As GCC shifts away from dependence on oil and gas revenues, 5G is set to fuel tech growth and ease lifestyle, says Zoran Lazarevic, CTO for Ericsson Middle East and Africa.

The number of patient encounters was 6.7m, compared to 3.7m in 2020.

Traders holding Dubai Economy's DED Trader license can digitalize their businesses by using SingleCart App and a complete line-up of the app's features to reach a larger number of consumers. Helping the traders in this is Dubai Economy's Business Registration & Licensing (BRL) sector, which has partnered with Golden Radiant...

Bahrain Network (BNET) has announced the appointment of Mr. Ahmed Jaber Aldoseri as its Chief Executive Officer, a former member of the company's Board of Directors.

Several amendments to the Commercial Transactions Law related to cheques will contribute to raising the UAE's ranking in the Global Competitiveness Index, the Central Bank of the UAE (CBUAE) said on Monday. These amendments, which will come into effect on 2 Jan. 2022, are related to the decriminalization of cheques,...

Saudi Real Estate Refinance Company of the Public Investment Fund has announced the signing of a refinancing partnership agreement with the Real Estate Development Fund (REDF) to refinance a real estate portfolio worth SAR 10 billion.

The first lithium production facility in the Middle East will be established in the Khalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of AD Ports Group’s Industrial Cities & Free Zone (IC&FZ) cluster. The facility will be built by Australia's Lepidico Ltd, a global lithium exploration and development company. Lepidico...

The talks will be held over the delayed 777Xs 'before and during' Dubai Air Show.

In order to expand the emirate’s knowledge economy, a program designed by Yale University has been launched in Abu Dhabi under the patronage of Sheikh Khaled bin Mohamed bin Zayed Al Nahyan.

InvestSP Corporation and the Global Logistics Passport initiative have signed a Memorandum of Understanding or MoU for better shipping and logistics.

The aggregate subscriber base increases by 4 percent YoY.

Dubai Electricity and Water Authority (DEWA) has another accomplishment to its credit, achieving the Guinness World Records title for the first 3D-printed laboratory in the world.

It was nothing new when Facebook changed its name to Meta, and invited people to the Metaverse. TRENDS has curated a list of such companies.

This was more than double the target of 30 percent reduction in business setup procedures that the emirate had set earlier this year.

Its consolidated revenues in Q3 reached AED13.3bn ($3.62bn).

Batelco said steady revenue growth led to this rise in profit.

Israel is anticipating a significant influx of Emirati and Bahraini tourists as the global tourism industry starts recovering from the Covid-19 pandemic.

Saudi Arabia's General Authority for Military Industries (GAMI) and Saudi Arabian Military Industries (SAMI) have signed a contract for the development and manufacture of the SkyGuard UAV. SAMI also signed an agreement with the Prince Sultan Defense Studies and Science Research Center (PSDSARC) for developing the UAV. The Skyguard UAV...

Masdar City Free Zone has been facilitating the processing and submission of Golden Visas for eligible persons and their families for a while now. In a statement, Masdar said the visas are being processed in collaboration with the Abu Dhabi Residents Office (ADRO), a division recently launched by the Abu...

The listing is part of the company's expansion plan.

The net profit rose 10.61% in comparison to last year.

The UAE's payments industry, like several other countries in the world, suffered an impact far less severe than initially anticipated due to the Covid-19 pandemic, rising by 17 percent to $8.4 billion from 2015 to 2020, a report has said. The Boston Consulting Group (BCG) report, "Global Payments 2021: All...

Qatar has tied up with Rolls Royce to set up a fund worth billions, investing in green engineering projects with a focus on an engineering hub in the UK. The project has the potential to create 10,000 jobs.

Jordanian Minister of Energy and Mineral Resources, Saleh Kharabsheh, has stressed the importance of developing the country’s electricity grids and benefiting from global expertise in this field.

Dubai CommerCity, the first and leading e-commerce free zone in the region, has partnered with e-commerce strategy consultant, Khaleej Digital.

Higher oil prices and sales volumes led to the rise.

Q3 net profit rose to AED197.9 million from AED40.97 million last year.

Saudi Arabia is set to begin mining gold from one of the biggest reserves of the kingdom in the first quarter of next year.

Public Investment Fund of Saudi Arabia has unveiled LIV Golf Investments and hand-picked former world champion Greg Norman to lead the new venture.

The total number of visitors to the Saudi pavilion exceeded 30 percent of Expo 2020 Dubai's total number of visitors.

Maple is wholly owned by Damac ex-chairman Hussain Sajwani.

In the UAE, the Abu Dhabi index added 0.2% with the International Holding Company gaining 0.7%. Dubai index ended the week 0.1 percent down.

The Business Bay came on top in terms of volume and value, recording 155 transactions worth AED170 million ($46.29 million).

The company said its sales climbed to $110.8 billion

The IPO comes at a time when demand for semiconductors and microchips is red hot due to the ongoing global shortage that has negatively impacted sectors ranging from automotive manufacturing to consumer electronics, forcing many companies to scale back production and cut targets.

Saudi Arabia and the United Kingdom signed a Memorandum of Understanding, which is aimed at the promotion of direct investment between the two countries. This includes establishing and expanding Saudi-based companies in the UK while also enabling the establishment and expansion of UK-based companies in Saudi. The MoU is also...

A forum organized by the Sharjah Chamber of Commerce and Industry (SCCI) brought together more than 100 businesspersons from the UAE and Brazil to discuss cooperation and investment opportunities. The Sharjah-Sao Paulo Business Forum on Wednesday highlighted joint investment opportunities, encouraged cooperation and partnerships in various economic sectors. The forum...

The IHC subsidiary has entered commercial shipping segment.

The Saudi British Bank (SABB) has posted a 157 percent increase in net profit to $750 million for the first nine months of 2021.

First Abu Dhabi Bank has recorded a 26 percent rise in net profit to AED9.2 billion in the first nine months of 2021.

Dallah Healthcare of Saudi Arabia has picked up an 8.2 percent stake in International Medical Company for $77 million in order to widen its business.

Saudi Basic Industries Corp. (SABIC) has posted a nearly 400 percent spike in net profit to $1.5 billion for the third quarter as revenues grew on the back of higher prices.

The tourism and travel sector in the Middle East is expected to grow 27.1 percent in 2021, a little behind the global average of 30.7 percent.

Saudi Arabia has roped in HSBC to “identify and promote” sustainable investment opportunities. The agreement between the two was signed at the Future Investment Initiative conference in Riyadh.

European planemaker booked net profit of 404 mn euros.

The Company’s total revenue reached AED 183.1 million in this timeframe compared to AED 271 million during the corresponding period of the previous year. The revenue is comprised of AED 117.9 million of operating income and AED 65.2 million of investment returns and other income.

Abu Dhabi Investment Office (ADIO) and Etisalat will work together to unlock opportunities for businesses in Abu Dhabi by introducing companies to their extensive networks and strengthening cooperation across the economic system. The partnership combines ADIO’s support services with Etisalat’s innovation capabilities to deliver opportunities for businesses in the emirate,...

Eni of Italy has discovered three new oil and gas wells in Egypt, according to the Egyptian Ministry of Petroleum.

The Saudi Investment Bank (SAIB) has recorded a 9 percent rise in net profit to $206.7 million in the first nine months of 2021, a bourse filing revealed.

Pepsico, Deloite, Siemens, Haliburton, KPMG, PwC, Novartis and OYO are among the companies that will establish their regional headquarters in Riyadh.