It has also has assigned the Qatari bank an A2 rating.

Block is building a system to mine bitcoin.

GCC Secretary-General Naif Falah Al-Hajraf and Chinese State Advisor and Minister of Foreign Affairs, Wang Yi, also agreed on a free trade agreement.

The region’s coffee market growing rapidly creates new business opportunities, says Ali Al-Ebrahim, founder and CEO of COFE.

Researchers in the United States, who estimated the current cost at $2.1 trillion every year, said the effects of stifling temperatures on people doing heavy work in agriculture and construction had been underestimated. They found that between 2001 and 2020, exposure to high humidity and heat was linked to 677...

DEWA-SAT 1 was launched on a SpaceX Falcon 9 rocket.

Saudi Arabia’s Minister of Investment Khalid bin Abdulaziz Al-Falih said that the mineral resources sector is among the most important resources that support countries’ economies. Participating in a session of the International Mining Conference, he said that the Kingdom of Saudi Arabia has increased its competitiveness in the sector through...

Oman and the United Kingdom have agreed to bolster relations and high-value investment volume, Omani media reports said. To this effect, an agreement of partnership was signed in London between the Oman Investment Authority and the British Office for Investment. The agreement of partnership aims to invest in specific fields,...

The Saudi Central Bank (SAMA) has issued controls the banks need to consider while issuing banking documents, Saudi media reports said. SAMA said that the controls (which can be accessed here https://www.sama.gov.sa/arsa/RulesInstructions/Pages/BankingRulesAndRegulations.aspx) oblige banks to provide e-verification services of banking documents issued electronically or on paper, where these documents should...

Qatar Tourism has invited residential property owners to invest in hospitality while generating extra income from their unused units by getting a Holiday Home license.

The meeting was held via video conference technology, with spread of the Omicron variant of Covid-19 having stopped almost all in-person meetings globally.

The coronavirus pandemic has helped shrink the distance between virtual and real by pushing many designers to create in three dimensions.

India’s Minister of Commerce and Industry, Piyush Goyal, on Wednesday told the heads of top business and industry associations in New Delhi that the Free Trade Agreement (FTA) with the UAE is "nearing conclusion". Goyal said, "the government was striving to conclude several early harvest agreements with countries so that...

The meeting was hosted at the UAE Ministry of Finance’s headquarters in Abu Dhabi.

The festival is organized by the Cultural Program and Heritage Festivals Committee, and will run till January 22.

The World Bank’s Global Economic Prospect reported on Tuesday that Morocco’s GDP is expected to grow by 3.2 percent in 2022 and would rise to 3.5 percent in 2023. "The output in Morocco is expected to expand by 3.2 percent in 2022, slowing from the previous year’s rebound”, said the...

The UAE and the European Union discussed ways of boosting bilateral cooperation between them to achieve mutual benefit across various fields. This discussion is a part of the UAE’s Finance Ministry commitment to strengthen its relations with various countries, and regional and international financial institutions. The Minister of State for...

Dana Gas and its partner Crescent Petroleum have reported record sales gas production from their operations in the Kurdistan Region of Iraq (KRI), reaching 452 million standard cubic feet per day (MMscf/d) at the end of 2021. The production milestone is the culmination of numerous process improvements at the Khor...

The MoU encourages holding joint seminars and training courses on renewable energy, energy efficiency and conservation.

The UAE hosted a meeting of the Finance and Investment Committee of the Saudi-Emirati Coordination Council to discuss financial and economic cooperation between the two countries.

Poland's state-owned refiner PKN Orlen announced Wednesday plans to sell oil assets to Saudi Aramco and Hungary's MOL in order to meet EU conditions for its merger with domestic rival Grupa Lotos. Saudi Aramco will buy a stake in Lotos's refinery and MOL will purchase several hundred Lotos petrol stations...

The mining sector is the third pillar of Saudi Arabia's economy and the kingdom has enormous natural resources and offers promising investment opportunities in the sector, said Governor of the Public Investment Fund Yasir bin Othman Al Rumayyan. Al Rumayyan said many of the future industries depend on the mining...

Abu Dhabi University (ADU) has earned the highest rating of 5 stars by Quacquarelli Symonds - QS Stars Rating for 2021.

The UAE's Ministry of Economy has received 2,428 patent applications in 2021, an increase of 26.7 percent from 2020 when 1,917 applications were received. In 2010, a total of 1,288 applications were received, compared to 157 in 2000. The total number of industrial model requests increased by 290 percent during...

