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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.

DAE to acquire Nordic Aviation Capital

The terms of the transaction have not been disclosed.

  • Saudi Arabia eyes investment opportunities from Germany

    The Saudi Vision 2030 has unlocked investment opportunities worth SAR12 trillion (€2.7 trillion or $3.2 trillion).

    Germany is a key trade and investment partner for Saudi Arabia

    It was the fourth-largest source of imports to the kingdom in 2020

  • DGCX, Zimbabwe exchange ink pact

    DGCX will extend technical support and skills to VFEX.

    The aim of the agreement is to establish an international commodities exchange in Zimbabwe.

    The one-year agreement was signed during the visit of a high-level Zimbabwean ministerial delegation.

  • Dubai Chamber members’ exports, re-exports reach $40 bn

    Surge in trade activity in Dubai has lifted the value of exports, re-exports.

    58,154 certificates of origin issued by Dubai Chamber in August 2021.

    Outside of the GCC, Egypt was the largest export market as member exports to the country.

  • Tehran to issue 20 million more Justice Shares

    Issued during the rule of former president Mahmoud Ahmadinejad in 2006, the Justice Shares were intended to assist economic privatization...

    The value of the portfolios of shareholders, which are estimated to be 49 million, has grown nearly ten times.

    The number of state-owned enterprises that were supposed to be privatized under the justice share program is now 49, valued at $21.8 billion.

  • Disney to debut rest of 2021 films in cinemas first

    The decision was eagerly awaited by traditional cinemas after the entertainment giant recently chose to release a series of big...

    The decision was eagerly awaited by traditional cinemas after the entertainment giant recently chose to release a series of big productions such as "Black Widow", "Jungle Cruise"

    The animated film "Encanto" will be released on the big screen on November 24 and will not appear on Disney's on-demand video platform until December 24

  • WhatsApp users may encrypt backups

    FB was recently accused of breaching WhatsApp users’ privacy.

    Mark Zuckerberg has announced that WhatsApp will let users encrypt chats they choose to back up

    The facility will be available for users of devices that can run Apple’s iOS and Google’s Android

  • MarsRise to colonize Mars by becoming the next MoonShot

    MarsRise is a deflationary token found on the Binance Smart Chain, which comes with an automatic liquidity pool growth, and...

    MarsRise is a deflationary token found on the Binance Smart Chain, which comes with automatic liquidity pool growth, and therefore the holder rewards through transaction taxation

    It has automated Liquidity and its Strategic Buyback is distributed to the locked liquidity on every transaction, making MarsRise one of the best in this game

  • Saudi, UAE lead MENA region in 5G deployment

    The MENA region will have 80 million 5G subscriptions, representing about 10% of total mobile subscriptions by 2025, according to...

    The total number of Saudi Governorates covered by 5G coverage increased to 53 in Q1 2021

    The UAE ranks third internationally among countries with the fastest data download speeds in 5G networks, according to an analysis by “Opensignal”

  • Apple ordered to loosen app payment system

    Epic had launched the case to break Apple's grip on App Store.

    The order says Apple is permanently barred from prohibiting developers from including in their apps "external links or other calls to action that direct customers to purchasing mec

    The case aims to break Apple's grip on the App Store, and the ruling could have far-reaching consequences across the digital economy

  • Jordan’s gaming app Jawaker sold for $205m to Stillfront Group

    The popular Jordanian online card game studio, Jawaker, was bought by global gaming company Stillfront Group in a $205 million...

    The game studio operates a hub with more than 30 products, and over 50% of Jawaker’s users play two or more games every week using the app

    The buyout allows Stillfront Group to strengthen their foothold in the MENA region