Dubai, UAE--Dubai Taxi Corporation (DTC) has launched its strategic plan for digital transformation 2022-2025 designed to improve the quality of the service it provides to customers. The plan seeks to accomplish a host of strategic goals highlighted by digital mobility, excellent operation, financial sustainability, people’s happiness, and shaping the future....

Dubai, UAE - The Dubai Chamber of Commerce reported a 43 percent increase in new member companies, reaching a total of 30,146 in the first half of 2023, up from 21,098 in the first half of 2022. The total value of exports and re-exports from member companies also saw a...

The group expects full-year net loss of around $4.94bn.

Around 200 Tunisian bakers stage a sit-in after a government decision to stop selling them subsidized flour, a move threatening the closure of hundreds of bakeries.

Riyadh, Saudi Arabia -- Saudi Arabia's sovereign wealth fund, the Public Investment Fund, Monday announced the establishment of the Kayanee Company, a unique lifestyle integrated concept designed to inspire and enhance women’s well-being in Saudi Arabia. Kayanee will focus on women’s health and lifestyle of future generations through six offerings,...

Jeddah, Saudi Arabia -- The Saudi Geological Survey (SGS) and the Argentine Mining Geological Service (SEGEMAR) have signed a Memorandum of Understanding (MoU) to foster scientific and geological cooperation. The agreement was signed by SGS CEO Abdullah bin Muftar Al-Shamrani and SEGEMAR Executive Secretary Silvia Chavez, in the presence of...

The oil company's profits fell sharply to US$30.08 billion.

The 14bn deal comes after years of turmoil for the company.

Doha, Qatar -- Non-energy private sector companies recorded the second highest growth in 2023 so far, according to the latest Purchasing Managers' Index (PMI) data that indicated a positive start for the second half of 2023. Growth rates for output, new orders, employment and purchasing increased, and the 12-month outlook...

Its net profit jumped 1.1 percent to US$178 million.

Ain Dubai (Dubai Eye) was designed as a tourist-luring landmark in the United Arab Emirates' glam-hub, which is home to the world's tallest building. But now it stands idle for undisclosed reasons, its light fixtures the only parts still working. It was to close for a month, but its reopening...

Muscat, Oman-- Oman's total domestic production of natural gas shot up 2.3 percent to 26.19 billion cubic meters (CBM) until the end of June 2023, as compared to the same period in 2022, when the total amounted to 25.60 billion cubic meters. Statistics issued by the National Center for Statistics...

Riyadh, Saudi Arabia-- Looking to boost leisure, business and religious travel to the kingdom, Saudi Arabia will grant visitor e-visa to travelers from eight newly-eligible countries: Albania, Azerbaijan, Georgia, Kyrgyzstan, Maldives, South Africa, Tajikistan, and Uzbekistan. Nationals of these countries can apply for a Saudi visitor visa ahead of their...

Riyadh, Saudi Arabia -- Most of Saudi Arabia's real estate market sectors recorded growth in the second quarter of 2023, with Grade A office rents in the capital Riyadh growing by 12.2 percent and Grade B rents rising by 14.4 percent year-on-year. Average occupancy for both segments in the capital...

The investments are expected to localize partnerships.

Amman, Jordan--Trade between Jordan and Egypt expanded to $355.43 million in the January-May period of the current year, according to official figures. However, foreign trade data issued by the Department of Statistics (DoF) indicated that the national exports to Egypt in the first five months of 2023 dropped to reach...

Since Musk bought the social media platform for $44 billion last October, its advertising business has collapsed, in part because of its looser approach to blocking hate speech, and the return of previously banned far-right accounts. Musk has repeatedly cited a desire for free speech as motivating his changes.

The authorities in charge of the waterway said that a tugboat sank and a cew member had gone missing after the vessel collided with a tanker. A salvage team had located the wreckage following the accident and the waterway was being cleared and the team rescued six of the seven...

Abu Dhabi, UAE - The UAE has unveiled a series of relief measures to support the growth and prosperity of small and medium-sized enterprises (SMEs) since the introduction of corporation tax in the UAE.  "It's important for SMEs to familiarize themselves with the intricacies of corporate tax regulations and integrate...

Riyadh, Saudi Arabia-- Saudi Arabia has signed a $77 million loan agreement with Belize to set up a solar power plant in the Central American country. In this connection, the CEO of the Saudi Fund for Development (SFD), Sultan bin Abdulrahman Al-Marshad, today signed a loan agreement with the Prime...

Tokyo, Japan--Japan's crude oil imports from the United Arab Emirates amounted to 25.63 million barrels in June 2023, or 37.4 percent of total imports, the Natural Resources and Energy Agency of Japan's Ministry of Economy, Trade and Industry said. During June, Japan's total crude oil imports were 68.5 million barrels,...

