Nearly 75 percent of banks expect tech giants such as Google and Amazon to dominate the banking industry in five years' time, a report said.

Elkaso, the United Arab Emirates-based company, has raised $2.1 million in a pre-seed round, with Global Founders Capital leading the funding round.

Blackstone, the US-based alternative investment management company, is in discussion with VFS Global, the Dubai-based visa outsourcing company, to buy it out for $1.2 billion.

DP World, the Dubai-based port operator, will invest $415 million in a new berth at its London Gateway logistics hub to increase supply chain resilience and create more capacity.

The startup's latest funding is led by SoftBank and a unit of the PIF.

Egypt and Toyota of Japan are looking to explore investment opportunities in blue ammonia, and in this regard the Egyptian Ministry of Petroleum signed a memorandum of understanding with Japan's Toyota Tsusho.

The Board of Control for Cricket in India, in a statement on its website, has confirmed the earlier reports, which now mean that the UAE will earn even more revenue than what it usually generates from the sporting events it hosts.

DUBAI: Minerals Development Oman (MDO) will build a titanium dioxide production plant with an annual capacity of 150,000 tons in the Sohar Free Zone at a cost of RO 43 million ($112 million). The MDO has signed a shareholder agreement in this regard. The project, covering an area of more...

This cooperation builds on a 2017 MoU between Honeywell and Aramco to explore the benefits of Honeywell's Industrial Internet of Things offering.

Vertiv Holdings Company is making the buy via its subsidiaries.

Kuwait's Burgan Bank has been allowed to issue up to $500 million senior unsecured bonds under its Euro Medium Term Note program. In a statement on the Kuwait stock exchange on Wednesday, the bank, which is a subsidiary of Kuwait Projects Company Holding KSC, said it has received approval from...

Henley & Partners’ Best Residence-by-Investment Cities for Business Index ranks cities according to lifestyle, tax, education, real estate, healthcare, security, infrastructure, etc.

Instagram has worked to address problems of bullying, suicide

DUBAI: The UAE's non-oil trade rose to AED 1.403 trillion ($371 billion), reflecting the country's robust trade exchanges despite the negative impact of the Covid-19 pandemic The Federal Center for Competitiveness and Statistics (FCSA) data said the UAE commanded a coveted position globally and regionally in merchandise trade, with its...

Ethiopia's refusal to sign a binding agreement on the dam has dashed hopes of a settlement with Egypt and Sudan.

The activists want the company to do more to address climate concerns

ACWA Power of Saudi Arabia intends to raise nearly $1.2 billion through Initial Public Offering (IPO), and in this regard it has set an indicative price range of the IPO.

Gulf Islamic Investments (GII) of Dubai is looking to pick up a stake in a Saudi healthcare company for $600 million. It is part of the financial services firm’s expansion strategy in the kingdom.

The memorandum is said to be in line with Kuwait Vision 2035 and the national development plan 2021-2025.

The meeting was held on Monday at the premises of the OCCI in Muscat.

The pandemic might have battered other sectors of the world economy, but the shipping industry has raked in revenues not seen since 2008.

Halliburton, the US oil field service giant, is in the final stages of building the first reactor plant for the manufacture of chemicals in King Salman Energy City “Spark” in Jubail, and production will begin in the first quarter of 2022.

Prominent media houses that have announced plans to move their base from Dubai to Riyadh include the state-owned Al Arabiya and its sister channel Al Hadath owned by the MBC Group and the recently-launched Asharq news channel.

DUBAI: Saudi Arabian insurance sector showed overall positive developments during Q2 as gross written premiums (GWPs) grew by 8.1 percent to reach 9.4 billion compared to 8.7 billion SAR in the corresponding period last year, Saudi Central Bank SAMA said. GWP is used to measure an insurance’s company’s revenue health....

DUBAI: A Memorandum of Understanding signed between the National Bank of Umm Al Quwain (NBQ) and Umm Al Quwain Free Trade Zone (UAQ FTZ) allows easing of corporate banking requirements of companies registered in the zone. Such companies will form a privileged circle of customers who can avail of priority...

The company had sought Saudi Central Bank's approval for the amendment.

Researchers found the problem while analysing a Saudi activist's phone

The project linking the six GCC countries is expected to boost exports, diversify mode of transportation and reduce carbon emissions by cutting the need for trucks and cars.

The era of space tourism comes with many options: a few minutes of weightlessness, or a few days or a short hop above the Earth's atmosphere or a journey to the Moon and back.

Taking a strong stance against money laundering, the Central Bank of the UAE (CBUAE) has issued a new guidance on transaction monitoring and sanctions screening for its licensed financial institutions (LFIs) that aims to promote anti-money laundering.

The reasons behind the penalty included not declaring quarterly financials, and not paying their annual subscription fees.

The bank will make the investment over the next two years.

The value of exports of national origin of Bahrain increased to BD386 million ($1.06 billion) in August 2021, compared to BD190 million ($505.32 million) in August 2020.

Hedge funds in Middle East are abuzz with excitement, posting double digit gains in August this year, after a weak performance in 2020.

An international commercial flight touched down in the Afghan capital on Monday, the first since the Taliban retook power last month.

The initial price is set at AED2.30 (around $0.63) per share.

Apple was forced to loosen the grip it holds on its App Store payment system. The tech giant requires developers to adhere to its rules for what apps can or can't do, and makes them use the App Store payment system for all transactions there.

It has been a roller coaster ride for insurance companies in the GCC countries and the health care sector since the outbreak of COVID-19 in the region.

In order to diversify investment opportunities, the Dubai Financial Market (DFM) will roll out new equity futures contracts on individual stocks of three listed companies.

Sidra Capital, the Saudi Arabia-based investment firm, has bought an office building in the United Kingdom for $26 million.

The CEO of the UAE-based Shuaa Capital has bought 57, 966, 523 shares in the financial firm, taking his personal stake close to 30 percent in the company.

Investments from UAE-based property developers helped Bahrain’s tourism sector remain buoyant during the pandemic.

Flights between Sharjah and Riyadh, Jeddah and Dammam to start from Sep 14

The company hires two members for Industrial and Logistics.

Cloning is in demand not only for beauty pageants and races but also for reproducing camels that produce large amounts of milk.

The destination is in high demand from business travelers, tourists.

The RTA will operate 126 buses within Dubai, and 77 buses between Dubai and the other emirates, all so that visitors have a smooth time attending Expo 2020. The buses will apparently run 1,956 direct daily trips from Saturday to Wednesday.

The Saudi Vision 2030 has unlocked investment opportunities worth SAR12 trillion (€2.7 trillion or $3.2 trillion).

DGCX will extend technical support and skills to VFEX.

The power consumption of the farms equaled that of 2 million people.