Nayifat Finance Company (NFC) will start trading on Tadawul on November 22, according to a Saudi Exchange filing.

The sector leaders addressed key trends within the global precious metals industry and how to harness current opportunities.

Twelve months before the 21 November, 2022 kick-off, the Qatari capital Doha is dotted with roadworks and building sites that are causing chaos for its inhabitants.

Airbus says the Middle East will need more than 3,000 aircraft by 2040.

A total of 408 aircraft (269 firm orders and 139 commitments) were ordered at the Dubai Airshow, the first major airshow since the pandemic. It covered the full range of commercial aircraft, including a first commitment for the A350F. In the pre-show event, Airbus launched its latest global market forecast...

AIQ  and Baker Hughes have entered into an agreement to develop advanced analytics solutions for the global oil and gas industry.

Chinese e-commerce leader Alibaba Group said on Thursday that its profit for the most recent quarter tumbled 81 percent as it grappled with a government crackdown on the country's big tech champions.

The acquisition will support the telecom giant's digital ambitions.

EDGE and Israel Aerospace Industries (IAI) have agreed to establish a maintenance center for a selection of IAI's systems in the UAE.

ADNOC Logistics & Services (ADNOC L&S) and AD Ports Group have signed an agreement to develop a new port and logistics facility at TA’ZIZ, the chemicals production and industrial hub currently under development at Ruwais. Under the agreement, ADNOC L&S and AD Ports Group will develop a liquids terminal and...

Airfares to some destinations from Kuwait have dropped by 50 to 200 percent after operations at Kuwait International Airport resumed full capacity in the last week of October. Nassib Adnan, the deputy director of a travel agency, said the Kuwaiti Cabinet's decision to reoperate the airport fully contributed to cutting...

Saudi Arabia has set up a $186.6 million worth solar panel factory in the Tabuk Industrial City to cater to growing demand for solar panels in the MENA region.

The two EPC contracts, awarded to National Petroleum Construction Company (NPCC) and a joint venture (JV) between Técnicas Reunidas and Target Engineering, include the construction of gas conditioning facilities, wellhead topsides, pipelines and umbilicals. Seventy percent of the award value will flow back into the UAE’s economy under ADNOC’s successful...

High fashion can be detrimental to the environment because of its large carbon footprint.

The aircraft, which is anticipated to join Qatar Airways fleet in the near future, will be the world's largest and most efficient twin-engine jet.

The deals were announced by the Executive Director of the Military Organizing Committee of the Dubai Airshow 2021 Major General Staff Pilot Ishaq Saleh Al Balushi, and Lt. Col. Pilot Sarah Hamad Al-Hajari, Dubai Airshow spokesperson.

Yahsat will support Mubadala Petroleum with satellites.

Emirates SkyCargo and Emirates Post Group (EPG) have signed a Memorandum of Understanding (MoU) to develop an e-commerce end-to-end global logistics platform, with a focus on serving markets in the Middle East, Africa and West Asia, said the local reports. Nabil Sultan, Emirates Divisional Senior Vice President, Cargo, said the...

Drones, guided missiles, simulators: the United Arab Emirates is on the offensive to develop its defense industry in a bid to wean itself off dependence on imports.

An unemployment rate of more than 11 percent and the crisis impact on entrepreneurs and startups major concerns in the region, says IMF chief.

The United Arab Emirates (UAE) will throw open schools, colleges, and universities from January next year to welcome students back after nearly two years of distance learning or online classes, necessitated because of the Covid pandemic.

France is negotiating an agreement with the United Arab Emirates (UAE) that would allow French Small and Medium-sized Enterprises (SMEs) to expand its presence in agri-food sector of the UAE.

The contract involves Virgin Australia's Boeing 737 fleet.

Delays to the certification of Boeing's 777X long-haul aircraft are costing billions and infuriating top customer Emirates, but the US manufacturer is banking on the model as air traffic rebounds.

French fund manager Amethis has bought a minority stake in the UAE-based firm.

The super vault presents a variety of top custody and security services. It features automatic robot-driven, safe-deposit boxes, medium and large safes, ultra-secure private rooms, art storage rooms equipped with the latest temperature and fire suppression systems and viewing, meeting rooms, lounges, and business desks, spread across 6,500 and 600...

The visa will enable MNC employees to participate in events, conferences, training courses, exhibitions and similar activities hosted in the emirate by these companies.

Saudi Arabia's General Authority for Small and Medium Enterprises (Monshaat), represented by the Commercial Franchise Center (Emtiyaz), is participating at the International Franchise Forum in Dubai, providing 10 Saudi brands an opportunity to franchise their brands and expand globally. The Forum was launched on Tuesday and will run for two...

