Business

Sharjah: The Sharjah Investment and Development Authority (Shurooq) has entered into an agreement with Afhad Holding LLC to convert a 15,095-square-metre area in Sharjah’s Kshisha into a new retail destination. The project will be established on land …

Abu dhabi: Abu Dhabi-based Global South Utilities (GSU), a Resources Investment company, announced the project commencement of a 12 MWp solar photovoltaic power plant integrated with a 70 MWh Battery Energy Storage System in Berbera, as part of Phase …

Kinshasa: Consumer prices in the Republic of Korea rose by more than 3 percent in May compared with the same month last year, amid volatility in global energy prices following developments in the Middle East.

According to Emirates News Agency, data…

Dubai: Ahmad bin Shafar, Chief Executive Officer of Emirates Central Cooling Systems Corporation ‘Empower’, inaugurated the new Command and Control Centre at the corporation’s main headquarters. The modern version of the centre represents a key elemen…

Damascus: Syria recorded nearly 12,000 overflights in May after airlines altered their routes across the region to avoid airspaces affected by recent regional developments. The number of flights crossing Syrian airspace increased by about 375 percent …

Brussels: In the first quarter of 2026, there were 471.1 million overnight stays in tourist accommodations across the EU, marking an increase of 3.4% compared with the same quarter of 2025. January recorded 143.5 million nights (+3.2% compared with Ja…

Abu dhabi: Oil prices surged by more than 4 percent on Monday. Brent crude futures rose by US$3.86, or 4.2 percent, to settle at US$94.98 per barrel. US crude futures also gained US$4.80, or 5.5 percent, to settle at US$92.16 per barrel.

According t…

Abu dhabi: US crude oil exports reached a record high of 5.6 million barrels per day in May, driven by increased demand from Asian and European refineries following developments in the Middle East and the closure of the Strait of Hormuz. Data related …