The Minister of Municipal and Rural Affairs and Housing Majid bin Abdullah Al-Hogail, who inaugurated the second edition of the Forum, said the event coincides with the coming into force of the real estate brokerage system, which enables the development and governance of the real estate sector and the digitization...

The 587-residence project is scheduled for handover by Q4.

Islamabad, Pakistan--A massive power breakdown in Pakistan on Monday affected most of the country's more than 220 million people, including in the mega cities of Karachi and Lahore. Pakistan's electricity distribution system is a complex and delicate web, and a problem in one section of the grid can lead to cascading...

Abu Dhabi, UAE-- Aldar Properties and Diamond Developers have sold out the first phase of its project dubbed Sustainable City on Yas island within 24 hours of its public launch. Reflecting the resounding success of Aldar’s first partnership on a development, sales at the first phase of the sustainability-centric community...

Doha, Qatar-- Qatar and European Union have discussed means to enhance economic and commercial relations in a meeting between Qatar Chamber First Vice-Chairman Mohamed bin Twar Al Kuwari and Thomas Jurgensen, Minister Counselor and the new head of Trade and Economic Affairs Section at the European Union During their meeting...

Real estate sector experts say facilities like Golden Visa were fueling expatriate interests in owning a property in the emirate.

ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) and the Egyptian Banking Institute (EBI) which is under the Central Bank of Egypt, discussed ways to promote cooperation in the field of training and building human capital capabilities relevant to the financial sector. This came during a meeting...

Dubai, UAE-- Dubai Customs has completed 25.7 million customs transactions and made 2,147 seizures in 2022, while also winning several global awards besides launching a number of products to reduce cost for clients and increase their revenue, the Customs said. Dubai Customs dealt with 388 intellectual property disputes in 2022,...

AMMAN, JORDAN - Investments in industrial estates in 2022 hit US$4.2 billion (JD3 billion), an increase of 19 percent compared with 2021, supported by 174 new investments worth US$811 million (JD575 million), the Jordan Industrial Estates Company (JIEC) said on Sunday. In a statement, JIEC noted that 27 of the...

Jeddah, Saudi Arabia---The Islamic Corporation for the Insurance of Investment and Export Credit, the Islamic Development Insurance arm of the Islamic Development Bank Group, Saturday signed an MoU with the Abu Dhabi Future Energy Company (Masdar) as part of its goals to transition to renewable and clean energy in markets...

It will target Qatar-based small and medium enterprises.

Authorities in Egypt released two noted businessmaen after some two years in pretrial detention on terrorism-related charges, according to the family. "My father Safwan Thabet and my brother Seif al-Din Thabet are with us", Safwan's daughter Mariam wrote on social media, without telling when the pair were released.

DOHA, QATAR -  Qatar Chamber First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari met with President of the Republic of Cuba Eng. Antonio Rodriguez and his accompanying delegation. The meeting touched on economic and commercial relations between both countries and ways to enhance cooperation between the Qatari private sector...

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has implemented the SAP Audit Management System (TAWKEED), becoming the first integrated utility in the Middle East and Africa (MEA) region to implement this best-in class solution. TAWKEED is used for risk-based audit planning, planning individual audit engagement, communicating results to...

Abu Dhabi, UAE--Masdar has signed agreements with three Angola, Uganda and Zambia to develop renewable energy projects with a combined capacity of up to 5 gigawatts (GW). The agreements were signed under the umbrella of the Etihad 7 initiative, a UAE-led initiative that aims to raise public- and private-sector funds...

San Francisco, United States--Tesla CEO Elon Musk took the stand in a California fraud trial on Friday, accused of lying in tweets about taking the auto company private, punishing investors. Musk was called to testify by lawyers for angry investors who accuse him of costing them millions of dollars in 2018...

Profit is 15 percent lower than in the same period last year

They will develop Abu Dhabi’s Web3 Blockchain Gaming ecosystem.

Google's parent company Alphabet announced about 12,000 job cuts globally citing a changing "economic reality", becoming the latest US tech giant to enact large-scale restructuring. The layoffs come a day after Microsoft said it would reduce staff numbers by 10,000 in the coming months, following similar cuts by Facebook owner...

ABU DHABI, UAE - ADNOC Distribution on Friday announced plans to reduce its carbon intensity by 25 percent by 2030. This will be implemented by putting sustainability at the core of its day-to-day operations to future-proof its business and deliver sustainable long-term shareholder value. Central to ADNOC Distribution's enhanced sustainability...

TAQA took up the operation and maintenance of the plant.

The MoU aims to enhance cooperation and exchange of information and expertise between the DoE and NYUAD in capability development.

Netflix became a publicly traded company in early 2002 at an opening price of $15 a share. Shares in the streaming television service were up nearly 7 percent to $337.31 in after-market trades that followed release of the earnings figures. The Netflix board has been discussing succession planning for many...

DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received a high-level delegation from the EDF Group (Électricité de France) headed by Luc Remont, CEO and Chairman of the Board of Directors. Al Tayer also received a delegation from Cuba headed by...

San Francisco, USA - A Twitter bird statue fetched $100,000 on Wednesday as Elon Musk auctioned off furniture, decorations, kitchen equipment and more from the tech firm's downtown San Francisco headquarters. An online auction of "surplus corporate office assets of Twitter" that lasted slightly more than 24 hours also featured...

