ADNOC's partnership with EDGE Group aimed at cutting emissions.

DOHA, QATAR -  Minister of State and Chairman of the Board of Directors of the Free Zones Authority Ahmad bin Mohammed Al Sayed, met with Advisor to the Iranian President and Secretary of the Supreme Council of Free and Special Economic Zones in the Islamic Republic of Iran, Hojjatullah Abdul...

Dubai, UAE -- The value of real estate deals in Dubai increased by 40 percent to reach AED 97.55 billion ($26.55 billion), compared to AED 69.5 billion in the third quarter of 2022, real estate company D&B Properties said. The emirate's market surged 22 percent in terms of transactions, with...

Abu Dhabi, UAE-- The Arab Development Establishment (ARDECO) has revealed that it is in talks with several international companies in the oil and gas sector to establish joint ventures boosting Abu Dhabi's industrial base. Yousef Al Nowais, CEO of the Arab Development Establishment (ARDECO), said the joint ventures will help...

At a launch event in New York, Rick Osterloh, SVP of devices and services at Google, said that the company's AI teams had figured out how to "distill" AI models "into a version efficient enough to run on our flagship Pixel." Google caught some by surprise with news that the...

It will join the UAE's FDI program to expand footprint.

The two free zones will collaborate to grow businesses.

Al-Haddadiya, Syria - At his farm in Syria's northeast, Abdullah al-Mohammed adjusts a large solar panel, one of hundreds that have cropped up over the years as farmers seek to stave off electricity shortages in the war-ravaged region. Solar energy has offered a lifeline for the farmers amid drought and power...

Doha, Qatar -- QatarEnergy has been awarded a new exploration block offshore Egypt as part of the 2022 EGAS International Bid Round. The results of the competitive bid process were announced by Egypt's Ministry of Petroleum and Mineral Resources, awarding exploration and production rights for block EGY-MED-E8 (East Port Said)...

Baker Huhges will supply all-electric compression systems.

Despite many cultural treasures, there were only 32,535 hotel guests in the Jericho area in the first half of this year.

The Kingdom's production in the coming months November and December will be approximately 9 million barrels per day, the country's energy ministry said. It added the decision will be reviewed next month to consider deepening the cut or increasing production. The additional voluntary cut comes to reinforce the precautionary efforts...

Brasilia, Brazil-- The UAE and Brazil have explored opportunities to develop cooperation in trade, energy and climate issues in a meeting between Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs of the UAE, and Mauro Vieira, Minister of Foreign Affairs of Brazil, in the capital, Brasilia. The meeting,...

Amman, Jordan-- Jordan has taken measures to hedge against the impact of international crises on food security and lower its impact on families, local communities and the national economy of the kingdom. This was revealed by the kingdom's Minister of Agriculture Khaled Hneifat while speaking the 6th General Assembly meetings...

The focus has been on US Treasury bond yields that have surged to levels not seen in over a decade, suggesting doubts about prospects for growth and corporate earnings. The yield on the benchmark 10-year Treasury bond has reached the highest level since 2007 -- the beginning of two years...

Air France-KLM will buy 19.9% shares of SAS.

ABU DHABI, UAE – ADNOC and Fertiglobe on Tuesday announced the pilot deployment of the world’s first cost-effective modular CycloneCC carbon capture unit at Fertiglobe’s 100 percent owned nitrogen fertilizer plant in the Al Ruwais Industrial Complex here. Fertiglobe was formed as a strategic partnership between ADNOC and OCI Global....

Evergrande estimated it had debts of $328 billion at the end of June.

JAZAN, SAUDI ARABIA - The Jazan City for Primary and Downstream Industries has marked a significant milestone with the departure of its inaugural ship, bound for New Orleans, US. This vessel is laden with 37,000 tons of iron steel foundry product (Pig iron), representing the first-ever production of this commodity...

Dubai, UAE -- Dubai Electricity and Water Authority (DEWA) Tuesday signed a 30-year water purchaser agreement worth SAR 3.42 billion ($911 million) with Saudi Arabia’s ACWA Power for phase 1 of the Hassyan sea water desalination project using solar power. The project is part of DEWA’s efforts to increase its...

RAS LAFFAN, QATAR - Qatar's state-owned energy giant began construction on Tuesday on a project to expand production from the world's biggest natural gas field through an export terminal on the Gulf emirate's northeast coast. There has been mounting demand for Qatari gas as European consumer nations have scrambled to replace...

The agreements are aimed at boosting investment in Aroya Cruise.

The aim is to advance insurance services in the Kingdom.

Abu Dhabi, UAE -- ADNOC and international energy company, Occidental, announced today an agreement to undertake a joint preliminary engineering study for the construction of the first megaton-scale direct air capture (DAC) facility outside the United States. The agreement is the first project to reach the technical feasibility stage since...

Abu Dhabi, UAE -- Top executives from South Korean companies have affirmed that numerous firms are actively looking to expand and inject new investments into the UAE's oil and gas sector, noting that the UAE is attracting capital seeking unprecedented growth and prosperity opportunities worldwide. In statements to Emirates News...

The workers were asked not to report to work due to the strike.

Abu Dhabi, UAE-- The UAE will produce 19.8 gigawatts of clean energy by 2030, Suhail bin Mohamed Al Mazrouei, Minister of Energy and Infrastructure, told a global audience of energy leaders at opening of ADIPEC 2023, which convened today under the theme of ‘Decarbonising. Faster. Together.’ Speaking at ADIPEC’s ministerial...

