Dubai records $81 billion worth of real estate transactions in 2021
Dubai's real estate market recorded 84,772 transactions representing a value of AED300 billion ($81 billion) in 2021, according to the annual transaction report issued by the Dubai Land Department (DLD). The report revealed a 65 percent growth in the number of transactions and a 71 percent increase in value compared...France hits Google, Facebook with huge fines over ‘cookies’
Cookies are little packets of data that are set up on a user's computer when they visit a website, allowing web browsers to save information about their session.Iraq acquires ExxonMobil share
The share was bought by Iraqi national oil company.‘Social media key to brand identity in 2022’
Changes in digital marketing have forced the hand of digital marketers in a do-or-die way, says Farhad Divecha, founder and MD of AccuraCast, a UK leading digital marketing agency.Many firms to join Pure Health
ADQ signs pact to create UAE's biggest healthcare platform.Iran supplies gas for domestic consumption despite challenges: Minister
The Oil Minister of Iran Javad Owji has said that his country has not faced the need to cut the gas in any area despite decreased pressure problem, and thanked his colleagues and people for it, Iranian media reports said. The petroleum minister was referring to the gas consumption in...Barter best payment method in Iran-Pakistan trade: Official
The Secretary-General of Iran-Pakistan Joint Chamber of Commerce Fahimeh Damroudi said that barter is the best choice of exchange as the proper way of financial exchange does not exist. Reportedly, Iranian President Ebrahim Raisi has repeatedly underlined the importance of trade development with neighbors. As the president stressed, boost in...Mumzworld CEO says committed to supporting Mideast businesswomen
Mumzworld has over 350 staff, with over 6,000 brands and more than 300,000 products for sale on the website, and a business that has created momentum for other women to succeed and create more jobs in the regionADNOC awards $946m EPC contract
The contract awarded to NPCC for the development of Umm Shaif field.Ooredoo, Hutchison merge
New company is named as PT Indosat Ooredoo Hutchison Tbk.Japan tuna fetches $145,000 as Covid-19 affects year’s first auction
The buyer hoped that the first purchase would 'brighten' a Covid-hit 2022 for customers.Sony arm to make EVs
The Sony Mobility subsidiary will be created in spring 2022.What cyberthreats can Middle East expect in 2022?
Cyberattacks in the Middle East hit record levels in 2021. Reports suggest that malware, distributed denial of service (DDOS) attacks, ransomware, and other common threat vectors grew by double digits in 2021, with the government, private, oil and gas, telecom, and healthcare and finance sectors being the most affected.Leaked memo says rusty Qantas pilots making errors: report
Qantas recognised very early that it needed to reassess pilots' recent and current flight time requirements as well as its "refamiliarisation programs", a Qantas spokeswoman said. "We designed an enhanced return-to-work program fit for the unprecedented challenge facing our industry," the spokeswoman added.Space business takes centerstage as CES tech show begins
The display of technology like the life-size model Dream Chaser ship at the CES tech show is a sharp signal that the commercial space era is upon us. Experts see a path for companies to power an unprecedented era of rapid advances.Expo opportunity to boost Sri Lanka’s tourism: Minister
Foreign Minister of Sri Lanka Gamini Lakshman Peiris said that Expo 2020 Dubai is a great opportunity and a world-class platform to promote his country as a major tourist attraction. During Sri Lanka’s National Day celebrations at Expo 2020 Dubai, Peiris noted that the warm hospitality shown to tourists by...Construction of DP World port in Senegal begins with laying of first stone
President of Senegal Macky Sall on Tuesday laid the foundation stone for the construction of a port that will be built and operated by DP World at Ndayane, about 50-km from the existing port in the capital Dakar. The investment of more than $1.13 billion in two phases to develop...Five top crypto trends to watch out for in 2022
In 2021, the total market capitalization for the crypto market increased from around $800bn to $2.2trn. The year also witnessed some of the important developments in the crypto market.Expo 2020 hits halfway mark, records nearly 9 million visitors
Expo 2020, the world's biggest event since the pandemic, has passed the halfway mark, recording nearly nine million visitors so far. The visits have been boosted by a slate of spectacular events across the December festive season and with more world-class sport, music and cultural performances expected in the second...Alpha Dhabi acquires stake in Al Qudra
Deal part of ADH's $2.17 billion investment plan.Dubai’s Emaar group to develop shopping mall in Kashmir
The governments of Dubai and Jammu & Kashmir have signed a memorandum of understanding (MoU) to facilitate investment in the proposed project.Dubai approves 600 housing loans worth $163m
The loans are to be provided by the Mohammed bin Rashid Housing Establishment as part of housing projects announced last year.US telecom firms agree to airlines’ call, delay 5G rollout
The move came a day after AT&T and Verizon rebuffed a request to delay the already delayed rollout, prompting airlines to threaten legal action. Aviation regulators have raised concerns that the new system might interfere with the devices planes use to measure altitude.‘Challenging year ahead for logistics industry’
Companies have used innovative methods to keep their operations running while overcoming numerous challenges linked to Covid-19 pandemic. However, the situation in the air freight market "continues to remain challenging," according to DHL Global Forwarding Middle East & Africa CEO Amadou Diallo.Apple hits $3trn valuation
