QR 0.07 in Q1 2022.

According to the statement, a Jordanian-Azerbaijani Economic and Investment Business Forum will be held in the coming period

Saudi Home Loans to trade on Tadawul from April 20.

Tamimi Markets, Saudi supermarket chain, has teamed up with Japan's Mitsui & Co. and Italy's Zero SRL to develop the kingdom's first smart farms.

Profits in the first quarter of 2022 reached $106.78 million.

Jordan Minister of Investment, Khairy Amr, said the government seeks to turn Jordan into a destination for foreign and Arab investments.

The move comes as an extension of the Kingdom’s continuous support for the people and government of the Islamic Republic of Mauritania.

Its net profit increased 26.26% from the same period last year.

Rodi Kratsa-Tsagaropoulou, Mayor of Greece's Ionian Islands, explains how an enhanced cultural and tourism ties with UAE will be mutually beneficial for both countries.

The licensed plant will manufacture a variety of injectable human healthcare formulations such as vials, ampoules and prefilled syringes.

The membership of the Ajman Chamber of Commerce and Industry (ACCI) grew by 35 percent in 2021, according to Muhammad Ali Al Janahi, Acting Director-General of ACCI. Janahi said the increase in the number of members reflects the Chamber’s efforts in promoting Ajman’s economic fundamentals and investment opportunities available in...

Egypt will import wheat from India to compensate for the loss of wheat supplies from Ukraine and Russia, the north African nation's main sources of wheat. El-Said Marzouq El-Qosair, Egypt’s minister of agriculture and land reclamation, said this comes within the framework of the state’s efforts to secure new sources...

A person can rent out his vehicle on the ekar platform.

Dubai Logistics City Customs Centre completed 48,000 transactions and cleared goods valued at AED 1.6 billion in the first quarter of this year, said Sami Eisa, Senior Manager of the Centre. The Centre facilitates processes and operations of companies and traders, and in particular in the shipments of the International...

Grocery apps are witnessing a busy period during the Holy Month as scorching summer persuades customers to remain indoors while ordering their basic daily necessities with few taps on the smartphones.

NEPCO Director Amjad Rawashdeh has called the linkages a model for Arab countries.

The Bahrain-based firm looking to spend around €1 billion.

The Emaar Hospitality Group will open the resort in Q2.

The tanker XELO, carrying 750 tons of diesel from Egypt to Malta, sank in the Gulf of Gabes off Tunisia’s southeast coast.

The Saudi Central Bank, or SAMA, has launched licenses for consumer microfinance operations in the Kingdom. This follows the bank’s announcement of the third license for a consumer microfinance company in the Kingdom, Sulfah. Microfinance targets individuals and small businesses, including self-employed people, who may otherwise lack access to banking...

ADX, Abu Dhabi stock exchange, has rebranded its Second Market into a newly launched Growth Market, with a market cap of 62 billion dirhams ($17 billion), in a push for more privately-owned business listings. ADX said in a statement that as it replaces the Second Market, the Growth Market will...

A tanker carrying 750 tonnes of diesel fuel from Egypt to Malta sank Saturday in the Gulf of Gabes off Tunisia's southeast coast, a spokesman for a local court said. "The ship sank this morning in Tunisian territorial waters. For the moment, there is no leak," Mohamed Karray said.

Dubai Investments Co. has earned 50 million dirhams ($258 million) from the Emicool deal it concluded earlier. According to the company’s CEO, Khalid bin Kalban, the company will use the funds in debt reduction, paying exceptional profits to shareholders and making further investments. The company sold a 50 percent stake...

A rare rough ruby dubbed one of the world's biggest has gone on display for the first time ahead of an auction in Dubai.

From the UAE to Saudi Arabia, the main indexes made up for their losses as the week came to a close.

Most patients come from neighboring countries including Iraq and Afghanistan, Head of the tourism office at Iran’s Ministry of Health Mohammad Reza Tarjoman said.

The best brands take a cross-functional approach, embedding sustainability within divisions and business units while linking incentives to sustainability targets. These companies treat sustainability as if it were any other business process, Fabre adds.

The country’s external debt services went up 5 percent, from nearly TND2 billion ($666.69 million) to about TND2.1 billion ($700.02 million).

The total number of real-estate transactions that took place was 1,968, according to data from the Dubai Land Department.

Even for the richest person on the planet, buying Twitter was always going to be a challenge –- a highly complex financial transaction now made even trickier by a defensive "poison pill" move from the platform's board. Musk's $43 billion offer lays out the myriad potential pitfalls: possible government approvals,...

It is to ensure that he doesn’t get a controlling stake in Twitter.

While 44 percent of UAE residents want to retire from their jobs before they turn 55, most of them have not come up with any financial plan for their lives after retirement.

Masdar, one of the world’s leading renewable energy companies, has signed an agreement with Kyrgyzstan to explore the development of renewable energy opportunities in the Central Asian nation and support Kyrgyzstan’s clean-energy objectives. Bekmurzaev Doskul Djumagulovich, Minister of Energy of the Kyrgyz Republic and Abdulla Zayed, Head of Development and...

The throughput tonnage at Saudi ports increased by 7.18 percent during the first quarter of 2022, reaching a total of more than 74 million tons, according to Saudi Ports Authority (Mawani). The number of transshipment containers increased by 5.91 percent, with a total of 1.3 million TEUs. Mawani said Saudi...

Digital payments made through a mobile device accounted for 35 percent of all near-field communication transactions in Saudi Arabia in 2021, according to Saudi Payments. The share of payment transactions made using a mobile device in all NFC payments grew from 22 percent in 2020. The number of payment transactions using...

France and Algeria have been attempting to improve their ties after a diplomatic crisis.

The hack, which last month targeted players of the popular game Axie Infinity, was one of the biggest to hit the crypto world, raising huge questions about security in an industry that only recently burst into the mainstream thanks to celebrity promotions and promises of untold wealth.

Twitter's board said it would carefully review what it termed Elon Musk's ‘unsolicited, non-binding’ offer and decide on a course of action that was ‘in the best interest of the company and all Twitter stockholders,’ after the Tesla founder made an offer of $54.2 per share of the social-media platform.

Jose Mauro Coelho was appointed to the post for a one-year term.

The Dubai real-estate market recorded total realty transactions worth over AED1.7 billion ($463 million) on Thursday, April 14.

Abu Dhabi will host World Utilities Congress in May, bringing together more than 10,000 global utilities professionals to explore topics ranging from the future of low carbon power to water supplies. The World Utilities Congress will be held under the patronage of Sheikh Khaled bin Mohammed bin Zayed Al Nahyan,...

The German auto giant said operating profit rose to $9.3bn.