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

Emirates Global Aluminium (EGA) has increased the production capacity at Abu Dhabi's Al Taweelah smelter by 78,000 tons per year. As part of the expansion at the plant, which is one of the largest aluminum smelters in the world, a total 66 new reduction cells were added to the three...

In Tunisia, the land dedicated to organic farming has multiplied 20-fold since 2001. In Morocco, the area of farmland certified for organic production has more than doubled in two decades.

Hakim Alileche left a successful career in graphic design and moved to the Algerian countryside to produce "magic potion" -- organic olive oil that has won him international recognition.

Q3 net profit down 18 percent from the same period last year.

Colombia sees the UAE as a potential partner for growth in bilateral trade, economy, and tourism.

The gesture aims to provide public and government libraries in Sharjah with various modern publications in all Arab and foreign scientific, literary, and cultural fields. It is also expected to help update the knowledge content of the libraries, which constitute a major reference for researchers and readers in the emirate.

It has signed sustainable aviation fuel deals with Dubai firms.

The first workshop of the Regional Entrepreneurship Acceleration Program kicked off today at the Massachusetts Institute of Technology (MIT), under the supervision of the Small & Medium Enterprises General Authority (Monshaat).

Public Investment Fund of Saudi Arabia is looking to diversify investments into Chinese companies after having confined its overseas holdings to the US and Europe.

Dubai intends to merge the departments of economy and tourism in order to attract some 25 million tourists by 2025 and to widen the emirate’s foreign trade. The merged entity will be headed by Helal Al Marri.

Dubai Courts has established two new courts in the Commercial Court in order to speed up settlement of securities-related disputes. It has also announced the establishment of a law enforcement committee for Dubai’s financial markets.

The Covid-19 pandemic has been the primary driver of businesses and governments embracing remote-work opportunities.

The Spanish legend may now return to Barcelona.

Entrustment and Liquidation Center (Infath) of Saudi Arabia has raked in its highest ever amount in October thanks to sales of more than $159.9 million.

Three Saudi private companies will go public, offering around nine million shares in IPOs, according to the Saudi Exchange market (Tadawul).

The Dutch supreme court on Friday scrapped an order for Russia to pay a record $50 billion to former shareholders in dismantled oil giant Yukos, but the legal saga is set to drag on for years more.

TASI fluctuated during the week, owing to a rise in Aramco shares. The energy giant's net income grew to $30.4 billion in Q3.

Industrial output fell in September in both France and Germany as delays in receiving materials hampered production, data released Friday showed.

Japanese car giant Honda revised its annual profit forecast downwards on Friday, warning it sees no immediate end to the chip shortage and supply-chain issues impacting automakers worldwide.

The agreements are aimed at bolstering Saudi exports.

This is despite pressure from big consumer nations to open up the taps much more decisively amid soaring prices. The producers led by Saudi Arabia and Russia in the so-called OPEC+ will add 400,000 barrels per day in December, they said.

Etihad Credit Insurance and Indonesia Re, the state-owned reinsurance agency of Indonesia, have signed an MoU to boost bilateral exports and investments through their trade credit insurance, reinsurance and guarantees. Under this agreement, the two agencies will work on easing trade and export between UAE and Indonesia, facilitating access of...

Helal Saeed Al Marri has been named as the new chairman of the Dubai Financial Market by the Committee for the Development of Capital Markets and Exchanges in Dubai. Al Marri has been Director-General of the Dubai Department of Tourism and Commerce Marketing (DTCM) since 2013. Sheikh Maktoum bin Mohammed,...

The firm will focus on the real estate market, its CEO said.

The Global Manufacturing and Industrialisation Summit (GMIS) announced on Thursday a partnership with First Abu Dhabi Bank (FAB), that will explore the latest trends and opportunities to improve access to finance for Small and Medium Enterprises (SMEs) and drive sustainable industrial growth both globally and in the UAE. Through joint...

