Abu Dhabi, UAE-- The UAE and Canada have reviewed bilateral ties at the first joint committee meeting in Abu Dhabi on Monday. The meeting was co-chaired by Reem Al Hashimy, UAE's Minister of State for International Cooperation, and Mélanie Joly, the Minister of Foreign Affairs of Canada. During the meeting,...

The bank's income increased by 35.4% year-on-year.

Paris, France - Stock markets slid on Monday, extending last week's sell-off n fears of a regional conflict in the Middle East and worries that US interest rates will remain elevated for longer than initially thought. The concerns about US interest rates have also been affecting bond markets, with the yield...

British Steel is battling losses of $36 million a month.

ABU DHABI, UAE - Khalifa Economic Zones Abu Dhabi (KEZAD) Group, the integrated trade, logistics, and industrial hub of Abu Dhabi announced the signing of a land lease agreement with Advanced Petro Services (APS), a leading provider of specialised services in the energy industry. KEZAD’s world-class industrial ecosystem is equipped...

RIYADH, SAUDI ARABIA – A total of 52 memorandums of understanding (MoUs) were signed at the Saudi-Korean Investment Forum here. The MoUs were signed by both government and private entities. Government agencies signed four MoUs with the private sector in areas such as real estate development, automotive, and water. President...

Akbar Al Baker led the state-owned airline for over 25 years.

Chevron last year posted a record profit of $35.5 billion.

Riyadh, Saudi Arabia -- The Saudi Authority for Industrial Cities and Technology Zones (Modon) has attracted new investments by partnering with China and Japan to provide third-party services in industrial cities, as part of Modon's strategic vision to be a preferred destination for the growth of investments and the first...

Invest AD Blackstone Debt Fund is an SCA-regulated fund.

MoU to enhance digital solutions for efficiency.

ABU DHABI, UAE – Emirati Minister of Economy Abdullah bin Touq Al Marri has announced that the Gulf Cooperation Council (GCC) countries will roll out a unified Gulf tourist visa within the next two years which will grant travelers, access to six countries. Al Marri said the seventh meeting of...

The company had posted net earnings of $136m in 9M 2022.

Dubai, UAE-- Hamdan Bin Mohammed Smart University (HBMSU) and Knowledge E have signed a memorandum of understanding to reshape the future of education in the emirates. The MoU was signed by Dr. Fahad Al Saadi, HBMSU Vice Chancellor, Learners Development, and Kamran R. Kardan, Founder and Chief Executive Officer of...

Dubai, UAE--Emirates Health Services (EHS) and Burjeel Hospital for Advanced Surgery have signed a memorandum of understanding (MoU) to bolster the delivery of health services within government schools. These efforts align with sustainable development goals in public health and encompass strategic cooperation in several key areas, such as developing the...

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has logged an impressive surge in new memberships this year, registering 4,981 new companies through the end of the third quarter. With this increase, the Chamber’s main branch and its other branches in Al Dhaid, Khor Fakkan, Dibba Al-Hisn,...

Majeed Al Abduljabbar will be the CEO from January 1, 2024.

Revenues for the period grew by 7.5 percent year-on-year.

DUBAI, UAE – A real estate brokerage based here has compiled the 10 largest land deals in the Emirate since the beginning of this year, with a total value of US$2.3 billion (Dhs8.6 billion). The study based on data from the Dubai Land Department showed that the largest land sale...

Dubai, UAE -- Emaar, The Economic City, the master-developer of King Abdullah Economic City (KAEC), has signed a strategic agreement with Orascom Development and Managment and Alkholi Holding Company to develop a waterfront mix-use destination in KAEC. This initiative aims to enhance the city's position as a family gateway to...

Its Q3 revenue posted a 24 percent jump to US$96 million.

It's net profit was AED 26.5 million ($7.21m) in Q3 2023.

The aim is to establish multiple logistics zones in the Kingdom.

Abu Dhabi, UAE--Kazakhstan is keen to expand trade ties with the UAE, setting a target of $1 billion in mutual trade. Speaking to a media outlet in Abu Dhabi, Arman Shakkaliyev, Minister of Trade and Integration of the Republic of Kazakhstan, said: ‘’We got some great plans to unlimit our...

Riyadh, Saudi Arabia-- UAE President Sheikh Mohamed bin Zayed and Vietnamese Prime Minister Pham Minh Chinh have explored opportunities to further strengthen ties between the two countries in a meeting between the two leaders in Riyadh. The president and prime minister met on the sidelines of the joint summit between...

