The Royal Commission for Riyadh City said the move is designed to facilitate smoother movement for both residents and visitors ...

UAE family conglomerate AW Rostamani said on Sunday it had acquired a majority stake in London and South East England car retailer Brayleys. The company said the transaction, for an undisclosed sum, ...

Construction work has begun on the expansion of the Dubai Mall’s Mohammed bin Rashid Boulevard, it was announced on Wednesday. UAE-based construction group ASGC, which is working on the project, ...

Expo City Dubai will welcome visitors to two of its pavilions from September 1, ahead of its full launch in October. The re-opening of its mobility pavilion – Alif and the sustainability pavilion – ...

Nokia has released research (Nokia MEA Broadband Index Report) that forecasts 5G subscriptions are expected to reach 263 million in the Middle East and Africa (MEA) region by 2026. According to the ...

Egyptian bank EFG-Hermes plunged to a net loss last year, hit by one-off charges including a writedown in the value of certain investments. The bank, active both in ...

The opening of Saudi Arabia’s bourse to direct foreign investment may create billions of dollars of business but international banks and fund managers are cautious about expanding their operations in ...

Ministry of Economy and Tourism says claims circulating on social media about curbs on capital transfers and foreign investor funds are inaccurate ...

U.S. President Donald Trump spoke on Friday to Saudi Crown Prince Mohammed bin Salman about Middle East stability and the oil market, the White House said, after tensions with Iran prompted a rise in ...

Dubai’s Emirates Airline has agreed a $425 million loan from a group of banks to fund the acquisition of two Airbus A380 superjumbos, one of the lenders said on Tuesday. Abu Dhabi Islamic Bank (ADIB), ...

Saudi authorities have arrested 24,000 people after beginning a crackdown on visa violators, Saudi Press Agency said on Saturday. The crackdown began last Wednesday after the kingdom ended an extended ...

Investment Corporation of Dubai (ICD), the holding company of some of the emirate’s key businesses and institutions, has announced a 21.4 per cent fall in net profit attributable to its shareholder ...