The Gulf country has welcomed the increased cooperation of French companies, including in energy, water, and waste management, sustainable cities, transportation, civil aviation, mobility solutions, digital economy, and health. Meanwhile, France seeks to attract Saudi investments in the public and private sectors, namely in new technologies, emerging companies, and future...

The Saudi Arabian Military Industries, a subsidiary of the Public Investment Fund, launched a joint venture with French company Figeac Aero to produce aerostructure components in the kingdom.

Egypt will increase cotton gins capacity to 4.4 million kantars annually up from 1.5 million kantars, according to a government report.

Mubadala Investment Company (Mubadala) has revealed that it signed two agreements to facilitate investments in sectors of mutual priority and interest in France.

American digital company BuzzFeed, known for its viral content and journalism, will go public on Monday after it initially raised less money than expected.

‘The delivery sector has become critical to the hospitality industry's survival,’ says Deliverect Middle East General Manager Naji Haddad.

Extremists are abusing its new photo-sharing rule.

The deal with members including the US, EU, and Saudi Arabia agreeing to new ways to help businesses.

Samsung Engineering has bagged a $1.23 billion contract from Aramco to develop Jafurah Gas Process Package 1, a major project that marks the first shale gas development in Saudi Arabia.

Saeed Mohammed Al Tayer, MD&CEO of Dubai Electricity and Water Authority (DEWA), has inaugurated the ‘Noor Energy 1 Visitors Centre’ at the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The 950-megawatt phase has investments totaling AED15.78 billion based on the Independent Power Producer (IPP) model. The...

Royal Dutch Shell has exited the planned Cambo oilfield project off the Scottish coast because of insufficient financial gain, as energy firms face fierce pressure to switch to greener fuels.

The Louvre Abu Dhabi's license has been extended by 10 years to 2047, the French presidency said Friday during a visit by Emmanuel Macron to the United Arab Emirates.

The Rafale order is the biggest made internationally for the aircraft since it entered into service in 2004.

SB Group founder and CEO Sanjeevv Bhatia says the hotel industry can no longer ignore net-zero goals.

"Jordan represents a unique and strategic opportunity for global investors. We are looking forward to strengthening our ties further in the region", says Devan Gohil, Director at RiverBay Capital. The firm's new mandate is likely to see a significant flow of overseas capital being deployed in the country over the...

The OPEC+ alliance led by Saudi Arabia and Russia had so far resisted US-led pressure to significantly boost output to rein in surging energy prices.

Jeff Bezos' Blue Origin, aerospace company Nanoracks and defense contractor Northrop Grumman won $130 million, $160 million, and $125.6 million contracts respectively to develop their orbital outposts. A fourth company, Axiom Space, was previously awarded a $140 million contract.

Saudi GP said the UAE company is now an official supporter.

Brussels slapped fines totaling 344 million euros (390 million dollars) Thursday on Barclays, RBS, HSBC and Credit Suisse after finding the banks had engaged in a forex trading cartel. Traders at UBS were also found to have taken part, but the European Commission agreed to reduce the Swiss bank's fine...

Chief Executive of Pakistan International Airlines (PIA) Air Marshal Arshad Malik announced that the PIA will start direct flights from Karachi to Mashad in Iran from 1 Jan 2022. Iranian local media reports said that Arshad Malik was speaking in a meeting with Ambassador of Iran in Pakistan Mohammad Ali...

The Central Bank of Jordan (CBJ) has joined the Network for Greening the Financial System (NGFS), a network of 100 central banks and financial supervisors that aims to accelerate the scaling up of green finance and develop recommendations for central banks' role in climate change. The bank, according to local...

The agreement is expected to yield low-carbon energy services.

Travel links with and within Libya were severely disrupted by the 2011 revolt that overthrew dictator Moamer Gadhafi.

The company said it would no longer use angora wool.

The OPEC+ alliance led by Saudi Arabia and Russia has so far resisted US-led pressure to significantly boost output to rein in surging energy prices.

