Saudi Aramco President and CEO Amin H Nasser urged companies and governments to continue investing in the oil sector to meet future demands.

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

GFH Financial Group (GFH), a Bahrain-based Islamic investment bank, has announced that is has launched and seeded a $100 million sukuk fund which holds a diversified portfolio of sukuk, following signing  agreement with Credit Suisse to provide financing and fund administration services. The fund holds a portfolio of sovereign, quasi...

Kuwait Airways announced an expanded, $6 billion deal with Airbus that includes 31 new planes on Monday, restructuring an agreement struck in 2014. In February 2020, Kuwait's parliament opened a fact-finding panel to probe allegations of kickbacks, after Airbus paid huge fines to settle bribery cases.

ADX’s market liquidity jumps five-fold in 2021 amid IPO boom, as traded values on the exchange increased 407 percent from AED 145 billion ($39.47 billion) in 2020 to AED 739 billion in 2021, driven by higher levels of domestic and international investment. Local investors accounted for 70 percent of the...

The ceremony among others was attended by the Minister of Industry, Commerce and Tourism Zayed bin Rashid Al Zayani and US Ambassador to the Kingdom of Bahrain Steven C. Bondy.

The deal they signed is expected to support the development in various activities and events in the field of marine sports in the emirate.

A cross-border media investigation broke Sunday claiming that Switzerland's second-largest bank had held tens of billions of dollars of ill-gotten funds.

Now, the fastest-growing job profiles in the GCC include a mix of both pandemic-resultant and non-pandemic-resultant positions.

A workshop held by the JCC and working meetings with a number of ministers and representatives of official entities, universities and private sector institutions explained about the opportunities.

The Jeddah-based pharma retailer plans to float 30 percent of its capital.

Thousands of Iranian teachers have protested in more than 100 cities against delays in salary and pension reforms, a local newspaper reported Sunday.

Total revenue nearly doubles to reach $99.5m in 2021.

Dr. Sulaiman Al Habib Group, a private health service provider in Saudi Arabia,  has posted a 30 percent increase in profit to SR1.37 billion ($367 million) in 2021, up from SR1.05 billion recorded in the previous year.

Arriyadh Development Co. posts a forty percent jump in net profit to $85 million for 2021.

Al Rajhi Bank has recommended a sixty percent increase in the bank’s capital to $10.7 billion.

The initiative will provide affordable medicines to uninsured and low-income expat patients or those whose insurance does not cover the cost of treatment of several diseases.

Cancelled dates over supposedly positive Covid tests and disrupted travel plans due to lockdowns are ruses that feed into the well-worn script of romance scammers, the FTC has warned.

More than two years into a financial crisis that has seen the local currency lose 90 percent of its value, the reputation of Lebanese lenders has been shredded.

The Bahrain Golden Visa was recently announced during a Cabinet meeting chaired by Crown Prince and Prime Minister Salman bin Hamad Al Khalifa.

UAE’s Minister of Industry and Advanced Technology, and UAE Special Envoy for Climate, Sultan Ahmed Al Jaber has said that the UAE views climate action as a key enabler of stability and economic prosperity.

The UAE has announced that it will  allow cooperative associations to trade their shares in financial markets, according to media reports.

UAE Energy Strategy 2050 aims to increase the contribution of clean energy in the total energy mix from 25 per cent to 50 percent.

Egyptian President Abdel Fattah El-Sisi has praised the World Health Organization for its decision to pick Egypt and five other countries in Africa to manufacture Covid vaccine in the continent to fight off the virus.

A study undertaken by the Saudi Ministry of Tourism sees the sector providing thousands of jobs for the young people in the kingdom.

The UAE government has been praised by no less than the International Monetary Fund for the handling of its economy during the pandemic.

A year after it posted sharp growth, global trade in goods and services is expected to slow down, according to the UN's estimate.

Executive Director of the Supervision Sector at the Central Bank of Kuwait, Waleed Al-Awadhi said that the digital banks will have no branches.

Floating restaurants and hotels could be a significant supporting player as the GCC region aspires to increase its footprint as a global tourism hub.

Around 60% of $1.61 billion were committed only in the last two years showing remarkable growth in mobilization of finance for Palestine.

The investment spans several sectors including e-commerce, financial technology, education and transportation

Abu Dhabi Crown Prince Mohammed bin Zayed Al-Nahyan, and India's Prime Minister Narendra Modi held a virtual summit to witness the signing of the Comprehensive Economic Partnership Agreement, among other pacts.

The UAE Federation of the Chambers of Commerce and Industry (FCCI) and the Hungarian Chamber of Commerce and Industry (HCCI) will establish a UAE-Hungarian Business Council. The two parties signed an MoU at the Hungarian pavilion at Expo 2020 Dubai regarding the same on the sidelines of the third meeting...

The meeting was held on the sidelines of the official visit of Turkish President to the UAE.

A sizable number of Saudis look positively at jobs in the tourism sector, according to a study by the kingdom's Ministry of Tourism in collaboration with Digital Research Company (DRC). Key findings indicate that 75 percent of Saudis have a positive perception towards jobs in tourism, with 83 percent saying...

The Egyptian football club Ghazl El Mahalla has put off its listing on the stock exchange to April. The listing was originally to happen in February.

India has unveiled the first part of a drive to attempt to turn the world's third-largest emitter of greenhouse gases into a "hub" for green hydrogen.

A total of 2,098 real estate transactions worth AED4.5 billion ($1.22 billion) were conducted during the week ending 18 February 2022, according to figures released by the Dubai Land Department. A total of 252 plots were sold for AED1.1 billion, 1,437 apartments and villas were sold for AED2.47 billion. The...

The company nearly doubled its brokerage revenues in 2021.

The two lifelong friends from Florida never sought the limelight, but then they built a multi-million-dollar empire selling digital art and people wanted to know who they were.

The move is said to be conducive to strengthening the regulatory environment of the cooperatives sector and driving their economic returns.

The entire amount resulted from a total of a combined 14,958 sales and mortgage transactions.

The UNCTAD’s Global Trade Update said all major trading economies saw imports and exports rise above pre-pandemic levels in the fourth quarter of 2021.

Governments across the world pay an estimated $640 billion in support to the fossil fuel industry.

The industry, stabilized significantly with experienced surgeons and the availability of good facilities, woo a sizable number of foreign clients to UAE during the pandemic.

Saudi Ceramics has posted a threefold jump in net profit to $62 million on the back of better profit margins.

G42 Cloud, a subsidiary of G42, the UAE-based AI and cloud computing company, and Serbia signed a Memorandum of Understanding (MoU) to develop AI and cloud computing solutions in the fields of healthcare and finance.

Owners of the Starbucks franchise value the business at $15 bn.

Dubai has imported eight million tons of food during 2021 and re-exported 6.277 million shipments through all its ports, a Dubai Municipality press release said on Thursday.

Air travel recovery was gaining momentum as countries were lifting restrictions, with a sharp 11-percentage-point increase for international tickets sold in recent weeks, according to the International Air Transport Association (IATA). Data released by IATA said that in the period around 8 February (seven-day moving average) the number of tickets...