The revolving credit facility deal was signed during Dubai Airshow.

The issue's maturity period is six months, with a return rate of 1.250 percent.

Iraq is expected to scale up its oil exports to 3.4 million barrels per day in the first quarter of 2022. Ihsan Abdul Jabbar, the Iraqi oil minister, was quoted by the Iraqi state news agency as saying.

Emirates announced at the Dubai Airshow 2021 on Tuesday that it will retrofit 105 of its modern wide-body aircraft with its Premium Economy product, in addition to other cabin enhancements. The 18-month retrofit program, scheduled to begin at the end of 2022, will be entirely conducted at Emirates’ Engineering Centre...

The country’s inflation in the last quarter of this year, however, will be relatively stable, SAMA has pointed out. As for the Q3, the Kingdom recorded an average yearly inflation rate of 0.4 percent. This was mainly the result of higher prices of transportation.

Abu Dhabi's national oil company announced Tuesday a $6 billion investment in crude oil drilling as it ramps up production capacity. The announcement comes a day after the United Arab Emirates (UAE) said a recent UN climate summit in Glasgow was a "success" but that the world needs to keep...

Investment Holding Group Q.P.S.C. has signed a share swap contract with the sellers of the shares of Elegancia Group LLC as part of its acquisition of the company.

Mubarak Jaffar, CEO of the cloud-kitchen firm KLC company, tells TRENDS how virtual kitchens are feeding a growing demand.

For new investors, the new service will require only three steps: visiting the Saudi Ministry of Foreign Affairs website and applying for "adding a request for attestation of a contract" at the Kingdom's embassies abroad. The service was inaugurated in a number of the Kingdom's embassies.

The trio is estimated to make pre-tax profits of $34 billion this year: over $1,000 a second, $65,000 a minute, or $93.5 million a day.

Briefing a National Assembly panel, Commerce Ministry’s Director-General Dr. Syed Kausar Zaidi said that Saudi Arabia imports 80 percent of its rice from India.

The deals were signed with one local company and four others from around the world.

One of the four agreements is with Inmarsat, the world leader in mobile satellite communications, and GDC Technics, a leader in engineering, technical services, and electronic systems, to supply 35 of the group's new Airbus A321neo and A321XLR aircraft with the GX Aviation network, a broadband connection that provides advanced...

The deals were signed at the Saudi Trade Finance Summit.

Emirates SkyCargo was the launch customer for the Boeing 777-F and the aircraft has been at the heart of the carrier’s operations since 2009. The addition of two new freighter aircraft will strengthen Emirates SkyCargo’s customer offering allowing for increased agility and flexibility in its operations.

The new decree-law is expected to, among other things, regulate job contracts and give workers more rights.

In oil exporting countries, the fiscal deficits in 2020 will be replaced by large surpluses in 2021 and 2022, mainly in GCC. If oil prices average US$ 81/b in 2022, fiscal balances in Saudi Arabia, the UAE, Qatar, Iraq, and Oman are projected to be higher than 3% of GDP.

Dubai Airshow and the UAE Space Agency will collaborate to position Dubai Airshow as a key platform for companies and investors in the space sector. The partnership will enable space companies to benefit from the participation, engagements, networking and agreements created at Dubai Airshow, they said in a statement. The...

The global aviation sector has begun to emerge from the Covid pandemic, its worst-ever crisis, and the "outlook is starting to brighten", Airbus CEO Guillaume Faury told journalists Monday. A large order of 255 of Airbus' single-aisle A231 planes announced Sunday at the Dubai Airshow "completely justifies" a shift to...

Prince of Monaco, Albert II has called Expo 2020 Dubai a "great opportunity" to enhance the cooperation between his country and the UAE besides establishing links with other countries. Speaking on the sidelines of the celebration of the National Day of Monaco at Expo 2020 Dubai, he said that UAE...

Abu Dhabi Waste Management Centre (Tadweer) has signed an agreement with Etihad Airways to facilitate the development of the first Waste-to-Sustainable Aviation Fuel (WtF) plant in the Middle East. The agreement was signed at Dubai Air Show 2021. Upon completion, the plant will have the potential to transform up to...

US company Air Lease Corporation (ALC) has signed a letter of intent to purchase 111 Airbus aircraft, the European plane-maker said in a statement on Monday. The agreement is for 25 A220-300s, 55 A321neos, 20 A321XLRs, four A330neos and seven A350Fs. The order will be finalized in the coming months...