UAE's first licensed drone delivery service provider, BARQ EV, has broken two Guinness World Records-- the longest (13.58km) flight of a drone for the delivery service and the longest (18.065km) non-stop return flight for a drone. BARQ EV said in a statement that the two records are a testament to...

The company announces a significant rise in oil and gas reserves.

Manchester United co-chairman Avram Glazer has acquired a franchise for a new T20 professional cricket league in the United Arab Emirates, organizers announced on Wednesday. Glazer completed the purchase in his role as chairman of private equity firm Lancer Capital.

Ralf Wintergerst, Group CEO of 170-year-old German firm Giesecke+Devrient (G+D), said physical currency is a resilient form of payment and it is here to stay alongside digital currency.

For the 11th time, dnata has been named Ground Support Services Provider of the Year at the 2021 Aviation Business Awards. The award was accepted by Jaffar Dawood, dnata’s Senior Vice President for UAE Airport Operations, at a gala dinner in Dubai. As one of the world’s leading air services...

The MoU will enhance the scope of digital transformation.

A total of 44 GCC brands, which include Emirates, Aljazeera, and ADNOC Distribution, figure in the 2021-2022 World Branding Awards. More than 5,300 brands from over 60 countries were nominated for the awards across multiple categories. Of these, only 500 brands were declared winners. The Virtual Awards Ceremony welcomed over...

Egypt has decided to levy a ten percent customs tax on the import of mobile phones in order to promote local industry.

The Economic Development Board (EDB), Bahrain's investment promotion agency, on Tuesday announced the launch of the investment platform (invest.bh) that allows investors to access investment opportunities in the kingdom's strategic projects. The launch is part of Bahrain's Economic Recovery Plan which saw the announcement of strategic projects worth more than...

Listing opportunity for investors to invest in disruptive technologies.

Qatar has affirmed its commitment to the principles and agreements of the World Trade Organization (WTO), and praised the body's role in consolidating international trade.

Bourla likened the situation to the scenario earlier this year when Pfizer and its German partner BioNTech developed a vaccine in 95 days against Delta which ultimately was not used.

Parag Agrawal named to the post as Jack Dorsey resigns.

Barry Greenberg, Of Counsel at BSA Ahmad Bin Hezeem & Associated, breaks down what a landmark bankruptcy ruling means for regional companies.

Acquisition aimed at diversifying Emirates Stallions' business.

Khalifa University of Science and Technology has launched a business and investment arm of the university named Khalifa University Enterprises Company (KUEC), with an endowment of AED100 million.

The UAE's federal export credit company Etihad Credit Insurance (ECI) signed an MoU with Greece’s Export Credit Insurance Organization (ECIO) to boost the bilateral trade and economic cooperation between the UAE and Greece. The two agencies will support local businesses of both the countries operating in agriculture, construction, renewable energy,...

The Central Bank of Kuwait (CBK) and Capital Market Authority (CMA) have launched a campaign to educate people about virtual assets (crypto currencies and coins).

A meeting of the GCC triathlon federations was held in Doha to discuss proposals for the development of sports in the region.

To commemorate the UAE’s National Day, Emirates Post Group (EPG) will issue non-fungible token (NFT) stamps, the first in the region.

"Our successful partnership with Idemitsu underlines the Group’s strong competencies in the lubricants business,” Saif Humaid Al Falasi, Group CEO, ENOC Group, said. “We offer products of the highest quality while adhering to all international safety and quality standards”.

Under the agreement, the ECI will provide Tradeling’s customers with a broad range of trade credit insurance solutions.

Alfardan Automotive's regional center will be located in the mobility industries cluster in Umm Al Houl Free Zone, located near Hamad Port a greenfield mega port enhancing trade through the port and increasing the volume of goods passing through it.

Abu Dhabi-based AD Ports Group has inked an initial agreement with Bahrain-based real-estate firms Diyar Al Muharraq and the Eagle Hills Diyar Company to explore cruise-sector opportunities in their home country. As part of the agreement, they are expected to develop and operate new cruise infrastructure in Bahrain.

International tourist arrivals will this year remain 70-75 percent below the 1.5 billion arrivals recorded in 2019, before the pandemic hit, says the UNWTO.