Imane Ayissi brings African tradition to Paris couture
PARIS, FRANCE - Imane Ayissi is on a mission to put authentic African textiles in the spotlight but faces an uphill...Business Global
ACRES 2024 concludes, deals worth $381 million inked
Sharjah, UAE -- Real estate deals worth more than AED 1.4 billion ($381 million) were inked at ACRES 2024, organized...Business
Dubai to get new arbitration court
The court will be part of a new arbitration body formed by Dubai’s ruler, and have 13 members with non-renewable...Dubai ruler Sheikh Mohammed has issued a decree that will merge two entities to create the Dubai International Arbitration Center
The DIAC, in turn, will establish a new arbitration court for Dubai, consisting of 13 members, including its president and vice-president
Saudi Arabia, South Africa to boost pandemic-hit trade
Saudi Arabia and South Africa are looking to boost trade after a year of slump that saw imports from the...South Africa imports approximately 40 percent of its oil from Saudi Arabia, according to the EIA
Far fewer goods went the other way, with Saudi Arabia importing $347.8 million from South Africa last year, down from $423.8 million in 2019
Unifonic to focus on profit, IPO, after securing $125m SoftBank funding
Days after securing a $125 million Series B funding from SoftBank, the Saudi startup, Unifonic, says that it wants to...The main criterion is to maximize the company’s profitability and the appropriate market in terms of the quality of the products we offer
Unifonic, which currently has offices in Saudi Arabia, the UAE, Jordan and Pakistan, plans to expand its customer engagement offering into new markets in the Middle East and Africa
Saudi mining law may pave way for ‘incredible’ investment in $1.3trn sector
Saudi Arabia is confident that its new mining law will lure private investment from the kingdom as well as abroad...In January, the Kingdom moved to capitalize on the vast wealth hidden below ground in Saudi Arabia with the establishment of a mining fund
The Saudi Industrial Development Fund is also offering 60 percent loans to investors in a bid to attract global players into the Kingdom
$6bn merger for Ooredoo arm
The merged company will be called PT Indosat Ooredoo Hutchison.PT Indosat, the Indonesian arm of Qatari telecom firm Ooredoo, will be merged with and PT Hutchison 3 Indonesia
H3I is a telecom company owned by Hong Kong-based CK Hutchison Holdings
Adnoc eyes 2GW hydrogen growth
Adnoc has inked deals with British Petroleum and Masdar for this.Under the terms of the agreements, Adnoc, BP, and Masdar will on UK and UAE clean hydrogen hub development
This development will be at an initial scale of 1GW in the UAE and 1GW in the UK
MENA startups raise $1.2 bn in H1
A Dubai-based think-tank has said that as many as 254 start-ups, mostly from the UAE, Saudi Arabia, and Egypt, have...Dubai-based think-tank MAGNiTT said that as many as 254 start-ups, mostly from the UAE, Saudi Arabia and Egypt, have attracted record breaking funding this year
Dubai SME offers funding options and support for including advisory and incubatory services to small and medium enterprises (SMEs), start-ups and established businesses
Messi, Neymar’s club PSG to play in Riyadh Season Cup
PSG boasts a stellar line-up, with the likes of Lionel Messi, Neymar, Kylian Mbappé, and Sergio Ramos taking to the...The tournament will be played in January next year as part of the second edition of Riyadh Season
The event, which celebrates the city, will be held from October 2021 to March 2022
Cloud adoption picks up pace in GCC region
The strong demand for cloud computing in the Gulf region is driven by efforts of the member states to diversify...The UAE leads the region in terms of cloud computing adoption and annual spending.
The MENA region will be worth around $5 billion to cloud suppliers by 2022.
Gulf aviation sector maintains regional lead
Several airports in the region have announced plans to expand their airports to meet the expected growth in travel demand.Experts see up to 40 percent rise in premiums in the next two to three years.
The total number of passengers traveling through DXB in the first five months of 2021 was around 9.9 million.
