Future Tech Retail, a firm owned by Saudi retailer BinDawood Holding, will acquire a sixty-two percent stake in International Applications Trading Co., an e-commerce platform operator, for an unknown sum.

UAE government's World's Coolest Winter campaign, which was launched in December 2021, has raised revenues of hotel establishments to AED1.5 billion ($408 million), compared to AED1 billion in its first edition in 2021, marking an increase of 50 percent. An official statement said the campaign promoted tourism, natural sites and...

Al-Dawaa, a pharmaceutical retail firm in Saudi Arabia, has set the price range for its initial public offering at SR65 ($17.3) to SR73 per share.

The Emirate of Ras Al Khaima has given out 1,749 business licenses in 2021, a thirty-six percent jump over the previous year.

Some free tickets for the February 15 concert of British music band Coldplay were apparently being resold online for money.

The transfer was part of Saudi Arabia’s long-term strategy to support the restructuring of its economy, in line with Vision 2030.

Big oil companies said their 2021 profits were $66.7 billion.

The Saudi Stock Exchange’s main index TASI started and ended the week with a 0.5 percent rise despite the fluctuation.

The market is expected to grow at an annualized growth rate of 3.2 percent, from $26.5 billion in 2021 to $31.1 billion in 2026. Along with the lifting of Covid-19 restrictions, digitization activities by insurers in the region will boost the expansion plan of the insurance business.

Armenia will be the official guest of honor this year due to its rich and diverse cultural stock, while Indonesia will be the distinguished guest

Turkish President Recep Tayyip Erdogan on Saturday slashed sales tax on dairy products, fruit, vegetables and other basic food items from 8 percent to 1 percent as inflation surges to a near 20-year high. Last month, Erdogan changed the head of the state statistics agency Tuik for the fourth time...

Radisson Blu has been hired to manage and operate a new four-star resort with retail stores in Al-Ahsa governorate.

Saudi Arabia has recruited more than 75,000 overseas domestic workers in December 2021, a fifteen percent jump in the hiring, according to official figures released by the kingdom.

Kuwait's Youth Authority on Saturday, February 12, launched the second edition of the ‘professional initiator’ program

A total of 2,078 real-estate transactions worth AED6.6 billion ($1.8 billion) were conducted in Dubai during the week ending February 11.

The company posted an all-time-high annual revenue in 2021.

While initiatives like Made in Saudi Arabia are helping ramp up production, Saudi Exports is looking to rope in government agencies to help diversify the economy.

The UAE and Israel signed a Memorandum of Understanding (MoU) to strengthen their tourism and economic cooperation and reinforce their bilateral ties. The MoU was signed by Dr. Ahmed Belhoul Al Falasi, Minister of State of Entrepreneurship and SMEs and Chairman of the Emirates Tourism Council, and Yoel Razvozov, Israeli...

DWC Airport in Dubai will host the MEBAA Show, a business aviation platform, from 6-8 December 2022. The event will showcase the latest trends, insights, innovation and commercial opportunities shaping the future of business aviation and private flying in the Middle East and globally. Several international companies have already signed...

This includes a 48.28% growth in passenger volume, with the total number reaching 88,000.

In a waterfront Istanbul neighborhood that once buzzed with cafe and pub life, there are now only empty tables after nearly 50 percent tax hikes on alcohol.

Abu Dhabi National Energy Company (TAQA) has posted a net income (TAQA-share) of AED6.0 billion, a jump of AED3.2 billion, for the year ended December 31, 2021.

The gross profit in 2021 was AED5.1 billion in 2021, compared to AED 218 m in 2020.

A new digital bank backed by ADQ, an Abu Dhabi-based investment and holding company, will soon begin operations, after the Central Bank of the UAE gave the approval.

Saudi Arabia recorded a growth in air cargo traffic during 2021 compared to 2020, with the total air cargo until the end of December of 2021 amounting to more than 653,000 tons. The civil aviation sector is working to contribute to supporting the field of air freight and enabling the...

The scheme is the first regional plan that seeks to mobilise up to 300 billion euros ($340 billion) for public and private infrastructure around the world by 2027.

The decision was taken due to a feature that drowns out audible warnings.

The League called upon the Arab countries to contribute to mobilizing international support for the Kingdom’s request to host the exhibition.

The facility is being built at the Borouge’s polyolefin manufacturing complex in Ruwais in Abu Dhabi.

The Company’s earnings per Share are AED 0.70

TikToks latest service, SoundOn, offers unsigned artists a simpler way to upload songs, get paid and find distribution.

The Global Entrepreneurship Monitor (GEM) has ranked the UAE 1st globally in its Global Entrepreneurship Index 2022, which was unveiled this week.The UAE climbed three spots from its 4th global ranking in last year's report to accomplish this feat, outperforming other leading global economies studied by the report. The UAE...

Experts help TRENDS see the road that lies ahead for electric vehicles in the region, and its one of hope: for both business and the environment!

The company posted a net profit of $58.81 million in 2021.

Turkey wants joint cooperation with Iraq regarding the exchange of products, its Minister of Agriculture and Forestry Bekir Pakdemirli said. "Turkey is in the process of cooperating in all fields with Iraq, whether agricultural or other," said Pakdemirli to the local media. He noted that his country suffers during this...

The debt deferral agreement has been signed in line with the G20 initiative of 2020 led by Saudi Arabia which was in regard of debts deferral owed by the poorest countries.

The company's profit in 2020 was $16.20 million.

The company's revenue rose 30 percent to $452 million in 2021.

The UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Spain’s Ministry of Industry, Trade and Tourism (MITT) signed a Memorandum of Understanding (MoU) to boost cooperation in the field of industry and advanced technology across multiple sectors. The MoU aims to establish a framework that will facilitate and enhance...

The bank's assets reach a record AED114 billion: CEO

The San Francisco-based company notched increases across its operations, including its signature ride service, food delivery and freight operations.

Disney saw streaming subscriptions pick up pace as pandemic restrictions ease, while Netflix saw them slow.

Sales rose by 15.3% from last year to $36.9 bn.

The company is courting favor of antitrust regulators

Dubai Islamic Bank has successfully priced its $750 million five-year senior sukuk, taking advantage of global interest in Islamic bonds. The bank is the largest Islamic lender in the UAE.

The firm will construct a sustainable hydrogen production unit in the zone.

The Covid lockdown this week of a relatively unknown Chinese city sent global prices of aluminum rocketing to a 14-year high. Why did the outbreak in Baise spark fears around the world about the key metal?

All DP World regions delivered volume growth, especially India.

Emirates Global Aluminum is looking to set up an aluminum recycling facility with a capacity to churn out 150,000 tonnes per year.

The UAE is the most competitive emerging market in GCC and the third most competitive on a global scale after China and India, according to the annual Agility Emerging Markets Logistics Index. The UAE led all 50 countries in the Index in creating the best business conditions and in the...