- STV is aiming to raise at least $1 billion for its second Middle East technology investment fund, making it potentially...
The people chose to remain anonymous as the details of the fund remain private
IPOs in the region have also recently taken prominence with Adnoc Drilling coming to the market as the largest IPO on the Abu Dhabi stock market
- The shareholders will get dividends for the period ending June 30.
Banan Real Estate Company focuses on the investment and development of commercial, hospitality, and residential real estate.
The dividends will be distributed automatically by depositing in the investment accounts linked to the shareholders’ portfolios.
- The two companies will set up EV battery joint venture
The two companies will set up a "joint production body" in the United States to produce EV battery cells and modules
With the deal, Stellantis has "secured production capacity" to realise its goal to have electric vehicles make up 40 percent of its US sales
- The oil price rise is expected to raise the economic growth of Saudi Arabia and the UAE. The kingdom is...
Qatar Stock Exchange upwardly revised 0.1 percent on Thursday, aided by a 3.5 percent increase in Nakilat shares.
Egyptian Stock Exchange ended its sessions on Oct. 20 with a collective decline of indices for the second consecutive session.
- Non-resident foreign investors can obtain a virtual license for doing business in Abu Dhabi from any location outside the UAE...
Investors can obtain the license from any location outside the UAE and without having to meet residence procedures.
The license covers 13 economic sectors on top of the strategic sectors targeted by the Abu Dhabi government to attract Foreign Direct Investment.
- Dubai Electricity and Water Authority (DEWA) signed a slew of MoUs with local and international companies at the ongoing GITEX...
The MoU with Etisalat is aimed at speeding up the digital transformation using Etisalat’s MobileHub platform.
Digital DEWA subsidiary sInfraX has partnered with WoM Technologies for its planned rollout of the first-ever Low Power Wide Area Network wireless Internet of Things.
- Turkey's central bank cut interest rates for the second successive month on Thursday in what economists interpreted as confirmation of...
The central bank has blamed rising inflation on "transitory" factors that will dissipate with time.
The lira extended its fall into record-low territory against the dollar and euro after the announcement.
- ACWA Power has said it plans to end investment in non-renewable projects in its endeavor to reach net zero by...
ACWA holds a one-third stake in the massive $5 billion Neom futuristic city project, which will be powered entirely by solar and wind.
The company, 44 percent owned by PIF, will be "very selective" about the type of gas-powered plants, says CEO





















