The network runs on clean energy from world's largest carbon-neutral grid.

Dubai, UAE--Oil prices declined more than 1% on Monday as concerns about China's faltering economic recovery and a stronger dollar weighed against seven weeks of gains on tightening supply from OPEC+ output cuts. Brent crude futures fell $1.07, or 1.2%, to $85.74 a barrel by 0631 GMT while U.S. West...

The group revenues were AED 26.8 billion, 5% higher than H1,2022.

Its net profit jumped to US$77.19m as against US$37.63m.

Riyadh, Saudi Arabia--The Saudi National Debt Management Center (NDMC) has issued new sukuk worth $9.57 billion under the Local Saudi Sukuk Issuance Program, in addition to an early purchase of more than $9.52 billion. In a statement carried by the Saudi Press Agency (SPA), NDMC outlined that such a step...

Its net profit rose to US$4.14m as against US$3.96m last year.

Abu Dhabi, UAE--The UAE has applauded the UN for the successful unloading of oil from the deteriorating tanker, FSO Safer, situated off Yemen's coast in the Red Sea. The Ministry of Foreign Affairs (MoFA) lauded the collective efforts of the United Nations, its Secretary-General Antonio Guterres, the Coalition to Restore...

TEHRAN, IRAN – Pretoria fully supports Tehran joining BRICS, South African President Cyril Ramaphosa said at a meeting with Iranian Foreign Minister Hossein Amir Abdollahian. "South Africa is interested in Iran being accepted as a friendly country by the BRICS," Ramaphosa said as quoted by Mehr News. The South African...

New Delhi, India -- The UAE ranks first among the countries in the world in the employment of Indians, currently employing more than 3.55 million people from the world's most populous country, India's Minister of State for External Affairs, V Muraleedharan, told parliament. The number of Indians in the UAE...

Dubai, UAE -- In a step towards its clean energy ambitions, the Dubai Electricity and Water Authority (DEWA), has announced Abu Dhabi Future Energy Company (Masdar) as the Preferred Bidder for the development and operation of the 1,800MW sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The...

Until April 15, when the conflict erupted between the army headed by General Abdel Fattah al-Burhan and Mohamed Hamdan Daglo's paramilitary Rapid Support Forces, Seif had worked at a Khartoum university. Now the engineering lecturer and his family live in Wad Madani, In order to survive, he has started selling...

Saudi Arabia, which has pioneered the development of smart cities in the region, plans to establish more than 200 smart cities.

Abu Dhabi, UAE--EDGE has signed an agreement with Turbomachine to work together on the development of engines, including turbofan and propellant fan, for EDGE portfolio of UAVs and missiles. The agreement will see EDGE and Turbomachine work closely together on the development of engines, including turbofan and propellant fan, for...

Jeddah, Saudi Arabia--Brazilian forward and former Liverpool star Roberto Firmino hit a hat-trick on his Saudi Pro League debut on Friday as Al- Ahli defeated Al-Hazem 3-1. The 31-year-old skipper found the net in the sixth, 10th and 72nd minutes for the promoted team who also fielded fellow new signings Riyad...

The American network will launch the deal with broadcasts of two games on Monday featuring Ronaldo and Karim Benzema. Fox's deal was for 100 matches this season and for both English and Spanish language rights. The matches will feature on Fox Sports 2 and Fox Deportes as well as Fox...

The Kazakh minister said his country hopes to benefit from the UAE's experience in tourism and development sectors as he affirmed Kazakhstan's objective to add more facilities and resorts to its tourist attractions. He noted how Astana, the capital, has become a suitable destination for investment, especially in the tourism,...

It posted gains in one week on the back of company results.

In Asian stock market trading, Hong Kong extended the week's losses Friday, even as e-commerce titan Alibaba surged on a forecast-busting rise in revenue.

The company’s turnover during the second quarter was $380m.

PARIS, FRANCE - The International Energy Agency said Friday it had revised upwards its forecast for global oil demand growth in 2023 as demand is "scaling record highs". World oil demand already hit a record 103 million barrels per day in June and August and "could see yet another peak", the...

Consolidated revenue of DEWA rose 4.1 percent in Q2.

In Q2 2023, net profit jumped 25.7% to $21.8 million.

The award has been received from ADCNOC Gas.

The firm works to diversify its business operations.

The company's insurance revenue reached $582 million.

Alibaba's revenue amounted to 234.1 billion yuan ($32.5 billion).

Disney+ finished the quarter with 146.1 million subscribers, compared with just shy of 158 million in the first three months of this year, the group said. All but a sliver of the loss in Disney+ subscribers took place in India, where the entertainment titan early this year lost rights to...

Dubai, UAE-- More than 15 million people visited Dubai Municipality public parks, neighborhood parks, lakes, and recreational facilities for the first time during the first half of 2023. It marks a 50 percent increase in the same period of 2022, which recorded approximately 10 million visitors. Visitors to parks and...

