Mubadala Capital, the financial investment arm of Abu Dhabi’s sovereign investor Mubadala, has acquired one of the largest Taco Bell Corp. franchisees in the US.

Sukuk momentum is expected to continue over the medium term supported by intact investor appetite, funding diversification and refinancing needs, Fitch Ratings has said in a report. “Sukuk supply-demand imbalance will continue to be a key growth factor but not without headwinds,” said Bashar Al-Natoor, Global Head of Islamic Finance,...

The MoU was signed on the sidelines of the Expo 2020 Dubai in the presence of President Macky Sall of Senegal.

DSOA — a wholly-owned government free zone — is expected to launch the program at GITEX Future Stars 2021.

The new project, named SalalaH2, will target the production of up to 1,000 tons per day of green ammonia.

The Department of Municipalities and Transport (DMT) has announced a new Code of Practice (CoP) encompassing the primary Health, Safety and Environment (HSE) considerations expected of commercial marina activities within Abu Dhabi. The new code provides the drive to regulate and facilitate the safe management of Abu Dhabi’s marine assets...

Morocco’s Automotive industry is growing exponentially each year with car sales exceeding 160,000 units in 2021, and creating over 220,000 direct jobs.

About 70% CEOs in the Middle East believe that lack of digital skills is a threat to their businesses, a PwC survey has pointed out.

Etihad Airways has raised $1.2 billion in what is the first sustainability-linked loan tied to ESG targets in global aviation.

CBUAE and ADGM will collaborate on the development and growth of the FinTech ecosystem in the UAE.

The IPO starts Wednesday and will continue to October 18.

Apple is unlikely to meet production goals for its new iPhone before the holidays because of a global electronic chip shortage, a report said Tuesday. The firm had planned to produce 90 million iPhone 13s before the end of the year, but will have to settle with 80 million as...

This is the latest in the several agreements the two companies have had over the years.

Madayn has signed a deal to build a 100MW solar PV farm.

Q3 net profit surges 44 percent compared to Q2.

ArcelorMittal Projects is a part of the ArcelorMittal Group.

Lee Jae-yong is accused of having repeatedly taken anaesthetic propofol at a plastic surgery clinic in Seoul in 2017 and 2018.

Demand for gas in the region eclipses global demand by more than twofold, the second highest in the world in terms of growth, second only to the Asia-Pacific, the Kuwait-based oil group said amid virtual talks hosted by industry journal Petroleum Economist over liquefied natural gas (LNG) output in the...

The latest installment in the James Bond movie franchise shot straight to number one in North America's box office on its opening weekend, netting $55.5 million.

The world’s largest cryptocurrency exchange recently registered three companies in Ireland and is currently setting up several regulatory companies worldwide. Binance is banned by several governments, while other countries are open to investigations into allegations such as market manipulation.

International Holding Company (IHC), Abu Dhabi conglomerate, has agreed to acquire 51% of Bin Suhail Group through a subsidiary to form a beauty industry joint venture, it said on Monday.

Miral in collaboration with Warner Bros. announced today that The WB Abu Dhabi hotel on Yas Island, operated by Hilton under the Curio Collection brand, will open its doors to guests on 11 November 2021.

The General Civil Aviation Authority (GCAA) has announced that the average aviation activity in the country rose from 1,238 flights at the end of 2020 to 1,538 flights in September 2021, an increase of some 24.5 percent.

Arada has launched the second residential phase of Masaar.

Shareholders of Emaar Properties have approved the merger of the company with Emaar Malls, according a bourse filing.

DEWA CEO Saeed Mohammed Al Tayer and Ireland’s Minister of State for Trade Promotion, Digital and Company Regulation at the Department of Enterprise, Trade and Employment, Robert Troy discussed ways to develop ties especially in digital technology and industry, besides other areas of common interest.

The non-oil trade between the UAE and Mexico totaling $1.3 billion in 2020 demonstrates a strong partnership between the two countries, said Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade. Al Zeyoudi said the trade ties between the two countries highlighted a collaboration "founded on...

Engicon has signed an MoU with the JPMC for a water treatment plant.

It is the 'largest seed' raised by a MENA SaaS firm.

Qatar National Bank (QNB), the Gulf's biggest lender, posted an 8 percent increase in nine-month net profit to $2.83 billion, citing loan growth.

DEWA used the IPWP model in a number of its key projects.

The Dubai Police have arrested a man they say had smuggled 500 kg of pure cocaine, which has a street value of AED500 million ($136 million), into the country. They said they surveilled him for some time and then caught him red-handed.

Business confidence in Dubai reached its third-highest level in 10 years as companies in the emirate begin to feel the positive impact of Expo 2020 Dubai, a new survey from Dubai Chamber has revealed. According to the findings of the Chamber’s quarterly Business Leaders’ Outlook Survey, 76 percent of respondents...

Mobile phone users in the Gulf country are currently allowed to use the internet-enabled video and audio calls only through BOTIM app.

The project is worth AED140 million (more than $38 million).

It has signed a deal with the Science Based Target initiative.

Turkey’s pine honey harvests — especially in the Mugla region — were already suffering from drought when the wildfires hit. The fires destroyed the delicate balance between bees, trees, and the little insects — the Basra beetle from which the bees collect the honey — at the heart of the...

Investors include Area Tech Holdings and FirstPartyCapital.

At least 136 countries have backed a landmark agreement to set a new minimum tax rate for companies around the world.

The verdict ordered Apple to loosen control of its App Store payment options but said Epic failed to prove any antitrust violations.

The main Saudi stock index closed trading on October 7, with an increase of 19.45 points, to close at the level of 11,591.33 points, with transactions worth 6.5 billion riyals.

Dubai Ports World and Saudi Ports Authority (Mawani) have come together to expand the capacity of Jeddah Islamic Port.

ACWA Power shares can be traded on Tadawul from Monday.

Tata had founded the airline as Tata Air in 1932, with the first flight piloted by Tata's eponymous chairman himself. The airline was nationalized by the Indian government in the 1950s but it began to struggle in the 90s with the competition from Gulf carriers and no-frills airlines.

Average monthly salaries of Saudi workers have grown by 5.2 percent to SAR 10,490 during the second quarter of 2021, compared to SAR 9,970 in Q2-20.

YouTube Music trails rivals Spotify, Amazon and Apple. The company said in June it has paid more than $4 billion to the music industry over the prior 12 months.

FedEx Express is a subsidiary of FedEx Corp.

The new policy for Google advertisers, publishers and YouTube creators will prohibit the platforms from helping people make money from content that denies climate change.

Before the pandemic, around 75 percent of the tourist traffic between Brazil and the Middle East were to and from the UAE, and new direct flights from the UAE to Brazil’s Amazon and the Northeast regions are expected to reattain that traffic.

The network, called the AD SME Tribe, will enable the growth of enterprises through community-focused guidance.