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ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Aramco-Horse Powertrain deal completed

An agreement for the purchase of 10% equity stake was signed in June 2024.

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

Is AI front and center in the future of Aviation?

AI will play a key role in aviation but aircraft manufacturing troubles are casting darker shadows over profitability post-COVID-19. The...

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GCC in the crossfire amid growing US-China tech war

Amid ongoing US-China technological rivalry, Gulf countries face crucial choices in balancing their economic and technological relations with both superpowers.

GCC in the crossfire amid growing US-China tech war

Amid ongoing US-China technological rivalry, Gulf countries face crucial choices in balancing their economic and technological relations with both superpowers.

KSA offers 30-year tax holiday for global corporations as regional HQ program fuels investment boom

The approaching 1 Jan deadline has seen investments on headquarters hit $242m in the first nine months of 2023 alone,...

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KSA offers 30-year tax holiday for global corporations as regional HQ program fuels investment boom

The approaching 1 Jan deadline has seen investments on headquarters hit $242m in the first nine months of 2023 alone,...
  • In 2023, 46.7 percent of newly established headquarters operate in the Software & IT services sector.
  • The Regional Headquarters (RHQ) Program is an initiative jointly developed by the Ministry of Investment (MISA) and the Royal Commission for Riyadh City.

COP28: Halting global warming, financial aid for vulnerable nations on agenda

Dubai, UAE - The world is turning its attention to Dubai where COP28 gathers some of the world’s top leaders...
  • Climate change is an indiscriminate killer that has not spared a country or village when it comes to global heating or the increasing occurrence of devastating fires and storms
  • Global experts appear to agree that 2023 is likely the hottest year on record, thanks to excessive and unforgiving greenhouse gases in the atmosphere

COP28 faces challenge of phasing out fossil fuels amid policy discrepancies

With nations' actions falling far short of the Paris Agreement's most ambitious target of limiting global warming to 1.5 degrees...
  • For Guterres, who has made fighting climate change a major priority as secretary-general, a simple promise to reduce fossil fuels would not be enough
  • A phase-down "can be whatever, you never know exactly what it means -- to phase out means that at a certain moment, it stops," said UN Secretary General