The group owned by tycoon Gautam Adani has lost around $120 billion in value since the claims were levelled by short-seller US investment group Hindenburg Research on January 24.

The profit increased by 62 percent compared to 2021.

The two will run wellness centres in Saudi Arabia.

The carmakers said that they "rebalanced" their relationship.

Kabul, Afghanistan-- Qatar has renewed its pledge to Afghanistan to help the war-ravaged country in fields of education, development, politics, and economy. This was reiterated in a meeting between the visiting Special Envoy of the Minister of Foreign Affairs for Counterterrorism and Mediation in Conflict Resolution Dr. Mutlaq bin Majed...

The two biggest economies of the region are leaving no stone unturned to hire the most talented professionals in order to run the ever-expanding companies.

Riyadh, Saudi Arabia---Saudi Arabia's Ministry of Industry and Mineral Resources said Sunday that the number of mining complexes in the kingdom at the end of 2022 reached a total of 377 complexes, covering a total area of 44,365 square kilometers. The complexes were distributed over 13 regions, topped by the...

The airport recorded 39.5 million passengers in 2019 before the coronavirus pandemic struck, and last week announced that with the World Cup in November and December, numbers had recovered to 35.7 million in 2022.

The initiative is a crucial step in modernizing global trade, using the tools of the Fourth Industrial Revolution, said Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade.

DUBAI, UAE - Dubai Customs and Dubai Chambers discussed supporting  businesses and the private sector and enhance the emirate’s competitiveness following Dubai's strategic plans and vision. These were the highlights of the meeting between Ahmed Mahboob Musabih, Director-General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation and...

They will launch Orient Educare, a savings and insurance plan.

SHARJAH, UAE - Sharjah Economic Development Department (SEDD) received a delegation from Matajer - one of the most important commercial shopping groups affiliated with Sharjah Holding Company - established under a partnership between Majid Al Futtaim Properties and Sharjah Asset Management. This comes within SEDD’s interest to strengthen partnerships with...

Doha, Qatar-- Qatar has received more than 614,000 visitors during the month of December 2022, a monthly increase of 3.7 percent as against November 2022. The highest number of visitors were from the Gulf Cooperation Council at 40 percent. As for visitors by type of port, the visitors via air...

Amman, Jordan--Jordanians are increasingly adopting electric cars in a push towards abandoning the fuel-guzzling cars that have become so hard to run in the face of high fuel prices. Speaking at a workshop on the future of eco-friendly vehicles in Jordan, Khalaf Humeisat, Chairman of the Board of Directors of...

AMMAN, JORDAN - Chairman of the Jordan Chamber of Commerce (JCC), Khalil Haj Tawfiq said Iraq is an "important" trade partner and gateway for Jordan's economy. Haj Tawfiq said, "Jordan and Iraq have wide, prolific potentials, fields and grounds to build economic integration, in light of the strong brotherly relations,...

ABU DHABI, UAE - The UAE recently participated in the first Sustainable Finance Working Group (SFWG) meeting within the G20 Finance Track for 2023, which was held for the first time under the Indian Presidency. The meeting, which was held at Guwahati, Assam, India, sought to discuss the 2023 SFWG...

Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has started receiving requests from researchers and scientists to submit their research papers for the first Middle East and North Africa Solar Conference 2023, which DEWA will organise from 15th to 18th November 2023. The research papers focus on a wide range of...

Al-Hasa, Saudi Arabia--Cristiano Ronaldo got off the mark for his new Saudi paymasters Al Nassr on Friday with a stoppage-time penalty that rescued a 2-2 away draw against Al Fateh. The Portuguese, who turns 38 on Sunday, buried the spot-kick in the 93rd minute for a point that left the Riyadh club...

Dubai, UAE---A total of 2,157 real estate transactions worth over AED 9 billion ($2.44 billion) were conducted during the week ending Feb 3, 2023, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that 237 plots were sold for AED 1.56 billion, with an additional...

The Q4 2022 profit was down 78% compared to Q4 2021.

Dupixent drug has been a huge success for the firm.

They will upgrade an FPSO vessel for the Rosebank field in the UK.

After almost three years of stringent health restrictions, Beijing in December abruptly ended the zero-Covid policy that had battered the economy and provoked widespread protests. The Asian giant posted growth of just three percent in 2022, hammered by stringent lockdowns and a deepening crisis in the key property sector.

Google parent Alphabet's revenue of $76 billion in its fourth quarter and profit of $13.6 billion were below what it made in the same period a year earlier, with share prices falling more than 3 percent in after-market trade. The tech titans posted earnings as shares in Meta skyrocketed a...

