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MUSCAT — Oman International Development & Investment S.A.O.G (Ominvest) has announced a revised offer to acquire a substantial stake in Ahli Bank, one of Oman's prominent financial institutions. In a statement released on Wednesday,…
In a resounding testament to Qatar's unwavering commitment to economic diversification, the non-oil sector experienced a remarkable surge of 9.9% growth in the fourth quarter of 2022, while the oil sector saw a commendable…
Insider, the Turkish AI-based marketing firm, has secured a substantial investment of $105 million in a funding round led by existing investors Qatar Investment Authority (QIA) and Esas Private Equity. The investment brings Insider's…
Egypt's prominent financial institution, EFG Hermes Holding, announced a remarkable first-quarter profit after tax of EGP 885 million ($28.58 million) for 2023, demonstrating an astounding surge of 157% compared to the previous year. Despite…
ABU DHABI — The United Arab Emirates (UAE) has achieved remarkable economic growth, surpassing expectations and positioning itself among the world's highest performers with a growth rate of 7.6% in 2022. Led by surging…
ABU DHABI — Abu Dhabi National Oil Co. (ADNOC) and Abu Dhabi National Energy Co. PJSC (TAQA) have jointly announced their partnership in a groundbreaking sustainable water supply project valued at approximately $2.4 billion.…
- Madras High Court: The court ruled that under the Right to Education, economically weaker section (EWS) students should not be required to pay any fees for their education. The court emphasized that the…
In a significant development, the Federal National Council (FNC) of the UAE has given its approval to extend the duration of work permits from two years to three. The move aims to alleviate the…
Legal authorities in the UAE have issued a warning about the enforcement of stricter penalties for online abuse and defamation. The law explicitly prohibits the use of foul language and defamatory remarks online, including…
The UAE's Ministry of Foreign Affairs and International Cooperation has announced a significant change as it officially becomes the Ministry of Foreign Affairs. This name change signifies a more focused approach towards handling foreign…
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