Cairo, Egypt -- Egyptian exports to China rose by 20.8 percent to $1.7 billion in the first 11 months of 2022, up from $1.4 billion in the same period in 2021, Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) said. The trade exchange between Egypt and China increased by...

London, United Kingdom--The BBC's director general Tim Davie said he will not resign after the publicly-funded broadcaster's sport service was decimated on Saturday by a backlash to Gary Lineker's removal as Match of the Day host. "Everyone wants to calmly resolve the situation," Davie said in a BBC interview. Lineker was...

It posted $161bn profits last year on high oil prices.

The FDIC on Friday took over SVB, a major lender to the tech world, in the second-largest bank failure in US history. The bank is expected to reopen on Monday under a new name.

Iraq has scuttled a big smuggling operation of bringing into the country a large consignment of three million pills of captagon, an amphetamine-type stimulant sweeping the Middle East for year, near the Syrian border. The pills had been hidden in apple crates and discovered at the Al-Qaim crossing near Iraq's...

ABU DHABI, UAE - etisalat by e& announced on Saturday the implementation of the Eutelsat Quantum satellite solution, becoming the first telecommunications company in UAE to expand 5G network capabilities over a software-defined satellite. This will give customers access to high speeds, enhanced coverage and scalability to meet future demands...

Dubai, UAE--The Indonesian Investment Forum kicked off in Dubai to lure businesses and investments. The two-day event aimed to explore opportunities to attract foreign direct investment and expand markets for export-oriented products. It was hosted by Bank Indonesia in partnership with KJRI Dubai, the Indonesian Embassy in Abu Dhabi, the Indonesia...

The region will benefit from investment in training institutes for nursing and health professionals, Amanat Holding CEO Mohamed Hamade tells TRENDS during an interview.

Dubai, UAE -- Dubai recorded a total of 3,332 real estate transactions worth AED 12.9 billion ($3.51 billion) during the week ending 10 March 2023, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that 274 plots were sold for AED 3.17 billion, while 2,370...

Abu Dhabi, UAE -- Masdar has signed an agreement with the Cote d'lvoire's energy ministry to explore the development of a 70-megawatt solar power plant. The agreements were signed under the umbrella of the Etihad 7 initiative, a UAE-led program that aims to raise public- and private-sector funds to invest...

Doha, Qatar -- Qatar Central Bank (QCB) has issued treasury bills worth QR 3 billion ($832 million), attracting a total of QR 4.5 billion. QCB said in a tweet that one of bills, valued QR 1 billion had a tenor of one week and a yield of 5.005 percent. Another...

DOHA, QATAR - Just US$1.4 billion in new loans and grants were promised at a UN summit devoted to the world's poorest nations where UN leader Antonio Guterres had appealed for massive aid, officials said Thursday. A top UN envoy warned at the end of the five-day Least Developed Countries meeting...

Riyadh, Saudi Arabia -- A meeting was held in Riyadh Thursday to prepare for holding the third round of free trade agreement negotiations between the Gulf Cooperation Council (GCC) for Arab States and the United Kingdom from March 12–16 at the GCC General Secretariat in Riyadh. Fareed bin Saeed Al-Asaly,...

Delay has had no effect on its annual financial statement.

Dubai, UAE -- Saudi energy giant Aramco broke ground for its 26.25-billion-riyal ($7 billion) Shaheen Petrochemical Project, its biggest in South Korea. The groundbreaking was carried out through Aramco's affiliate S-Oil in South Korea's industrial city of Ulsan. Scheduled for completion by 2026, the Shaheen project is aimed at converting...

Dubai, UAE -- Dubai real estate market recorded deals worth AED1.8 billion ($490 million) on Thursday, Dubai Land Department said. The deals included 502 sales transactions worth AED1.2 billion, in addition to 98 mortgage deals of AED388.51 million, and 66 gift deals amounting to AED212.62 million. The sales included 461...

Dubai, UAE -- Al Ansari Financial Services, a remittance and foreign exchange services provider in the UAE, will be offering 7.5 million shares (each valued AED0.01) in its IPO, which will be Dubai's first in 2023. The company said in a statement that the offering represents 10 percent of its...

TikTok executives said the company was working with a third-party European security company to oversee and check how it handles European users' data, which will be stored at two centers in Dublin and one in Norway from 2023 onwards. European users' data are currently stored in the United States and...

Spotify on Wednesday introduced new tools for artists and songwriters, with a particular focus on video formats that are seen as increasingly essential as the world's biggest audio streaming service struggles to break even. With the revamp, Spotify said it would be easier for artists to sell merchandise and tickets...

Dubai, UAE--TAQA Morocco is looking to invest $1.6 billion in renewable energy solutions in Morocco in order to lift up electricity production by 50 percent by 2030.  Owned by Abu Dhabi National Energy Co., the company plans to diversify its activities in clean energy and water desalination as part of...

