The German carrier said it cut its losses by two-thirds in 2021.

From his shock detention to an audacious escape from Japan hidden in an audio-equipment box, the rollercoaster saga of former Nissan boss Carlos Ghosn has grabbed headlines worldwide.

Israel has said that regardless of any agreement that may be reached in Vienna, it would maintain full freedom to act against Iran.

Artificial intelligence, machine learning, robotics and automation will define the future of jobs, says renowned economist Professor Nouriel Roubini

On Friday, US President Joe Biden extended his country's measures against Russia to include sanctions on President Vladimir Putin and his Foreign Minister Sergei Lavrov, including a travel ban for the two statesmen. Biden was the first world leader to announce sanctions, hours after Putin declared a "military operation" into...

The Federation of Saudi Chambers of Commerce signed an agreement to host the local network of the United Nations Global Compact in the Kingdom of Saudi Arabia. This affirms the Federation’s role in supporting the efforts of the UN Global Compact and realizing the importance of corporate sustainability in implementing...

The World Bank and IMF warned on Thursday that Russia's invasion of Ukraine would have repercussions for the global economic recovery.

The new trading office of PTT, Thailand’s largest corporation and the only Thai company listed in Fortune Global 500, was opened in Abu Dhabi Global Market on Thursday. The PTT Chairman, CEO and Board of Directors travelled to Abu Dhabi to mark the milestone, alongside representatives from ADNOC, IFAD and...

Qatar and Saudi Arabia host American troops, but their economic and political relations with Russia have grown over the years.

There were growing fears that only a spark — which Washington warns could be a deliberate "false flag" incident created by the Russians — might set off the largest military confrontation in Europe since World War II. More than 40 percent of the troops surrounding Ukraine were now said to...

Armenia will be the official guest of honor this year due to its rich and diverse cultural stock, while Indonesia will be the distinguished guest

Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage that has already sent the prices of gas, coal and crude oil soaring. At a time when global central banks are fretting over inflation rates not seen...

Chairman of Abu Dhabi Executive Office Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and Prince William of the UK discussed their work on globally impactful sustainability initiatives. Sheikh Khaled met Prince William at Jubail Mangrove Park in Abu Dhabi. The two were briefed on Environment Agency - Abu Dhabi's...

The company's profit in 2020 was $16.20 million.

The credit ratings agency has said the prospects for global economic growth have softened, even if it was to a modest extent.

The Covid lockdown this week of a relatively unknown Chinese city sent global prices of aluminum rocketing to a 14-year high. Why did the outbreak in Baise spark fears around the world about the key metal?

The World Defense Exhibition (WDE) declared that its first edition will be held in Riyadh, Saudi Arabia, from March 6-9, 2022, according to media reports. WDE is a leading global event on defense and security. The exhibition will begin with an opening ceremony that includes live demonstrations of the capabilities...

Saudi companies and government raised $36.9 billion sukuk in 2021, compared to $27 billion in 2020, an increase of 37 percent, and $28.6 billion in 2019, according to S&P Global Ratings In 2021, while the global sukuk issuance reached $$147.4 billion compared with $$148.4 billion in 2020, foreign-currency denominated sukuk...

The Mohammed Bin Rashid Space Center (MBRSC) announced that it will host the 17th International Conference on Space Operations (SpaceOps 2023) for the first time in Gulf region, local media reports said. The conference will be held at the World Trade Centre in Dubai, UAE from March 6-10, 2023. Themed...

The Middle East Energy Event (formerly Middle East Electricity) will be held at Dubai World Trade Center from 7th-9th March. The event will address the future of the energy transition and discuss the opportunities surrounding green hydrogen in the region, local media reports said. According to a report by consultancy...

Bank of Palestine (BOP) and Proparco in cooperation with the EU have jointly announced the signing of Sunref II Green Program after successfully completing Sunref I, local media said. The purpose of SUNREF Green Finance Program is to provide solutions to promote energy efficiency and renewable energy projects for the...

The annual meetings set to take place in Morocco will be held in Washington.

Major economies in the MENA region have already got the ball rolling when it comes to diversifying their economies.

Kuwait Red Crescent Society and International Committee of the Red Cross will support and implement a relief medical program for the Rohingya refugees in Bangladesh. The two organizations signed a cooperation agreement regarding the same on Wednesday. Chairman of KRCS's Board of Directors Dr. Hilal Al-Sayer stressed the importance of...