Algeria's president has named Rachid Hachichi as new CEO.

Abu Dhabi, UAE--Abu Dhabi Oil Company (ADOC) is planning more investments and expansions in the UAE, according to a senior company official. Takahiko Shingai, Deputy General Manager and Director of Development Department at ADOC, told the Emirates News Agency (WAM) on the sidelines of the ADIPEC 2023 exhibition and conference...

The company expects to raise around $1.58 billon.

President of the upcoming COP28 climate talks Sultan Al Jaber, also the head of UAE state-owned oil firm ADNOC, told an oil conference that the fossil fuel industry would play an essential role in addressing the crisis. "This industry has been viewed as part of the problem, that it's not...

Washington, United States - US manufacturing activity contracted in September by the least since late 2022, beating analyst expectations despite weakness in new orders, survey data showed Monday. The Institute for Supply Management's (ISM) manufacturing index came in better than anticipated at 49 percent last month, up from 47.6 percent in...

Dubai, UAE - Dubai Electricity and Water Authority (DEWA) commissioned the 200MW second unit of the parabolic basin complex in fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, local media reports said. This phase uses the Independent Power Producer (IPP) model with investments of up to AED...

SVC is a government investment firm established in 2018.

Muscat, Oman -- Foreign assets at the Central Bank of Oman (CBO) grew by 27.4 percent to RO 6.855 billion ($17.88 billion) by the end of July 2023, compared to the corresponding period in 2022 data issued by the National Centre for Statistics and Information (NCSI) show. Initial data issued...

Telecoms giants say that they need more money to maintain and update the infrastructure to meet Europe's voracious data needs, and that it would be fairer if firms like Netflix contributed towards the cost. But tech behemoths say telecoms companies already get money from customers, while digital rights activists fear...

Tehran, Iran-- Iran's foreign trade has registered a 4.84 percent jump to $54.6 billion between March and September this year. According to the head of the Iranian customs office (IRICA) Mohammad Rezvanifar, 68 million tons of non-oil goods, valued at $24.1 billion, were exported overseas from March 21 to September...

The latest entry in the wildly popular "Assassin" franchise is released Thursday, to be followed in December by a game based on the hit "Avatar" films -- which was originally scheduled to hit shelves a year ago. Attesting to its optimism, Ubisoft expects strong revenue growth this year after a...

Donald Trump intends to be present for the start of the trial on Monday morning as a civil fraud trial against the former president and two of his sons begins in New York, threatening the Republican frontrunner's business empire as he campaigns to retake the White House with four criminal...

Dubai, UAE--Dubai Chamber of Digital Economy is all set to welcome the global business community to Expand North Star, the world's largest gathering of startups and investors. Expand North Star will host more than 1,800 startup exhibitors from over 100 countries. More than 1,000 investors with a combined total of...

Tripoli, Libya--Libya and Italy have signed an agreement to enhance cooperation to enable air transport companies to operate charter and regular flights between the two countries. In this regard, the Libyan Civil Aviation Authority and the Italian civil aviation authority signed a memorandum of understanding (MoU) at the Ministry of...

RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia signed a memorandum of understanding (MoU) with Pakistan here on Sunday to expand bilateral cooperation in communications and information technology by accelerating digital transformation, promoting innovation and developing digital infrastructure. Saudi Arabia’s Minister of Communications and Information Technology Eng. Abdullah Alswaha...

Riyadh, Saudi Arabia -- Consumer spending in Saudi Arabia grew 8 percent to SAR 115.4 billion ($30.76 billion) in August 2023, from nearly SAR 107.1 billion during the same month last year, Argaam reported. Consumer spending includes total cash withdrawals, point-of-sale (POS) transactions and e-commerce sales through "Mada". POS transactions rose 10...

London, United Kingdom -- The collapse of cryptocurrency platform FTX, whose disgraced former boss goes on trial this week, sparked shock waves worldwide, with regulators still seeking to get to grips with the sector. Sam Bankman-Fried, once the wunderkind of crypto, will appear in a federal New York court on Tuesday...

Doha, Qatar -- The main building of Expo 2023 in Doha has made it to the Guinness World Records for having the largest green roof in the world. The roof of the building, implemented by Qatar's Public Works Authority (Ashghal), has an area of 4,031 square meters. The new global...

RIYADH, SAUDI ARABIA - ROSHN Group, one of the Public Investment Fund (PIF) subsidiaries, announced on Sunday the opening of sales for the latest phase of SEDRA, the group’s flagship integrated community development here. According to a ROSHN Group press release, SEDRA phase 3 will add 3,438 more houses to...

MOSCOW, RUSSIA – A senior Russian official said that they intend to move towards visa-free travel with all countries of Latin America. Director of the Russian Foreign Ministry’s Latin American Department Alexander Shchetinin said that this is an achievable goal. Shchetinin told TASS about the to move towards visa-free travel...

The sports car maker posted gains one year after its IPO.

Bridgetown, Barbados-- The UAE and Barbados have discussed prospects for bolstering bilateral cooperation, particularly in climate action and renewable energy, besides looking to boost economic and trade ties between the two countries. The subject was discussed in a meeting between Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs...

Monaco, Monaco--The Old Doha Port has signed several agreements with professional global companies, specialized in yacht during its participation in the global 2023 Monaco Yacht Show, to put the Old Doha Port on the global map. Executive Director of the Old Doha Port, Mohammed Abdullah Al Mulla, pointed out that...