DOHA, QATAR -  The Ministry of Labor (MoL) launched the "Istamer" digital platform, which deals with employing Qatari retirees wishing to work in the private sector. The unveiling of the Istamer platform is a key component of promoting the National Program for Job Localization in the Private Sector. Its purpose...

ABU DHABI, UAE - ADNOC and Abu Dhabi National Energy Company (TAQA) have completed the financial closing of their $2.2 billion (AED8.3 billion) strategic project to provide sustainable water supply for ADNOC's onshore operations. This strategic investment between two Abu Dhabi energy giants entails developing and operating facilities to sustainably...

The Public Investment Fund is a related party to the contracts.

The firm, PT Multitrend Indo, was listed on the Indonesian stock exchange.

Evergrande's enormous debt has contributed to the country's deepening property market crisis, raising fears of a global spillover. The property sector, which along with construction accounts for about a quarter of China's gross domestic product, is a key pillar of the country's growth and has experienced a dazzling boom in...

With this deal, Alpha Dhabi marks entry into water and wastewater domain.

Its investment will heat up the race for dominance in AI.

Tokyo, Japan-- The UAE and Japan have held discussions to boost partnership in various sectors of the economy even as the first ministerial meeting of the comprehensive strategic partnership took place between the two countries in Tokyo. In this regard, Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced...

The EU trade commissioner is in China to press the bloc's case that it is not seeking an economic decoupling from China. His trip follows a report by the Chamber of Commerce of the European Union last week that showed business confidence was at one of its lowest levels in...

New York, US-- Jordan, Iraq, and Egypt have pledged to cement the partnership between themselves in order to boost cooperation in several economic and political fields. In this connection, Jordanian Deputy Prime Minister, Minister of Foreign Affairs, and Expatriates Ayman Safadi participated in a tripartite meeting with his Iraqi and...

Dubai, UAE -- Future100, a collaborative initiative between the Ministry of Economy and the Government Development and the Future Office, has forged 25 strategic partnerships, which are aimed at supporting the top 100 emerging companies that play a vital role in bolstering the competitiveness of the UAE’s future economy sectors....

New York, US--Secretary-General of the Gulf Cooperation Council (GCC), Jasem Mohamed Albudaiwi, has stressed the importance of strengthening ties with the United Kingdom, including the Free Trade Agreement (FTA), which is an essential element of the strategic partnership and will contribute to achieving common interests. This came during Albudaiwi’s meeting...

Yinchuan, China--The sixth China-Arab States Expo commenced today in Yinchuan, northwest China's Ningxia Hui Autonomous Region, marking yet another chapter in the ever-expanding economic and trade nexus between China and its Arab counterparts. Spanning a sprawling 40,000 square meters, the Expo boasts an offline exhibition arena with participation from over...

Jakarta, Indonesia-- The UAE and Indonesia have discussed mechanisms to expand regional cooperation and opportunities for trade and investment cooperation between the two countries. In this connection the two countries have reviewed a number of economic and investment issues of common interest in the fields of energy, mining, tourism, real...

Doha, Qatar -- The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice between 10 Sept. and 14 Sept. 2023 reached more than QR 218 million ($60 million). Total sales contracts for residential units in the Real Estate Bulletin...

Doha, Qatar -- Qatar Central Bank (QCB) issued treasury bills worth QR 500 million ($137 million) for a one-week term, due on Sep. 28, at an interest rate of 5.7550 percent. Earlier this month, QCB issued treasury bills for one week that amounted to QR one billion. Treasury bills are...

YEREVAN, ARMENIA  - Chairman of the Federation of UAE Chambers of Commerce and Industry (FCCI) Abdullah Mohamed Al Mazrouei and the host country’s Minister of Economy Vahan Kerobyan have together inaugurated the UAE-Armenia Business Forum here. The forum saw the signing of four Memorandums of Understanding (MoUs); with three of...

It expects to fulfill growth plan through the partnerships.

Amman, Jordan-- Jordan and the World Bank have held discussions to enhance cooperation in infrastructure projects and the public-private partnerships. In this connection, Jordanian Minister of Investment Kholoud Al Saqqaf met with World Bank Vice President for Infrastructure Affairs Guangzhe Chen in Amman. During the meeting, Al Saqqaf reviewed a...

Looking to shore up ties between the two countries, Kuwait and China have signed cooperation agreements across a range of sectors, including renewable energy, infrastructure, low-carbon recycling. The agreements were signed in the Chinese city of Hangzhou and were presided over by Kuwait's crown prince and Chinese president.

ABU DHABI, UAE - The volume of trade exchange between the UAE and the Kingdom of Saudi Arabia grew by 28 percent in 2022, reaching US$37.4 billion (AED 137.51 billion), compared to US$29 billion (AED 107.41 billion) in 2018. The total non-oil trade between the UAE and Saudi Arabia rose...

Chinese state broadcaster CCTV also announced the launch of an "Economic Working Group" and "Financial Working Group," saying both will hold "regular and irregular meetings to strengthen communication and exchange on relevant issues."

Activision Blizzard makes popular games like "Call of Duty".

Dubai, UAE -- Dubai has maintained its ranking among the top five global maritime centres on the 2023 International Shipping Centre Development (ISCD) Index for the fourth consecutive year. The city also earned the top rank for sea freight and logistics services in the Arab world, as per the latest...

The sukuk, issued on Sept 20, 2018, carried profit rate of 7.125%.

