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Business
Real estate market in Dubai records highest sales volume in nine years in June
According to Mo'asher, Dubai's official index of sales prices and rental performance, 8,897 sales transactions worth AED22.75 billion were recorded in June, the highest volume in nine…
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ADNOC announces second gas discovery offshore Abu Dhabi
As part of Abu Dhabi's Offshore Block 2 Exploration Concession, operated by Eni, Abu Dhabi National Oil Company (ADNOC) has announced a second gas discovery. Approximately 1 to 1.5…
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Bouroge announces 16.4 percent YoY revenue growth
In the first half of 2022, Borouge Plc, a petrochemical firm that produces innovative and differentiated polyolefin solutions, reported a 16.4% increase in revenue to $3,460 million…
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ADNOC Drilling awarded $2 billion for the Hail, Ghasha Development Project
In connection with the Hail and Ghasha Development Project, Abu Dhabi National Oil Company (ADNOC) announced the award of two large contracts totaling $2 billion (AED7.49 billion) to…
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Dailyhunt enters into a strategic content partnership with MENA Newswire
MENA Newswire: Dailyhunt, India's #1 local language content discovery platform powered by VerSe Innovation, today announced its strategic multi-year content partnership with MENA…
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Hub71 and Clara partner to digitize legal needs for startups
Abu Dhabi's global tech ecosystem Hub71 has announced an alliance with LegalTech startup Clara, which provides automated legal services for startups. Clara's innovative digital platform…
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OPEC Fund provides $30 million loan to Paraguayan farmers and businesses
Under its Food Security Action Plan, the OPEC Fund for International Development (OFID) has signed a $30 million loan agreement with Banco Sudameris S.A.E.C.A. in Paraguay. Farmers and…
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Orange and MasMovil sign a $19 billion merger agreement in Spain
On Saturday, Orange and MasMovil said they had signed a binding agreement to merge their Spanish operations, valuing the combined company at close to $19 billion. In addition to…
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Snapchat owner suffers from slump in advertising
Snapchat's shares plunged after it missed revenue expectations and warned it faces incredibly challenging conditions. As a result of disruptions in the supply chain, advertisers are…
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Indian exports top $676 billion in FY21-22 under the Modi government
India has registered tremendous growth in merchandise and service exports in the last fiscal year. A total of $676 billion worth of exports were made in the financial year 2021-22 under…
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