OPEC Fund grants US$30m loan to Uganda to build key road link
Vienna, Austria--The OPEC Fund for International Development (OFID) has granted a US$30 million loan to support the development of a...
Economy
IHC net profit soars to US$8.9bn
The company's revenue for the year 2023 stood at US$16.33bn.
BahwanCyberTek and TIBCO extend strategic partnership
Partnership, which began in 2016, extended till 2027 BCT will continue to handle TIBCO requirements for all local customers in...
Moody’s and Fitch assign investment-grade credit ratings of Aa2 and AA to ADQ
ADQ, one of the largest holding companies in the region, have been assigned these long-term issuer credit ratings that...
ADNEC launches Tourism 365 to scale up tourism sector in Abu Dhabi
ADNEC is looking to create experiential travel opportunities for tourists coming to Abu Dhabi through a new company called Tourism...
Qatar Airways to fly to Zimbabwe, Zambia
Qatar Airways said with the two new routes, the carrier will operate over 100 weekly flights to 27 destinations...
Kennedys open Oman office to meet client demand in Middle East
Opening marks firm's second Middle East location after Dubai and makes it the only international insurance-focused law firm in the...
Israel-based i24News channel to open Dubai office
Two major Emirati telecom operators, Etisalat and DU, would carry content from i24News, which broadcasts in Arabic, English and French...
KLM to fly to 7 destinations in Middle East
KLM will fly to seven destinations in Middle East in the summer 2021 – the same number as in 2019....
Halliburton wins key Kuwait Oil Company contract
Projects expand collaboration across all Kuwait fields to increase production and recovery The US group will collaborate with KOC...
Sharjah explores new avenues of cooperation with Guatemala
The focus of the discussions was particularly on renewable energy, culture, and tourism They also explored the opportunities available...
Saudi Arabia and Indonesia set up a task force to look at investment opportunities
Indonesia invited Saudi Arabia to invest in Bank Sharia Indonesia, the nation's largest sharia compliant bank It could also...
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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
OPEC Fund grants US$30m loan to Uganda to build key road link
Vienna, Austria--The OPEC Fund for International Development (OFID) has granted a US$30 million loan to support the development of a...
Economy
Company News
Latest News
Gulf Bank to up paid-up capital
Business
Gulf Navigation posts profit
Its net profit rose to US$9.53m in the first nine months of 2023.
Business
Egypt sells MENA’s first ‘sustainable panda bonds’ in US$500m issue
Cairo, Egypt--Egypt has issued the first sustainable Panda bonds in the Middle East and North Africa worth $500 million with...
Business
Global CEOs rank political uncertainty as biggest risk to business
Dubai, UAE-- CEOs from around the world consider geopolitics and political uncertainty as the greatest risk to the growth of...
Economy
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Geostrategy
Iran president warns of escalation in war in Palestine
Tehran, Iran-- President of Iran, Ebrahim Raisi, has warned of an escalation in the war in Palestine if in his...
- The Iranian president said the situation can become more complicated and the battle will broaden if Israel's crimes are not ceased
- Nearly 2,269 people, including over 700 Palestinian children, have been killed so far and 9,814 others injured in Israel's bombing
Economy
GCC states post 7.3 percent GDP growth in 2022: Albudaiwi
Marrakech, Morocco-- In spite of economic disruptions, policymakers in the GCC countries have successfully alleviated the economic ramifications of the...
- The secretary general was speaking at the Arab governors' meeting with the President of the World Bank Group, Ajay Banga, in Morocco
- He warned that economic challenges present a risk to the mutual objective of a poverty-free world characterised by sustainable development
Geostrategy
MSNBC takes top three Muslim presenters off air
Dubai, UAE--American cable channel MSNBC has quietly taken three prominent Muslim journalists “out of the anchor’s chair” since the onset...
- MSNBC quietly took Mehdi Hasan, Ayman Mohyeldin, and Ali Velshi “out of the anchor’s chair” after the war broke out on October 7
- The channel did not broadcast its scheduled Thursday night episode of The Mehdi Hasan Show on the streaming platform Peacock