They will build UAE’s first world-scale methanol production facility.

ABU DHABI,  UAE  - Masdar City and the Abu Dhabi Global Market (ADGM) Thursday signed a Memorandum of Understanding (MoU) to strengthen foreign investment in Abu Dhabi and support innovation that enhances the UAE’s economic competitiveness. The agreement was signed by Ahmed Baghoum, the acting CEO of Masdar City, and...

Riyadh, Saudi Arabia--Saudi Arabia's Capital Market Authority's has approved the Implementing Regulations of the New Companies Law for listed joint stock companies to be effective from 19 Jan 2023. The approval is based on the authority the Law granted to the CMA to regulate the matters and subjects stipulated in...

They will build and operate electric vehicle infrastructure in Abu Dhabi.

Davos-Klosters, Switzerland-- Satya Nadella, Microsoft Chairman and CEO, believes that a golden age of AI is underway and will redefine work as we know it. Speaking at a session of the World Economic Forum, Nadella said: “The future of work is not just about technology and tools,” he said. It’s...

An online auction of "surplus corporate office assets of Twitter" that lasted slightly more than 24 hours also featured a 10-foot neon light in the shape of Twitter's bird logo, which brought in a winning bid of $40,000, Heritage Global Partners auction service confirmed.

The tech giant will lay off some 10,000 employees in the coming months as the economic downturn continues to punish US tech giants. The job cuts is expected to affect close to five percent of employees and follow in the wake of similar moves by Facebook-owner Meta, Amazon and Twitter.

The project, which is expected to begin injecting CO2 in the second quarter of this year, will initially fully sequester a minimum of 18,000 tons per annum of CO2 captured from Fertiglobe's UAE operations for injection in Abu Dhabi's onshore carbonate aquifers.

The pact was signed with Fertiglobe, GS Energy and Mitsui & Co.

The computer industry stalwart has some 220,000 workers.

Paris, France--New vehicle registrations in Europe dropped to their lowest level since 1993 last year as component shortages continued to hinder automakers, an industry group reported Wednesday. Despite an uptick in sales since August, the overall number of EU registrations fell 4.6 percent to 9.3 million, a level last seen three...

The plane, a Boeing 737-800, appeared to land safely at Sydney airport before coming to a stop on the runway, television images from public broadcaster ABC showed.

Baghdad, Iraq--Iraq has begun constructing 400 energy plants of high-quality specifications in all regions across the country. In a press statement, Iraqi Minister of Electricity Ziyad Ali Fadel said that the Ministry has discussions and contracts with General Electric and other American companies to implement some of these projects. He...

A real estate businessman from Saudi Arabia has won a ticket to see Cristiano Ronaldo and Lionel Messi face off in a friendly after bidding $2.6 million at an auction. The game in Riyadh will pit Messi's Paris Saint-Germain against players from Ronaldo's new club Al Nassr and their Saudi...

ABU DHABI, UAE - Statistics Center – Abu Dhabi (SCAD) and the Abu Dhabi Department of Energy (DoE) have signed a service-level agreement that allows collaboration between the two parties in the field of statistical integration. This is a part of a strategy to develop an advanced statistical ecosystem which...

DUBAI, UAE - UAE Ministry of Finance (MoF) Tuesday signed a Memorandum of Understanding (MoU) with the Dubai Free Zones Council (DFZC) on the exchange of information for tax purposes. This comes in line with the ministry’s continuous efforts to ensure that  commitment of various government entities in the UAE...

The World Economic Forum launched the Giving to Amplify Earth Action (GAEA), to help unlock the US$3 trillion of financing needed each year to reach net zero, reverse nature loss and restore biodiversity by 2050. The GAEA is a global initiative to fund and grow new and existing public, private...

ADNOC, FNRC, Masdar and 44.01 to pilot a technology in Fujairah.

The return on the share amounted to QR 1.62.

Doha, Qatar-- Qatar and Saint Lucia have signed an air services agreement allowing the Gulf country's airline to expand its network of destinations. The agreement was signed on behalf of the Qatari side by Minister of Transport Jassim bin Saif bin Ahmed Al Sulaiti, and on behalf of the State...

DUBAI, UAE - The Chairman of the Dubai Financial Services Authority (DFSA), Fadel Al Ali Monday announced the publication of the DFSA’s Business Plan for 2023-24. The Business Plan has been developed to foster an enabling environment for firms as Dubai and the UAE continue to grow its reputation as...

Goldman Sachs has recently projected that the supply of Lithium will begin to outpace demand from 2023 onward.

DAVOS, SWITZERLAND – A  report launched Monday at the World Economic Forum Annual Meeting 2023 shows how countries can accelerate the food systems transformation. The report Food Nature and Health Transitions - Repeatable Country Models reveals how actions and investments can accelerate a country’s transition towards food systems that deliver...

"The exceptional performance of the real estate sector reflects support the goal of the Dubai Economic Agenda D33 launched to double the size of Dubai's economy by 2033. The sector is a key pillar of Dubai's strategy for sustainable development," said Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al...

DCA is a US-based dental services organization with 390 allied practices,