As many as 11 French startups in the technology, infrastructure and services were briefed about the UAE's business environment by the Ministry of Industry and Advanced Technology (MoIAT). The event was the ministry's latest initiative designed to promote partnerships between the UAE and foreign businesses operating in the advanced technology...

Japanese firm Toyota is the world’s biggest carmaker.

Dubai Civil Defense on Monday, October 18 brought under control a fire that had broken out at an oil waste disposal site in the Jebel Ali Industrial area in Dubai. The fire, which has broken out late in the morning, was brought under control by 2:40 pm.

Dubai World Trade Center Free Zone and CoinMENA have tied up to develop a “crypto asset and blockchain hub" in Dubai World Trade Center. The hub will look to attract companies operating in the crypto assets.

Yanbu National Petrochemical Co (Yansab), of Saudi Arabia, has revealed that its net profit declined 8 percent to $47.7 million for the third quarter.

Mubadala Capital led a Series B funding round in Huboo Fulfilment, the UK-based logistics start-up, closing at $82 million in investments.

Foreign investment in the oil sector of Egypt has dropped 26.02 percent to $5.4 billion in the current financial years, compared to $7.3 billion a year before.

Sabic, WEF, and global companies will formalize the plan.

The openings support the company’s commitment to delivering on its promise to provide greater fuel retailer convenience to customers and neighborhoods.

Global finance officials are worried about rising inflation pressures but there it is little fear that it will become a “runaway train,” IMF chief Kristalina Georgieva said on Sunday.

Response Plus Holding, the UAE healthcare investment and management firm, has posted a net profit of $10.9 million during the first nine months of the year.

The technology might, for example, allow someone to don virtual reality glasses that make it feel as if they're face-to-face with a friend.

Businessmen and stakeholders from Oman and Lebanon have discussed investment and trade exchange.

Saudi Arabia has scored 70.68 on the Maritime Connectivity Index.

Hundreds of supporters sported traditional Saudi headdress and flew flags of the Gulf kingdom ahead of the Magpies' first match since a £300 million ($412 million) takeover was given the green light by the Premier League.The protracted deal had been held up for over a year by a dispute over...

The new airline, Fly Aqaba, was set up with $20 million in private sector investment, said Nayef Bakhit, president of the Aqaba Special Economic Zone, quoted by Jordan's Petra news agency. Bakhit said it would start operations with two aircraft to serve Aqaba, the ancient archaeological site of Petra and...

Qatar Islamic Bank has said that its net profit for the first nine months of 2021 has jumped 14 percent to $692 million.

Arabian Centres Company (ACC), the Saudi mall operator, is expecting an improvement in the business in the wake of the easing of Covid pandemic restrictions in the kingdom.

Dubai’s consumer confidence index rose to its highest level in a decade during the third quarter of 2021, the Dubai Economy reported on Sunday. 

Savola Group of Saudi Arabia has bought out the Emirati snack maker Bayara Holding for $260 million.

The plants are located in Serbia, Romania and Bulgaria.

Artificial Intelligence, 5G, cloud, big data, cybersecurity, blockchain, quantum computing, Fintech and immersive marketing remain key focus of the five-day show.

For the first time in nearly seven years, the stock of Saudi Basic Industries Corporation (SABIC) has touched its highest level at SR134.60 on Sunday, according to Argaam.

The work on a $6.5 billion green hydrogen plant in Saudi Arabia's planned futuristic city NEOM is likely to begin in the first half of 2022, according to ACWA Power, one of the project partners. ACWA Power, which debuted on Saudi Arabia’s stock market on Oct. 4, expects to finalize...

An Iranian warship on Saturday repulsed an attack by pirates against two oil tankers that it was escorting in the Gulf of Aden, the country's naval chief said. "Navy commandoes were successful in repulsing this morning the attack by pirates against an Iranian commercial convoy in the Gulf of Aden,"...

The bank said it continued hedging policy despite corona recovery.

Originally scheduled to take place in Australia and then India, before being chased out of both by Covid-19, the seventh edition of the event begins with a double-header at the 3,000-seat venue outside Muscat. Later Sunday, Bangladesh face Scotland before Ireland, Namibia, Netherlands and 2010 champions Sri Lanka join the...

The country's National Food Security Strategy 2018-2023 is geared to increase the strategic stock of food commodities to ensure food security

This will finance SODIC’s West Cairo flagship project.

The car has an aerodynamic design and is a sports model, and does not produce dangerous emissions.

Public Investment Fund of Saudi Arabia has announced the launch of ‘THE RIG,’ a new tourism project on oil offshore platforms to be located in the Arabian Gulf.

New data out Friday showed $590 million in ransomware-related payments were reported to US authorities in the first half of 2021 alone, setting a pace to beat totals for the whole previous decade as cyber-extortion booms.

The e-cheques will retain all the basic functions, legal validity, and benefits of paper cheques while providing a paperless payment experience.

Russian President Vladimir Putin signaled tolerance of cryptocurrencies, but is still not convinced they can replace the US dollar in settling oil trades.

Diversification, new leases, and partnerships fueled the rise.

The students will learn data science, probability, statistics, linear algebra, python

The 2022 FIA Formula 1 World Championship will kick off at the Bahrain International Circuit.

The Saudi and UAE bourses saw quite some ups and downs in the week that began on Sunday, October 10.

Thousands descended on St James' Park when the takeover was finalised just over a week ago, celebrating the end of Mike Ashley's miserable 14-year reign as owner, as well as the potential of becoming one of the most powerful clubs in Europe.

People in the Middle Eastern countries are increasingly relying on apps to manage their money, streamline expenses and other banking needs.

Bitcoin breached the $60,000 mark for the first time since April on growing hopes that US regulators will greenlight the first futures exchange-traded fund for the cryptocurrency.

A court in Dubai has directed Nissan Motor Co. Ltd. and Nissan Middle East to pay $354 million as compensation to Al Dahana FZCO in the case filed by the latter back in 2019.

Dubai Multi Commodities Centre (DMCC) has sold a 100+ carat rough diamond for $5.218 million (US$ 44,004 per carat) in a record tender hosted at the Dubai Diamond Exchange (DDE). The 118.58-carat type IIa stone was viewed by top diamond trading companies from Asia and Europe at a tender hosted...

Israeli companies are tapping air force veterans’ expertise to avoid collisions in increasingly crowded skies as they look to start delivering food, drinks and other supplies using drones. However, there may be other challenges in the offing as more and more drones take to the skies.

Both will work to support the growing fintech market in UAE.

As the 'influencers' phenomenon gets popular on social media, many of them in the Arab world have ridden the Instagram wave to business success by promoting their brands online.

The UAE and South Korea have discussed the prospect of pursuing a Comprehensive Economic Partnership Agreement to strengthen economic ties, enhance investment opportunities, and firm up bilateral cooperation between the two countries.

ADQ has entered into a definitive agreement to acquire the remaining 20 percent equity stake of The National Health Insurance Company – Daman – PJSC, from Munich Re, one of the world’s leading providers of reinsurance.

A consortium of companies has signed a 20-year deal with the Egyptian Electricity Transmission Company (EETC) to develop, construct and operate a 500 MW wind farm in Ras Ghareb.

HSBC UAE has managed to secure the first green deposit from Saudi British Bank (SABB) through its new program dedicated to supporting sustainable initiatives.