James Boasberg's ruling is a blow to Facebook.

The agreement will help Dubai’s creative entrepreneurs.

More than 80 fact-checking organisations Wednesday urged online video platform YouTube to better combat disinformation, offering to help debunk false statements. "Every day, we see that YouTube is one of the major conduits of online disinformation and misinformation worldwide," said the groups spanning the globe, from Politifact and the Washington...

Car ownership could become a hobby only for wealthy people in future, says Ekar founder Vilhelm Hedberg.

Over 300 public and private sector stakeholders from China and the UAE took part in the first Shenzhen Day Launch Ceremony and Products Show, a hybrid event held earlier today and streamed live in two locations - Dubai and Shenzhen. Local media reports said the event, co-hosted by Dubai Chambers...

The exhibition and forum cover various fields, including recycling and waste management and treatment in the MENA region.

Air Arabia has been named as the most punctual airline in 2021 at Moscow Domodedovo Airport in the category of “Foreign Airlines with more than seven flights per week”, local media reports said. The airport announced the winners with the goal of further enhancing the quality of passenger service. The...

  The Association of Banks in Jordan (ABJ) held a ceremony to honor the former Governor of the Central Bank of Jordan (CBJ), Ziad Fariz, said reports. The ceremony was held via teleconference, and attended by Jordan's Prime Minister Bisher Khasawneh, CBJ Governor Adel Sharkas, and ABJ Chairman Bassem Al-Salem,...

The UAE government has launched the Coders HQ, a new transformational project that re-defines local coding communities, in partnership with more than 40 companies in the UAE and worldwide.

In a bid to promote the growth of the tourism industry in Abu Dhabi, the emirate's Department of Culture and Tourism has set the annual tourism business license fee at AED 1,000. The department said in a statement the revised fee would be welcome news to existing license holders who...

Leaders of the UK Abraham Accords Group and Sharaka will sign a cooperation agreement at a private event at the Crossroads of Civilizations Museum in Dubai.

Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai and vice president and prime minister of the UAE, issued Law No. (2) of 2022 on the expropriation of property for public use in the Emirate of Dubai. The new Law regulates the procedures for expropriating property for public use.

 Dubai Multi Commodities Centre has said it recorded its best year on record as it attracted 2, 485 companies in Dubai in 2021. The flagship free zone and Dubai government's authority on commodities trade and enterprise also saw its best June, August, September and November, reaching a total of over...

The Khalifa Fund for Enterprise Development has teamed up with eBay as the latest partner of the e-Empower initiative, under the Abu Dhabi Inspires program.

The company said as a supply chain crunch and inflation are set to ease.

The expert opinion comes as Riyadh hosts the International Mining Conference, the largest of its kind in the Middle East from January 11 to 13.

Cars, alcohol, and tobacco would not be exempted from customs fees, Jordanian Finance Minister Mohammad al-Ississ has said.

A320 family planes, which are most frequently used for short and medium-range flights, accounted for more than three-quarters of last year's deliveries.

The GTA-maker plans more smartphone versions of its games.

During the same period, fixed internet subscriptions totaled 526,367 and the fixed landline subscriptions went up to 577,966.

The President of the Saudi Post Corporation "Sabil" Anf bin Ahmed Abanmi, inaugurated on Monday the Saudi International Exhibition for Electronic Marketing and E-Commerce SIDMC 2022. The exhibition is held at the Riyadh International Convention and Exhibition Center, under the slogan "The Future of Trade Meeting”. A number of officials...

The UAE Ministry of Human Resources and Emiratization (MoHRE) called on private sector establishments to commit to timely paying the wages of their workers through the Wage Protection System (WPS). "The establishments’ commitment to pay wages on time would enhance the stability of the contractual relationship between its parties, and...

Dr. Tariq Humaid Al Tayer, Head of the Emirati-Latin American and North American Parliaments Friendship Committee of the Federal National Council (FNC), today met with Mexican Senator Ricardo Monreal to discuss parliamentary cooperation.

The exhibition highlights state-of-the-art innovations of more than 400 world-leading brands from 30 countries

The Ministry of Human Resources and Emiratisation (MoHRE) has asked private sector establishments to pay the wages of their workers through the Wage Protection System (WPS) on the scheduled dates.

Zayed University has signed a Memorandum of Understanding (MoU) with Injazat, a Digital Transformation, Cloud, and Cyber Security company, to mentor students on EdTech projects.