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...

Emirates Development Bank (EDB) has signed a strategic agreement with Dubai Industries & Exports (Dubai IE) to provide innovative financing and banking solutions to SMEs and corporates The initiative is aimed at supporting the growth of UAE’s industrial sectors and exports. Ahmed Mohamed Al Naqbi, CEO of EDB, said EDB...

For the first time in the company’s history, the three-year AED11 billion PBL contract will see GAL support the AFAD with their operational readiness.

The Saudi Ports Authority (MAWANI) has signed an agreement with Cruise Saudi and Globe Group to build a new cruise terminal at King Abdulaziz Port in Dammam and four berths at King Abdulaziz Port in Dammam and Yanbu Commercial Port. MAWANI said the move comes as part of its ongoing...

The MoU comes as part of Tawazun’s endeavors to attract long-term partnerships with leading defense and security, aviation and aerospace manufacturing companies.

Accenture will help L'Oréal Middle East improve its consumer experience.

Fortnite’s Chinese test version was released in 2018, but it never got the permission to be formally launched and monetized.

This was the first meeting of ADGM’s new Board of Directors.

The Kingdom ranks 26 in the Mercer Institute Global Pension Index 2021 for the fourth year in a row, with a total of 58.1 points, up from 57.5 last year.

The license allows Abu Dhabi citizens, residents, and non-residents to conduct commercial activities from anywhere in the world.

A sustainability-focused company strategy boosts brand value and efficiency, matches customer demands, attracts top personnel, and opens new doors.

Emaar Development sales were AED20.943 billion in Jan-Sept 2021.

Israeli weapons-maker Elbit Systems launched a new venture in the United Arab Emirates on Sunday, an announcement that comes ahead of visits to Dubai by senior Israeli military officials. The manufacturer of the Hermes armed drone and cutting-edge surveillance technology, among other products, hailed the announcement as a product of...

The Qatar Islamic Bank (QIB) has been ranked as the "Fourth Strongest Bank in the Middle East" and "Second Strongest Islamic Bank in the World". The bank was also named as the 'Strongest Bank' and the 'Strongest Islamic Bank' in Qatar. In its 2021 Rankings for the 500 Strongest Banks,...

About 88 percent of the affluent people in the UAE have reset their life goals following the Corona pandemic, and 43 percent of them feel the pandemic has made them less confident to utilize their finances for achieving goals, a Standard Chartered survey has found. The bank surveyed affluent, emerging...

Airbus came out strongly at the Dubai Airshow on Sunday with a group order for 255 single-aisle A321 aircraft, marking the first major deal of its kind since the pandemic began. The European plane-maker's announcement came shortly after its American rival Boeing said it would fulfill an order to convert...

The Central Bank of the UAE (CBUAE) will publish a new index for actual overnight funding transactions denominated in UAE Dirham from 7 Dec. 2021, as part of the new Dirham Monetary Framework implementation plan. Named DONIA (Dirham Overnight Index Average), the index is the effective overnight reference rate for...

The rise is attributed to volume growth, business diversification.

Tadawul, the Saudi Exchange, has barred Anaam International Holding Group from trading for one day, after an adverse comment in auditor’s report against the company.

Al Yah Satellite Communications Company (Yahsat) of Abu Dhabi has been included in MSCI’s global indices.

The airline cited the Belarus-Poland border crisis as a reason.

Passenger numbers have grown ahead of the holiday season.

The Dubai Securities and Exchange Higher Committee has decided to list Salik on Dubai Financial Market (DFM) in order to broaden the size of the stock market in the emirate to AED3 trillion in the future.

Trade between Jordan and the United Arab Emirates has grown to $891 million during the course of last year, and the UAE has invested some $17 billion in Jordan, in a sign of strong economic ties.

More than 30 top energy executives from around the world will come together at the 7th Abu Dhabi CEO Roundtable, hosted by the Abu Dhabi National Oil Company (ADNOC).

Boeing has endured a series of crises as Airbus recovers.

Nearly eight months after the process was undertaken by the two companies, the merger of Emaar Properties with Emaar Malls will finally happen on November 21.

The agreement heralds a new era in the history of the European Tour group, which, along with DP World, will celebrate its 50th anniversary in 2022.

Musk's selloff came days after he created a Twitter poll in which millions voted asking whether he should sell 10 percent of his huge stake in the electric carmaker.

Hotel occupancy rates in October stood at nearly 81.6 percent, with the average daily rate (ADR) at AED776.

The solar farm should have a capacity of more than 5 MW.

The break ups "represent a trend line that has been out there for 20 years ," said Michael Useem, professor at the University of Pennsylvania's Wharton School.

The discussions took place during a meeting on Friday, November 12, in Dubai between Jordan’s Prime Minister Bisher Khasawneh and Emirati Deputy Prime Minister and Minister of the Interior Shiekh Saif bin Zayed Al Nahyan. The two sides highlighted the mutual ties that apparently bring together Amman and Abu Dhabi.

Saudi Arabian Airlines has been the least complained about airline in the kingdom during October 21, followed by Flyadeal. For every 100,000 passengers, Saudi Arabian Airlines received seven complaints and it had a complaint-processing rate of 82 percent. At 16 complaints per 100,000 passengers, Flyadeal came second. It had a...

The Saudi stock market is now larger than the Kingdom's entire economy — even without taking Aramco into consideration, the Capital Market Authority (CMA) chairman has said.

The zenith of Istanbul's porter tradition to the early 1800s, when Sultan Mahmud II ruled what was still known as Constantinople.

Emirates will put on a display at Dubai Airshow 2021 four-class configured A380 with premium economy class cabin, refreshed interiors and enhancements across all cabins onboard the newest aircraft.

Kuwait Airways has signed a loan and exchange agreement with seven Arab airlines that will be used to swap spare parts in emergency cases, said the company's Chairman, Captain Ali Al-Dukhan. Al-Dukhan affirmed that the signing came on the sidelines of the 54th General Assembly of the Arab Air Transport...

Airlines are still deep in the red, with losses expected to extend by another $51.8 billion this year.

Aleastur, top European metal producer, has set up first plant for aluminum grain refiners and master alloys production in Bahrain.

The company to respect the Chicago Treaty, bilateral air services agreements

Stock markets in the Arab region were mostly in the green in the week gone by.

The village seeks to be an advanced logistics center that provides all means for logistics service providers and technical support companies.

Meddy Inc, the Qatar-based doctor booking service, has been bought out by the African health tech company Helium Health, embarking on its first expansion outside the continent.

Syria has signed a deal with United Arab Emirates firms for the construction of a solar power plant near Damascus, state media said Thursday, in a sign of growing economic ties.

Saudi Arabia has sold two bonds--a sukuk tranche and a conventional bond--for $3.25, the kingdom's National Debt Management Center (NDMC) has announced. The value of the first tranche is at $2 billion for a nine-and-a-half-year sukuk maturing in 2031, while the second tranche of $1.25 billion is for a 30-year...

Abu Dhabi Fund for Development (ADFD) will provide the Butha-Buthe District in Lesotho with $20 million in finance for the development of a water supply system in the area.

Trade between the United Arab Emirates (UAE) and Italy has surged 68.6 percent to AED15.84 billion in the first half of 2021, compared AED9.4 billion in the same period last year.

The airline said it served over 1.9 million passengers from its five hubs.