Set to open in Q3 2023, the move is part of the biopharmaceutical giant’s global green agenda.

Firm's profit rose due to gas and crude oil prices spike.

Abu Dhabi, UAE - Etihad Airways is introducing a new direct service between Abu Dhabi and Lisbon, effective from 2nd July 2023. The airline will be connecting Abu Dhabi to Portugal’s capital city right in time for the summer holidays, with three weekly flights scheduled to be operated on Tuesdays,...

Riyadh, Saudi Arabia -- The Saudi Ports Authority (Mawani) and Saudi shipping giant Bahri have jointly announced the addition of a new freight service connecting Europe and Asia via Jeddah Islamic Port. Besides increasing Bahri’s shipping network coverage and bolstering international supply chains, the new route is set to expand...

DUBAI, UAE -  Investopia, the global investment platform launched by the UAE Government, and Mubadala, the sovereign investor, announced a strategic partnership. This strategic partnership is focused on Investopia’s second annual event which will take place on March 2- 3, 2023 in Abu Dhabi, under the theme 'Envisioning Opportunities in...

ABU DHABI, UAE -  The UAE and India share solid relations, said the Abu Dhabi Chamber of Commerce and Industry (ADCCI). M. A Yusuff Ali, Second Vice Chairman of the ADCCI reaffirmed the solid relations between the UAE and India, saying, "The UAE and India share a long history of...

Launched by Saudi Crown Prince Mohammad bin Salman, the New Murabba project will offer more than 25 million sqm of floor area, featuring more than 104,000 residential units, 9,000 hotel rooms, and more than 980,000 sqm of retail space, as well as 1.4 million sqm of office space, 620,000 sqm...

The oil firm posted a net profit of $4.55 billion in 2022.

The DXB achieved the highest growth rate among the top 10 airports in the number of international passengers worldwide, according to OAG Aviation company.

The company's sales rose by 11.4% to $49.7 billion

The company's net profit in 2022 jumped to $278 million.

The company delivered 661 aircraft last year.

Driven by new projects, its sales in 2022 touch $9.5bn.

Hossam received an even harsher sentence of two years in prison. Some of her videos showed her dressed in a tight military uniform. In total, a dozen people have so far been arrested for "decadent content", said an interior ministry official who spoke to AFP on condition of anonymity.

Riyadh, Saudi Arabia--Atkins has been appointed as a delivery partner organization for what Saudi Arabia terms as "The Line" in NEOM. Atkins is one of the world’s leading design, engineering and project management consultancies and a member of the SNC-Lavalin Group A civilizational revolution that will have no roads, cars...

The launch of Aramco Digital follows months after the energy company announced preliminary plans for a strategic collaboration with the IBM to establish a global center for digital innovation in the kingdom.

With Lebanon's political and economic crisis showing no signs of abating, its currency on Wednesday hit a record low against the dollar on the black market. The pound has lost more than 95 percent of its value against the greenback since the beginning of the economic crisis in 2019.

Abu Dhabi, UAE-- ADNOC and RWE Aktiengesellschaft (RWE) Wednesday announced the successful delivery of the first shipment of Liquefied Natural Gas (LNG) from Abu Dhabi in the UAE to the Elbehafen floating LNG terminal in Brunsbüttel, Germany. Produced by ADNOC Gas at Das Island, Abu Dhabi, the shipment of 137,000...

Demand is expected to reach 101.9 million barrels per day on average in 2023, an increase of two million barrels per day from last year, the IEA said. It would be up 1.4 million barrels a day from the pre-pandemic level in 2019 as consumption of fossil fuels behind global...

Riyadh, Saudi Arabia-- The General Authority of Civil Aviation (GACA) has signed an agreement with the British Civil Aviation Authority (CAA) in the field of aviation safety, including upgrading the organizational systems for safety in aviation and improving the national safety program.The agreement was signed by GACA Executive Vice President...

Musk paid $44 billion for his favorite social media platform and exiting day-to-day operations would allow him to deflect criticism that he is neglecting his other ventures, especially car company Tesla, which has seen its share price plummet since he took over Twitter. He has given few clues to what...

Experts say the deals could be a win-win for all sides, but unlike old Gulf largesse of unconditional aid, the new deals will require reforms. Cairo hopes the cash injection will plug what the IMF warns is "a financing gap of about $17 billion over the next four years".

The Group's revenue grew by 41 percent to AED5.5 billion.

In the south Tel Aviv headquarters of 1MRobotics, young men and women -- nearly all of them graduates of the Israeli army's robotics and technological units -- were customizing off-the-shelf robots. Combined with artificial intelligence, these robots are designed to carefully grasp and pack fruit and vegetables, as well as...