Emirates is to start daily flights between Dubai and Tel Aviv on December 6, the airline announced, in the latest sign of deepening relations since the UAE and Israel normalized ties in September last year. The Dubai-based carrier, one of the largest in the world, said the new service would...

Across the globe, investment gurus in their 20s are building huge followings on social media.

The investors include lead investors Vostok New Ventures and Endure Capital and participating investors JAM Fund (led by Tinder co-founder Justin Mateen), YC Continuity Fund, a large unnamed Saudi-based fund, Shorooq Partners, 4DX Ventures and logistics giant Flexport.

The sales covered 314 villas and apartments worth AED645.92 million, and 29 land plots worth AED216.81 million.

The United Arab Emirates has announced the provision of $10 million to contribute to the reconstruction of some Turkish regions that were affected by wildfires and floods that swept through these areas.

Saudi Arabia’s Herfy Food Services Company (Herfy Foods) has appointed Sam Bader as CEO, after he served as acting CEO.

Hub71, Abu Dhabi’s global tech ecosystem, and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) will identify and collaborate with startups to advance the tourism and culture sectors, collaborate on high-impact events and provide mentorship to founders and entrepreneurs. Saeed Al Fazari, Executive Director at DCT...

The net profit for the first nine months of 2020 was AED 25.40m.

The 25 kiosks were allocated for startups in the food and beverage (F&B) sector, chiefly restaurants and cafes, wholly owned and operated by UAE nationals. Priority was given to Dubai SME members, existing restaurants and cafes located in Dubai, new concepts, and entrepreneurs seeking to participate in Global Village for...

The first agreement was signed between Careem and Kiwibot to develop food and grocery delivery robots.

Face recognition technology could compromise privacy, target marginalized groups, and normalize intrusive surveillance, according to critics.

Signs MoUs with Huawei, Nokia, Tata, BTAS and MSSP pact with Fortinet.

Al Maryah Community Bank LLC, UAE’s first digital bank, has appointed Adeeb Ahamed as advisor to the Board Members. He is the Managing Director of Abu Dhabi based LuLu Financial Holdings.

DP World and the Indonesia Investment Authority (INA) have signed an agreement to form a consortium and working team to explore investments into the logistics infrastructure in Indonesia. The investments, which could reach $7.5 billion in the long run, would include inland terminals, cargo parks, feeder network systems, landside transport...

There is a great demand from distributors for films in Saudi Arabia, which is borne by the fact that more than 1,000 films have been released in the kingdom's cinemas during the past three years. The rising demand for films and several other points related to the film industry in...

The firm expects the assets to reach $500m within three years.

Pfizer again lifted its 2021 profit and revenue outlook on Tuesday, bolstered by the latest surge in Covid-19 vaccinations, including regulatory approvals for boosters and shots for younger populations.

Representatives of 50 Dutch companies, led by the Dutch Minister for Foreign Trade and Development Cooperation Tom de Bruijn, arrived in the UAE as part of a trade mission aimed at strengthening trade relations between the two countries. More than 350 Dutch companies currently operate in the UAE and they...

Ding launched the second Ding Global Prepaid Index (GPI)in the United Arab Emirates and Saudi Arabia.

The Sharjah Chamber of Commerce and Industry (SCCI) and Kazakhstan have discussed ways of benefiting from promising investment opportunities in the two countries, especially in the tourism, industry and infrastructure sectors. During a meeting held recently at Expo 2020 Dubai, Abdullah Sultan Al Owais, Chairman of the SCCI, explored with...

The deal is valued at AED1.1 billion ($300 million).

Facebook is currently facing a lot of flak for accusations of bias, and leaked internal documents back them up.

It will be the first time since the oil price crash in the second quarter of last year when the COVID-19 pandemic devastated demand that ADNOC has not implemented any supply cuts.

Dubai aims to increase its market volume to AED3trn.