Moroccan truck drivers are observing a three-day strike in protest at spiraling fuel costs, a union said Tuesday, as oil prices spike over Russia's war in Ukraine.

Libya's National Oil Corporation said Tuesday that an armed group blockading two major oil fields had lifted its siege and that production had resumed at one of them.

Moody’s has depicted a bleak outlook for sukuks in the current year because of a spike in oil prices and lower financing needs in the GCC.

Saudi Arabia's first World Defense Show has seen the signing of 22 industrial partnerships with domestic and international defense companies with a value of SR8 billion ($2.13 billion), according to the show's founder. The General Authority for Military Industries (GAMI), which is also the regulator of the Kingdom’s defense sector,...

The White House said Monday that a US delegation held weekend talks in Venezuela with the government of President Nicolas Maduro that included a discussion of energy supplies as Washington looks for ways to reduce its imports of Russian oil. Venezuela's opposition also said it had met with the high-level...

Saudi military industries authority approved two projects to produce launchers and other equipment used in the THAAD anti-missile defence system.

The group’s net profit stood at AED216 million in 2021.

It will help DNI assess people and companies’ financial position.

In the wake of International Women’s Day, TRENDS highlights how courageous Arab women are making a difference in the business world through their position and experience.

Humaid Mohammed bin Salem, Secretary-General of the UAE Chambers said that the UAE's private sector plays a pivotal role in boosting cooperation with countries of the IORA.

Arab women leaders will share their success stories, challenges and opportunities at the Forum organized by Special Edition in Dubai on May 17.

Dubai Airports, the operator of Dubai International (DXB) and Dubai World Central (DWC), has announced the launch of the new Dubai Airports Women’s Network (DAWN).

The King Abdulaziz Port in Dammam recorded the highest daily container throughput at Saudi ports by handling a total volume of 18,020 TEUs on a single vessel. The port succeeded in achieving the feat through its integrated operational mechanism of maritime and logistical services. Additionally, the landmark milestone was reached...

The Emirati budget airline carried 5.6 million passengers last year.

Young entrepreneurs in Saudi Arabia will now have access to the National Business Innovation Portal, providing them with necessary tools to complete their projects.

The Project Finance Committee of the Sharjah Entrepreneurship Foundation (Ruwad) has approved AED300,000 finance for a project that will work in the field of health fitness services by providing an integrated environment with advanced specifications for exercise and sports. Ruwad said the approval was granted at the meeting, the second...

Saudi Arabia's Crown Prince Mohammed bin Salman has inaugurated the four-day-long World Defense Show in Riyadh, organized by the General Authority for Military Industries.

The Saudi manufacturer’s revenue rose 77 percent year-on-year.

Aluminium reached $4,026.50, the first time the lightweight metal had breached $4,000 per tonne.

AGL Australia's largest energy company said its board had over the weekend rejected a joint bid of $8.25 (US$6) per share from Cannon-Brookes, founder of the tech firm Atlassian.

Saudi Arabia has teamed up with China to manufacture unmanned aerial vehicle payload systems in the kingdom.

Yanbu Cement Co., one of Saudi Arabia's largest cement producers, has posted a forty three percent dip in net profit to $43 million in 2021.

Saudi Arabia has hiked oil prices for all regions after the crude oil prices soared to more than $115 a barrel over the ongoing crisis arising out of Russia's invasion of Ukraine.

Every Sunday Noori Sani welcomes his old friends around a bountiful Turkish breakfast in Istanbul. But surrounding him now are empty tables on his terrace at his restaurant by the Blue Mosque.

Saudi Arabia and Egypt have signed an agreement to strengthen cooperation between the two countries in the fields of telecommunications, frequency spectrum and human capacity building.

The Qatar-Nigeria Economic Forum kicked off in Lagos, the economic capital of the Federal Republic of Nigeria.

East Pipes of Saudi Arabia has secured a Shariah-compliant working capital financing of $133 million from Bank Albilad.

The humanoid robot Sophia, the world's first robot citizen, will arrive in Dubai on Tuesday, March 8, to participate in the largest smart conference for internal auditors, the 20th Annual Regional Audit Conference (ARAC) from March 7- 9. Sophia, which holds Saudi citizenship, will conduct an interactive session on the...

Tadawul Group has posted a seventeen percent jump in net profit to $157 million in 2021, according to a bourse filing. Tadawul owns Saudi Arabia's main stock exchange.

It has appointed Ahmed Obaid Al Qaseer to the post.

TechWorks is a Jordanian platform aimed at bringing together youth, ideas and resources to jump-start innovations.

Since Russia's invasion 10 days ago, the economic and humanitarian toll of the war has spiraled, sending more than one million people fleeing Ukraine. Officials have reported hundreds of civilians killed.

The option of barter trade was available to cement the mutual relationship between Iran and Pakistan, an Iranian envoy has said.

The project will see an investment of SAR3 billion ($800 million).

The cards would continue to work on Russian territory because all payments in Russia are made through a national system and do not depend on foreign systems.

Haoula considers it extremely important to sustain family businesses as a recognition for their efforts historically, and for the advantages they could bring to the future of the UAE. “The new legislation makes everybody [feel] welcomed, and that for sure will make it a very approachable place for employment and...

The Russia-Ukraine conflict and subsequent sanctions have increased risks to the global economic outlook, with effects that will depend on the length and severity of the crisis, Moody's Investors Service said in a report.

Malaa Technologies will launch its banking operations in Saudi Arabia after it obtained an approval from the kingdom’s central bank.

The Makkah Chamber of Commerce and Industry and Jordan have signed an agreement to boost economic ties between the two countries. The bilateral agreement aims to be worth more than $1 billion.

Hermes group runs three stores in Russia, including one in the Gum department store on Red Square, and employs 60 people in the country.

The UAE is the latest country to be added to the list, and will have to work closely with the FATF to get off it.

The rate of Iraq's exports during February amounted to 3.314 million barrels per day.

The announcement of the $2.2 billion investment came on the same day Tesla got the green light from local officials to start production at a new plant near Berlin.

The total number of real-estate transactions in Dubai stood at 2,131 for the week ended March 4.

The company will build the government’s data network.

Dubai Gold & Commodities Exchange (DGCX) registered trades with a total value of $13.681 billion in February 2022, as global markets responded to rising inflation, mounting oil prices as well as the Russian - Ukrainian conflict, which resulted in continued volatility during the last week of the month. The exchange...

Dubai International Boat Show (DIBS), which will be held from March 9 to March 13, will witness 34 launches and feature global marine attractions from more than 800 brands. This is MENA yachting industry's first international in-person event since the COVID-19 pandemic. It will run at Dubai Harbour. Exhibitors from...

Telecom Egypt has posted a net profit of $535 million for 2021, a seventy four percent jump compared to the previous year.

Al Arabia, an advertising firm, has posted a net profit of $55 million in 2021, a 718 percent jump compared to the previous year.

In the oilfields of southern Iraq, billions of cubic feet of gas literally go up in smoke, burnt off on flare stacks for want of the infrastructure to capture and process it.