It has become the first US company to reach that valuation.Ajman issues 41 percent more economic licenses in 2021
The economic licenses issued by the Department of Economic Development in Ajman (Ajman DED) during 2021 grew by 41 percent. Also, the number of establishments reached 27,913, and the Labor Resilience Index reached 17 percent. The efforts and initiatives launched by the Ajman DED during 2021 have resulted in a...Emirates declared safest airline globally by Hamburg-based JACDEC
The Hamburg-based Jet Airliner Crash Data Evaluation Centre (JACDEC) has again named Emirates Airline as the world’s safest airline in a survey carried out for Aero International aviation magazine, media reports said. Emirates Airline is the world's largest operator of double-decker Airbus A380s - the largest passenger jet in history. With...Syria to host three-day exhibition of Jordan’s trade and services
An exhibition of Jordan’s trade and services is scheduled to start next Tuesday in the Syrian capital, Damascus. The event is jointly organized by the Jordan Chamber of Commerce (JCC) and the Federation of Syrian Chambers of Commerce (FSCC). JCC said that the three-day exhibition will be held at Damascus...OPEC names Kuwaiti Haitham al-Ghais as next secretary general
Al-Ghais, who was Kuwait's OPEC governor from 2017 to June 2021, serves as a deputy managing director of the Kuwait Petroleum Corporation (KPC). His decades of experience in the industry include stints in Beijing and London for the state oil corporation.MAWANI and SCCA sign MoU
Both will create an environment for the settlement of disputes.Top Saudi Arabian companies pay stable to higher dividends in 2021
Saudi Arabia's 10 biggest companies witnessed the recovery of dividends paid out to investors in 2021, as the economy began to rebound from Covid-19 setbacks, although it remains to be seen how the Omicron variant will affect the gains. The 10 companies, valued at more than $2 trillion (SR 7.5...CES prepares to draw tech crowd despite Covid-19 surge
Multiple companies — including Amazon, BMW, and Microsoft — reduced or canceled their attendance as Covid-19 case numbers broke records, but organizers said safety protocols were in place for thousands of expected attendees. But some experts urged caution and daily testing, as not all attendees can be counted on to...Alpha Dhabi Holding raises stake in Aldar Properties to 30%
Alpha Dhabi Holding (ADH) has announced the acquisition of an additional 17 percent shareholding of Aldar Properties. The acquisition will increase Alpha Dhabi Holding’s shares in Aldar Properties to 29.8 percent, making it one of the largest shareholders, said an ADH statement on Monday.Factors that may impact oil’s demand-fueled recovery
At the global scale, 56.5 percent of oil reserves and 26.7 percent of natural gas reserves are owned by Arab countries.Jordan defers Covid-19-hit restaurants’ repayments till mid-2022
Issam Fakhreddin, the head of Jordan Restaurants Association called on tourist restaurants to submit a written request and a document of inability to repayHuawei revenues down 29%
Huawei is the world's biggest supplier of telecoms network gear.Suez Canal revenues hit all-time high of $6.3bn in 2021
The revenues rose by $720 million, or 12.8 percent, in 2021 compared to 2020 when they were $5.6 billion.GCC countries competing to lead the world in AI
Several countries in the region have already formed AI policies to support their national goals after this technology demonstrated its ability to serve in several areas.AT&T, Verizon defy 5G block
The US had asked them to delay 5G rollout by 2 weeks.On 40th anniversary, Abu Dhabi Airport vows improved services
Abu Dhabi Airports marked the 40th anniversary of the inauguration of Abu Dhabi International Airport (AUH) on Sunday, local media reports said. "Abu Dhabi International Airport has connected the world to Abu Dhabi for 40 years and fueled the emirate’s emergence as a leading destination for tourism, trade and commerce,”...Record cargo shipped through Egypt’s Suez Canal last year
Egypt's Suez Canal Authority said the key waterway netted record revenues last year, despite the coronavirus pandemic and a six-day blockage by giant cargo ship the Ever Given. Connecting the Red Sea and the Mediterranean, the canal accounts for roughly 10 percent of global maritime trade and is a source...Emaar Development CEO resigns
Bader Hareb resigned with effect from December 30 for ‘personal reasons.’Iran gas platform out of service after catching fire
The gas transmission pipeline of platform 16 of South Pars gas field started leaking on the seabed.Covid-19 clouds hover over world’s New Year party
As the year drew to a close, the emergence of the Omicron variant pushed the number of daily new Covid-19 cases past one million for the first time. France on Friday became the latest country to announce Omicron was now its dominant coronavirus strain.Gulf markets end 2021 on positive note
The Gulf financial markets ended 2021 on the rise, waiting to achieve significant gains next year.Tesla recalls 700,000 vehicles
Around 200,000 were recalled in China, after 500,000 in the US.Saudi central bank to use Bloomberg for repo operations from January
Bloomberg's Auction System is a part of Bloomberg's enterprise solution for central banks and government financial agencies.Ikea to hike prices by 9%
The hike is due to pandemic-fueled supply-chain snarls.AD Ports Group revenue grows 22% to US$760mn in 2021
AD Ports Group signed several partnerships to accelerate trade and the development of industry in the UAE and beyond, including working closely with Abu Dhabi National Oil Company (ADNOC) to enhance safety across Abu Dhabi’s waterways and collaboration with France-based CMA CGM Group to invest AED570 million in a new...Palestinians raise alarm over Facebook content ‘suppression’
Allegations of pro-Israeli bias at Facebook were renewed in October when Human Rights Watch said the platform had "suppressed content posted by Palestinians



















































