ADDED launches program to improve SMEs’ access to financial services
Abu Dhabi, UAE -- The Abu Dhabi Department of Economic Development (ADDED) has launched a program to improve the access...
Business
Jeddah Program named cultural destination of FIFA Club World Cup
Riyadh, Saudi Arabia -- The Historic Jeddah Program has secured sponsorship rights as the official cultural destination and main supporter...
Arts & Culture
Oman launches investment residency scheme for foreigners
The residency period is for a renewable period of five or 10 years Low oil demand and pandemic have hit...
More blackouts ahead as Lebanon generators starved of fuel
National run power network is prone to blackouts Officials blame the shortages on stockpiling, smuggling The owners of private generators...
Israelis taste the future with lab-grown chicken ‘food revolution’
Scientists claim lab-grown meat environmentally friendly way to feed the people The process involves cultivating cells taken from a fertilized...
Jeddah Economic City: 90% of road, landscaping work done
The megaproject includes the world's tallest tower The city will have 210 towers that will be over 30 floors high...
Egypt-UK trade up 8 percent to $722m in Q1 2021
Britain third-largest investing country in Egypt after UAE, Saudi Arabia Egyptian food exports to UK surged by 76 percent despite...
Egypt arrests former MP for smuggling antiquities
Copper coins from Greek and Roman periods among artifacts recovered The accused was a member of Hosni Mubarak's now-dissolved party...
Egypt signs non-disclosure deal over canal blockage compensation
*Egypt slashed its initial claim for $900m to $550m *Final deal expected by the middle of next week Egypt has...
Bitcoin fund launches on Dubai bourse in Mideast first
Canadian digital asset manager 3iQ Corp seeks to raise around $200m in the offering Bitcoin price slumped recently due to...
Mishal Al-Hokair to head MENA’s Leisure and Attractions Council
Al-Hokair, a Saudi national, brings new industry insights to the board MENALAC represents the leisure, entertainment and attractions industry in...
New FAO Strategic Framework to drive shift in agri-food systems
20 Programme Priority Areas were identified that are inter-disciplinary, issue-based technical themes Members stress the importance of promoting innovation, digital...
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
ADDED launches program to improve SMEs’ access to financial services
Abu Dhabi, UAE -- The Abu Dhabi Department of Economic Development (ADDED) has launched a program to improve the access...
Business
Company News
Aldar to redevelop two malls
Business
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Bank Albilad H1 profit up 14%
Business
Renewables helped save $520bn fuel costs globally in 2022: Report
In non-OECD countries, just the saving over the lifetime of new capacity additions in 2022 will reduce costs by up...
Geostrategy
Saudi hosts AlUla Desert Blaze, the toughest run in GCC region
AlUla, Saudi Arabia -- AlUla Desert Blaze, a unique running challenge, which kicked off on Saturday and saw participation of nearly 200 male and female...
Arts & Culture
AviLease acquires aircraft leasing platform
The $3.6bn deal will see AviLease acquire a portfolio of 100 aircraft.
Business
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Business
SAMI launches radio systems line
PIF-owned SAMI will be partnering with the Ministry of Defense.
- SAMI CEO Waleed Abdulmajeed Abu Khalid underlined the partnership in strengthening relationships with L3Harris, the world's leading defense company.
- In June, SAMI signed an agreement with Safran Helicopter Engines for engine maintenance and repair.
Business
$202m contract signed for Jeddah project
The contract involves MEP works for Al Muhammadiyah Hospital.
- The contract was signed between Zamil Air Conditioning and Refrigeration Services Co. Ltd. and Al Muhammadiyah Hospital for Healthcare Co.
- Sulaiman Al Habib plans to finance the project from its own resources and Shariah-compliant long-term bank loans.
Business
PIF-backed oil driller ADES International Holding announces IPO
Riyadh, Saudi Arabia -- ADES International Holding, an oil and gas driller backed by Saudi Arabia’s sovereign wealth fund, PIF,...
- The offer will comprise 338.7m shares-- 101.62m by ADES Investment Holding, PIF and Zamil Investment, and 237.10m new shares.
- The price range will be announced September 18 and the final offer price will be announced after a book-building process.