Some 16,000 new companies have joined Dubai Chamber this year, bringing the total membership to more than 275,000.

The move is aimed at meeting growing demand for manpower by companies in the country. After all, the number of expatriates in Kuwait dropped to 56,300 in the first half of 2021, bringing their total to 3.154 million.

The once-mighty Evergrande Group has long been the face of Chinese real estate, surfing a decades-long property boom to expand into more than 280 Chinese cities as it peddled home-ownership dreams.

Kuwait is one of five countries that negotiated a higher baseline for its quota in a July 18 OPEC+ meeting.

Amazon, the US e-commerce giant, has announced that it would add 1,500 jobs in the United Arab Emirates to cope with the potential hike in demand as it seeks to expand its presence in the country.

Those who have not filed VAT returns would see a fine of up to OMR5,000 (around $13,000) imposed on them.

Top Saudi banks have seen strong growth in the second quarter of the current fiscal in financing and deposits. According to Alvarez & Marsal, the professional services firm, core operating income rose 8.4 percent from the first quarter to the second quarter of 2021, while L&A increased by 13.1 percent...

Dragon Oil to double output by 2026

The total value of the contracts signed with several UAE clients is AED90 million.

DUBAI: The UAE has the foundations and competitive advantages to become one of the largest producers of low-carbon hydrogen in the world, a report said. The report, ‘The United Arab Emirates’ Role in the Global Hydrogen Economy’, details the importance of hydrogen as a potential fuel of the future and...

The Saudi company will undertake ground handling services for flydubai.

The emirates achieves hotel occupancy rate of 62 percent, ahead of the US, UK and Turkey

The Saudi economy, as per IMF, is recovering "well" from the pandemic, estimating the kingdom's non-oil economy will grow by 4.3 percent this year. The Kingdom's GDP, which rose from US$ 701.5 billion in 2020, is likely to hit to US$ 804.9 billion by the end of 2021.

Filipinos living overseas have sent back some $3.8 billion in July with most of the remittances coming from the Middle East.

Huawei, the Chinese tech giant, will invest $15 million across the Middle East during the next three years in order to widen its cloud services market in the region.

Gargash Goup, the UAE-based conglomerate, has bought out Deem Finance, the financial services provider, for an undisclosed sum. The conglomerate has businesses in automotive, real estate and non-banking financial services sectors.

AD Ports Group will set up a state-of-the-art cruise terminal at Marsa Zayed in Aqaba, Jordan, after the signing of a Heads of Terms agreement with the Aqaba Development Corporation.

Saudi Arabia is aiming to give a boost to local industries and in this regard Aramco and McDermott, the US-based contractor, are looking at the feasibility of localizing onshore modular construction.

DUBAI: Emirates Central Cooling Systems Corporation (Empower) will be using Mitshubishi's air-conditioning and heating systems for its environmentally friendly district cooling operations. Under a deal signed between the two, Mitsubishi Heavy Industries Thermal Systems will supply Empower with advanced water-cooled centrifugal chillers with a total cooling capacity of 100,000 refrigeration...

Arabian Ranches, Dubailand, Dubai South, Palm Jumeirah, MBR City, Dubai Hills Estate and DAMAC Hills 2 are likely to be prime areas for villa transactions during the fourth quarter as they are receiving a lot of enquiries from the investors and end-users

The growth reflects the ease of doing business in the Emirate and the government's measures to simplify procedures for businesses.

Iran has been trying to enter the SCO for years, and was close last year, but Tajikisatn objected to it.

The United Arab Emirates (UAE) has been elected as vice president of the Belt and Road Initiative Tax Administration Cooperation Forum (BRITACOF) for the second time in a row.

This would include monitoring visitors for safety from the moment of their arrival to the UAE until they reach the exhibition site.

The court will be part of a new arbitration body formed by Dubai’s ruler, and have 13 members with non-renewable four-year terms.

Saudi Arabia and South Africa are looking to boost trade after a year of slump that saw imports from the kingdom fall to a four-year low in 2020.

Days after securing a $125 million Series B funding from SoftBank, the Saudi startup, Unifonic, says that it wants to be profitable first before listing on a stock market.

Saudi Arabia is confident that its new mining law will lure private investment from the kingdom as well as abroad as it seeks to exploit an estimated $1.3 trillion of potential value in the sector.

The merged company will be called PT Indosat Ooredoo Hutchison.

Adnoc has inked deals with British Petroleum and Masdar for this.

A Dubai-based think-tank has said that as many as 254 start-ups, mostly from the UAE, Saudi Arabia, and Egypt, have attracted a record-breaking funding in 2021.

PSG boasts a stellar line-up, with the likes of Lionel Messi, Neymar, Kylian Mbappé, and Sergio Ramos taking to the field in its colors.

The companies face outrage after pulling a Russian opposition app.

The strong demand for cloud computing in the Gulf region is driven by efforts of the member states to diversify economies, a young digital society and increasing digitization by firms.

Wataniya Insurance Company’s board of directors has recommended to increase the company’s capital through a $53.3 million rights issue, according to a bourse filing.

Several airports in the region have announced plans to expand their airports to meet the expected growth in travel demand.

Aramco has bagged a one-year contract from Guyana to market the crude oil produced in the South American country.

Looking to protect many sectors of its economy from the competition that the foreign companies will present, Saudi Arabia has formed a new committee to regulate foreign investments.

Bunyan United Company, the Saudi Arabia-based real estate firm, has tapped BMG Financial Group as its advisor for its upcoming listing on Nomu, a parallel market in the Saudi stock exchange.

Abu Dhabi will obtain large generator step-up (GSU) transformers, protection and telecommunication systems for the Al Dhafra PV2 Solar project from Hitachi ABB Power Grids.

Saudi Arabia has awarded a $95.4 million contract to a consortium to manage water services and environmental treatment in Riyadh.

Due to supply shortages and high levels of inventory carried over from the first quarter, smartphone shipments to the GCC were more constrained than expected in Q2, believe experts. Samsung dominated the GCC smartphone market during the period with a share of 44.9 percent, according to a report by International...

Under the deal, US will provide 350 contractor technicians and two government officials over two years to handle the maintenance of the Saudi military's Apache and Black Hawk attack helicopters.

Under the new pact, Etihad will leverage Sabre's IT solutions.

The tournament was halted in May because of a devastating surge in coronavirus deaths in India, prompting foreign players to rush for every available flight out. Many are not coming back. England stars including Ben Stokes, Jos Buttler, Jonny Bairstow, Dawid Malan, Jofra Archer and Chris Woakes will be missing.

The council will aim to enhance bilateral economic and trade relations between the two countries.

The UN body has registered the Farasan Island Marine Sanctuary in its Man and Biosphere Program.

DUBAI: The emirate of Dubai sees tourism and exhibition activity returning to normal, with EXPO 2020 around the corner, according to Sultan bin Sulayem, DP World Group Chairman & CEO. Sulayem said Dubai has largely managed to mitigate the economic repercussions from the spread of the pandemic and DP World...

ADQ will acquire Swiss firm Acino from its current shareholders.

Unlike previous missions, there will be no experienced or officially trained astronaut onboard. The SpaceX launch is the first of American astronauts from US soil since the space shuttle program ended in 2011.