A Danish court on Friday convicted three leaders of an Iranian Arab separatist group based in the Scandinavian country of spying for Saudi intelligence between 2012 and 2020.

Emaar EC has signed a rescheduling agreement with the Saudi British Bank revising the terms of SR976.25 million Shariah-compliant outstanding long-term Tawarruq facility.

Founder Mark Zuckerburg has told investors that people have a lot of choices for how they want to spend their time and Apps like TikTok were growing very quickly.

French pharmaceutical group's overall sales rises 4.8% to $43.3bn in 2021.

More than seven million foreign tourists visited Dubai last year, marking a "remarkable turnaround", the government of the Gulf city state hosting the Expo world fair announced Thursday. Dubai has since October 1 hosted Expo 2020 which runs until March 31.

Oman has signed three agreements RO 94 million ($244 million) with the Saudi Fund for Development (SFD) for supporting SMEs and infrastructure development. The first MoU dealt with supporting small and medium enterprises (SMEs) through a soft loan portfolio of RO 57.6 million catering to SME projects in governorates. The...

GACA is keen to activate the comprehensive digital transformation project in the use of modern technologies in various fields of air transport to raise the level of services, quality and efficiency. It also wants to simplify procedures, while constantly maintaining the provision of services and the exchange of information in...

The MoU was signed by the president of the association, Wadih Al-Handal in the presence of the Governor of the Central Bank Mostafa Ghaleb.

The net of non-Jordanian investments during January 2022 showed a negative value of JD5 million ($7.05 million).

Zain-PlayHera joint venture aims to enhance the capabilities of esports professionals and nurture local talent in the regional markets

Mark Zuckerberg lost some $25 billion in value.

The Middle East Energy Event (formerly Middle East Electricity) will be held at Dubai World Trade Center from 7th-9th March. The event will address the future of the energy transition and discuss the opportunities surrounding green hydrogen in the region, local media reports said. According to a report by consultancy...

The Abu Dhabi Judicial Department (ADJD) has organized five-car auctions at the Al Mafraq vehicle impound area over the past three months in which 787 cars of different types were sold. The vehicles were sold at competitive prices ranging from AED2,000($544.51) to 255,000($69424.77) and yielded a total of AED18.5m ($5m)...

Company's growth plan focused on three locations in Abu Dhabi.

The image, by American artist Robness, called "64 gallon toter", depicts a large plastic trashcan with glitching effects, giving it a psychedelic appearance.

A total of 98 new economic activities have been added to several sectors of Dubai in 2021, bringing the total number of economic activities to more than 2,200. In 2020, the Business Registration and Licensing (BRL) sector at the Department of Economy and Tourism (DET), Dubai, had added 52 new...

The Abu Dhabi National Oil Company (ADNOC) has announced the discovery of natural gas resources offshore of the Emirate of Abu Dhabi. Interim results from the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession operated by Eni, indicate between 1.5 – 2 trillion standard cubic feet (TSCF)...

The Communications and Information Technology Commission (CITC), Saudi Arabia’s digital regulator, has announced the launch of WiFi-6e as part of a raft of measures aimed at boosting connectivity in the Kingdom. The announcement was made on the sidelines of the global technology conference LEAP22, which is taking place in Riyadh...

South Africa's tax authority has uncovered a 1.8-billion-dollar gold scam, in which coins and jewelry were illegally smelted into gold bars for sale overseas, a watchdog said Thursday. Between 2012 and 2020, the scammers bilked the government for 24.4 billion rand (1.8 billion dollars, 1.4 billion euros) by defrauding the...

Net profit stood at $20.1bn in 2021 after a loss of $21.7bn in 2020.

The latest UEFA study includes the consolidated results of these same 711 clubs for the year 2020, as well as the anticipated financial statements of 95 major teams for the year 2021, particularly marked by games played behind closed doors.

The two countries discussed reducing obstacles facing the two-way flow of imports into the countries and enhancing trade and economic relations.

Only 27 theatres in Morocco remain open, relying heavily on state funding for renovations and digitizing films.

The fresh investments are said to be in line with Vision 2030, which aims to diversify the economy of Saudi Arabia, lessening its dependence on oil.

More than 340 Japanese companies have their bases in the UAE working in various sectors including infrastructure, industry, and energy, a UAE official said.

The 23-nation OPEC+ group has said in a statement that it will increase production by 400,000 barrels per day in March.

The company reported a loss of $44.1 million in Q4 2021.

The new tax -- to be implemented in the UAE from 1 June 2023 -- comes at a time when speculations are rife that other Gulf countries might also impose taxes on economic sectors.

UAE Innovates 2022, described as the largest innovation festival in the world, seeks to instill a culture of innovation and engage the community in innovative experiences.

The Digital Cooperation Organization (DCO) has announced the launch of the DCO Startup Passport to make it quicker, easier and less expensive for startups to do business across borders, local media reports said. This opens up potentially lucrative markets with a combined population of more than half a billion people...

Tamkeen, a semi-autonomous Bahraini agency, has said that the “Skills Bahrain” initiative is all set to be launched in the country. "Skills Bahrain" is the first comprehensive national initiative aimed at establishing professional standards for vocations and professions in Bahrain. It meets the rising demand for qualified nationals across a range...

During the course of last year, Dubai saw 1,343 eateries opening up across the city, and as a result the number of inspections carried out by Dubai Municipality's Food Safety Department also increased by 12 percent.

They have sold 100 percent of Spanish operation MATSA to Sandfire Resources.

Historic rivals Turkey and Armenia were due Wednesday to resume their first commercial flights in two years as part of cautious efforts to normalize strained ties. A Pegasus spokeswoman said the budget airline will fly three flights to and from Yerevan a week.

Saudi Arabia has witnessed a big jump in 'contactless' payment during the last three years, from hovering in single digits to shooting up to 95 percent during the last three years.

Saudi Aramco has officially launched Prosperity7 Ventures, a $1 billion Venture Capital fund. The fund has been operational for over a year but was launched officially on Tuesday by Aramco Chief Technology Officer Ahmad Al-Khowaiter during the LEAP 22 technology conference in Riyadh. Prosperity7 is designed as a global financial...

The Central Bank of the UAE will introduce a new set of terms and conditions for its standing credit and liquidity insurance facilities.

The opportunity for less well-known artists to reach a large audience and potentially get paid for streams of their music means they feel obligated to stick with Spotify.

In Q4 2021, GM saw global car sales sink

For several years, there has been a rush of investments from GCC countries into European sports. TRENDS explores the reasons that woo Gulf investors beside profits.

Sanad, a subsidiary of Mubadala Investment Company, has appointed Mansoor Janahi as the new Group CEO.

The Sharjah Chamber of Commerce and Industry (SCCI) has seen off another season of the 48-day "Sharjah Shopping Promotions" campaign. It resulted in an increase in the sales of the participating malls and stores, and lucrative profits for the retail sector and other business sectors. The volume of purchases throughout...

Bank of Palestine (BOP) and Proparco in cooperation with the EU have jointly announced the signing of Sunref II Green Program after successfully completing Sunref I, local media said. The purpose of SUNREF Green Finance Program is to provide solutions to promote energy efficiency and renewable energy projects for the...

In the last two years, Saudi Arabia has attracted more than $2 billion in investments in cloud computing according to Deputy Minister for Technology Development Nawaf D. Al-Hoshan.

DP World and Government of the Democratic Republic of the Congo (DRC) Tuesday laid the first stone to mark the start of construction of the new Banana Port. The ceremony was attended by Félix-Antoine Tshisekedi, President of the DRC, and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP...

ExxonMobil reported a profitable fourth-quarter Tuesday to conclude a strong comeback year in 2021 on higher oil prices amid recovering energy demand.

Oman and Finland are looking to boost cooperation between the private sectors of two countries, particularly in the fields of industry, technology and services.

Silal, Abu Dhabi-based food and agritech company, in collaboration with Hoogendoorn, one of the world’s innovators in horticulture, on Tuesday launched the Digital Agronomy Service, which will see deployment of IoT sensors in 100 farms over the course of 2022. This project is aimed at enabling local farmers and advisors...

Its total revenues reached AED294.6m in 2021, reduces expenses by 4 percent.

The foreign ministers of Syria and Oman have held discussions on how to promote cooperation between the two countries on issues of common concern.