For the second time since the global financial crisis, the Middle East has surpassed Europe in terms of IPOs as regional investors seek liquidity from increased oil prices.

The International Energy Agency approved a third term for executive director Fatih Birol as the organization seeks a faster transition to clean energy, it said Friday.

The Abu Dhabi Stock Exchange achieved weekly gains of 1.7 percent, while that for the Dubai stock exchange was 1.9 percent.

The startup is scheduled to provide its customers with an integrated package of products and services that contribute to enhancing the last-mile delivery experience.

More than ever before, wealthy expatriates in the UAE as well as the world are pursuing citizenship options elsewhere.

Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a Memorandum of Understanding (MoU) with its Dutch counterpart Atradius Dutch State Business (Atradius DSB) to boost the bilateral trade and economic relations between the UAE and the Netherlands. The bilateral meeting took place at ECI’s branch office in...

SALIC of Saudi Arabia, a subsidiary of the PIF, has said it will acquire 35.43 percent of Olam Agri Holdings for $1.24 billion.

Qatar's top World Cup organizer has hit back at Louis van Gaal for criticizing the decision to hold the event in the Gulf state, saying the Netherlands coach has failed to understand the Arab world's passion for football. Many journalists and officials will be in the state on April 1...

The real estate and properties transactions worth AED6.8 billion ($1.85 billion) were recorded in Dubai during the week ending 25 March 2022, according to Dubai Land Department (DLD). The DLD weekly real estate report said a total of 2,461 transactions were made during the week. A total of 330 plots...

Trojena is the new mountain tourism destination whose establishment was recently announced by Saudi Crown Prince Mohammed bin Salman.

Multiply Group has said that it will be investing AED367 million into the Dubai Electricity and Water Authority's (DEWA's) initial public offering as a cornerstone investor.

The International Air Transport Association (IATA) on Friday said its annual general meeting in June would be held in Qatar instead of Covid-hit China. China is experiencing its worst coronavirus outbreak since the start of the pandemic more than two years ago, with Shanghai posting record-high case counts. "It is deeply...

A similar amount was paid for the first half of 2021 in October.

A giant diamond nicknamed "The Rock" went on display for the first time in Dubai on Friday ahead of an auction where it is expected to fetch up to $30 million.

The UAE-India CEPA will simplify customs procedures, reduce logistics cost and open new opportunities for professional services.

The "Digital Markets Act" (DMA) has sped through the bloc's legislative procedures and is designed to protect consumers.

The analysis by London-based think tank InfluenceMap found the world's 30 biggest listed finance groups provided $740 billion to fossil fuel producers in 2020 and 2021.

Abu Dhabi-based Alpha Dhabi Holding is a subsidiary of the IHC.

The firm plans to produce 30m hatching eggs by 2023 from 11m in 2021.

Saudi Vice Minister of Industry and Mineral Resources Eng. Khalid Saleh Al-Mudaifer estimated the total value of mineral wealth in Saudi Arabia at around $1.3 trillion.

The Jordanian Minister of Investment, Khairy Amr voiced Jordan's readiness to provide facilities for Indian investment in Jordan and invited Indian experts to his country for the purpose.

The recent rally across equities over the past week appears to have run its course for now as investors nervously track developments in the Ukraine war.

A 150-strong task force is working feverishly to keep supply flowing.

The plan has faced opposition from key investors.

During the meeting, prospects for collaboration between private sector institutions in the countries and ways to enhance them were reviewed.

The Department of Economy and Tourism (DET) in Dubai and du, from Emirates Integrated Telecommunications Company (EITC), have opened the Digital Business Hub.

ADQ of Abu Dhabi has partnered with Turkey Wealth Fund to launch Turkey Technology Fund that will invest in venture capital funds and high-growth potential companies in Turkey.

A cruise ship docked in a Tunisian port on Wednesday for the first time since 2019, carrying over 700 passengers and rare good news for tourism operators battered by the Covid pandemic.

Hub71, Abu Dhabi’s global tech ecosystem, said on Wednesday that its startup community secured AED 30 million ($8.1m) in 2021 through more than 20 corporate deals. Since its inception in 2019, the affiliated startups have bagged AED1.5 billion of investments and create about 1,000 jobs, while the aggregate valuation of...

Dubai’s real estate market recorded 474 sales transactions worth AED1.52 billion ($413 million) and mortgage deals of AED441.56 million, in addition to 11 gift transactions amounting to AED27.4 million Tuesday, data released by the Dubai Land Department (DLD) showed. The sales included 376 villas and apartments worth AED849.54 million, and...

A land bridge linking up the western part of Saudi Arabia with its eastern region will cost some $26 billion once all the factors have been taken into account.

Four Algerian and Chinese firms announced a nearly $7 billion deal on Tuesday to relaunch a phosphate mining project set to produce millions of tons of fertilizer annually. Under the new deal, Algeria's Asmidal, a subsidiary of state oil firm Sonatrach, and mining firm Manal agreed with Chinese firms Wuhuan...

Shuaa Capital, the Dubai-based fund manager, has set up a $250 million venture debt fund in order to shore up businesses and create jobs in the region.

Saudi Arabia accounted for 22 percent of GCC investments to Latin America during 2016-2021, followed by Qatar with 1 percent.

Survey analyses the impact of COVID-19 on small businesses, the key verticals of growth and the growing acceptance of digital payments.

It is hard to balance sustainable developments and what people want in the market, especially when it comes to pricing, Zazen One CEO Madhav Dar tells TRENDS.

The money will go in producing aviation fuel from waste.

Emirati entrepreneurs and national enterprises in Dubai won contracts worth AED 921.6 million ($250 million) from various local and federal government entities, semi-government bodies and private businesses in 2021 as part of the Government Procurement Programme (GPP). The value of the contracts was three percent higher than the AED 896.7...

Vietnam has signed economic, trade and scientific-technological cooperation agreements with five GCC countries.

The payout will be in the form of cash and bonus shares.

Libyan authorities reopened the war-torn country's skies for domestic flights on Tuesday, an aviation official said, two weeks after they were grounded amid a tense political standoff.

Elon Musk to hand over first 'made in Germany' Model Y car.

Warner Music Group has bought out Qanawat Music, the Middle East and North Africa’s leading music distributor, for an undisclosed sum.

Abu Dhabi National Oil Company (ADNOC) has entered into a partnership with German counterparts to speed up collaboration in clean hydrogen.

Six currencies account for 90 percent of transactions in the Arab world, said Dr. Abdulrahman bin Abdullah Al Hamidy, Director-General and Chairman of the Board of Executive Directors of the Arab Monetary Fund (AMF). The currencies are the Emirati Dirham, the Saudi Riyal, the Egyptian Pound, the Jordanian Dinar, the...

Aramco will start 140 new projects in the next three years.

Qatar Airways has denied that it owes Airbus $220 million in compensation for the rejected A350 aircraft. The Gulf carrier said that by refusing to accept two of the wide-body jets from Airbus it has in any way breached its contract with Airbus.

The pact is meant for operation of Soto Norte Gold Project in Colombia.

The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company.

The plant fiber reached $1.3171 per pound (about 453 grams) on the key US futures contract, the highest since July 2011.