Under the agreement, a 100MW solar plant will be built in Tunisia.

The Sharjah Electricity Water and Gas Authority (SEWA) will start to provide electricity to the Al-Arqoub area, aiming to meet the needs of consumers.

The projects that the SFD contributes to financing through loans and grants in Pakistan amount to around SAR5 billion ($1.33 billion).

Both services face a campaign by activists to use online reviews of businesses such as restaurants to get news of the war to Russians being fed information from the government.

Jordan is counting on the World Bank's support to strengthen Jordan's social protection network, increase job opportunities.

Helium is used in the manufacturing of semiconductors, and its shortage is expected to exacerbate the paucity of computer chips.

In a statement issued Thursday, the AIIB said that "in the best interests of the bank, management has decided that all activities relating to Russia and Belarus are on hold.

It will distribute cash dividends of QAR0.01 per share.

The economic ties between the UAE and India have been reinforced by growing trade between the two countries that stood at $60 billion in 2019. It is now estimated to touch $100 billion by 2030, a far cry from $180 million in the 1970s.

The World Bank has reported that Bahrain’s score improved to 73 percent in women’s economic participation and gender equality from 2018 to 2022. The report was compiled by World Bank Group’s Women, Business and the Law 2022. This report examines laws and regulations that restrict women’s economic inclusion in 190...

Policymakers, business leaders, and industry experts from the energy industry will converge in Dubai next week to participate in Middle East Energy, formerly Middle East Electricity. The event will take place at the Dubai World Trade Centre, from 7th-9th March, under the theme, "Guiding you through the energy transition". It...

Capital Bank of Jordan has made its first-ever bond listing of $100 million on Nasdaq Dubai, the Middle East's international financial exchange.

The German carrier said it cut its losses by two-thirds in 2021.

From his shock detention to an audacious escape from Japan hidden in an audio-equipment box, the rollercoaster saga of former Nissan boss Carlos Ghosn has grabbed headlines worldwide.

E-commerce titan Amazon on Wednesday confirmed plans to close its bricks-and-mortar bookstores and pop-up shops in order to focus on the Whole Foods grocery chain and retail outlets featuring its latest auto-checkout technology. According to a spokesperson, the company will shutter its Amazon 4-star, Books, and Pop Up stores. Amazon...

Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Proman, one of the world's leading producers of methanol, to develop the UAE's first methanol production facility at the TA'ZIZ Industrial Chemicals Zone in Ruwais, Abu Dhabi.

The company recorded 27 percent YOY rise in freight carried.

Traders were given a much-needed shaft of light on Wednesday when the Fed boss eased concerns over its plans for tightening policy.

The $32.13m contracts are aimed at development in Masaar.

The Dubai World Dermatology and Laser Conference and Exhibition (Dubai Derma 2022) concluded its 21st edition on Wednesday, and registered total business deals worth more than AED2 billion ($540 million). The volume of business deals highlights the event’s ability to offer a platform for new partnership and investment opportunities for...

The company has already paid $500m in quarterly dividends.

Kyiv has around 20 Bayraktar TB2 drones, built by the Turkish military. Relatively cheap and effective, President Recep Tayyip Erdogan has been their number one salesman, securing deals with around 15 countries around the world.

The office is located in Al Ghilaila Building, overlooking the Fujairah corniche.

The Suez Canal has seen a fifteen percent jump in business as ships carrying wheat and gas have filled the waterway in recent months.

Saudi energy giant Aramco's shares rose to a record high on Wednesday amid a surge in global oil prices following Russia's invasion of Ukraine. The Gulf kingdom -- the world's top crude exporter -- has remained the firm's majority shareholder since a December 11, 2019 listing.

The company signed several contracts in Data and Mobility solutions businesses.

Sweden's Ericsson said Wednesday that US authorities have found its disclosures about an internal inquiry into its conduct in Iraq, including suspected bribes to the Islamic State group, "insufficient".

Romanian business leaders were speaking at Romania-UAE Business Forum at Expo 2020 Dubai.

It has stopped its Moscow operations and support for Russian airlines.

The transaction was done by Merak Capital.

Apple Pay and other services are also limited in Russia.

It has offices in Moscow and St Petersburg with 1,000 employees.

Named Moyasar Financial Company, the new entity is expected to provide ecommerce payment services.

In an exclusive interview, Tel Aviv Stock Exchange CEO Ittai Ben-Zeev speaks on his strategy to attract investors from the Arab world, especially the UAE and the GCC.

Eni will sell its stake in Blue Stream following moves by rivals BP and Shell to divest from Russia-linked projects after Moscow invaded Ukraine.

Saudi Arabia's Ministry of Environment, Water and Agriculture (MEWA) has inaugurated the first Saudi farm exporting Murciano goats in Riyadh. Agriculture Agency represents MEWA and the farm was inaugurated in the presence of Ministry's Undersecretary for Agriculture Eng. Ahmed bin Saleh Al-Ayada. The livestock breeders received the license for the...

The UAE's Department of Municipalities and Transport (DMT) said that service fees for real estate units’ owners and investors in development projects were reduced by 26.4 percent during 2020 and 2021. In 2020, the service charges were reduced by 18.1 percent, with another 8.3 percent reduction introduced in 2021. The...

Qatar Airways has secured an injunction preventing Airbus from cancelling deals for other jets as the two are involved in a legal battle.

Companies holding the license will be able to work within a stimulating environment at the DIFC Innovation Hub.

Egypt's Suez Canal Authority announced Tuesday additional tolls for transiting vessels including fuel tankers, as oil prices soar in the wake of Russia's invasion of Ukraine. Petroleum gas tankers will see a 10 percent hike on passage fees while liquefied natural gas carriers and general cargo ships will incur a...

The two companies will form a joint venture company.

Media reports said Mubadala will be investing at least $50 million.

The Internal Auditors Associations of the UAE and Saudi Arabia have signed a cooperation agreement to work the internal auditing domain jointly. Abdulqader Obaid Ali, Chairman of the Board of UAE Internal Auditors Association, and Abdullah Saleh Al-Shebeili, CEO of the Saudi Internal Auditors Association, signed the agreement. Media reports...

Action followed after Russia's invasion of Ukraine.

Despite the global closures and economic crisis, the tourism sector in the Gulf region fared well in 2021 due to several factors such as the easing of restrictions and government support.

Italy imports around 95 percent of the gas it uses, and around 45 percent of that comes from Russia.

This regulation reportedly aims to improve the manner of the reporting of violations of the Capital Market Law and its implementing regulations.

A large number of kits of the PCR test has been manufactured and used across the world in general and the GCC in particular.

Diversifying, and strengthening local production structures is the most appropriate way to reduce inflation. Entrepreneurs and start-up companies may come forward to help their respective governments in finding more sustainable development solutions. The menace of inflation cannot be managed alone.

The squeeze on real incomes within the region due to higher inflation may depress regional trade flows. The situation may worsen further if the global central banks' attempts to control rising consumer prices, which will ultimately dampen global economic activity.