The KUEC will aim to encourage technology investors and entrepreneurs to partner with the University to commercialize its growing patent portfolio, in areas such as energy, advanced manufacturing, health, artificial intelligence and robotics, through creation of technology startups.

It wants half its sales to be electric or hybrid vehicles by 2030.

Morocco can attract big Indian investment due to its talented human resources and an impressive investment climate, said Ashwath Narayan, Minister of Technology of India's Karnataka State. Local media reports said the Indian minister was a part of the meeting involving Director-General of the Moroccan Agency for the Development of...

Two leading Iranian banks have welcomed a decision by a Hague-based tribunal to order Bahrain to pay them more than $270 million in compensation for its 2015 closure of a bank they had supported.

Abu Dhabi will host a new Amazon fulfillment center, expected to be the most technologically advanced in the region. It will begin to operate from 2024.

Emirates Global Aluminium (EGA) and GE Gas Power have signed an agreement to reduce greenhouse gas emissions from EGA’s existing GE natural gas turbines. The decarbonization roadmap will include exploring options for replacing natural gas with hydrogen and hydrogen-blended fuels for combustion in EGA’s GE turbines, as well as integrating...

GreenDome Investments has bought out Elite Co. from Prama Holdings, in a deal representing one of the region’s largest acquisitions in the logistics market.

Dubai hosted the naming ceremony of a cruise ship, MSC Virtuosa, which was officially named by Hollywood star Sophia Lauren in the presence of Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Council for Border Crossing Points Security. MSC Cruises, the world’s third-largest cruise operator and part...

Iraq's oil Minister Ihsan Abdul-Jabbar has said that Iraq has worked on a vision that emphasizes the importance of finding a balance in the energy market, ahead of the new OPEC + meeting next month to study market conditions. "Iraq is a major member of OPEC and we have repeatedly...

Director-General of the Kuwaiti Public Authority for Sport Humoud Flaiteh has said that new sports rules will be adopted soon, allowing football, handball, volleyball and basketball players to be dedicated to their games during a sports season. Local media reports said that distinguished individual athletes representing Kuwaiti national sports teams...

Stock markets across the MENA region suffered losses on Sunday as dip in oil prices and mounting concern over ‘Omicron’ weighed heavily on investors’ minds.

The Dakar rally will be raced across the daunting deserts of Saudi Arabia again in 2022 with organizers on Sunday revealing the full route that exploits the depths of the Rub' al Khali.

As the world looks to pare inflation, it is facing headwinds from the high freight rates currently prevalent all across the globe.

It will be held at Riyadh Front, one of the entertainment zones for Riyadh Season 2021.

The Omicron variant of Covid-19 has led to travel restrictions, which has forced the WTO to postpone the ministerial conference in Geneva. The WTO hoped the four-day gathering would breathe new life into the organization, which has been stuck for years trying to make progress on resolving issues like fishery...

The Public Investment Fund, which seeks to lessen the Kingdom's reliance on oil as part of Vision 2030, eyes both local and international markets

It has stopped flights to South Africa, Zimbabwe, and Mozambique.

This partnership is expected to support UAE Industry 4.0.

Saudi Arabia has cancelled the maximum age limit of 50 years for all foreign pilgrims, as per local sources.

EFG Hermes, the first universal bank in Egypt and the leading investment bank in Frontier Emerging Markets (FEM), has launched an advanced version of its flagship “EFG Hermes One” trading platform.

Abu Dhabi has announced disbursement of housing loans and houses, and residential plots and the exemption of families of deceased and retirees mortgagors from loan repayments.

Saudi officials of the Zakat, Tax and Customs Authority (ZATCA) have seized more than 2.1 million Captagon pills at Haditha Border Entry Point in some seven attempts to smuggle contraband into the kingdom.

The rail cooperation document was signed between the three countries on the sidelines of the summit of ECO member-states.

Stock exchanges in the GCC region saw quite a few ups and downs this week.

Hosted by the Global Esports Federation (GEF), the event was part of the GMIS Week that runs from 22 to 27 November at Expo 2020’s Dubai Exhibition Centre.

Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday.