Abu Dhabi, UAE--Black Cobra Military Supplies (BCMS) and the National Factory for Safety and Security Products (NFFSP) have signed a memorandum of understanding (MoU) to design and manufacture military footwear for the MENA region. Facilitated and supported by the Emirates Defence Companies Council (EDCC), the agreement aims to offer a...

Riyadh, Saudi Arabia--The Saudi Export Development Authority organized a trade mission to Japan under the theme of "Saudi Made" in Tokyo on Tuesday. The mission comes as part of the Saudi Export Development Authority efforts aimed at developing non-oil Saudi exports, stemming from its role in promoting exporters and their...

Its net profit for H1 of 2023 stood at US$11.70 million.

Abu Dhabi, UAE - A record 2.4 million tourists visited the UAE during the first six months of 2023, a report by the Department of Culture and Tourism – Abu Dhabi said. Also, the numbers marked an increase of around 34 percent compared to the same period during last year....

Riyadh, Saudi Arabia -- The value of Saudi Arabia's real estate transactions declined 16 percent year-on-year (YoY), or SAR 36.2 billion, to nearly SAR 184.42 billion ($49.15 billion) in 2022. The Ministry of Justice said that this is the first decline in the value of real estate transactions in the...

Dubai, UAE -- Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, attracted 69 emerging technology companies to the emirate in the first half of 2023 in partnership with various government authorities. The chamber said that during the six-month period, the chamber...

The Japanese electronics-to-entertainment conglomerate said its annual net profit for the year to March 2024 should reach 860 billion yen ($6.0 billion), up from a previous estimate of 840 billion yen. The overall sales forecast was upgraded to 12.2 trillion yen from 11.5 trillion yen. it expects to see stronger...

Muscat, Oman--Looking to address its mounting debt, Oman Air has backed a restructuring program to reduce its losses by 15 percent in the ongoing fiscal year while aiming to reach a break-even point by 2026.   The airline in May made a forecast of reducing its net loss by a further...

Sharjah, UAE--The Real Estates Sector Business Group has discussed with the Sharjah FDI Office (Invest in Sharjah) ways to promote lucrative real estate investment projects in Sharjah and invigorate the local real estate sector. The meeting looked into ways to benefit from the Sharjah FDI Office's expertise to promote real...

Dubai, UAE - Dubai International Chamber attracted 56 businesses to the emirate during H1 2023, including six multinational corporations and 50 Small and Medium-sized Enterprises (SMEs), local media reports said. It also supported the expansion of 15 local and national companies into global markets, either by increasing their exports or...

Paris, France -- Taiwanese chipmaker TSMC agreed Tuesday on a multibillion-dollar deal to build a plant in Germany, part of a push to put Europe at the center of the global semiconductor industry. The United States and China are embroiled in a fierce rivalry to dominate the chip industry, and Europe...

Washington, United States - The US trade deficit narrowed in June on a bigger pullback in imports than exports, according to government data released on Tuesday. The overall trade gap came in at $65.5 billion in June, down from a revised $68.3 billion figure in May, Commerce Department data showed. This...

Oslo, Norway - Norway's data protection agency said Tuesday it would start fining Facebook and Instagram owner Meta nearly $100,000 per day for defying a ban on using users' personal information to target ads. The Norwegian watchdog, Datatilsynet, said Meta would be fined one million kroner ($97,000) per day, starting August...

The investment giant was hit by a drop in the share prices of major holdings.

Dubai, UAE -- Dubai's real estate market recorded real estate deals worth more than AED 2 billion ($544 million) on Tuesday, Dubai Land Department said. The deals include 433 sales transactions worth AED1.7 billion, in addition to 90 mortgage deals totaling AED270.28 million, and 37 gift deals amounting to AED69.36...

The company had posted a loss of AED7 million in Q2 2022.

The company reported a revenue of $205m in H1 2023.

Right now, based on the current plans, we're anticipating that we're going to be ready with the spacecraft in early March," said Mark Nappi, Boeing vice president and program manager of the Starliner program. He added that the actual launch date would depend on constraints in the space calendar and...

Abu Dhabi, UAE-- In a boost to the UAE's effort to secure self-sufficiency in the food sector, ADQ has partnered with Safe Haven Solutions, a Netherlands-based climate-smart agriculture solution provider, to construct a high-tech greenhouse at ADQ’s AgTech Park in KEZAD. The automated 10-hectare facility will leverage advanced agricultural technology...

The drop in exports was bigger than expected and the heaviest since a 17.2 percent plunge in January-February 2020, when the economy came to a standstill in the early weeks of the Covid-19 pandemic. Apart from a brief rebound in March and April, exports have been in constant decline since...

The Qatari company's net profit for H1 stands at US$211.26m.

The company suffered a net loss of US$0.79 million.