London, United Kingdom--British retailers won a boost from higher prices over the key Christmas trading period but the volume of goods sold slumped as sky-high inflation hits broader buying, data revealed Tuesday. Revenue jumped almost seven percent in December from a year earlier largely thanks to surging food prices, according to...

Sharjah, UAE--The Sharjah Department of Public Works (SDPW) conducted a workshop on the "Sharjah Ports, Customs and Free Zones Authority Building" project and the lessons learned from the project. Ali bin Shaheen Al Suwaidi, Head of the SDPW, confirmed that the department supports carbon neutrality and zero carbon emissions in...

Dubai, UAE-- Top industry experts will share first-hand knowledge of the IPO process and the opportunities and challenges of becoming a public company at the MENA IPO Summit, to be held in Dubai from 23 to 25th January. The event will also showcase a roadmap for startups and SMEs in...

WhatsApp sued the Israeli technology firm in 2019, accusing it of targeting approximately 1,400 devices with spyware to steal information from people using the app. "We're grateful to see the Supreme Court rejected NSO's baseless petition," said WhatsApp spokesperson Carl Woog.

Sales last year advanced eight percent to a record 6,021 cars.

"Robust labour markets" alongside "increases in national minimum wages" and "trade unions demand(ing) higher wage increases" are also set to place upward pressure on wages.

The oil-rich kingdom, along with Egypt and Greece, is considering a bid to host world football's 2030 showpiece tournament, and Ronaldo's ambassadorial role will bring his reported earnings in the country to over $428 million. Ronaldo is expected to make his Al Nassr debut on Jan. 22.

The Global Innovation Index ranks the countries on 81 indicators across seven categories, including Business Sophistication, Infrastructure and Technology Outputs among others.

The summit, which will be held from 23-25 Jan, 2023, ""will shed light on the strong impetus and promising prospects of the IPO sector in Dubai". The emirate's media office said the summit comes on the back of a record IPO activity in 2022.

The acquisition has been finalized at $1.8billion.

The incident involving the 225-metre-long Marshall Islands-registered M/V Glory had briefly sparked fears of a repeat of a major 2021 blockage when the giant container ship Ever Given became diagonally wedged in the canal. That week-long closure of the man-made waterway cost billions of dollars through shipping delays.

both firms will establish a joint venture company, in which QatarEnergy will own a 70% equity share, and CPChem will own a 30%.

Riyadh, Saudi Arabia-- Al-Nassr coach Rudi Garcia hopes that Cristiano Ronaldo will "rediscover the pleasure of playing" when he brings a little stardust to the Saudi Arabian league. "The only thing I wish for Ronaldo is that he rediscovers the pleasure of playing and smiles again because in recent months...

It will be Qatar's first firm to use book building for IPO.

Goldman's staff stood at 49,100 at the end of October, up nearly 30 percent from the end of 2019 after hiring campaigns and acquisitions. The planned job cuts come as Goldman Sachs and other investment banks have seen a big drop in fees tied to initial public offerings and described...

Those reinstated include far-right activists, anti-Muslim extremists as well as others peddling election conspiracies and Covid-19 misinformation, according to an analysis by the non-profit Media Matters of dozens of restored accounts with millions of combined followers.

Doha, Qatar--The Qatar Credit Bureau has disclosed that more than 33,000 credit reports were issued and more than 1,400 complaints were closed during the year 2022. Also read: Qatar’s economy remains strong despite global crises The center noted in a tweet about the performance of the electronic services portal during...

Across the region, parents struggle to shield children from unsavory elements prowling the cyber world, as risks grow with the spread of the internet.

The Ras Laffan Petrochemicals Complex, which will produce 2.1 million tonnes of ethylene a year along with 1.7 million tons of polyethylene derivatives, will come on stream in 2026. The complex will have "lower waste and greenhouse gas emissions" than similar facilities around the world, said Saad Sherida al-Kaabi, Qatar's...

DUBAI, UAE  - DEWA has completed 76.8 percent work on the water reservoir project in Hatta. The project has a storage capacity of 30 million imperial gallons (MIG) and is being built at a cost of approximately US$23 million (AED86 million). It is expected to be completed in April 2023....

Immersive technologies that can better lives, whether helping people treat dementia or learn to pilot fighter jets, is the future of the metaverse, virtual reality startups say.

Doha, Qatar--Qatar Central Bank's (QCB) international reserves and foreign currencies liquidity increased last December by 9.6 percent on an annual basis, to reach $59.31, compared to $54 billion in the same period last year. December recorded a monthly growth of 2.7 percent compared to November 2022. The figures issued by...

Las Vegas, United States--Allowing the driver of an autonomous vehicle to watch a movie, a dealer to sell automobiles from a "virtual" car lot, or an engineer to simulate how a new part fits: the auto industry is getting a tantalizing taste of the metaverse at the huge CES technology show....

Cairo, Egypt--The Engineering Export Council (EEC) of Egypt has announced that the sector’s exports increased by 10% to $3.32bn from January-November 2022, compared to $3bn in the same period in 2021. Also read: Egypt economy to grow 5.2% in 2021-22 According to the EEC's monthly report, the most notable industries...

Cristiano Ronaldo may make his Saudi Arabian debut on January 22 after the Portuguese star was successfully registered by new team Al Nassr. The star who was unveiled to fans this week joined the squad list after Al Nassr terminated Vincent Aboubakar to stay within the maximum eight foreign nationals...