Adani himself has seen his fortune plummet by tens of billions of dollars, dumping him out of the real-times Forbes rich list top 10 and depriving him of his title as Asia's richest person. Adani late Wednesday cancelled a $2.5-billion stock sale meant to help reduce debt levels - long a...

Earnings per share amounted to QR 0.165 in 2022.

Iraq admitted it had differences with France's TotalEnergies over a US$10-billion contract, including over the distribution of investments, but expressed hope they can be resolved through talks. "We have given ourselves time to continue the dialogue and reach a satisfactory solution for the parties involved regarding certain points of contention,"...

Baghdad is currently heavily dependent on neighboring Iran for its electricity and gas and has sought to diversify its energy sources.

DUBAI, UAE - Dubai Health Authority (DHA) has signed a Memorandum of Understanding (MoU) with Dubai Integrated Economic Zones Authority (DIEZ) to enhance investment opportunities in the healthcare sector and support the formation of healthcare start-ups. The MoU will help to promote cooperation and coordination between the two sides and...

Under the pact, the companies will manufacture products in UAE.

Merger of its Malaysian subsidiary with a firm helped.

The bank's profit got a boost due to higher interest rates.

Abu Dhabi, UAE--Abu Dhabi-baed Aldar Properties will make a debut into Dubai's lucrative real estate market after it signed an agreement with Dubai Holding. The joint venture will develop new communities in three locations across an area of 38.2 million sqft (3.55 million sqm). The new communities will be located...

The post-tax figure was more than double the amount.

Riyadh, Saudi Arabia--The Saudi Authority for Industrial Property and Technology Zones (MODON) signed yesterday a partnership agreement to establish, develop and operate 14 warehouses with flexible spaces in the First Industrial City in Jeddah. Equipped with smart and automated systems, the warehouses are expected to provide fast and temporary logistical...

Adani himself issued a video statement on Thursday in which he insisted that the "fundamentals of our company are very strong, our balance sheet is healthy and assets robust". The slide in Adani's personal wealth has seen him fall out of the top 10 real-time Forbes rich list and overtaken...

Vienna, Austria--A committee of major oil producers recommended Wednesday to maintain the cartel's current reduced output strategy, as the global economic outlook remains uncertain and the war in Ukraine drags on. The 13 members of the Organization of the Petroleum Exporting Countries (OPEC) led by Riyadh and their 10 allies led...

Hours after the US Federal Reserve upped its target interest rate by a quarter of a percentage point, many central banks in the GCC region followed suit, raising their respective interest rates. Saudi Arabia, the UAE and Bahrain hiked it by 25 basis points while the central bank of Qatar...

After a months-long dispute between Qatar Airways and Airbus, the two announced on Wednesday the end of a $2.5 billion dollar battle over peeling paint on passengers jets before it became an embarrassing court case. Both sides said they were "please to have reached an amicable and mutually agreeable settlement"...

The farms will have a capacity of 1.1m kg of crops per year.

It was signed with Integrated Telecom Company and TAWAL.

Ismailia, Egypt--A ship on Wednesday became stuck in Egypt's Suez Canal but traffic through the vital waterway was unaffected, a source from the authority managing the canal said. Connecting the Red Sea and the Mediterranean, the Suez Canal accounts for roughly 10 percent of global maritime trade and the majority of...

The majority of the EU's response involves repackaging already existing funds, a stop-gap measure that has earned much criticism. German MEP Markus Ferber described the proposals on Wednesday as "old wine in new bottles" and "predictably disappointing".

Dubai, UAE– Dubai witnessed a 5.5 percent increase in energy demand in 2002, from 50,402 GWh to 53,180 GWh, said Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA). The company has outperformed major European and American utilities with a reduced line loss of 2.2...

Geneva, Switzerland---Eight humanoid robots will be the star attractions when the United Nations hosts its first summit since the start of the pandemic on the benefits of artificial intelligence, it said Wednesday. The AI for Good Global Summit, first held in 2017, will return to Geneva on July 6 and 7...

The company is world's second-largest memory chip maker

SHARJAH, UAE -- Arada announced on Tuesday that it has completed the first set of homes in East Village as part of its AED24 billion megaproject Aljada in Sharjah. Under the project, a total of 1,621 apartments have been finished across 14 buildings, local media reports said. Featuring 2,000 units...

The features of the new Standard include standardization of the accounting measurement models for insurance and reinsurance companies around the world.

The oil company's profits during Q4 stood at $12.8bn.

Dubai, UAE--The Marine Agency for Wooden Dhows has facilitated the entry of more than 10,500 wooden dhows during 2022, reflecting a 12 percent year-on-year growth. According to Sultan Ahmed bin Sulayem, Chairman of the Dubai’s Ports, Customs and Free Zone Corporation (PCFC), the wooden dhows ferried 1.7 million metric tonnes...