Washington, United States--President Joe Biden will unveil a proposed budget on Thursday that would reduce the US national deficit by $3 trillion over the next decade, in part by raising taxes, the White House said. The budget plan "will cut the deficit by nearly $3 trillion over the next 10 years,"...

Saudi Arabia aims to gain a leadership role in space.

"We're seeing robust hiring, which is good for the economy and workers, but pay growth is still quite elevated," said Nela Richardson, chief economist at ADP, in a statement.

The company likely to buy 20 percent stake.

The company said the metal business alone grew by over 23 percent.

Abu Dhabi, UAE -- Siemens Energy has been awarded long-term service contracts for several Iraqi power plants to improve energy stability and availability, as well as provide training, skills, and employment opportunities for Iraqis, Siemens said Tuesday. These contracts represent the first portion of prioritized projects under the Iraq Energy...

Dubai, UAE-- Making payments digitally for every purchase may have become a universal thing, but it is not always the safest method, according to a new survey by Kaspersky. The survey revealed that some 18% of respondents from the Middle East experienced financial losses associated with threats when using online...

Students are also using ChatGPT to bypass China's lucrative English language test prep industry, in which applicants learn thousands of words by rote with expensive tutors ahead of the exams needed to enter colleges in the United States, United Kingdom or Australia. "I didn't want to memorise word lists or...

Dubai, UAE -- DP World’s Jebel Ali Free Zone (Jafza) witnessed the highest customer registrations in a decade in 2022, marking a 30 percent year-on-year growth, and taking the total number of companies to over 9,500. During the past 10 years, Jafza has seen a 13-fold increase in logistics customers,...

The Senate bill and the backing of the White House accelerated the political momentum against TikTok, which is also the target of a separate piece of legislation in the US House of Representatives.

Abu Dhabi, UAE-- The UAE and Jordan have resolved to draw on each other's experiences in order to combat corruption, and increase competence in the field of auditing. In this regard, a delegation from the UAE, headed by the Supreme Audit Institution (SAI) and participants from Abu Dhabi Accountability Authority...

Excluding currency effects, the sales gain was 11 percent.

The bank had posted a net profit of $985 million for 2022.

The loan will support Trafigura's procurement from the UAE.

Emtelle to invest $50m to build manufacturing facility.

The Aluminum producer claimed 2022 results as its strongest ever.

Dubai, UAE--Agility Logistics Parks (ALP) today announced the launch of data center campus sites in Saudi Arabia, Kuwait, Egypt and Ghana. The sites are being readied at ultra-modern ALP warehousing complexes in fast-growing markets and mega-cities that are looking to add hyperscale data center capacity and resolve data latency, security...

Muscat, Oman -Oman Power and Water Procurement Company (OPWP) is set to award solar energy projects worth $777 million to international investors after securing approvals from the Authority for Public Services Regulation (APSR). According to media reports, the Manah 1 and 2 projects, which will jointly produce a total of...

Colombo, Sri Lanka--Sri Lanka's president said Tuesday that China had agreed to restructure its loans to the bankrupt island nation, clearing the final obstacle to an International Monetary Fund bailout. China's state-owned Exim Bank "sent a letter to the IMF" on Monday night expressing Beijing's willingness to "restructure" credit to Sri...

Emphasizing that the oil and gas industry was vital in the fight against climate change, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, said that energy leaders have the knowledge, experience, expertise and the resources needed to address the dual challenge of driving sustainable progress while...

The investment bank is working on five diverse sectoral IPOs in the GCC market which will be launched between the second and fourth quarters of the year.

To establish connectivity in the Indian Ocean, the two countries need to look at various other aspects, such as setting up a shipping chamber, holding conferences, and appointing transportation attachés at their diplomatic missions to facilitate shipping ventures between Indian and Indonesian firms, he adds.

Young women in the MENA region are more likely to be in the workforce, while the GCC countries — particularly the UAE, Saudi Arabia, and Qatar — have seen advances in labor force participation, according to a PwC report published in December last year. However, they are yet to gain...

DUBAI, UAE - The Dubai Land Department (DLD) has launched the Instant Sale feature, which utilizes smart evaluation technology in real estate transactions without the need for audits. This move is in line with DLD's efforts to enhance the use of innovative solutions and achieve the goal of the Dubai...

Norway earned 1.5 trillion kroner ($140 billion) in revenues from oil and gas, according to estimates by Statistics Norway (SSB). It was "by far the highest ever recorded in the statistics" and almost three times the 498 billion kroner earned in 2021, according to SSB.

The Group reported a 12 percent increase in revenue.

stc had in Jan signed sale and purchase pact with solutions.

The facility will be constructed at Dubai Industrial City.

The city has won a huge following among the people who see it not just as a city for business, but as one where families can co-exist with big money.

Tehran, Iran - She could have left Iran, as many of her contemporaries did, but Paris-trained pastry chef Shahrzad Shokouhivand decided to stay and work to make women's lives better inside the country. And the icing on the cake? She and her husband now employ 70 people - mostly women....