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SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

Riyadh, Dubai compete for business of news

Prominent media houses that have announced plans to move their base from Dubai to Riyadh include the state-owned Al Arabiya...

History created: ADX market capitalization crosses US$300 billion

The UAE’s booming economy and the gradual opening up of the world markets helped Abu Dhabi Securities Exchange’s market capitalization...

Semiconductor shortage slows down GCC auto sector

Auto exports to the region are likely to suffer for the next more than a year due to an estimated...

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GCC equity markets shine in H1 2021

The growth was spurred by abundant liquidity created by easing monetary and fiscal policies besides a rebound in oil prices.

‘Cyber pandemic’ grips UAE, Saudi Arabia

The Covid-19 pandemic has acted as a force multiplier for existing cyber threats while giving birth to a whole new...

Why Golden Residency is not a privilege

Global economic transformation has pushed governments to implement various programs and reform investment rules to make them more flexible to...

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UAE outsmarts competitors in luring foreign investors

The UAE government's recent decision to slash the fee to set up a business by 94% to US$272 is expected...
  • The UAE Government has slashed the fees for setting up a business by about 94% to only US$272 (AED 1,000)
  • In A T Kearny’s FDI Confidence Index 2021, the UAE gained four places – from 19th rank in 2020 to 15th rank in 2021

GCC region’s cloud seeding experiments a boon or bane?

UAE is among the first countries in the Middle East to use cloud seeding technology for a project whose trials...
  • UAE is among the first countries in the Middle East to use cloud seeding technology for a project whose trials started in late 1990s
  • A large-scale desalination plant producing about 100,000 cubic metres of water per day costs US$100m

ADX is the least expensive equity market in MENA

ADX has plans to get at least 10 companies as well as additional services such as derivatives trading by the...
  • ADX has plans to get at least 10 companies as well as additional services such as derivatives trading by the end of 2021
  • The cost of execution includes several components and depends on the exchange