• UAE vital to enhancing global economic growth: Officials

    Abu Dhabi, UAE-- The UAE has expanded its network of trading partners around the world through comprehensive economic partnerships, contributing to increasing trade and investment flows and enhancing global economic growth, according to top officials from the country. Top economic officials have stressed the UAE's significant role in supporting the...
  • Total M&A market drops to US$3.2trn in 2023, says report

    DUBAI, UAE - The total M&A market dropped 15 percent, to US$3.2 trillion, the lowest level in a decade, as dealmakers grappling with high interest rates, regulatory scrutiny and mixed macroeconomic signals had to be more selective about which deals to pursue in 2023. But the biggest obstacle was the...
  • UAE MoD ink deals worth $517m in first two days of UMEX and SimTEX 2024

    ABU DHABI, UAE - On the second day of the sixth edition of UMEX and SimTEX 2024, the accumulated value of deals signed on behalf of the Emirates Ministry of Defense (MoD) reached US$255 million (AED939 million). This was announced during a press conference held on Wednesday by Tawazun Council's...
  • $5.8bn worth deals signed in first four days of Dubai Airshow 2023

    DUBAI, UAE – Tawazun Council signed 16 deals, worth US$1.3 billion (AED 4.87 billion), with local and international companies on behalf of the Ministry of Defense on the fourth day of the Dubai Airshow 2023. UAE’s Tawazun Council is an independent government entity that works closely with the defense ministry....
  • Kazakhstan’s BSG Technology to set up business in UAE next year

    Abu Dhabi, UAE-- Kazakhstan's BSG Technology is looking to expand its operations into the Middle East, and begin operations in the UAE next year. According to Serik Baimukhanbetov, Deputy Director for Business Development of BSG Technology, the company expects to launch its operations in the UAE market in 2024 and...
  • UAE, China’s Hainan Province ink multiple deals to boost trade, economic ties

    DUBAI, UAE - The UAE and China's Hainan Province have signed four major private-sector agreements aimed at boosting the rapidly expanding bilateral trade and investment ties. The signing ceremony took place during the Hainan Promotion Conference in Dubai, and was attended by Dr. Thani bin Ahmed Al Zeyoudi, Minister of...
  • Dubai logs over $871m in realty transactions on Thursday

    DUBAI, UAE  - Dubai's real estate market recorded 669 sales transactions worth US$792 million (AED2.91 billion) on Thursday, data released by Dubai's Land Department (DLD) showed. DLD said 134 mortgage deals totaling US$73 million (AED268.19 million), and 89 gift deals amounting to US$27 million (AED101.47 million). The sales included 567...
  • Dubai records over US$1.2bn in realty transactions

    DUBAI, UAE - Dubai's real estate market recorded 638 sales transactions worth US$503 million (AED1.85 billion) on Tuesday, data released by Dubai's Land Department (DLD) showed. The market also recorded 130 mortgage deals totaling US$732 million (AED2.69 billion), and 21 gift deals amounting to US$59.5 million (AED218.56 million). The sales...
  • Saudi embrace of China signals shift in Middle East geopolitics

    China's approach, characterized by a combination of economic incentives and a focus on development, contrasts with the more assertive and unilateral approach often associated with the United States. For Arab nations, China's appeal also lies in its geo-economic-centric relationship, he adds.
  • Riyadh’s WTTC Summit to oversee signing of 50 deals

    RIYADH, SAUDI ARABIA - Fifty deals and agreements are expected to be signed in the World Travel and Tourism Council (WTTC) Global Summit in Riyadh, Saudi Minister of Tourism, Ahmed Al Khateeb said. The minister evaluated the deals to be worth $50 billion, local media reports said. The agreements include...
  • Libya signs two defense deals with Turkey

    Libya has signed two defense deals with Turkey, building on a 2019 agreement that had seen the latter claim large and potentially gas-rich areas of the eastern Mediterranean, angering Greece, France and the European Union. The deal was signed with Libya's Tripoli-based prime minister Abdulhamid Dbeibah.
  • IHC scales up IT business, makes deals worth US$272m

    International Holding Company (IHC) has scaled up its IT business, making deals to the tune of $272 million in the first ten months of 2022. It is part of the company's long-term strategy to grow its capacity in the tech industry across different sectors.
  • Online spending set to rise as MENA shoppers start looking for products, offers ahead of holiday season

    Consumers in the UAE, Saudi Arabia and Egypt are among the most excited to search for Black Friday compared to Brazil, UK, and US, Google’s internal data suggest.
  • Dubai records over US$435m in realty transactions Monday

    Dubai real estate market recorded 445 sales transactions worth US$321 million, in addition to 68 mortgage deals of $121 million and 37 gifts deals amounting to $16 million on Monday, data released by Dubai's Land Department (DLD) showed.
  • Crown Prince’s visit: Egyptian, Saudi firms sign deals worth $7.7 bn

