Toyota’s Daihatsu suspends all domestic production
The company said it had been manipulating safety tests since at least 1989, affecting 64 models, including some sold under...Business
KPMG’s global revenue touches $36bn
The company has outlined a collective investment of $4.2b.Company News Business
Shuaa Capital of UAE to hand over $2.7bn London property projects at year’s end
Shuaa Capital, the United Arab Emirates (UAE) based company, has said that it intends to fully complete and deliver the...Shuaa Capital, which has $14 billion in assets under management, said in a statement  to the Dubai Financial Market where its stock trades, that Northacre is currently focused on c
Following its merger with Abu Dhabi Financial Group (ADFG) in 2019, Shuaa Capital has expanded its real estate business
EZDubai starts four projects
It already has 1.3 million sq ft developed and handed over.EZDubai was launched in January 2019 by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum
The 9,902,700 square-feet purpose-built ecommerce hub is designed to attract ecommerce companies
Kuwait Fund’s $3.6bn development works earns it gratitude of Egyptian PM
Noting the wide contributions of the Kuwait Fund for Arab Economic Development (KFAED) to his country, the Prime Minister of...The Kuwait Fund was financing $3.6 billion worth of projects in health, transportation, agriculture, electricity, oil, and water
Al-Ghanim will attend inauguration of Bahr Al-Baqar water treatment station
42 foreign tech firms have opened office in Kuwait
The Kuwait Direct Investment Promotion Authority has taken steps that have led to several foreign technological firms opening offices in...Technology is said to be a kay part of the 2035 New Kuwait vision
KDIPA is the government’s arm responsible for promotion for foreign companies
Oman discusses green energy with Belgium
Oman already has a roadmap ready for a green economy, one which it discussed with the UNEP earlier this month.The meeting reviewed aspects of joint cooperation between the two countries and means of enhancing them
The two sides also touched upon means of completing the agreements that boost partnership
ADNOC Drilling IPO raises $1.1bn
The UAE's state oil giant will be listed on ADX on October 3.ADNOC said the offering was oversubscribed 31 times, with significant demand from UAE Retail Investors and Qualified Institutional Investors.
Upon listing on the ADX, ADNOC will continue to own a majority 84 percent stake in the Company.
PIF acquires 25 percent stake in EEC
Under the deal, EEC transferred part of its loan to PIF in exchange for company shares.Under the deal, EEC transferred part of its loan - worth $755 million- from the Ministry of Finance to the PIF in exchange for company shares.
PIF believes that the transaction will also accelerate the development of EEC by establishing King Abdullah Economic City.
Turkey to buy more defense systems from Russia
Turkey still intends to buy a second batch of S-400 missile defense systems from Russia, its president has said.The United States imposed sanctions on Turkey's Defense Industry Directorate and its chief following the acquisition of the first S-400s
Washington has repeatedly said acquisition of this second batch would almost certainly trigger new sanctions
Sharjah, Saudi Arabia discuss real-estate investment
The discussions took place between the Sharjah Chamber of Commerce and Industry and the National Real Estate Committee of the...The meeting witnessed recommendations that centered on coordination to organize a joint real-estate event during ACRES 2022
The two parties also discussed prospects for cooperation and bilateral partnerships in various fields in the real-estate sector
Iraqi Kurdistan seeks to attract Turkish investors as gateway to wider markets
DUBAI: Iraq's Kurdistan is a gateway for Turkish firms to explore the wider Iraqi market, President Nechirvan Barzani said as...The semi-autonomous region is a gateway for Turkish firms to explore the wider Iraqi market, says president Nechirvan Barzani.
Iraq is among Turkey's largest markets for exports, which reached $1.9 billion in 2020.