New Delhi, India--The Comprehensive Economic Partnership Agreement (CEPA) signed with the UAE and operationalized last year is a “special achievement for India’s foreign and trade policy,” India's Minister of State for External Affairs, Dr. Rajkumar Ranjan Singh, told Lok Sabha, the lower House of India’s Parliament yesterday. He was answering...

Dubai, UAE - The highly anticipated 'Barbie' movie is all set to grace the big screens in the UAE on August 10, two weeks ahead of the originally expected release date.  Local theaters, including VOX Cinemas, Reel Cinemas, and Roxy Cinemas, have already opened pre-orders for eager viewers.  Online bookings...

Manama, Bahrain-- Looking to develop the e-commerce sector in the kingdom, Bahrain's Ministry of Industry and Commerce has published a survey to evaluate consumer satisfaction in the e-commerce sector in response to the growing volume of e-commerce transactions. These efforts come from the Information Systems Directorate and the Consumer Protection...

Dubai, UAE--Oil prices soared more than a dollar a barrel on Friday to record a sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended supply cuts through September, adding to undersupply concerns. Brent crude futures rose $1.10, or 1.3%, to settle at $86.24 a barrel, while...

Abu Dhabi, UAE-- In 2022, Emiratis represented 74% of the Federal Authority for Nuclear Regulation (FANR) 248 employees. FANR continues to attract talented Emiratis to meet its business needs, recruiting an additional 22 Emiratis during the review period, according to FANR 2022 Annual Report. It provides long-term career opportunities for...

Real estate sector remains one of the key business verticals.

The decline in revenue is due to lower gas prices.

Riyadh, Saudi Arabia -- Capital market institutions authorized by Saudi Arabia's Capital Market Authority posted a record 29.8 percent increase in net income to SAR 6.1 billion at the end of 2022, compared to 2021. Bander Sulaiman Alayed, the Deputy of Market Institutions, said the retained profits in capital market...

The company’s EBITDA in H1 2023 was US$178 million.

Firm's EBITDA rose 12.7% y-o-y to $127 million in H1 2023.

The increase was attributed to expansion in fleet and services.

TotalEnergies and SOCAR will hold 35% stake each in the field.

Crude oil is the main revenue source for Libya, which has been torn by more than a decade of stop-start conflict, involving foreign powers and a myriad of militias, since a NATO-backed revolt toppled strongman Moamer Kadhafi in 2011. Over the past decade, Libya has been regularly plagued by clashes...

Apple views AI as integral to its growth.

Adidas now expects to end the year with an operating loss of $492m.

Legal assistants, programmers, accountants and financial advisors are among those professions feeling threatened by generative AI.

The company reported revenues of $1.24 billion for H1.

RIYADH, SAUDI ARABIA - Saudi Arabia posted a budget deficit of SAR5.3 billion ($1.41 billion) in the second quarter of 2023, the finance ministry said on Thursday. Saudi Arabia, the world's top oil exporter, recorded a budget surplus of almost $30 billion in 2022 as the high prices of the...

Riyadh, Saudi Arabia -- Saudi Arabia will extend the voluntary 1 million barrels per day cut, announced in July, to the month of September, with the possibility of further extension. Saudi Press Agency, quoting an official source from the Kingdom's Ministry of Energy, said the country's production for the month...

Acquisition aims to diversify and expand into several sectors.

JV will manufacture high-quality copper products in UAE.

The second quarter net profit fell 85 percent on weaker demand.

The German airline's net profit climbed to US$964m in Q1.

Users who registered with the Worldcoin cryptoproject in Kenya were offered 25 free Worldcoin tokens worth about 7,000 shillings ($45), drawing thousands of people to multiple sign-up points in the capital Nairobi. Interior minister Kithure Kindiki said authorities were "concerned" by the project and launched investigations to ascertain "the safety...

The Qatari gas firm's net profit rose to US$213m in H1 of 2023.

Dubai, UAE--Trade in goods and services amounted to US$ 31 trillion in 2022, a 13% rise year-on-year. According to the World Trade Statistical Review 2023, issued by the World Trade Organization, while trade in goods exceeded pre-pandemic levels already in 2021, trade in services caught up in 2022. China remained...

Blue ticks, long free at Twitter, were intended to signal the identity of certain users -- such as journalists, celebrities and politicians -- had been verified in an effort to build trust in the platform. But Musk decried that as a "lords & peasants system," and opened up access to...

The net profit rose to US$39.21m in H1 of 2023.

The talks between Sheikh Mohamed bin Zayed and King Abdullah focused on ways to ramp up cooperation across key strategic sectors, with a particular emphasis on economic partnerships, investment and development opportunities, and other key areas aimed at fostering sustainable development and prosperity in both countries.