Its sales jumped 6% to US$27.2bn in half-year results.

With this deal, the value of the firm has tripled in 10 months.

Houthi military spokesperson Yahya Sarea said last week that the movement's armed forces had targeted an American merchant ship named KOI with "several appropriate naval missiles". The ship, he said, had been heading to "the ports of occupied Palestine", a phrase which is sometimes used to mean Israel.

The Japanese firm will lease a warehouse in the free zone.

Manama, UAE--The Bahrain Institute of Banking and Finance (BIBF) has partnered with UpGradelle, a leading French-based consultancy firm, to develop capabilities in the field of digital transformation. The agreement was signed during the visit of Eric Giraud-Telme, the Ambassador of France, who serves to strengthen education and training ties between...

PIF, SEC JV's brand name for EV infrastructure is EVIQ.

The aim is to advance insurance services in the Kingdom.

Move aligns with EIH's aim to diversify sources of investment.

The German firm will hold "open-ended" talks with ADNOC.

The cost of the acquisition has not been specified.

MENA is an important market for Verition.

DIFC provides a platform for AB to expand its wings.

Investcorp buys majority stake in SEC Newgate for $100m.

The acquisition is expected to complete by early 2024.

ABU DHABI, UAE -  Abu Dhabi Future Energy Company (Masdar) has announced that it has nearly doubled its clean energy capacity and CO2 displacement in just two years. Masdar said that it is on track to fulfill its ambition of becoming one of the world’s largest renewable energy companies by...

LSG Group is to be sold to private equity group Aurelius.

The profit in year 2022 is 4.4 percent lower than in 2021.

Twitter's British landlord said it is taking the social media to court for not paying rent on its London offices. The Crown Estate, a firm that manages land and property belonging to the British monarchy, said it has launched legal action at the High Court for rental arrears on an...

It will be Qatar's first firm to use book building for IPO.

The firm must stand trial to face US$12 billion damages claim

The US biopharma firm will pay US$28 billion for the deal.

Venture would start with two aircraft and expand to 15.

TRIPOLI, LIBYA - Libya's state energy firm urged its foreign oil and gas partners to resume exploration and production Tuesday assuring them security had begun to improve dramatically after clashes earlier this year. Rival administrations in east and west have vied for power since March, in a standoff that has...

The bank income in Q3 fell by 10 percent to $8.2billion.

The Saudi tech firm has set the price at $19 per share.

Saudi Arabia's Public Investment Company (PIF) has established a new company in Egypt to drive investment in the north African country. The company will look to take advantage of economic growth in the region within sectors seen as 'promising.'

The firm was established by ADQ and Chimera Investment.

Algeria's state energy firm is ready to supply Europe with more gas in view of a possible decline due to the Russian invasion of Ukraine, its CEO said Sunday.

Tirza, a former Israeli army colonel, says his company Yozmot Ltd aims to produce a body-worn camera enabling police to scan crowds and detect suspects in real time.

Block is building a system to mine bitcoin.

The Red Sea Development Company (TRSDC) of Saudi Arabia has partnered with an Austrian biotechnology firm, Blue Planet Ecosystems (BPE), to produce seafood, and to conduct algae production in a desert environment.

Mace, the global construction company, will be working on a big lifestyle destination project in Riyadh, its developer Majid Al-Futtaim said.

Investcorp, a Bahrain-based alternative investment management firm, and global private investor Riverside Co. have sold Arrowhead Engineered Products (AEP) to Genstar, a private equity firm.

  Bahrain’s biggest telecommunications firm has hired the investment arm of Samba Tadawul has been trying to encourage Middle Eastern firms to dual list for years, without success   Although the final decision has not been yet taken about the listing of the company on Tadawul, but if it gets...