The company recorded a full-year revenue of $192m in 2022.

Dubai, UAE-- Emirates SkyCargo and Air Canada Cargo have inked a Memorandum of Understanding (MoU) to provide additional benefits to its global air cargo clients. The MoU was signed at Emirates Headquarters in Dubai, UAE, by Nabil Sultan, Emirates Divisional Senior Vice President, Cargo, and Matthieu Casey, Managing Director Commercial,...

Abu Dhabi, UAE - The International Defense Conference 2023 will be held on 19th February at the ADNOC Business Centre in Abu Dhabi. A large number of leaders, decision-makers, ministers, senior officials and speakers representing defense industries from all over the world are expected to participate in it, local media...

The two sides reaffirmed their keenness to advance bilateral cooperation in the fields of human resources and skill development.

DUBAI, UAE - As many individuals in the UAE face challenges in balancing work and family obligations, parent-friendly workplace policies allow parents to care for their children’s well-being, benefiting individuals, the economy and society as a whole. This was one of the key takeaway messages from a webinar organized by...

Riyadh, Saudi Arabia–- Investments, launches and announcements valued at more than $9 billion were made at the 2nd edition of the International Technology Conference, LEAP23, which concluded Thursday. A record 300,000 people from more than 100 countries visited the event, making it the largest global gathering for technology and digitization...

SHARJAH, UAE - Financial innovation and technology trends in global financial services sector were in the spotlight during a panel session at the sixth edition of the Sharjah Investment Forum (SIF). Moderated by Goncalo Traquina, Head of Management Consulting in Financial Services, KPMG, panellists Eric Yang, CEO of MaskEX, Mirna...

Revenue rose as countries boost military spending.

Russia is part of an alliance with OPEC that meets regularly to decide on oil output levels. As a result of Moscow's military operation in Ukraine, the West has capped the price at which Russia can sell its crude. News of Russia's cut to output gave strength to world oil...

Growth in profits driven by investments and rise in operating portfolio.

Abu Dhabi, UAE--- The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), signed two green finance agreements with the government of Angola, valued at AED445 million ($121.3 million). The financing is provided in cooperation with Standard Chartered Bank. One agreement, valued at AED330...

A spokesperson for the Federal Trade Commission told AFP on Thursday that it would not appeal the February 1 decision. The social media giant said when the suit was filed that the FTC's move defied reality, and expressed confidence that its buy of Within would be good for VR users...

Since March 2021, bank's stock lost over 75% of value.

The fund, which is set up to put the country's oil and gas revenues to work, held some $200 million worth of shares in the group at the end of 2022. It had a stake of 0.14 percent in Adani Green Energy and 0.17 percent in Adani Total Gas.

The firm's revenues rose to US$44.4 billion in 2022.

Riyadh, Saudi Arabia--The Saudi Investment Recycling Company (SIRC) has signed a joint memorandum of understanding with the Abu Dhabi Waste Management Company (Tadweer) to explore potential investment opportunities in the waste management and recycling sector in the kingdom. They will explore joint options for adopting technology and ideal recycling solutions,...

Revenue climbed by 17 percent to a record US$31.8 billion.

The EBITDA grew by 15 percent to reach AED3.52 billion.

Profit was affected as demand for steel fell and production hit.

DEWA reported consolidated revenue of $7.46 billion.

Its net profit jumped 61.7%, touching $2.69m in 2022.

Its profit rose to $42m during 2022 as against $38m in 2021.

Riyadh, Saudi Arabia--Investment and funding programs worth $580 million were announced on the third day of LEAP 23 Tech Conference, which has been organized by the Ministry of Communications and Information Technology (MCIT), in cooperation with the Saudi Federation for Cyber Security and Programming and Tahaluf. The tech global event...

Istanbul, Turkey---The Istanbul stock exchange announced on Wednesday that it would close for five days in response to this week's deadly earthquake, the first such shutdown since 1999. Monday's 7.8-magnitude tremor ravaged swathes of southeastern Turkey and Syria, killing at least 11,700 people and leaving thousands more homeless in the winter...

Output slipped by 2% to 2.04 million barrels per day of oil equivalent.

The rise in adjusted net profit driven by high energy prices.

dans is the sole air navigation service providerfor four airports, including Dubai Airport, the world's top airport for international travellers.

Its operating profit rose by 12.5 percent to $24 billion.

