The positive growth in results indicate the growing confidence of foreign investors and technology companies in AFZ's offerings in the sector.

This goal requires adopting new economic diversification strategies, in addition to supporting new economic sectors, said Minister of Economy Abdullah bin Touq Al Marri.

The new companies’ offices are in London, New York, and Hong Kong.

The World Bank and IMF warned on Thursday that Russia's invasion of Ukraine would have repercussions for the global economic recovery.

PP5 will increase Borouge’s PP annual production capacity by 25 percent.

The new trading office of PTT, Thailand’s largest corporation and the only Thai company listed in Fortune Global 500, was opened in Abu Dhabi Global Market on Thursday. The PTT Chairman, CEO and Board of Directors travelled to Abu Dhabi to mark the milestone, alongside representatives from ADNOC, IFAD and...

The Australian state of New South Wales (NSW) displayed its agri-food innovation and manufacturing capabilities to strengthen further its ties with the UAE at a dinner event held at the Australia Pavilion at Expo 2020 Dubai. The event was led by Vish Padmanabhan, NSW Senior Trade Commissioner to India and...

The Global Investor Consortium acquires 49pc stake in Aramco Gas Pipelines.

A conference that brings together Emirati investors and Israeli public companies listed on the Tel Aviv Stock Exchange (TASE) will be held in Dubai from Feb 28 to Mar 3. The conference, “Dubai Israel: Future Horizons Mission”, is collaboration between the UAE Embassy in Israel, TASE and the Dubai International...

The bank will arrange finances worth $541m for passenger transport.

The Arab oil and gas producers are likely to close the gap that could arise from the disruption of oil flows from Russia, according to the Institute of International Finance.

UAE’s biggest telecom operator Etisalat will now be called as e& after its rebranding on Wednesday, which was launched by Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs. The rebranding comes as the group seeks to become a global technology and investment conglomerate. Mansour...

GASTAT data said the value of exports amounted to SAR106.3 billion ($28.35 billion) in December 2021.

Deals worth more than AED2 billion ($544 million) were made by UAE’s Ministry of Defense during the fifth edition of UMEX and SimTEX 2022 exhibitions, which concluded on Wednesday at Abu Dhabi National Exhibition Centre. This was the largest edition of this event in terms of exhibition area and exhibitors,...

Mercedes saw the key measure rise 19.2 bn euros.

Aluminum has beaten the previous peak in price hike of $3,380.15, reached in July 2008.

The ruble-dominated Moex index opened down 13.97 percent, while the dollar-dominated RTS was down 20.16 percent.

Qatar and Saudi Arabia host American troops, but their economic and political relations with Russia have grown over the years.

Debt dropped to $47.62 billion in 2021 from $63.17 billion in 2020.

Airbus has been mired in controversy despite its best efforts to increase its customer base, across the world in general and in the GCC in particular.

Fully owned by Al Faisaliah Group, Tibbiyah is a leading healthcare provider in Saudi Arabia and the region.

The United Arab Emirates said Wednesday it plans to buy a dozen Chinese L15 aircraft, as it seeks to bolster its defenses after a series of attacks by Yemeni rebels. The country intended to sign a contract with the Chinese company to purchase 12 of the L15 training and light...

The exchange is based in Dubai Multi Commodities Centre.

The Director-General of ICESCO Salim bin Mohammed Al-Malik met with Ambassador of Qatar to Morocco Sheikh Abdullah bin Thamer

The Saudi real estate sector will contribute close to nine percent to the national gross domestic product by 2030, according to the kingdom Minister of Housing.

ADNOC L&S' LNG Carrier Ish will be used as a Floating Storage Facility.

Iraq is looking to partner with Halliburton Co. and Aramco to tap into oil and gas reserves in the Western Desert.

Al-Dawaa, Saudi pharmacy chain, has raised $27 billion in equity from institutional investors after its first sale of shares to the public.

The rise in exports was 7 percent when compared to November of the same year.

Passenger and aircraft movement and air cargo traffic at QAIA remained far lower than pre-pandemic levels.

The decree implemented on an "emergency" basis took effect on Friday based on a 'request' of a former government of Afghanistan that no longer exists.

The failure of countries to crack down on the marketing of breast milk substitutes means far too many children are still being reared on formula, the World Health Organization and the UN children's agency Unicef have warned in a new report.

Syrian authorities on Monday granted a rare license to a new telecommunications company that will start operating in nine months, the communications minister said.

The drop followed reports that the Ant Group was being probed.

UAE’s Ministry of Defense said on Tuesday that it signed three new deals worth AED966.25 million ($263 million) on the second day of the 5th edition of UMEX & SimTEX 2022. On the second day, the event witnessed wide-scale participation of major companies specializing in unmanned systems, training, and simulation...

Saudi Aramco is interested in investing in China, its President and CEO Amin H Nasser, said. He asserted that Aramco has a huge interest in investing in the economic powerhouse. The CEO was speaking at the International Petroleum Technology Conference 2022 in Riyadh. “Definitely, we are looking for more investment...

Singapore-based Princeton Digital Group (PDG) has closed an equity investment from Mubadala Investment Company (Mubadala) as a lead investor for $350 million

Music highlights included Filipina singing sensation Moira Dela Torre, who enthralled the audience at the Jubilee Stage last Monday.

UAE reached the top spot globally as a rough diamond hub, trading over $22.8 billion worth of rough diamonds in 2021. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, announced this at the Dubai Diamond Conference, local media reported. The conference was held at Dubai Multi Commodities Center...

Dubai International Airport (DXB) continues to be the world’s busiest airport by international passenger numbers for the eighth consecutive year after clocking 29.1 million in annual traffic in 2021. The airport’s annual traffic exceeded forecasts for the year by more than half a million passengers, on the back of a...

Demand for natural gas has shot up 23 percent during the last ten years, according to Secretary-General of the Gas Exporting Countries Forum (GECF) Eng. Mohamed Hamel.

stc, Saudi Arabia's top telecom firm, has posted a three percent increase in net profit to $3 billion in 2021 on the back of improved sales.

Fitch Ratings has upgraded to AA(mar)/Stable the rating of Morocco’s Attijariwafa Bank (AWB), one of the five Moroccan banks whose peer review was recently completed by the ratings agency and which account for approximately 77 percent of Morocco's banking system assets. AWB’s rating reflects the bank's extended record of resilient...

The London-headquartered bank on Tuesday reported pre-tax profit of $18.9 billion in 2021, up $10.1 billion on the year before, helped by lower bad loans and operating expenses.

Traffic remains "nowhere near pre-pandemic levels" despite rising to 29.1 million passengers last year, Dubai Airports chief Paul Griffiths said in an interview.

The record shows 1,792 newly registered companies in the zone, testifying to the increased investor confidence in the services provided by the emirates.

No Swiss news media took part in the investigation against Credit Suisse due to the risk of criminal prosecution in the country. While Switzerland's secrecy laws have largely been dismantled for the banks, they have been tightened for the media, making it an offence to reveal leaked banking information.

An improved regulatory support, government promotional initiatives, and heightened interest from business leaders in the private sector benefits the sector in the region.

The project includes the establishment of a park gate, mosque, security booth, toilets and parking lot.

Recently, a 4% stake of the oil giant had been transferred to PIF in an $80bn deal.