GCC region’s non-hydrocarbon growth momentum strong: IMF
Riyadh, Saudi Arabia -- The GCC region’s non-hydrocarbon growth momentum remains strong, driven by higher domestic demand, increased gross capital...Business
UAB concludes $200m term loan
Proceeds of the facility will be used for general corporate purposes.Business
Morgan Stanley alum to raise $600 m for clean energy funds
Founded by Ahmad Atwan, VC Fuel intends to raise $100m for debut venture fund and seek $500m for an infrastructure...
Emirates ramps up operations over summer to serve strong travel demand
Airline will operate flights to 124 destinations in July, close to 90% of pre-pandemic network Expands A380 network to 15...
Bananas with GI tag from India shipped to Dubai
20,000 metric tons of Jalgaon Banana, grown in the Maharashtra state of India, exported to Dubai Fibre-rich fruit is grown...
RELEX to service Majid Al Futtaim Carrefour stores
RELEX servicing will be initially rolled out to stores in the UAE and then extended to other areas The partnership...
UAE Central Bank ups overnight rates, hours after US Fed raised interest
Central banks in the GCC mimic the US Fed's moves due to the peg of their currencies to the US...
Egypt’s largest solar plant gets $ 114m financing package
Located less than 20 km from Africa’s biggest solar park, Kom Ombo plant will add 200 MW of energy capacity...
Saudi Crown Prince urges local businessmen to invest in Egypt
About 150 Saudi investors and businessmen ready to invest in Egypt Saudi Arabia has opened an office of the Saudi-Egyptian...
Countingwell launches operations In Middle East and Africa
The app will be initially available in UAE, Kuwait, Oman, Qatar, Saudi Arabia, and Bahrain. Countingwell today serves schools and...
Netix Global BV to curate conference on building automation in September
The launch-cum-conference will be live-streamed in 20 countries and see more than 1000 attendees from across the globe Netix’s Intelligent...
Middle East’s aviation sector may recover to pre-COVID size by 2023
Long-term growth of the Middle East global commercial fleet is forecast to be 4.2% CAGR A survey suggests that MRO...
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains