In Europe and the Americas, foreign visitor arrivals surged by 19 percent and 17 percent, respectively, last year over 2020. In the Middle East, however, arrivals declined by 24 percent in 2021, while in the Asia-Pacific region they were 65 percent below 2020 levels, and 94 percent down on pre-pandemic...

Ferrari World Abu Dhabi and Warner Bros. World Abu Dhabi broke two Guinness World Records titles in celebration of the festive season.

An event at the Expo 2020 Dubai showcased Europe's work for the transition to the circular economy and how it brings together stakeholders from across the spectrum.

Masdar will be joining a consortium that will develop solar photovoltaic facilities with a capacity of about 1.2 gigawatts and associated storage in Indonesia for the export of solar power to Singapore. In this connection, Masdar said, it has signed a Memorandum of Understanding with Singapore’s Tuas Power, France’s EDF...

The Sharjah Chamber of Commerce and Industry (SCCI) has signed a strategic cooperation agreement with the Emirates Creative Association to enhance cooperation and exchange knowledge and experiences.

The settlement issuance was set on 23 January 2021.

Expo 2020 Dubai visitor numbers continue to rise, reaching 10,188,769 visits as of 18th January, while Expo 2020 Dubai’s virtual visitation passed the 65 million mark.

BCCI chief reviewed ways to further increase the volume of bilateral trade

Emaar EC signed the $16-million contract with SAFE.

Full details will be revealed at the sales launch, scheduled to take place in the third quarter of 2022.

The Innovative Startups and SMEs Fund (ISSF) will invest $1.5 million in Global Ventures

The official export credit agencies of the UAE and South Korea have signed an MoU to boost investments in sustainable green energy, with a focus on hydrogen production projects development and trade relations between the two countries. Under the agreement between Etihad Credit Insurance and K-SURE, the official export credit...

The assets of Jordan's Social Security Investment Fund (SSIF), the investment arm of the Social Security Corporation (SSC), jumped by JD1.1 billion in 2021 to reach JD12.3 billion, according to Kholoud Saqqaf, the fund’s CEO. The figures mark a 10-percent growth year-on-year. In 2020, the fund’s assets stood at JD11.2...

The world's largest known cut diamond went on public display for the first time Monday ahead of its sale, when it is expected to reach five million dollars.

Sahar Al Rasti, the first Emirati female ship captain, said that working behind the rudders of ships for long days, and challenging the waves of the sea requires a lot of determination and passion as well.

The bonds were 1.8 times oversubscribed.

Emirates Central Cooling Systems Corporation (Empower) has started operating the first phase of its new District Cooling plant in Za’abeel, Dubai, with a cooling capacity of 27,750 refrigeration tonnes (RT).

MoU aimed at enhancing cyber skills training in UAE schools.

The United Arab Emirates threatened reprisals against Yemen's Houthi rebels after suspected drone strikes killed three people in Abu Dhabi on Monday. "The UAE reserves the right to respond to these terrorist attacks and this heinous criminal escalation," a foreign ministry statement said.

Unilever has revealed ongoing interest in a consumer healthcare unit owned by GlaxoSmithKline and Pfizer after a bid of £50 billion was refused.

Facebook has been mired in global controversies for its ad policies.

The year 2022 would “offer a more comprehensive acceptance of remote working policies, as more companies are allowing employees anywhere,” Sam Tayan, head of MENA at Zoom, told TRENDS in an interview. Zoom is eyeing a big piece of the video-communication pie in these countries.

Deposits at banks in the UAE grew 80 percent to AED1,884 billion ($513 billion) in 2020 from AED1,049 billion ($285.64 billion) in 2010.

Oxfam said the men's wealth jumped from $700 billion to $1.5 trillion, at an average rate of $1.3 billion per day, in a briefing published before a virtual mini-summit of world leaders being held under the auspices of the World Economic Forum.

The exports of the Amman Chamber of Industry (ACI) increased last year in 2021 to "high" levels, compared to 2019, driven by the increase in exports of eight sub-sectors, according to official data. These figures indicate that Jordan's industry overcame hardships and enhanced its presence in important global markets, based...

