Business

Cairo: Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, has announced an ambitious five-year strategy to expand oil and gas exploration and production across the country.

According to Emirates News Agency, the plan includes drilling…

Dubai: The University of Dubai today announced the launch of the “Dubai Tech X Fund,” a AED 100 million investment initiative designed to support startups in deep technology (Deep Tech) and artificial intelligence (AI). This initiative is part of a br…

Abu dhabi: Multiply Group, an investment holding company based in Abu Dhabi, has revealed its plans to acquire 2PointZero and Ghitha Holding through a share swap transaction. The Board of Multiply Group has approved the proposal, which involves offeri…

Abu dhabi: Crescent Petroleum and Dana Gas PJSC have announced the commencement of commercial gas sales from the KM250 gas expansion project at the Khor Mor facility in the Kurdistan Region of Iraq (KRI). The project, delivered eight months ahead of t…

Abu dhabi: Space42 and Autonomous A2Z, the leading Korean autonomous driving company, have signed a Memorandum of Understanding to establish an Abu Dhabi-based joint venture to deploy and commercialise Level-4 autonomous-driving solutions in the Middl…

Kuwait city: Kuwait crude oil dropped US$1.05 during Tuesday’s trading to reach US$63.68 per barrel compared with US$64.73 per barrel the day before, Kuwait Petroleum Corporation said Wednesday.

According to Emirates News Agency, Brent futures also …

Sharjah: The Sharjah Entrepreneurship Centre (Sheraa) is setting an ambitious goal to support more than 1,000 entrepreneurs by 2030 through the launch of initiatives designed to develop an integrated entrepreneurial environment in Sharjah. Inspired by…

Beijing: China’s new energy vehicle (NEV) sector maintained strong momentum in production and sales in the first nine months of the year, according to industry data released Tuesday.

According to Emirates News Agency, NEV production jumped 35.2 perc…