Persistent double-digit inflation and the weakness of the Turkish currency has eroded the purchasing power of Turkish consumers, leading to a cost of living crisis and pressure on the government to act. The iPhone 12, one of Apple's bestsellers, cost 10,999 liras on Thursday evening.

Masdar, a renewable energy company and a subsidiary of Mubadala Investment Company, will build a 200-megawatt solar photovoltaic (PV) plant in Armenia under an MoU it signed with the Armenian government. The Ayg-1 project will be Armenia’s largest utility-scale solar plant. The Government Support Agreement (GSA) was signed by Gnel...

Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, chaired a meeting of the Higher Committee Overseeing National Strategy on Anti-Money Laundering and Countering Financing of Terrorism in 2021 at Expo Dubai.

Dubai has introduced an automated system that performs the duties of the notary public without human interference and does away with the need for the presence of a person at the office of the notary public. The 'electronic notary public' comes into being after an amendment to Dubai's Notary Public...

With the Covid-19 pandemic leading people to start their own businesses, a good beginning could make all the difference.

Gulf Capital, a UAE-based financial institution, has added Abu Dhabi and Dubai to the list of potential markets for the initial public offerings for one of its assets in 2022.

The arrival of the 252-meter-long cruise ship, AIDAbella, at Dubai Harbour on Friday marked the start of the cruise season at Dubai's seafront district. Carrying 1,200 passengers and 600 crew members, the ship's arrival also marks the official debut of the region’s most modern and largest, standalone dedicated twin cruise...

Firms linked to travel were among the worst affected as investors fretted over the possibility of more government-mandated restrictions.

The company has been added to key UAE and global small-cap indices.

The Dubai Land Department or DLD said the emirate saw a total of 1,850 real-estate transactions over the seven-day period.

Diriyah Square has been billed as an icon of DGDA projects, due to its unique attractions and luxurious modern lifestyles.

It has set up operations in Zanzibar with $7m investment.

AD Ports Group and Turkey’s Turkiye Varlik Fonu signed a strategic partnership agreement to collaborate on major investment opportunities for port development and operations besides coordinating efforts to examine other logistics-related investment projects within Turkey. Under the terms of the agreement, the two organizations will also collaborate in establishing a...

The move is aimed at expanding its footprint in tourism.

Iraq's crude oil export revenues reached $7 billion in October, according to the Iraqi Oil Marketing Company (Somo). Local media reports, which cited the Iraqi oil ministry's statement, said more than 96 million barrels of crude oil were exported in October. Of this, the quantity of crude oil exported from...

Qatari cabinet has approved draft social security and military retirement laws aimed at establishing "an effective social protection system for all Qataris to face the burdens of life, meet the aspirations of retirees and ensure a decent life for them and their families". The draft laws call for expanding the...

Expo 2020 Dubai, the largest global event and the first-of-its-kind in the Middle East, boosted the Dubai real estate market that registered the highest number of transactions, worth AED13.12 billion ($3.57 billion), in the past eight years. According to the data of the 20th edition of Mo’asher, Dubai’s official sales...

Al Bayader International, for example, has set up solar farms to offset energy costs and build sustainability, says Founder and CEO Nidal Haddad.

The move is believed to be part of the Saudi Vision 2030 strategy, through which the country looks to diversify its economy.

The loans were given to industrial companies in five priority sectors.

Egypt has edged out its Arab neighbors in natural gas exports and exported one million tons of liquefied natural gas during the third quarter of 2021.

Consumption of electrical energy is increasing by 10 percent annually in Iraq, which necessitates a robust distribution network, said the French company Schneider Electric. Schneider has signed an MoU with Iraq's Ministry of Electricity for the development of the electric power distribution network in the country, local media reports said....

Emirates Stallions Group (ESG) has bought a 70 percent stake in WFC Holding as part of its plan to diversify into new areas, the company said on Wednesday.

Samsung said on Tuesday it will build a microchip factory in Texas, a $17 billion investment that comes as semiconductor shortages are causing supply chain delays across many industries. "Welcome to Texas, Samsung!' tweeted Texas' Republican governor Greg Abbott, who called the planned factory "the largest foreign direct investment in...