The Saudi Ports Authority (Mawani) and global freight major Maersk have announced the ground breaking of the company's biggest comprehensive logistics zone in the Middle East at the Jeddah Islamic ...

A massive and shallow earthquake struck on Wednesday off the west coast of the Indonesian island of Sumatra, a region devastated by the 2004 Indian Ocean quake and tsunami, and there were early ...

Saudi Premium Residency Center has launched five new premium residency opportunities aimed at boosting the kingdom’s position as a global hub, attracting skilled professionals and investments. The ...

DP World's Jebel Ali Free Zone (Jafza) has signed an agreement with Transworld, a global shipping and logistics solutions group, for the construction of a 50,000+ sq m, dry and temperature-controlled ...

Fitch Ratings has identified four banks in the Gulf Cooperation Council (GCC) (in Abu Dhabi, Qatar, Kuwait and Oman) as flagship banks. The banks are First Abu Dhabi Bank (FAB; AA-/Stable/a-), Qatar ...

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has announced the launch of 'Nest' – a sustainable home finance programme designed to make eco-friendly living accessible to families ...

UK-based Amec Foster Wheeler, a leader in the global energy industry, has been awarded an extension to its existing Project Management Consultancy (PMC) contract for the UZ750 project in the Upper ...

Saudi Ceramic Company said it has signed a Letter of Intent (LOI) with leading Turkish sanitaryware group Eczacibasi Yapi Gerecleri (EYAP) to conduct a feasibility study for the establishment of a new ...

The 2.7-km Francis Scott Key Bridge in Baltimore, US, collapsed early on Tuesday after it was struck by a container ship at around 1.35am ET. The ship rammed into the bridge, causing it to snap and ...

Saudi Arabia's central bank governor said on Sunday the world's top oil exporter was drawing on some foreign reserves but not selling foreign assets to finance a growing budget designed to stimulate ...

The Avoidance of Double Taxation Agreement signed between the UAE and Saudi Arabia has come into effect at the beginning of this month, after both countries completed the necessary procedures in ...

Al Hilal Bank, a subsidiary of ADCB Group, has appointed Jamal Al Awadhi as its new Chief Executive Officer to spearhead the bank’s ambitious growth trajectory and reinforce its position as the UAE’s ...