Cairo, Egypt-- Moody's has lowered Egypt's sovereign rating by one notch to B3 from B2 on Tuesday, citing the country's reduced external buffers and shock absorption capacity. The agency changed its outlook for Egypt to stable from negative. "Moody's does not expect Egypt's liquidity and external positions to rebound quickly," the...

Dubai, UAE-- The three-day long dental conference has got underway in Dubai, bringing together leading experts in dentistry and oral health professionals from around the world. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Academic Health Corporation and Chancellor of the Mohammed Bin Rashid University of Medicine and Health...

Dubia, UAE--Dubai’s Virtual Asset Regulatory Authority (VARA), has issued what it calls as Virtual Assets and Related Activities Regulations 2023. The regulations set out a comprehensive virtual asset framework built on principles of economic sustainability and cross-border financial security. The UAE has remained committed to enabling these drivers safely, updating...

A day after the powerful earthquake devastated Turkey and Syria, Iraq's autonomous Kurdistan region has said that it resumed oil exports through Turkey after suspending them as a precaution in the wake of the quake. The Kurdish ministry of natural resources said the oil exports restarted via the pipeline connecting...

US trade gap widened to a record in 2022, though expanding less than expected in December, government data said, capping off the year on robust imports and strong spending. The overall trade gap grew US$103 billion from 2021 to $948.1 billion last year, according to Commerce Department data, on a...

Riyadh, Saudi Arabia--The Center for the Fourth Industrial Revolution in Saudi Arabia (C4IR KSA), affiliated with the World Economic Forum (WEF), and Yokogawa Saudi Arabia Company, on Monday signed a memorandum of understanding to develop governance policies for application of the fourth industrial revolution in the industrial sector. Signed on...

DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) has updated its strategic plan, adding achieving net-zero by 2050 to its vision. This move is as per its commitment of keeping pace with the government plans and strategies that aim to achieve net-zero by 2050 and the UAE’s efforts to...

ABU DHABI, UAE - The General Pension and Social Security Authority (GPSSA) of UAE has announced its key strategic objectives for 2023. The authority said that it will focus on raising awareness on insurance among Emirati employees, serving the community with utmost promptness and professionalism, while reinforcing the UAE Pension...

Media reports said the overnight success of ChatGPT was designated a "code red" threat at Google with founders Sergey Brin and Larry Page -- who left several years ago -- brought back to brainstorm ideas and fast-track a response.

They will share up to 50 percent of all available capacity on flights.

The $53-million direct lending fund is Shariah compliant.

The group's Q3 loss coincides with a slump in the tech sector.

The group owned by tycoon Gautam Adani lost around $120 billion in value after claims of accounting fraud were levelled by short-seller US investment group Hindenburg Research on January 24. The slide has raised concerns about the group's ability to raise fresh financing to pay down its debts. It cancelled...

Hong Kong-- Hong Kong is looking to persuade oil giant Aramco and its units to consider a secondary listing in the Asian financial hub. Hong Kong Chief Executive John Lee is embarking on his first official visit to the Middle East, according to the South China Morning Post. Lee is...

The bank’s earnings per share amounted to QR 0.25.

It will add 22 supermarkets to GMG's retail network in the UAE.

Israeli premier Benjamin Netanyahu says the 'reform', which will give Israel's parliament the power to override court decisions with a bare majority, won't impact the economy.

"The Kurdistan Regional Government confirms the halt of oil exportation through #Turkey's Ceyhan due to the #earthquake that struck several areas in the country," tweeted Lawk Ghafuri, head of foreign media relations in Kurdistan.

For the 12th year in a row, Switzerland leads the ranks on the Global Innovation Index. South Korea was the most innovative Asian country.

The Rothschild family is set to take its investment bank private as its holding company announced plans to buy out the shares it does not own. Concordia, which holds almost 40 percent of the capital of Rothschild & Co. said it was in negotiations with investors and banks to finalize...

Dubai, UAE-- Dubai real estate market recorded transactions worth AED1.4 billion ($381 million) on Monday, data released by Dubai's Land Department (DLD) showed. The deals included 490 sales transactions worth AED1.17 billion, in addition to 86 mortgage deals of AED177.94 million, and 15 gift deals amounting to AED55.81 million. The...

If the deal is sealed, it would be gold sector's largest acquisition.