Middle East’s largest breakbulk and project cargo event Breakbulk Middle East will host the ‘Women in Breakbulk Breakfast’, as part of its commitment to increase female participation. The forum will feature top female executives, who will discuss ways to overcome challenges they face in the sector. They will also offer...

During the course of last year, Dubai real estate saw a momentous growth, resulting in deals worth close to $41.1 billion, the highest value since 2009.

The Abu Dhabi Sustainability Week summit, hosted by Masdar, will take place virtually on Monday, 17th January. The Summit will take place between 1:00pm – 9:00pm GST, and will convene more than 80 global leaders, including heads of state.

Scientific and Medical Equipment House of Saudi Arabia has set a price range between $12-13.9 per share for its offer amid a prospective IPO on Saudi Arabia’s main index, TASI.

A total of 2,000 new companies from 106 countries registered with the Sharjah Publishing City Free Zone (SPC Free Zone) in 2021. The Free Zone said in a statement that most of these companies were from the UK, India, Pakistan, the Philippines, and Lebanon. Stakeholders in the education and publishing...

DET and HSBC Bank Middle East have signed a Memorandum of Understanding (MoU), paving the way for increased cooperation in further enhancing Dubai’s position as a global livability destination.

The production capacity of the first project of the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park has increased from 300 megawatts to 330 megawatts, CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer said in a statement. The increased production results from using the...

Ryan Lemand has joined the brokerage as a board advisor.

"There is no suspension of flights in accordance with the instructions and directives", an official confirmed.

The real estate housing price rose in Kuwait last year, where investors focused on Kuwaitis' residential areas dealing in uninhabited plots of land, capitalizing on government subsidies and transforming residential units into rental houses. In 2022, the housing rates may drop by five percent if interest rates are increased on...

Qasemi, who headed a high-ranking delegation to Syria, met with senior officials from Syria.

"The government has almost exhausted the General Reserve Fund's liquidity", said the rating agency.

In a virtual ceremony, Dubai Electricity and Water Authority (DEWA) has recognized 41 of its suppliers for their commitment to its highest standards.

Top bosses of Google and Facebook were directly involved in approving an allegedly illegal 2018 deal to cement their dominance of the online advertising market, US court documents revealed Friday.

The Saudi Zakat, Tax and Customs Authority has made a large seizure of Captagon amphetamine pills at Jeddah Islamic Port, impounding some 8.3 million pills being smuggled into the kingdom.

The overall deal is expected to help support Ras Al Khaimah’s strategic plans to expand its travel and tourism landscape.

During the week ending January 14, the transactions numbered 1,559, according to the Dubai Land Department.

It is buying the Central St Giles office site, where it is a tenant.

Saudi Arabia's Tourism Development Fund has signed an MoU with Deutsche Hospitality, the umbrella brand of the German hotel company Steigenberger Hotels AG, which will see the exclusive launch rights for the first Steigenberger Porsche Design Hotel in the Middle East. The MoU is aimed at developing and operating distinctive...

Sultan Al Ghozali, a computer science student at a university, has taken a picture of himself sitting in front of his computer almost every day for the last five years.

The value of Bahraini imports increased by 18 percent in the fourth quarter of 2021, reaching BD1.406 billion, the Information & eGovernment Authority (iGA) said in its foreign trade report. The report, which encompasses the data on the balance of trade, imports, exports (national origin), and re-exports, said the value...

ADDED has directed commercial and industrial facilities in the Emirate to license warehouses of hazardous materials away from their headquarters as branches to support its role in monitoring the movement of hazardous materials.

Prince Abdulaziz bin Salman, Saudi energy minister, has remarked that the OPEC+ group is independent and against any external interference in its decisions.

Singapore's United Overseas Bank will buy the franchises

A total of 18,068 transfers were registered, against 17,190 in 2020, a rise of 5 percent. The top 10 transfers alone generated almost 15 percent of the total spending while the vast majority of moves — nearly 88 percent — involved free transfers, suggesting cash-strapped clubs were looking for bargains.