Its revenues rose 77% to US$92m in the same period.

Dubai, UAE -- The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) and Microsoft have signed an MoU that enables innovation in key areas such as generative artificial intelligence (AI) and cloud computing and brings together both organizations’ capabilities and resources to enhance the tourist and cultural...

SHARJAH/ ABU DHABI, UAE -  Air Arabia announced the launch of a new route operating between Sharjah and Giza city in Egypt. The non-stop flights will connect Sharjah International Airport with Sphinx International Airport with a frequency of five weekly flights starting from  December 6, 2023. Group Chief Executive Officer,...

They will establish a logistics zone in King Abdulaziz

Maryan Apparel in the southern state of Kerala said it had supplied around 100,000 uniforms to Israel's police force for every year since 2015. "It is a moral decision," the company's managing director Thomas Olickal told AFP.

London, United Kingdom - European and US stock markets fell Thursday as investors worried over rising US Treasury yields and the Israel-Hamas crisis potentially growing into a wider conflict in the Middle East. Wall Street opened higher after falling the previous day, but slid into loss during morning trading, while Europe's...

Pfizer announced in March its deal with Seagen.

RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) on Thursday successfully priced its first dollar-denominated Shariah-compliant trust certificates (sukuk). The total amount of the issuance is $3.5 billion, consisting of two tranches - a $2.25 billion, 5 years sukuk maturing in 2028 and a $1.25 billion, 10 years sukuk...

The company's strategy is to sell fewer cars but at higher prices.

The European Union has built a powerful armory to challenge the power of big tech with its landmark Digital Services Act (DSA) and a sister law, the Digital Markets Act, that hits internet giants with tough new curbs on how they do business.

The company was approved by the Saudi Central Bank.

RIYADH, SAUDI ARABIA – The Saudi Standards, Metrology and Quality Organization (SASO) and Enterprise Singapore signed an MoU here, focusing on standardization and the coordination of standards. The signing ceremony occurred during the third session of the Saudi-Singapore Joint Committee on Wednesday. The primary objective of the MoU is to...

This is the real estate giant's first office in the UAE.

The bank reported total revenue of $5.6 billion.

It entered into seven solar, hydrogen agreements in China.

It took the decision after posting a drop in Q3 profits.

Netflix shares leapt more than 12 percent to $43.31 in after-market trades on the Nasdaq exchange. The streaming service said in an earnings report that its nascent ad-supported offering was gaining traction, with the number of users increasing nearly 70 percent over the quarter.

With Benjamin Netanyahu building up a huge force ahead of an expected land incursion into Gaza, Iran has warned of a possible pre-emptive strike and called for an oil embargo against Tel Aviv. President Joe Biden was due to make a television address on the crisis later in the day,...

Manama, Bahrain--Bahrain Economic Development Board (Bahrain EDB) has attracted $295 million in direct investments within the Information and Communications Technology (ICT) sector as part of a total projected direct investment worth $1.4 billion, during the first nine months of 2023. Stemming from 14 local and international projects, the direct investments...

Washington, United States - The United States on Tuesday said it was tightening curbs on exports of state-of-the-art AI chips to China, sending the share price of Nvidia and other semiconductor companies plummeting on Wall Street. The measures are the latest chapter in the policy started under the Trump administration to...

Markets had enjoyed a healthy run Tuesday on optimism that while Israeli Prime Minister Benjamin Netanyahu was preparing for a ground offensive in the blockaded territory, the crisis could be contained.

Riyadh, Saudi Arabia -- Saudi-listed ACWA Power has signed seven cooperation agreements with Chinese firms for solar, green hydrogen and water desalination projects. The agreements, signed during the third Belt and Road Forum held in Beijing on October 17-18, reaffirm ACWA Power’s commitment to collaborative sustainable development by leveraging its...

Dubai, UAE - Global tech giants such as Google, Microsoft, Zoom and Huawei are among more than 6,000 businesses displaying their latest advancements in fields like artificial intelligence, cybersecurity, mobility and sustainability at the 42nd annual GITEX Global, the biggest tech event of the year. Spanning a five-day extravaganza, the...

The JV will develop and deploy their combined proprietary technologies.

The world's largest contract electronics maker, Foxconn -- officially known as Hon Hai Technology Group -- already plays a lynchpin role in assembling gadgets for top global brands, including Apple's iPhone. But it has ambitions to diversify beyond electronics assembly -- even embracing the competitive but rapidly expanding electric vehicle...