    The accords were related to "infrastructure, logistical services, port management, agri-foods, the pharmaceutical industry, fossil fuels and renewable energy, and cybersecurity" and were worth $7.7 billion, Egyptian daily Al-Ahram said.
  • Egypt to unveil development projects worth $860m

    Executive regulations governing public-private partnership will be issued soon, an official of the Finance Ministry said.
  • Weeklong real estate deals worth $1.85 billion recorded in Dubai

    The real estate and properties transactions worth AED6.8 billion ($1.85 billion) were recorded in Dubai during the week ending 25 March 2022, according to Dubai Land Department (DLD). The DLD weekly real estate report said a total of 2,461 transactions were made during the week. A total of 330 plots...
  • Saudi ministry signs 23 deals worth $3.46 bn at first defense show

    The Saudi Ministry of Defense (MoD) announced the closing of 23 deals worth more than SR 13 billion ($3.46 billion) with local and international companies on Wednesday, the fourth day of World Defense Show 2022, the kingdom’s first defense show. The MoD signed five deals with the Saudi Arabian Military...
  • $2.1bn in deals signed at Saudi Arabia’s first defense show: GAMI

    Saudi Arabia's first World Defense Show has seen the signing of 22 industrial partnerships with domestic and international defense companies with a value of SR8 billion ($2.13 billion), according to the show's founder. The General Authority for Military Industries (GAMI), which is also the regulator of the Kingdom’s defense sector,...
  • Pakistan’s Fatima Group inks $1billion deals at Expo with Chinese, Saudi firms

    Fatima Group, a Pakistani industrial conglomerate, has signed two MoUs of over $1 billion with two key global agriculture stakeholders – China Machinery Engineering Company (CMEC) from China and Sarh Attaqnia Co. (SAC) from Saudi Arabia at Expo 2020. A formal signing of the business partnership was held at the...
  • Dubai international pharma exhibition generates deals worth $1.38 bn

    The 27th edition of the Dubai International Pharmaceutical & Technologies Conference and Exhibition (DUPHAT 2022) has generated direct and indirect business deals worth AED5.1 billion ($1.38 billion). The largest of its kind in the region, DUPHAT 2022 was held at the Dubai World Trade Centre and featured the participation of...
  • UAE Defense Ministry signs deals worth $544m at UMEX & SimTEX

    Deals worth more than AED2 billion ($544 million) were made by UAE’s Ministry of Defense during the fifth edition of UMEX and SimTEX 2022 exhibitions, which concluded on Wednesday at Abu Dhabi National Exhibition Centre. This was the largest edition of this event in terms of exhibition area and exhibitors,...
  • UAE signs deals worth $263m on Day 2 of UMEX & SimTEX 2022

    UAE’s Ministry of Defense said on Tuesday that it signed three new deals worth AED966.25 million ($263 million) on the second day of the 5th edition of UMEX & SimTEX 2022. On the second day, the event witnessed wide-scale participation of major companies specializing in unmanned systems, training, and simulation...
  • Dubai records biggest real estate deals worth $41bn in 12 years

    During the course of last year, Dubai real estate saw a momentous growth, resulting in deals worth close to $41.1 billion, the highest value since 2009.
  • KSA and Oman draw closer, sign deals worth $30bn

    Saudi Arabia signed deals with Oman valued at $30 billion, state media said Tuesday, as Crown Prince Mohammed bin Salman began a tour of Gulf Arab countries, including former rival Qatar.
  • Dubai Airshow: UAE MoD signs deals worth AED 5bn

    The first deal was signed with Airbus Defence and Space S.A.U., a Spanish company, to purchase refueling aircraft for the Air Force and Air Defense Command.
  • London draws buyers from Middle East with hot property deals as fear of Covid eases

    Buyers from Middle East have been scouting London for property deals in prime central London, with sales in the first eight months of 2021 surpassing those for the whole of 2020.
  • Dubai property sales hit four-year high in August

    The figures indicate that the property market, particularly the residential market, is recovering after hitting a low at the start of the pandemic last year.
  • ADNOC signs $1bn deals with eight global contractors

    Agreements have been signed for concept and front-end engineering design.
  • $24bn deals signed at Fifth China-Arab States Expo

    Eight Chinese provinces and cities, including Beijing, Tianjin, Zhejiang, Henan, and Guangdong, have signed 12 investment projects with Arab countries and other countries along the Belt and Road routes, with a total investment of 7.43 billion yuan. Three policy reports covering economic and trade relations between China and Arab States...
  • Kuwait records realty deals worth $1.3 billion in June

    Al Ahmadi Governorate accounted for 67.7 percent of the 1,271 deals, followed by Hawalli and Jahra governorates.
  • UAE and Israel to sign more cooperation deals

    The two countries normalized ties last year Israeli foreign minister calls new consulate a 'center of cooperation' The United Arab Emirates and Israel are going to sign more cooperation deals in the future, according to the visiting Israeli foreign minister Yasir Lapid, who is in the UAE on a landmark...