BCI’s subsidiary secures US$100m loan from SIDF
RIYADH, SAUDI ARABIA - Basic Chemical Industries Co.'s (BCI) subsidiary Chemical Marketing and Distribution Co. Ltd. secured a loan from the Saudi...Business Banking & Finance
Fintech leads MENA startup boom with historic funding
Startups in the MENA region secured a staggering $764 million in funding in November 2023, demonstrating the region's growing influence...Business
Saudi tourism fund adopts cloud computing to help investors
Tourism Development Fund, which was set up in June, says use of Oracle Cloud applications will enhance data integration, increase...
$350m Murabaha financing for Pakistan concludes
Twelve banks from the region fully subscribed the transaction in which Ajman Bank also acted as investment agent.
One of world’s largest carpet factories coming up in Dubai
The solar-powered facility will enable Standard Carpets to increase production capacity by 40 percent and produce and additional 400 tons...
Automotive plastic sales to cross $9.5bn this year
Increasing demand for commercial and passenger vehicles and flourishing automotive export industry are primary factors propelling the market growth, according...
Tesla quarterly profits top $1 billion for first time
Record deliveries of electric cars during the period allowed Elon Musk's company to garner earnings of $1.1 billion in the...
Jordan to set up phosphate washing plant costing $85 million
JPMC recently set a new record for exports totaling 554,762 tons in June, the highest since the opening of the...
ADIO signs new partnership deals under $545m Innovation Program
The Abu Dhabi Investment Office (ADIO) will provide technology companies Callsign, Lyve and RIZEK financial and non-financial incentives, including rebates...
Aldrees to expand into Egypt, plans to set up 60 fuel stations
The company owns nearly 600 fuel stations in Saudi Arabia, and it is now looking to expand beyond the kingdom...
Fewer foreign workers leave Saudi job market in Q1 2021
The highest (237,000) number of foreigners left their jobs between the second and third quarters of 2020
Beneficial Owner data: Dubai Economy to fine violators
Beneficial Owner refers to individuals and entities that benefit from owning a registered business in UAE. Data required include  nationality,...
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