Splunk is a software platform that uses AI to identify malware.

Firm won $109 million contract extending over four years.

Abu Dhabi, UAE--UAE stock markets Thursday continued to capitalize on improved investor sentiments, defying US Fed's decision to keep interest rates steady on Wednesday, while projecting an increase by year-end. Blue-chip real estate, banking, and energy stocks lead the gainers in the Capital's bourse, as giant property Emaar drove DFM...

Microsoft has bet big on AI, notably with a $10-billion envelope dedicated to its partnership with OpenAI, and is now trying to monetize this technology by integrating it into its products. The Redmond, Washington-based group also announced on Thursday that the Bing bot was now able to draw on previous...

Beijing, China -- A total of 34 deals worth approximately AED1.73 billion ($471 million) were signed at the conference on high-quality modern agricultural cooperation, one of the activities of the 6th China-Arab States Expo (Expo), held in Yinchuan, the capital of northwest China's Ningxia Hui Autonomous Region, on Friday. As...

The pact will help manufacture vaccines in Saudi Arabia.

RIYADH, SAUDI ARABIA -  Saudi cinemas began the screening of the horror and thriller movie Cello, with global participation of stars from the US, England, Kuwait, Saudi Arabia and Syria. The movie is based on the novel released in 2021 by Chairman of General Authority for Entertainment, Advisor Turki Al...

JEDDAH, SAUDI ARABIA - The International Islamic Trade Finance Corporation (ITFC), which is a member of the Islamic Development Bank, has collaborated with Turk Eximbank to provide a joint loan worth $277 million. This loan includes murabaha facilities, an Islamic finance and investment instrument. This collaboration aims to enhance trade...

The $32.81 million deals were registered by Tadawul.

AJMAN, UAE – The Ajman Chamber of Commerce and Industry (ACCI) has revealed that the volume of exports from the emirate grew 19.6 percent during the first half of 2023 (H1 2023). The emirate’s total exports reached US$1.2 billion (AED4.57 billion) in H1 2023, compared to some US$1.1 billion (AED4.3...

Global stocks sank after the US Federal Reserve hinted it could hike interest rates again this year to tame inflation and other central banks warned they were not done either. London stocks bucked that trend, however, after the Bank of England held interest rates steady after 14 hikes.

Pressure from activist shareholders and a takeover offer from private equity group CVC prompted aborted attempts to split the company first into three, and then into two. "Toshiba Group will now take a major step toward a new future with a new shareholder," CEO Taro Shimada said in a statement...

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) said it is likely to host the first Gulf-Iraq Business Forum on September 26- 27, local media reports said. The theme of the event is “Partnership for a Promising Economic Future”, and is expected to present multiple investment opportunities....

YINCHUAN, CHINA - In the run-up to the sixth China-Arab States Expo, guests from countries and regions along the Belt and Road expressed their expectations for further cooperation with Beijing. On Tuesday, northwest China's Ningxia Hui Autonomous Region opened its third international friendship-cities forum in Yinchuan, the regional capital. Among...

PARIS, FRANCE - French firm TotalEnergies and Indian group Adani unveiled plans on Wednesday to create a joint venture to develop wind and solar electricity production in India. The joint venture will include wind and solar assets that Adani Green Energy Limited (AGEL) already operates and is building and developing in India,...

DOHA, QATAR - Qatar Financial Markets Authority (QFMA) announced the launch of a single window e-portal, which aims to facilitate and ease procedures for securities offering and listing to companies participating in the financial market. QFMA explained in a statement that submitting the applications was made available on Tuesday via...

Qantas said some of the former airline chief's pay could be subject to clawback "should the board determine that necessary". The airline said its reputation took a blow when Australia's competition commission last month launched a Federal Court case accusing it of selling more than 8,000 tickets for flights that...

Google has for years discreetly developed AI powers but was caught off guard when OpenAI late last year released ChatGPT and teamed up with Microsoft to make its capabilities available to users worldwide. Google then raced out its own Bard chatbot earlier this year, making it available in more than...

Spain's Securities Market Regulatory Authority cleared the deal.

Riyadh, Saudi Arabia -- Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) and Korea Customs Service have signed a memorandum of understanding regarding mutual recognition of the Authorized Economic Operator (AEO) Program. ZATCA Governor Eng. Suhail bin Mohammed Abanmi and Korea Customs Service Commissioner Kwanghyo Ko signed the MoU, which...

The tech tycoon has made multiple changes since taking over the site for $44 billion in October last year, when it was known as Twitter. He has fired thousands of employees, introduced a paid premium option, cut content moderation and reinstated formerly banned accounts including that of former US president...

Clearance of goods transactions increased by 35.8%.

Riyadh, Saudi Arabia-- The Airports Council International (ACI) for Asia-Pacific and the Middle East has established its first office in Riyadh. Saudi Minister of Transport and Logistics Services and Chairman of the Board of Directors of the General Authority of Civil Aviation (GACA), Saleh Al-Jasser, inaugurated the office yesterday. Al-Jasser...

The US grocery delivery start up set IPO price at $30 per share.

Manama, Bahrain--Spire Technologies has obtained licenses from the Central Bank of Bahrain (CBB), authorizing it to operate as a fully regulated open banking ancillary service provider in Bahrain. The approval from the CBB will effectively enable Spire Technologies to expand its offerings, delivering expert financial insights and swift digital solutions...