The commercial exchange between Saudi Arabia and Austria has grown from around SAR 1.8 billion ($479 million) in 2005 to almost SAR 3.3 billion in 2020, while the kingdom is the export destination and the main trading partner of Austria in the Middle East. This was revealed during the visit...

The retail electronics sector has proliferated in GCC countries, with demand rising not only due to the urge to own the latest technologies but also because more and more people are working and learning from home, he adds. Dubai Chamber, meanwhile, has claimed ecommerce businesses might generate up to $8...

An Emirati cargo ship sank in Gulf waters off Iran, triggering a search and rescue operation in heavy seas Thursday which recovered all but one of its 30 crew, Iranian media reported. "All but one of the 30 crew members have been rescued," the crisis management director for Bushehr province...

Under the Virtual Asset Regulatory Authority (VARA) initial regulatory phase, Binance will be permitted to extend limited exchange products and services to pre-qualified investors.

Saudi Arabia’s National Debt Management Center has closed the March 2022 issuance of Saudi riyal-denominated sukuk, valued at SR10.3 billion ($2.75 billion).

It is a first-of-its-kind center in King Abdullah Financial District.

The Saudi Electricity Co. has posted a 375 percent increase in net profit to $3.84 billion in 2021, according to a bourse filing.

Renewable energy company Masdar announced the formal start of construction for its 230-megawatt (MW) Garadagh Solar PV Plant in Azerbaijan, the Central Asian nation's first foreign investment-based independent solar power project. Masdar also signed agreements related to developing additional clean-energy projects across Azerbaijan. Masdar signed agreements to develop the Garadagh...

This comes as Etisalat aims to expand its footprint in Saudi Arabia.

The year 2022 marks the 50th anniversary of the company.

GCC companies should work closely with digital and software companies to expedite digital transformation, says Fahad Al Hassawi, CEO of du, in an exclusive interview with TRENDS.

In a first, the state-owned DEWA will be listed on the Dubai Financial Market by April as part of Dubai's drive to list ten companies in an attempt to revive the stock market.

Emirates will offer multiple daily and weekly flights throughout Australia, India, Philippines, Thailand and South Africa, many of which are home to thriving Jewish communities.

Foxconn Technology Group and Saudi Arabia are expected to jointly build a $9 billion facility that can make microchips, electric-vehicle components and other electronics. Foxconn, which is a supplier to Apple Inc, did not immediately respond to a request for comment, official sources said. According to reports, the Saudi authorities...

Egypt and American Defense company, Lockheed Martin, have discussed ways to enhance cooperation.

Cryptocurrency exchange platform Binance, one of the world's largest, said Tuesday it had been granted an operating license in Bahrain, its first in the Gulf. The Emirate this month also announced the adoption of a virtual assets law and the creation of a crypto asset regulatory authority.

Emirates NBD has taken the lead in supporting upcoming initial public offerings (IPOs) on the Dubai Financial Market (DFM) with the launch of an end-to-end IPO subscription website for individual investors. The initiative is aligned to the recent announcement by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler...

The total dividend paid for 2021 now stands at 8 fils.

It will set up facilities along the Arabian Gulf and the Red Sea.

The UAE advanced to 15th place globally in the overall Global Soft Power Index ranking, up from last year's 17th in 2021. The index interviewed more than 100,000 people from 101 countries worldwide to assess the various axes of soft power and its positive influence.

The company’s net receivables ratio of 15.4 percent is at an all-time high, reflecting a strong emphasis on generating free cashflows.

The forum witnessed the attendance of businessmen and owners from the Kingdom and the GCC countries and employees of the Chambers of Commerce.

The festival is organized by the SCCI in cooperation with local government departments, bodies, institutions, and the private sector.

The Ever Forward ran aground in the Chesapeake Bay in the US.

The agreement is said to have been formally signed in Qatar’s capital city Doha.

The Moroccan government faced weeks of pressure over rising prices, in a country heavily dependent on imports of energy and cereals.

Lebanon's energy industry sees a loss of up to $2bn every year as state treasury pays over $50bn in advances to Electricité du Liban. Can solar power offer relief to general public?

Art auctions saw a record year in 2021 with $17.1 billion (15.6 billion euros) in sales as the market continued its rapid growth in Asia and recovered from its coronavirus slump, experts Artprice said Monday. The figure marked a 60-percent increase on 2020, when sales were hit by the initial...

E-commerce in the UAE surged to over $5 billion in 2021 and is projected to surpass $8 billion by 2025, according to a data released by EZDubai, a dedicated e-commerce zone in Dubai South, in partnership with Euromonitor International, a global business intelligence, market analysis and consumer insights provider. More...

Art Dubai, the Middle East's largest annual contemporary art fair, has featured for the first time digital works, as the wealthy Gulf emirate seeks to position itself as a crypto-assets hub.

NYU Abu Dhabi (NYUAD) will host the region’s first-ever Quantum Computing International Hackathon with a focus on innovation, entrepreneurship, and advanced industries.

Saudi Ports Authority has posted a 17.5 percent increase in its general cargo's volume of tons in 2022, compared to the same period in 2021.

The two companies will collaborate on aviation services.

Jadwa Investment of Saudi Arabia has launched a new Shariah-compliant real estate fund to the tune of $800 million. The company manages a portfolio of property worth $3.36 billion.

Sadara Chemical Co., a joint venture between oil major Saudi Aramco and US Dow Chemical Co., has posted a net profit of SR3.1 billion in 2021, a bourse filing revealed.

New corporate laws and business-friendly policies give start-ups an upper hand in the UAE as they are predominantly created and led by millennials and Gen Z individuals.

The pharmacy chain operator collected $500 million from shares buyers.

Paytm shares nosedived 13 percent Monday after Indian regulators banned the beleaguered payments platform from enrolling new customers and reports its founder was arrested for crashing into a police car.

The move comes after Facebook and Twitter were blocked in early March as part of sweeping efforts by Moscow to control information available to Russians.

The companies will expand regional operations, boost production capacity.

The decision to raise the percentage of foreign investment in public companies is one of the most important steps to include the market in global emerging market indices,

Royal Air Maroc took off from Morocco's economic capital Casablanca bound for Tel Aviv on Sunday, in the carrier's first direct flight to the Jewish state since the two countries normalized ties in 2020. Aviation sources and local media sources said a Moroccan business delegation was on the inaugural flight,...

Jordan’s trade balance deficit with the European Union countries expanded by 12.9% in 2021 compared to 2020.

Bahrain and the Netherlands discussed ways to strengthen cooperation and boost the youth sector in both countries through exchange of expertise and experiences.

Britain on Sunday defended lobbying Saudi Arabia to up its oil output as energy sanctions on Russia hit Western consumers, after the Gulf kingdom executed a record number of prisoners.

Arabian International Healthcare Holding Co., also known as Tibbiyah, has posted a fourteen percent drop in net profit to $21 million in 2021.

Saudi Arabian Military Industries (SAMI) will hire more staff and most of them will be women in order to support diversity and inclusion. The company intends to hire some 1,500 people in the coming weeks.

Sweeping social reforms, including lifting the infamous ban on women driving, have transformed life for many Saudis, but rising costs are increasingly problematic.

The key trading link is setting new records, said the government, quoting the Suez Canal Authority.

The residential complex is located in Bir Al-Souk in Morocco.