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ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

  • UAE bolsters air cargo industry with launch of ‘CARDS’ data platform

    Abu Dhabi, UAE--The General Civil Aviation Authority (GCAA) has launched the Cargo Data Reporting System (CARDS), which provides a range of technical services to government entities, national airlines, ground handling agents and express service providers.CARDS is the first platform of its kind to provide an analytical view of air cargo...

  • Israel seals home of Palestinian behind Jerusalem shooting

    Israel announced a slew of steps late Saturday, including revoking the rights to social security of "the families of terrorists that support terrorism".It also announced that the home of 21-year-old Khayri Alqam, who was shot dead by police following Friday's attack, "will be sealed immediately ahead of its demolition".

  • Facial recognition helps GCC banks verify, curb frauds

    The new technology is the most accurate form of identity verification since biometric data is incredibly hard to fake or replicate, and faces cannot be lost, says an expert.

  • UAE payments industry expected to reach $14 billion by 2030

    The UAE's payments industry, like several other countries in the world, suffered an impact far less severe than initially anticipated due to the Covid-19 pandemic, rising by 17 percent to $8.4 billion from 2015 to 2020, a report has said. The Boston Consulting Group (BCG) report, "Global Payments 2021: All...

  • Eazy, Discover partner to expand card acceptance

    Discover and Diners Club International and network alliance cardholders can use cards at all ATMs in Bahrain Eazy Financial's upcoming First National cards customers can access Discover Global Network A recent tie-up between Eazy Financial Services and Discover is expected to enable Discover and Diners Club International and network alliance...