US Secretary of State Antony Blinken affirmed that his country places "tremendous value" on the role that Kuwait plays as an "advancer of peace." Blinken was quoted by local media as saying, "Kuwait plays, an almost unique role that it plays as a facilitator, mediator, advancer of peace and leading...

Steve Griessel, the new CEO of the Paramount Group will be providing strategic, financial and operational leadership to the company and will work with the Board of Directors, shareholders and senior leadership team.

The Islamic Development Bank (IsDB) affirmed that it would work together with all Multilateral Development Banks, International Finance Institutes, and other development partners towards achieving Sustainable Development Goals (SDGs) for its member countries. This came during IsDB President Muhammad Al Jasser’s participation in a panel discussion on “A Shared Sustainable...

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three Hezbollah-linked financial facilitators and their Lebanon-based travel company. Specifically, OFAC designated Adel Diab, Ali Mohamad Daoun, Jihad Salem Alame, and their company, Dar Al Salam for Travel & Tourism. This action comes at a time in...

During the visit, the secretary-general of the GCC will meet a number of senior officials of the European Union.

The Abu Dhabi Sustainability Week summit, hosted by Masdar, will take place virtually on Monday, 17th January. The Summit will take place between 1:00pm – 9:00pm GST, and will convene more than 80 global leaders, including heads of state.

DET and HSBC Bank Middle East have signed a Memorandum of Understanding (MoU), paving the way for increased cooperation in further enhancing Dubai’s position as a global livability destination.

Qasemi, who headed a high-ranking delegation to Syria, met with senior officials from Syria.

On 12th October 2021, the European Commission issued its first-ever NextGenerationEU green bond

While the likes of Egypt, Morocco, Tunisia, and Jordan depend heavily on tourism for revenue, the UAE and Saudi Arabia are using it to diversify their economy.

Renewable energy company Masdar will become an official partner of Manchester City under an agreement that will see them collaborate in several activities, such as launching a global campaign on the importance of climate action and mitigating climate change. The campaign will coincide with the Masdar-hosted Abu Dhabi Sustainability Week...

Companies have used innovative methods to keep their operations running while overcoming numerous challenges linked to Covid-19 pandemic. However, the situation in the air freight market "continues to remain challenging," according to DHL Global Forwarding Middle East & Africa CEO Amadou Diallo.

The statement was issued after the latest review of the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) — which first came into force in 1970 — was postponed from its scheduled date of January 4 to later in the year due to the Covid-19 pandemic.

At the global scale, 56.5 percent of oil reserves and 26.7 percent of natural gas reserves are owned by Arab countries.

Russian President Vladimir Putin has invited Iran’s President Ebrahim Raisi in Moscow for discussion over expanding strategic cooperation.

The hike is due to pandemic-fueled supply-chain snarls.

The United States has condemned the Houthis' continuous attacks on the Kingdom of Saudi Arabia, stressing that the group is a threat to its allies. US State Department Spokesman Ned Price said in a virtual press conference that Saudi Arabia was able to eliminate about 90% of Houthi attacks, and...

Experts caution against too much optimism around early indications that Omicron causes less severe disease than previous strains, pointing out that it is spreading so fast it could still overwhelm health systems.

Abu Dhabi Global Market (ADGM) has announced that it will commence a Monday to Friday working week from 1 January 2022, with Saturday and Sunday as the universal weekend. ADGM said in a statement that the new working week brings the emirate's business community and financial sector closer to global...

Aboul Ghaith pointed to the dangerous juncture that Libya is going through, and said that everyone should join hands and cooperate to achieve Electoral entitlement soon.

The emergency funding was set up to help nations that have been severely impacted by the Covid-19 pandemic.

Under Hong Kong's rules, if an airline brings in too many infected passengers on a particular route, it is banned from flying that route for two weeks. Qatar Airways has already been banned five times for that.

The OPEC Fund for International Development has approved $352 million for sustainable development operations globally at the organization’s 178th Session of the Governing Board, held virtually on Thursday, media reports said. Members of the Governing Board also reviewed several milestones achieved as part of the OPEC Fund Strategic Framework 2030,...

President Kais Saied recently announced the extension of a suspension until Tunisians vote for a replacement assembly in December 2022. Saied said a nationwide public consultation would take place from January 1.

The cross-border mechanism has been operating since 2020 through Bab al-Hawa, after the Russian-imposed removal in 2019 of three other access points in Syria.

Libya is to hold its first-ever presidential elections late next week, but the lack of a final list of candidates and bitter political divisions have cast doubt on whether they will take place. Polling was intended to mark a transition towards peace, but many now fear it could instead reignite...