ABU DHABI, UAE - The Indonesian Government, G42, a UAE-based AI and cloud computing company, a global nonprofit OceanX and G-Tech Digital Asia (G-Tech) have announced the signing of a Letter of Intent to establish a collaboration to develop ocean research to help protect the marine environment. The Letter of...

Saudi retail tranche remains unchanged at 10 percent.

ABU DHABI, UAE - Abu Dhabi Fund for Development (ADFD) participated in the first plenary session of the Council of Foreign Investors in Uzbekistan. The session was held under the chairmanship of President of Uzbekistan Shavkat Mirziyoyev. The discussions focused on fostering economic development in Uzbekistan by facilitating investment in...

They would set up UAE's largest aluminum recycling facility.

Dubai, UAE---United Arab Emirates private school operator Taaleem Friday said it has set the price of  its Initial Public Offering (IPO) at AED3 per share ($0.8168), raising AED750 million ($204 million). Taaleem, which runs 26 premium schools in the UAE, will sell 250 million shares, equivalent to 25 percent of...

ABU DHABI, UAE - UAE Minister of Economy Abdullah bin Touq Al Marri visited the Havana International Fair 2022 in the Republic of Cuba, at the invitation of the Cuban government. The visit was aimed at exploring opportunities for cooperation and establishing new economic partnerships between the UAE and Caribbean...

As the world gears up for the FIFA World Cup 2022 in Qatar, the positive ripple effect is being felt in the business fraternity across the Gulf region, especially in the UAE.

ABU DHABI, UAE - Abu Dhabi Public Health Center (ADPHC) has signed an agreement with the Africa Centers for Disease Control and Prevention (Africa CDC) to advance research and knowledge exchange and facilitate collaboration across key public health areas. The agreement was signed by Director-General of the ADPHC Matar Saeed...

The banks said in two separate regulatory announcements that all assets and liabilities of HSBC Oman will be transferred to Sohar International.

The regional economies -- set to expand by 6.9 percent in 2022 -- may moderate to 3.7 percent and 2.4 percent in 2023 and 2024 respectively, says a World Bank report.

The two leaders discussed mutual ties, including the agenda of the summit. 

The two Gulf countries play a major role in strengthening the economic and sustainable development in Indonesia, which is hosting the 17th G20 Summit.

Firm's adjusted net profit grew to $16.5 million in Jan-Sep 2022.

Pact will help SMEs in UAE gain access to key banking services.

Firm approved interim dividend payment of US$54m.

The firm's policy allows AED800m dividend annually.

Dubai, UAE— Etihad Credit Insurance (ECI) has reviewed its programs and initiatives in a meeting chaired by Abdulla bin Touq Al Marri, UAE Minister of Economy and Chairman of the Board of Directors of ECI. The meeting reviewed a series of ECI’s comprehensive programs and initiatives, which are aligned with...

The Gulf ministers review projects aimed at strengthening joint Gulf action in tourism as well as strategic partnerships between the GCC and other countries and stakeholders.

BALI, INDONESIA - Speaking at the B20 Summit in Bali, Indonesia, Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi provided details on how the UAE continues to work to mobilize international efforts to stimulate trade and investment flows around the world. He said, in the keynote...

Many Gulf states, including the region's two biggest economies, raised key interest rates earlier this month after the US Fed hiked its key policy rate.

Robust property sales helped firm enhance revenue.

Onshore revenue for the period was $1.074 bn, up 25% YoY.

SOLO, INDONESIA - President Sheikh Mohamed bin Zayed Al Nahyan and President Joko Widodo of Indonesia held talks aimed at further strengthening relations between the two countries. Their meeting came as part of the UAE President's working visit to Indonesia to participate in the G20 Leaders' Summit at the invitation...

Dubai, UAE---Etihad Credit Insurance (ECI) has issued AED6.3 billion ($1.71 billion) in trade guarantees  in the first nine months of 2022. ECI's third meeting this year, chaired by Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the Board of Directors, was told that the guarantees were equivalent...

