Oil markets have experienced an unusual shift, with algorithmic trading exerting increasing influence on prices. What has been seen as a continuous slide in crude oil prices appears to be linked more to advanced trading programs than traditional market fu...

Aldar Properties, one of the UAE’s largest real estate developers, has announced a substantial $408 million investment to revamp several of its high-end hotel properties. The company aims to enhance its hospitality portfolio by upgrading key hotels across...

A consortium comprising Turkish fintech firm Dgpays and Bahrain-based Arcapita Group has successfully acquired a majority stake in NEOPAY, a digital payments platform owned by Mashreq Bank. The acquisition involves a 65% stake, with the total enterprise v...

Hibiscus tea has become increasingly popular among wellness enthusiasts, especially for its potential in aiding weight loss. This bright red herbal drink, made from the dried calyxes of the *Hibiscus sabdariffa* plant, not only offers a refreshing, tart f...

DP World and Nedbank have announced a strategic partnership aimed at enhancing trade finance solutions across Africa. This collaboration seeks to address the continent’s working capital needs, offering a robust framework designed to support businesses eng...

A new feature introduced for Chromebook devices, known as ‘Sanitize’, is drawing attention for its promise to enhance security and privacy. The ‘Sanitize’ tool offers an additional layer of protection aimed at maintaining data integrity, a growing concern...

A foreign bank operating in the United Arab Emirates (UAE) has been fined $1.4 million (Dhs 5 million) by the UAE central bank for insufficiently addressing money laundering, financing of terrorism, and related regulatory deficiencies. The financial penal...

The President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan, and Premier Li Qiang of China have engaged in high-level discussions aimed at reinforcing their countries’ Comprehensive Strategic Partnership. This dialogue marks a significan...

China’s Premier Li Qiang has advocated for accelerated trade negotiations with Gulf nations during his visit to Riyadh. Li’s call for swift advancement in economic relations underscores the growing strategic importance of the Gulf region to China’s global...

Pearl Petroleum has commenced arbitration proceedings against the Iraqi government concerning their joint venture on the Kurdish gas project. This legal action is a significant development in an ongoing conflict over operational and financial disputes tha...

A fleet of innovative air taxis is set to transform transportation in the United Arab Emirates, with over 400 test flights completed ahead of the anticipated 2025 launch. This new mode of transport promises to drastically cut travel time between Dubai and...

Etihad Airways is scrutinizing its fleet of Airbus A350 aircraft due to concerns over engine performance. The airline has grounded several planes for inspection following reports of engine anomalies. This proactive measure aims to ensure the safety and re...

Abu Dhabi and Dubai have unveiled a new integrated parking permit system designed to streamline parking management across the emirates. The initiative aims to simplify the permit process, enhance user experience, and improve regulatory enforcement by crea...

Automobile prices in the UAE are experiencing notable shifts as Chinese car manufacturers increasingly penetrate the market. This change is attributed to competitive pricing strategies and an expanding presence of Chinese brands in the region. Chinese aut...

South East Asia, with its vibrant tapestry of cultures, landscapes, and histories, boasts a myriad of must-see attractions that captivate travelers from around the world. From the awe-inspiring ancient temples of Angkor Wat in Cambodia to the stunning lim...