Abu Dhabi’s Mubadala to invest in space tech, AI this year

Mubadala plans to invest in space tech, AI this year

Khaldoon Mubarak told an investor conference that sovereign funds had an opportunity to transform from asset investors to enablers of global progress

Qatar unveils new plan to further boost LNG production

Qatar plans new gas output boost amid global price collapse

The expansion may not be the last for Qatar as appraisals of the Gulf state’s gas reservoirs would continue and production might be expanded further

Dubai World Trade Centre Authority Free Zone sees 250% growth in H1 Image Dubai Media Office DWTCA

Asia wealth managers flock to Dubai as clients look to diversify

A growing number of wealth managers in Asia are setting up offices in Dubai to capitalise on the city’s interconnectedness

Philippines hit by earthquake Oct 4 - GettyImages 1461043009-1

Philippines struck by 6.4 magnitude earthquake: NCM

The quake struck at sea some 66 kilometres east of the municipality of Sarangani, Davao Occidental

SFD _Saudi fund for development and AIIB sign contribution agreement

Saudi’s SFD to contribute $10m towards development projects in Asia

Since 1975, SFD has funded more than 700 development projects worth $18.7bn in over 90 countries around the world

rice price

Soaring rice prices stretch budgets for billions in Asia, Africa

Rice contributes as much as 60 per cent of total calorie intake for people in parts of Southeast Asia and Africa

Dubai's Emirates to ramp flight frequencies to more than 15 destinations

Dubai’s Emirates to ramp up flight frequencies to more than 15 destinations

The carrier continues to scale up its A380 operations with the reintroduction of the aircraft across its network

Saudi oil Europe

Saudi Arabia raises oil prices for Asia and Europe for April

Prices for US customers were left unchanged


Oil extends gain as Saudi Arabia bets on demand rebound in Asia

Saudi Aramco increased most of its prices for crude that will be shipped to its main market of Asia in March

Dubai receives 14.36 million international visitors in 2022

Dubai receives 14.36 million international visitors in 2022

The emirate closed in on its pre-pandemic visitor figures of 16.73 million recorded in 2019

il prices dropped by Saudi Arabia

Saudi Arabia cuts oil prices for main market as demand slows

High-interest rates and a strong dollar have hit demand in the US, Europe and China


Nomura to hire bankers in Dubai for Middle East push

The Japanese firm has received in-principle approvals from the Monetary Authority of Singapore and Dubai Financial Services Authority to set up a branch in the Middle East

Emirates A380 returns to Perth

Emirates boss sees unprecedented travel surge once China reopens

Tim Clark said Emirates flights to Asian destinations that have already reopened are essentially full

Investcorp plans major ramp up of India assets to $5bn

The asset manager has been expanding holdings from the US to Asia as it seeks to reach assets of about $100bn

Gold is heading East as a falling price lures Asian buyers

Since peaking in March, gold prices have tumbled 18 per cent as the Federal Reserve’s rate hikes caused mass liquidation by financial investors

Saudi Arabia’s foreign minister and the secretary general of the Digital Cooperation Organization in Riyadh

Digital Cooperation Organization to establish HQ in Riyadh

Saudi Arabia, Bahrain, Cyprus, Djibouti, Kuwait, Morocco, Nigeria, Oman, Pakistan, Jordan and Rwanda are member states of the organisation founded to drive collaboration in digital transformation

Their call comes in a year of record profits for Big Oil as energy prices surged with the world economy reopening from Covid lockdown

Oil steadies as traders fret global slowdown will erode demand

Oil has made a weak start to September, extending a run of three monthly losses

Saudi Arabia raises oil prices for Asia to record levels

State producer Saudi Aramco increased its Arab Light grade for next month’s shipments to Asia to $9.80 a barrel


Here are Asia’s biggest IPOs to watch for the second half

Share sales globally plummeted some 70 per cent from a year ago in the first half, to levels not seen in almost two decades

Saudi Arabia raises oil prices for Asia with demand holding up

Saudi Arabia sends more than 60 per cent of its crude exports to Asia

Saudi Arabia

Saudi raises oil prices amid Asia rebound

Saudi Arabia sends more than 60 per cent of its crude exports to Asia, with China, Japan, South Korea and India being the biggest buyers


Dubai welcomes 3.97 million overnight visitors in Q1 2022

In the first three months of 2022, hotels across Dubai achieved average occupancy levels of 82 per cent

Saudi Aramco

Saudi Aramco shares hit record as oil demand rebounds

Crude prices have surged around 20 per cent this year

Saudi Arabia cuts oil prices for Asia buyers as OPEC adds supply

On Tuesday OPEC+ decided to increase production in February by 400,000 barrels a day

Oil trades near $80 as global power crisis set to boost demand

Crude has gained more than 60 per cent this year as the roll-out of Covid-19 vaccines lifted movement curbs and, subsequently, oil demand

Fuel prices spike across Asia as global energy crunch takes hold

The electricity crisis is roiling energy markets from Europe to Asia

Brent oil gains with stocks after worst losing streak since 2018

Asia is set to send excess diesel supplies to Europe and possibly to the US as the delta variant dents demand

The era of cheap natural gas ends as prices surge by 1,000%

The appetite for liquefied natural gas is expected to grow by 3.4 per cent a year through 2035, outpacing other fossil fuels

Oil holds decline as investors track delta’s spread across China

West Texas Intermediate was slightly higher after slumping 3.6 per cent on Monday

Mubadala’s GlobalFoundries invests $4bn in Singapore chip plant

GlobalFoundries is prepping a US initial public offering that could value the chipmaker at $30bn