"Today's world is witnessing a scientific and technical boom, which is the fastest and most advanced through all the stages of human history. At the same time, we are facing several unprecedented challenges that threaten humans, with climate change representing the most severe problem," he adds.

A high number of residential and commercial units delivered in 2022 means tenant retention will become more critical, and rental rates across all major assets are expected to rise.

The firm reported a 125 percent increase in its revenues.

A robust cultural and creative sector remains at the heart of the UAE’s growth strategy and to give it a further boost, the UAE has been rallying for the amplification of culture and arts education, she adds, while speaking at the fifth edition of the Paris Peace Forum in Abu...

The Kingdom has moved from ambition to action during the past two years to empower people, protect the planet and shape new horizons, says Saudi minister

The Ministry of Climate Change and Environment (MOCCAE) introduced the second edition of the UAE Green Business Toolkit in partnership with the Global Green Growth Institute (GGGI) at the 27th United Nations Climate Change Conference (COP27), held in the Egyptian city of Sharm El Sheikh.

DFM index jumped 0.6 percent, Abu Dhabi index rose 0.1 percent, Saudi Stock Exchange varied as index ended its trading with a fall of 1.7 percent, losing 195.48 points.

The casino would mark a watershed moment for the Gulf region.

The pathway, unveiled at COP27, sets the timeframe and identifies the mechanisms of implementing the UAE Net Zero by 2050 Strategic Initiative, introduced in October 2021.

Dubai, UAE--- UAE's Ministry of Human Resources and Emiratisation (MoHRE) has said it was keen to support and empower private sector companies in the country and help them achieve their Emiratisation goals of 2022, with 50 days to go for the deadline before fines are imposed on non-compliant companies. Companies...

ABU DHABI, UAE -UAE's Ministry of Industry and Advanced Technology (MoIAT) has signed a Memorandum of Understanding (MoU) with Burjeel Holdings to provide high-quality healthcare services to the ministry’s employees and their families. The agreement was signed by Dr. Shamsheer Vayalil, Founder and Chairman of Burjeel Holdings, and Omar Suwaina...

The company paid a dividend of AED1.285 bn in Oct.

The four largest banking markets in the GCC -- UAE, Saudi Arabia, Kuwait and Qatar — are expected to 'nearly approximate' pre-pandemic profitability ranks by the end of 2022.

The profit rose by 99 percent compared to Q3 2021.

Revenues in H1 of 2022-2023 surged 131% to $13.7 billion.

The food firm's revenue shot up to $260 million in Q3.

The law which will come into effect from January 2023 aims to increase UAE’s attractiveness as investment destination.

Josep Borrell, the EU High Representative for Foreign Affairs and Security Policy, points out that since the Ukrainian crisis, an important part of energy supplies to the EU has been coming from the Gulf countries, including the UAE. “This has changed the energy landscape of Europe,” he says.

Abu Dhabi, UAE - AD Ports Group and International Development Bank (IDB) have signed a deal to review opportunities for ports and logistics projects that could enhance trade flows between the UAE and Iraq. IDB aims to provide its services to corporate clients and support a range of key infrastructure...

Third quarter operating income grows by 4 percent.

Launched in 2005 by the WIEF Foundation, the WIEF is a global platform created to promote and discuss the latest economic developments.

The company reported net profit of $161m for 9M of 2022.

The three nations vow to advance clean energy and sustainable water desalination projects announced last year, while UAE, Indonesia unveil Mangrove Alliance for Climate at COP27

"While living in Dubai, and through my performances in the UAE, I found that the culture of tolerance here is a force of immeasurable good, especially since music and arts help better humanity and pave the way for a more peaceful future,” he highlights, referring to his experience during Expo...

DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) discussed with the Russian Ministry of Industry and Trade ways to boost collaboration, exchange medical expertise and expand partnerships in the pharmaceutical sector between the two countries. The two countries also discussed ways and means to encourage more Russian companies...

Net investment and other income reached AED93.8m.