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...

The $1.94 bn agreements have been awarded to four companies.

The UAE’s food and beverage imports from Latin America reached $1.9 billion in 2020 as the Gulf country expanded its efforts to enhance food security, a new analysis from the Dubai Chamber of Commerce has revealed. The findings, released on the sidelines of Gulfood 2022, will be discussed in further...

Moody's has termed the share transfer of Saudi Arabia’s Aramco to the Public Investment Fund as credit positive as it increases the fund’s assets under management. 

European aircraft giant Airbus posted record profits in 2021 after two years of losses as it cruises past the pandemic-induced crisis in the travel industry, company results showed Thursday. The group, which employs more than 126,000, plans to recruit 6,000 people this year.

This was discussed at panel discussion about "Innovation in Home Businesses" which was organised by the Ministry of the "UAE Innovates-February 2022" and Innovation Week in Expo 2020 Dubai.

Aramco Trading Company signed on Wednesday a non-binding agreement with Egypt’s Red Sea National Petrochemicals Company for a long-term crude oil supply for its planned refinery complex with a provision for offtake of refined and petrochemical products. Under the agreement, Aramco Trading will supply 100,000 barrels per day of Arabian...

Google announced plans Wednesday to limit ad tracking on its Android operating system running on billions of devices, a sensitive privacy issue that rival Apple has already moved to address on its iPhones. Tech giants are under growing pressure to better balance privacy and ad-targeting, as users complain and regulators...

The Gulf region leads in adoption of artificial intelligence or machine learning to boost productivity, says Rami Darwish, CEO of Dubai-based Arrow Labs.

The MoU is the latest in a series of strategic partnership agreements signed by ADX as part of its strategy for growth, announced at the beginning of 2021.

C3 is a UAE-based social enterprise empowering impact-driven entrepreneurs across the Middle East, Africa and Turkey.

The pact is in line with the UAE’s leadership to enhance international cooperation and exchange of successful experiences.

The Saudi Ports Authority (MAWANI) signed an agreement with shipping giant Bahri to build and operate an integrated logistics park on land leased at the Jeddah Islamic Port with a total area of 95436m2. President of MAWANI Omar Talal Hariri and Eng. Abdullah Ali Aldubaikhi, CEO of Bahri signed the...

Dubai International Financial Centre (DIFC) has reported its best annual performance to date, recording its highest ever annual revenue and operating profit besides the highest ever company registrations. DIFC said it achieved its 2024 Strategy growth targets three years ahead of schedule during the first half of 2021. The Centre...

Nearly two years of disruption to the fabric of society due to global pandemic has resulted in a collective shift in people’s relationships with work, consumerism, technology, and the planet, pushing companies to design new ways of doing business, according to the annual Fjord Trends report from Accenture. Newly identified...

Abu Dhabi International Airport has welcomed 5.26 million visitors in 2021 thanks to a fourth-quarter surge that saw 2.43 million, which equates to 46 percent of the full year's passenger numbers, pass through the UAE capital's hub. Compared to 2020, which saw traffic of around 5.57 million passengers, there was...

The UAE is already the Philippines’ biggest export partner in the Middle East.

Zuckerberg shared his note to employees on his Facebook page, the revamped credo coming on the heels of the internet giant being renamed Meta in October.

At the heart of the issue is how much internet companies should know about people's online lives, which is key to how much Big Tech makes on ads.

Facebook-parent has agreed to pay $90 million.

The discovery is one of the largest in the area in the past 20 years, and the field could contain around 100 million barrels in reserves.

Its profit stood at AED720 million ($196.05 million) in 2021.

PIF-led consortium to buy 80 percent stake in 8,069 towers.

The final offer price was set at SR128 ($34.1) per share, the top end of an indicative range.

The acquisition for around $5.4bn part of Intel's IDM 2.0 strategy.

Trade between Brazil and Arab countries grew by 44 percent during 2021, with food exports alone reaching an estimating $14 billion, its highest since 2012, said Tamer Mansour, CEO of the Arab Brazilian Chamber of Commerce. This comes as Arab countries, especially in the Gulf region, are combating the pandemic...

A metal casting and forging plant will be built by South Korea’s Doosan Heavy Industries and Construction at the cost of 1 trillion won ($834 million) in Saudi Arabia. Under the deal, the construction of the plant at the King Salman Global Maritime Industries Complex in Ras Al-Khair will start...

Amanat Holdings has posted a huge jump in its income for the year ended December 31, 2021 to AED367 million as compared to AED70.6 million recorded last year.

Turkish President Recep Tayyip Erdogan called on business leaders in the wealthy United Arab Emirates Tuesday to invest in his country, which is in the grips of an economic crisis.

It pointed to energy prices and good asset performance for the rise.

The properties grow Investcorp’s US industrial real estate holdings to approximately $3.5 billion across approximately 32 million square feet comprised of more than 425 buildings.

The rise was said to have been supported by growing demand and expanded efforts to enhance food security and diversify food imports.

Mazars informed the Trump Organization in a letter last Wednesday that it would no longer work for the company.

Zachary Horwitz has swindled millions in a huge Hollywood Ponzi scheme to finance a lavish lifestyle of yachts, jets and fast cars.

The first-ever such case came as the Securities and Exchange Commission (SEC) looks to establish regulatory authority over digital currency services.

The consolidated revenue stood at AED53.34 billion ($14.52 billion).

The UAE Food & Beverage Business Group enables the active participation of professionals, Emiratis and SMEs to support the food sector.

Google once used the slogan "don't be evil" to distinguish itself from its competitors, but now a growing number of pro-privacy startups are rallying to the mantra "don't be Google". "Google made a lot of good tools for a lot of people," says Marko Saric, a Dane living in Belgium...

Brazil Special Opportunities Fund I is Mubadala's first fund in Brazil.

India is embarking on the blockbuster listing of the country’s largest insurer as part of a wider privatization drive to bolster public coffers drained by the coronavirus pandemic and fund new infrastructure.

For the second time this year, the Saudi government will issue riyal-denominated sukuk for the year, seeking to take advantage of huge interest in the bonds.

The company will provide enhanced managed services to the UAE government.

Nawy, a Cairo-based property dealer, obtained a seed funding round of $5 million, led by the Sawiris family office.

Apollo-managed funds and clients will invest $1.4bn in Aldar.

Jafza is home to some of the world’s leading brands, including Unilever, Nestle, Heinz, McCain, Hunter Foods, Alokozay Group of Companies, Al Khaleej Sugar, Bayara, to name a few.

One in every 40 Jordanians is an engineer, making Jordan the country with the most engineers per capita globally.

The company lays 394 kms of Fibre Optic ducts in 2021.

The offer comprised a total of 6.3 million shares.

Bangladesh wants to establish a direct shipping line with the UAE, which will reduce the existing navigation time by two thirds and pave the way for exponential growth in bilateral trade, Bangladesh AK Abdul Momen foreign minister has said. Momen is on a four-day official visit to the UAE. He...

Bahrain and Egypt share solid long-standing brotherly relations, and there is steady progress in it due to their deep partnership and coordination in all fields, said speaker of Bahrain's Council of Representatives Fawzia bint Abdulla Zainal during his meeting with Speaker of the Egyptian House of Representatives, Chancellor Hanafy Ali...