DUBAI,  UAE - A total of 2,173 real estate transactions worth over US$2.72 billion (AED 10 billion) were conducted during the week ending January 6, 2023, according to figures released by the Dubai Land Department (DLD). A total of 270 plots were sold for $612 million (AED 2.25 billion), 1,903...

Abu Dhabi, UAE--The market cap of Arab stock exchanges has vaulted to $4 trillion by the end of 2022, according to the Arab Monetary Fund (AMF). The AMF said in a statement that the market value of the Abu Dhabi Securities Exchange reached $714.6 billion in the reference year, while...

AMMAN, JORDAN -  Jordan's total imports of Iraqi oil between September 2021 to December 2022 amounted to 3.65 million barrels, equivalent to 490,000 tons of crude oil."Jordan imports Iraqi crude oil according to the memorandum of understanding (MoU) for the processing of crude oil signed between the Jordanian and Iraqi...

Abu Dhabi Securities Exchange finished 2022 with a gain of almost 20 percent, making it the highest performer among GCC indices. In 2023, Saudi and UAE ended the weekly exchange down or stable.

Doha, Qatar-- Real estate sales worth more than 2.25 billion Qatari Riyals ($612 million) were registered at the emirate's Real Estate Registration Department at the Ministry of Justice from Dec. 25 to Dec. 29, 2022. The weekly bulletin issued by the Real Estate Registration Department stated that the list of...

Stock markets mostly advanced as traders awaited key US jobs data and after news of falling inflation in the eurozone. Global equities have enjoyed a largely solid start to the new year, though Wall Street slid on expectations that the Federal Reserve is in no rush to stop hiking US...

Dubai, UAE---Dubai real estate market recorded deals worth AED2.8 billion ($762 million) on Thursday, Dubai Land Department said. These included 516 sales transactions worth AED1.73 billion, in addition to 71 mortgage deals of AED596.74 million, and 26 gift deals amounting to AED503.85 million. The sales included 455 villas and apartments...

Under the MoU terms, the Ministry of Economy and Planning and Clarity AI will work together to explore potential areas of cooperation, such as using big data.

Owned by Chinese tech giant ByteDance, TikTok has become a political punching bag for US conservatives who allege that the app downloaded by millions of US young people can be circumvented for spying or propaganda by the Chinese Communist Party (CCP). TikTok is the equivalent of "digital fentanyl," said Republican...

to further tighten finances  spurred by concerns over deteriorating consumer sentiment caused  [by] continued high global interest rates and weak economic outlooks". Against that backdrop, the Galaxy smartphone maker "saw a significant drop in the memory business results due to lackluster demand and also weaker sales of smartphones," it added.

They will co-invest in global credit opportunities.

AMMAN, JORDAN - The Jordan Chamber of Industry (JCI) organized the Jordanian-Bahraini Business Forum in Bahrain's capital, Manama, to increase the volume of trade exchange, discuss means of enhancing cooperation, and showcase investment opportunities in the two countries.JCI President Fathi Jaghbir underlined the need to set in motion a new...

ABU DHABI,  UAE - The Abu Dhabi Judicial Academy (ADJA) has conducted a specialized training program on drafting and writing contracts and legal memoranda. This was done to develop the skills and competencies of practitioners engaged in the legal professions in the public and private sectors. The program also updates...

ADIB acquired 9.6m shares from National Investment Bank.

It will shield customers from fraud and online threats.

Called Midnight, the vehicle looks like a small plane with several rotors on its wings and is designed to make consecutive trips of around 20 miles (30 kilometers) with a recharge time of about 10 minutes between each trip. Archer envisions an age of aerial ride-sharing, an "Uber or Lyft...

Washington, United States--Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the fact that the online retail giant had "hired rapidly" during the pandemic. "Between the reductions we made in November and the ones we're sharing today, we plan to eliminate just...

Doha, Qatar-- Business activity in Qatar has accelerated in December as the FIFA World Cup went on through the month. The latest Purchasing Managers' Index (PMI) survey data from Qatar Financial Centre (QFC) indicated further rapid growth of business activity in December. As was the case in November, wholesale, retail,...

The facility will be capable of processing 100,000 tons of cargo annually.

Abu Dhabi, UAE--The bilateral trade between Pakistan and the United Arab Emirates is expected to double from the US$10.6 billion, according to Pakistan's ambassador to the UAE Faisal Niaz Tirmizi. The last calendar year recorded a US$10.6 billion in trade “the highest volume Pakistan had in the Middle East and...

Washington, United States--Two World Bank entities provided a record $75 billion in financing last year, said a letter by its president, as developing countries faced crises like climate change and Russia's invasion of Ukraine. The aid comes as countries emerging from the Covid-19 pandemic were hit by fallout from war in...

Doha, Qatar-- Qatar has recycled some 80 percent of waste collected from stadiums during the FIFA World Cup games. According to Bodour Al Meer, the Sustainability Executive Director at the Supreme Committee for Delivery & Legacy, nearly 54 percent of the waste has been converted into compost, 22 percent into...

Cairo, Egypt--Public anger has been growing for months in Egypt over a severe dollar crunch and soaring food prices. But for many a money-saving tip from a state body has been the last straw. As families have struggled to purchase household staples, an Egyptian government agency praised an alternative, cheap protein...

At present, the data center industry as a whole uses approximately 150 billion kilowatt-hours of electricity annually, which is about 3 percent of the world’s electricity usage.

Ducab's supplying medium voltage and earthing cable.