The parties agreed on a strategic plan to implement new measures over the next nine months to strengthen ties between investors based in both countries by enabling the seamless placement of orders on both securities markets, while reducing transaction costs.

The total revenue is 11 percent higher than the same period last year.

A judge rejected Apple's request to delay letting App Store offerings bypass its payment system as ordered by the court was, saying it had 30 days to comply in a case brought by Epic Games.

The company said losses due to IPO-related issues and payments.

Elon Musk, the CEO of Tesla lost $50 billion in two days as shares of Tesla fell for the third consecutive day. According to Bloomberg Billionaires Index, this is the biggest two-day fall in its history, leaving the worth of Musk at $323 billion. The heavy loss occurred as Tesla’s...

This was the company's first quarterly disclosure since listing on ADX.

The Emirates Development Bank (EDB) has signed an MoU with the National Bank of Fujairah (NBF) to offer credit guarantees and co-lending for SMEs in the UAE. Under the agreement, EDB will provide credit guarantees or a co-lending program to the NBF's SME customers. NBF will offer up to AED10...

The group’s net loss for the period was AED5.7 billion ($1.6 billion), substantially better than the AED14.1 billion ($3.8 billion) loss last year.

The scheme aims to encourage citizens to pick up trash in a country ranked among the world's leading litter producers.

There appears to be plenty of scope for Indonesia to expand its cooperation with the UAE in the area of food security. The Southeast Asian country was the seventh-largest food exporter in the world in 2020, while the UAE imports about 80 percent of its food requirements.

With the retail sector rebounding in the UAE, Cyrille Fabre, a partner and director with the Middle East arm of Bain & Company, highlights what’s fueling the growth.

Dubuy.com aims to provide Kenya a secure and reliable way for its businesses to grow.

The fine was one of several actions by US regulators requiring the bank to fix lapses in its processes to ensure its overseas branches comply with US sanctions.

Meta ads will not consider race, religion, sexuality, or political party.

A multipurpose terminal in Safaga Port of Egypt will be developed and operated by AD Ports Group. Under an MoU signed with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation, AD Ports Group will explore investment opportunities and conduct feasibility and local market...

UAE firms are expected to hire more staff and increase salaries next year to attract and retain talents as the economic conditions improves, according to a report by Mercer.

Mashreq Bank, the UAE lender, has seen its net profit drop off by a quarter in the first nine months of the year despite a strong growth in operating income.

With the Covid infection tapering off in Saudi Arabia, there has been a reasonable increase in hotel occupancy rates in the kingdom, and the future looks more sanguine as the pandemic restrictions have been gradually removed, according to a study by CBRE.

The profit is 21 percent lower than Q3 2020 due to a lower fuel margin.

Foreign ministers of the United Arab Emirates and Cyrus reviewed bilateral relations and ways to boost trade between the two countries at a meeting in Nicosia.

The Dubai Financial Market (DFM) has hand-picked Hamed Ahmed Ali as the new Chief Executive Officer (CEO) in the wake of a reshuffle of the board that started last week.

Taleem Holdings is one of the largest education providers in the Middle East.

Its profit in the first nine months last year was $77 million.

New units to focus on infrastructure, devices, semiconductor memory

The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA.

The lack of progress towards peace and reconciliation and Covid-19 caused an unsustainable economic situation in the Palestinian territories.

Financial technology, or fintech, automates and improves the delivery of financial services.

The charter aims to significantly enhance institutional and financial performance by setting frameworks for cooperation and boosting financial and institutional performance.

The current fare is $450,000 per seat.

Oman and Iran have discussed ways to promote trade relations between the private sector in the two countries as well as cooperation in the field of medical tourism. They also reviewed the preparations to organize the first virtual exhibition between the Sultanate and Iran. Talks were held between Ridha Juma...

MICCO Logistics, a subsidiary of AD Ports, has shown interest in tapping into the construction and metals manufacturing sector by expanding its ground fleet with the acquisition of 31 tipper trucks.

The profit is 86 percent more than that of Q3 2020.

The largest shopping mall brand in Kuwait, the Avenues, is all set to venture into Saudi Arabia with the opening of two outlets in the kingdom in the next four years.

Real estate transactions worth AED5.7 billion ($1.55 billion) were recorded in Sharjah during the third quarter of 2021, an increase of 22.7 percent compared to the same period last year. A report by the Sharjah Real Estate Registration Department said the rise in the number of transactions indicated a retreat...

The company expects the strong showing to continue in Q4.

The Capital Market Authority (CMA) of Saudi Arabia allowed the financial market institutions to accept the subscriptions of non-Saudis in the real estate funds that invests in assets within the boundaries of Makkah and Madinah.

Etihad Rail has completed the construction of a rail bridge connecting Khalifa Port with the UAE National Rail Network. The 1-km bridge is part of Package B of Stage Two of the network and will play an important role in improving the transportation of goods in the region and reducing...

Since launching its European real estate business in 2017, Investcorp has invested close to €1 billion into 80 properties across the UK, Germany, The Netherlands, Italy and Belgium.

This is its first quarterly loss since January-March 2020.

Net profit for the third quarter stood at AED 32 million.

The Matchmaking Forum is one of the most important commercial initiatives of ProColombia, which is being organized at Expo 2020 Dubai as part of the Colombian national strategy to take advantage of Free Trade Agreements and to promote the exports of the country’s companies.

Sheikh Mohammed bin Rashid Al Maktoum has directed the Board of Directors of DIAC to establish Dubai as a leading global center for alternative dispute resolution within the next three years, and ensure it maintains the highest standards of efficiency and transparency.

The Middle East now accounts for more than 12.6 percent of the world’s luxury yachts as the services match the most renowned marinas across the globe. Dubai's foreign commerce in marine-related items, for example, increased by 30 percent in the first half of 2021, adding that Dubai has 17 marinas...

Musk owned about 17 percent of Tesla's outstanding shares as of June 30, currently worth $208.37 billion. His wealth swelled with the recent surge in Tesla's stock price. By selling 10 percent of his shares, he could theoretically earn just under $21 billion. His wealth swelled with the recent surge...

The United Arab Emirates and Indonesia’s State Wealth Fund has signed a new agreement to allow funds from the former to invest in a variety of high-yielding financial products, according to media reports.

Gulfood Manufacturing, the largest food and beverage processing and packaging show for the Middle East, Africa, and South Asia (MEASA), opened on Sunday at the Dubai World Trade Centre. The show is geared toward driving smart innovations in food manufacturing and reigniting live, face-to-face big business opportunities over the next...

Abdulmohsen Alhokair, the Saudi entertainment group, has reported an increase in net losses by 17.8 percent during the first 9 months of 2021.

Under the new 2022-2026 tourism strategy, the country also aims at an average daily visitor spend of 74.8 Bahraini dinars and raising the average tourist stay to 3.5 days.

A Dubai court has ordered the managers and directors of Marka Holdings to repay the company’s AED448 million (around $128 million) debt as part of bankruptcy proceedings.

YahSat said its contracted future revenues are over $2 billion.