Abu Dhabi, UAE--ADNOC Distribution announced on Wednesday that it has completed its acquisition from TotalEnergies Marketing Afrique SAS of a 50% stake in TotalEnergies Marketing Egypt LLC. The closing of this landmark transaction, which was first announced in July 2022, marks the official entry of the UAE’s largest fuel and...

It made the profit in Q4 last year on revenue of nearly $2bn.

Driven by Saudi Arabia's construction sector, near-term forecast remains positive for the GCC with more than $110bn worth of projects in the tender stage.

Riyadh, Saudi Arabia--- Saudi Arabia's sovereign wealth fund, the Public Investment Fund, has announced an investment of $1.3 billion by way of minority stakes in four leading Saudi construction companies. The companies are Nesma & Partners Contracting Company, ElSeif Engineering Contracting Company, AlBawani Holding Company, and Almabani General Contractors Company....

Riyadh, Saudi Arabia-- Saudi Arabia's Ministry of Municipal, Rural Affairs and Housing has signed an MoU with the Spanish company Orbas to boost investment in the kingdom in line with its National Investment Strategy. The MoU aims to raise the level of coordination in endeavors that support and promote the...

LONDON, UK - The London stock market jumped to a record peak Tuesday in a positive open across Europe, after hefty gains on Wall Street with all eyes on US inflation. The British capital's benchmark FTSE 100 index of top companies reached as high as 7,986.20 points. "The tailwinds from another...

Umm al Qaiwain, UAE-- National Bank of Umm Al Qaiwain (NBQ) has reported a net profit of AED364.52 million ($99 million), a 38 percent increase from 2021. Total assets were at AED 13.605 billion, up 3.5 percent compared to December 2021, with a deposits-to-advances ratio of 126 percent. The bank...

The permit can be applied for by the hotel on behalf of the event organizer or client for a fee of $340 per event and per day.

Luxembourg--European Investment Bank (EIB) Global, a branch of European Investment Bank, announced on Monday that it will provide $27 million participation in the $150 million Middle East Venture Fund. This is the largest ever venture capital engagement by the EIB in the Middle East. The new venture capital fund launched...

The insurance firm's net profit vaulted to $28 million.

FY'22 turnover rose to $1.4 billion, up 65 percent YoY.

Revenue in fourth quarter of 2022 was $630m.

It had raised $750m through the sale of its debut sukuk in Nov 2022.

Aim is to develop hydrogen-based mobility pilot project.

Paris, UAE--The second technical UAE-France-India trilateral initiative has taken place in Paris during the visit of a UAE delegation from Ministry of Foreign Affairs and International Cooperation (MoFAIC), led by the Assistant Foreign Minister for Economic and Trade Affairs, Saeed Mubarak Al Hajeri. Al Hajeri participated in the meeting alongside...

Firm has proposed dividend of S$115 million for 2nd half 2022.

Dubai, UAE-- Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has approved the design of the new air taxi stations in Dubai, which will start operating within three years. “Today, we approved the designs of flying taxi stations in Dubai...

The revenue climbed to $2.67 billion in 2022.

Dubai, UAE--Ohood Al Roumi, the UAE's Minister of State for Government Development and the Future and Vice Chair of the World Government Summit (WGS), has stressed the importance of data and data protection in shaping future governments and businesses. During a session titled "The Role of Data in Government Development",...

To house millions of people who lost homes in the devastating earthquake, Qatar will send some 10,000 cabins and caravans used during the World Cup to Turkey and Syria. The UN estimates that many millions may be in need of help after the 7.8-magnitude quake killed some 33,000 and flattened...

Dubai, UAE---The Central Bank of UAE Sunday launched Financial Infrastructure Transformation Program (FIT program) to accelerate the digital transformation in the financial services sector. In a statement, the bank said the FIT is a step towards enabling the CBUAE to be among the top central banks globally. The program aims...

Startups in the Middle East and North Africa raised $3.94 billion in 2022, a 24 percent increase in investment value compared to 2021, according to Wamda.

Riyadh, Saudi Arabia--The Invest in Saudi Arabia forum, which will be held on Monday in Kuwait, will see the participation of the representatives of the private sector of both countries, major companies and government agencies. Saudi Arabia's Minister of Investment Khalid bin Abdulaziz Al-Falih will be visiting Kuwait to attend...

Dubai, UAE--Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has organised a workshop designed to bring key players, investors and related parties together to discuss the future of this nascent sector. The workshop, held at Dubai Chambers headquarters, included a lively roundtable session, where...

The capital will finance PIF's green investments.

The company, second time it has quashed reports of an imminent bid, refuted the speculations in the press in a report to Abu Dhabi Securities Exchange.