KOC plans to hike capacity to 3.2 million bpd by 2025.

Internal documents seem to support the accusations.

The destination will include a Formula 1 racing trajectory, a Six Flags Theme Park, a water park and sporting venues like football grounds, and a large selection of cultural, creative, and artistic activities.

Price freezes, tax cuts, energy payments or credits, targeted aid... in the face of soaring energy prices European nations are deploying a variety of steps to cushion the blow for consumers.

Cryptocurrencies declined on Friday following an ETF-fueled rally that saw it reach a record $67,016 on Wednesday, as investors questioned whether the new investment vehicle will attract as much new money to the assets as some have speculated.

STV is aiming to raise at least $1 billion for its second Middle East technology investment fund, making it potentially the biggest fund of its kind in the region

The Islamic Development Bank of Saudi Arabia has set the price of its second and final issuances as part of its plan to mobilize financial resources.

The shareholders will get dividends for the period ending June 30.

The two companies will set up EV battery joint venture

The oil price rise is expected to raise the economic growth of Saudi Arabia and the UAE. The kingdom is expected to grow by 5.1 percent next year.

Non-resident foreign investors can obtain a virtual license for doing business in Abu Dhabi from any location outside the UAE and without having to meet residence procedures. The Abu Dhabi Department of Economic Development (ADDED) made this announcement at the 41st session of the GITEX Global (Dubai 2021). Mohamed Ali...

Kuwait International Airport will gradually operate commercial flights for all aviation companies.

Dubai Electricity and Water Authority (DEWA) signed a slew of MoUs with local and international companies at the ongoing GITEX Technology Week. DEWA, its digital arm Digital DEWA, and other DEWA subsidiaries signed the agreements aimed at strengthening the integration of the next-generation technologies in utilities in Dubai and the...

The Iranian banking system has paid 12.41 quadrillion rials (over $295.49 billion) of facilities to domestic economic sectors in the first six months of the current Iranian calendar year (March 21-September 22). This is 57.9 percent higher than the amount in the same period from the previous year.

ACWA Power has said it plans to end investment in non-renewable projects in its endeavor to reach net zero by 2050. Riyadh-based ACWA, the only listed company with big renewable energy and hydrogen projects in the pipeline, is 44 percent owned by Saudi Arabia's sovereign wealth fund PIF CEO of...

An agreement has been signed to build capacities to establish a sustainable national accounting system in Jordan.

This is QatarEnergy and Shell’s first hydrogen agreement.

The project will be used to make power and desalinate water.

New Zealand has passed a law that will force banks to reveal the impact of their investments on climate change. The law has been described as a world-first move to make the financial sector's environmental record more transparent.

Customers can try on and buy entire collections of eyeglasses, lipstick, nail color, jewelry, and even garments by using augmented reality (AR) applications.

Lloyds Banking Group will close a further 48 branches across England and Wales, the British lender said on Wednesday, as it seeks to further cut costs by trimming its physical network.

The two parties have signed an MoU to promote business establishments and Foreign Direct Investments.

Bitcoin hit a new record on Wednesday, surging past $65,000 after it took another step towards mainstream status as the world's biggest cryptocurrency forayed onto Wall Street.

Mining releases 4-7% of global greenhouse gas emissions.

Jack Ma’s Ma's presence in Spain was reported by the South China Morning Post, which is owned by Alibaba. The paper said the 57-year-old, who retired from the role of Alibaba's chairman in 2019, was attending a series of business meetings in Europe.

Sharjah Islamic Bank has announced that its board of directors agreed to raise the percentage of foreign ownership in the bank’s shares to 40 percent. The board's nod will now be submitted to the bank’s general assembly for a discussion and final decision. The bank said the decision comes in...

The platform is apparently aimed to address complexities and inefficiencies that exist in global supply chains.

The months leading up to the launch of Expo 2020 Dubai witnessed a surge in realty transactions, with September recording sales worth AED16.2 billion, the highest monthly sales since December 2013. A total of 5,762 sales transactions in September bring the year-to-date total value to over AED100 billion, according to...

A New York-based firm contracted by the Lebanese government is to resume its audit of the central bank Thursday in line with creditors' demands, the Lebanese presidency and a top official said.

The MENA region will need some 3,000 new aircraft worth $700 billion in the next 20 years to cater to the demand for air travel. The conclusion was drawn by Boeing in its Commercial Outlook for 2021.

Etisalat Group and G42 have joined hands to merge their data centers, creating the UAE's largest data center provider. A total of 12 data centers will be merged under the joint venture operating under Khazna Data Centres. G42 and Etisalat Group will each own 60 percent and 40 percent of...

Higher non-funded income, reduction in the cost of risk push profits up.

Streaming giant's profit grew 16 percent to $7.5 billion

Smartphone sales are dominated by Apple, Samsung

According to financial results, mobile customer base reached 6.5 million. The postpaid segment remains resilient with net-adds of 13,000. The postpaid customer base grew to 1.3 million as a result of an improved digital Customer Experience as well as enhancements to the Power Plans.

A domain name is a name in English or Arabic letters chosen to be the address and the identity of the website and its services.

Although Dubai is set for a ‘modest’ recovery this year on the back of a high vaccination rate in the UAE and fewer Covid restrictions, but a slower rebound in international tourism could be a drag on the economy until the end of 2022.

The agreement is part of the UAE’s endeavors to strengthen and activate means of economic and investment cooperation globally.

A United Nations report has depicted a positive picture of global foreign direct investment during the first half of 2021. As much as $852 billion in FDI was recorded by countries across the world on the back of growing investor confidence.

Gulf Islamic Investment of UAE will invest $500 million in India over the next three years as it takes steps to set up an office in Bangalore.

Zoomcar targets 5,000 cars in Egypt by March 2022.

Fertiglobe, the fertilizer firm, is all set to earn a $6 billion valuation as 114.6 million shares were allocated on the Abu Dhabi stock market.

The Tadawul All Share Index, TASI, vaulted 0.4 percent to surge past the 11,800 point level in early trade today.

The funds will be used to develop and rollout Open Finance platform.

Mobily will recycle old and discarded Ericsson devices.

Dubai Investments and Marjan have tied up for the project.

The two countries discussed ways of enhancing educational, academic, and research cooperation.

More than 150 new companies joined in5 since 2020, bringing the grand total of start-ups supported by the incubator to 500. Of these, a quarter are led and managed by female entrepreneurs nearly twice as high as the regional average of women-owned SMEs, according to the World Bank

Property owners list their property on Mazad Aqari and the platform does the rest in terms of evaluating the property, marketing and sales.

On the inaugural day of GITEX Technology Week 2021, Dubai Customs launched I-Box smart lockers for storing commercial items or valuable cargo carried on by inbound transit passengers. Travelers can keep their valuable goods in the lockers at the airport customs center on arrival without paying duty and collect them...