The GCC's main indices closed higher toward the end of week, spurred by higher oil prices. The Saudi index "TASI" reached 13,314 points, achieving an increase of 0.4 percent on Thursday, its last trading day. At the same time, the Dubai index increased by 0.2 percent during the week as...

The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has said that the Abu Dhabi's markets are completely free of Kinder products suspected of being linked to food poisoning in a number of European countries due to salmonella infections. In a statement, ADAFSA explained that as soon as they receive...

Credit rating agency S&P Global Ratings on Saturday downgraded Russia's foreign currency payments rating to "selective default" after Moscow paid a dollar-denominated debt in rubles this week.

Saif Ali Al Dahbashi will be the CEO of AL TAIF, an EDGE firm.

Taaleem, the Dubai school operator, is in initial stage of talks with banks for an initial public offering in Dubai.

Iran's Revolutionary Guards have seized a foreign boat smuggling fuel in the Gulf and arrested its 11 crew members, a senior justice official said Saturday.

The two bourses have been adhering to the Monday-to-Friday workweek — the norm across most of the world — since the beginning of the current calendar year.

The first phase of the project is expected to be set up on a total area of 37,000 square meters.

A North Sea oilfield project off Scotland's coast opposed by environmentalists and paused after energy giant Shell decided to exit the Cambo initiative has been boosted by an Israeli takeover. Ithaca Energy, owned by Tel Aviv-listed Delek Group, announced late Thursday a deal to buy Siccar Point Energy for an...

It is caught in a political tug of war, with the president on one side.

The crypto-creation center would be located in west Texas and equipped with Tesla solar panels and batteries.

They are concerned about his influence on the company board.

The UAE has earned a unique distinction of becoming the only Arab country to be propelled into the premier club of nations with the most technologically advanced governments.

The firms aim to burnish their green technologies and ambitions.

A total 2,012 real estate transactions worth 5.3 billion ($1.44 billion) were conducted in Dubai during the week ending April 8, 2022. According to figures released by the Dubai Land Department, 236 plots were sold for AED 1.07 billion, while 1,415 apartments and villas were sold for AED 2.96 billion....

The Ministry of Municipal, Rural Affairs and Housing of Saudi Arabia has asked owners of vacant plots of land to fence their property before July 01, 2022, to avoid a fine of $26.6 for every square meter. The ministry intends to beautify the urban landscape, protect property from encroachments, reduce...

SAMA, the Saudi Central Bank, has directed banks in the kingdom to put a stop to the opening of online accounts for individuals or institutions as part of new security measures.

The company said the fault could increase the risk of vehicle collision.

The hike to SR1.336bn will be used to fund expansion plans.

The MoU will enable the two companies to deepen the focus on R&D, aiming at both conventional and green technologies.

Beijing has refused to budge from its strict zero-Covid strategy, and that has forced many companies to halt production and slow new projects, while those still operating are struggling with a shortage of truck drivers on top of onerous permit and Covid testing requirements.

Takeoff is set for 11:17 am (1517 GMT) from the Kennedy Space Center in Florida on a SpaceX rocket.

The accelerated growth recorded in February 2022 compared to a year ago, is helping passenger demand catch up to 2019 levels.

The Japanese firm will now weigh the possibility of going private.

Nations and their companies have axed business ties with Russia over Ukraine.

EU travelers who book flights through a European airline can claim compensation in the event of a major delay of the connecting flight -- even outside Europe, a court ruled on Thursday. In its judgement, the European Court of Justice said that the entirety of a journey that was subject...

The two will explore potential collaboration in the aluminum value chain.

Enhanced legal protection will be provided to persons who report financial misconduct internally within the entities regulated by Dubai Financial Services Authority or externally to their auditor, the DFSA or a law enforcement agency. The enhanced protection comes after DFSA launched its regulatory regime for whistleblowing, which is the first...

dnata announced expansion of its European footprint through the planned acquisition of Germany-based Wisskirchen Handling Services (Wisskirchen). Subject to government approval, dnata’s entry into the German market will further develop its position as a leading global cargo services provider. Wisskirchen is the exclusive operator of the Cologne Bonn Cargo Centre,...

The agreement aims to create joint media sponsorship opportunities that serve both sides and to establish specialized media publications

Amazon is accused of using merchant info for its own products.

Blockchain expert Kim Grauer offers insights into why people fall prey to scammers, how they can protect their crypto assets and recover the pilfered digital currency.

The Middle East and Africa can add 14 gigawatts of new wind power capacity in the next five years, according to latest Global Wind Report by the Global Wind Energy Council (GWEC).

An Artificial Intelligence center will be set up at King Abdullah University.

The European Central Bank has voiced its concern that cryptos can be used to evade Russian sanctions. But, the co-founder and CEO of Binance, the world’s largest crypto exchange by trading volume, said cryptos cannot be used to dodge sanctions.

JetBlue Airways announced Tuesday a bid to acquire Spirit Airlines for $3.6 billion, setting up a bidding war with Frontier Airlines in the discount flying market.

Al Moammar and Saudi Fransi Capital sets up a private fund.

The United States, in coordination with the G7 and European Union, will ban "all" new investments in Russia on Wednesday in its latest round of sanctions, a source said. The joint measures, in response to Russia's invasion of Ukraine and alleged carrying out of atrocities, "will include a ban on...

Around 40 free zones in the UAE are likely to attract more investors and FDI after they were declared exempt from the upcoming corporate tax regime, experts tell TRENDS.

Qatar Development Bank (QDB) announced the launch of a version of the "Al Dhameen" program for micro-enterprises, for the first time in the country. Al Dhameen program for micro-enterprises is characterized by a profit rate and distinct conditions. This contains guaranteeing 100 percent of the value of the financing, and...

The acquisition includes retail banking and credit card.

Palestinian lawyer Salah Hamouri, who is in Israeli detention, filed a complaint in France Tuesday against surveillance firm NSO Group for having "illegally infiltrated" his mobile phone with the spyware Pegasus.

Satellites in low orbit to provide internet service to people below.

The Dubai Gold & Commodities Exchange (DGCX) recorded a monthly Average Open Interest (AOI) of 134,154 contracts during the month of March, and registered trading volume with a total value of $15.74 billion. In response to further inflation, policy decisions and continued geo-political conflict around the globe, there was a...

Of recent, Islamic banking has been getting quite a boost from governments and financial institutions in the Gulf Cooperation Council.

The MoU places an emphasis on technologies pertinent to financial services, regulation and supervision.

The Saudidates platform is expected to help the center promote digital transformation and digitize markets and the entire sectors.

The investment is worth $2.9 billion based on Friday's share price.

Exponential growth in the trade of the amphetamine-type stimulant captagon poses an increasing health and security risk to the region

Iran's oil production capacity has returned to the same level as prior to the reimposition of sanctions in 2018, when the US unilaterally withdrew from a nuclear deal, a top official said. The country is currently engaged in negotiations to restore the 2015 nuclear deal that would grant it much-needed...