Damascus, Syria -- Syria signed a $800 million deal with UAE-based company DP World on Sunday to develop the port...
Geneva, Switzerland - The purchase of physical assets was eclipsed last year by a surge in investment in intangible items...
Riyadh, Saudi Arabia - In a step towards bolstering Saudi Arabia's renewable energy initiatives, the Saudi Power Procurement Company (SPPC)...These projects are part of Round 4 of the National Renewable Energy Program (NREP), which aligns with Vision 2030's goals of optimizing the energy mix.
The first agreement comprises Masdar as the Managing Member, EDF Renouvelables as the Technical Member, and Nesma Company Ltd as the Consortium member.
ABU DHABI, UAE - A recent report revealed that 29 initial public offerings (IPOs) were recorded in the Middle East...The report indicated that the MENA region witnessed six IPOs during the third quarter of this year with proceeds of US$523 million.
The report described plans to list shares for IPO in the fourth quarter of 2023 and early 2024 as still promising.
Taif, Saudi Arabia -- Several investment contracts for projects in Taif Governorate, worth over SAR11 billion ($2.93 billion), have been...The contracts stipulate, among others, the establishment of the first phase of the space science fiction city Mars War, at a value of SAR 5 billion.
Also included is the establishment of an emergency information center, together with China Mobile company, at a value of SAR2 billion.
GENEVA, SWITZERLAND - Global patenting activity soared to new records in 2022, fueled by Indian and Chinese innovators, but an...China, the US, Japan, Republic of Korea and Germany were the countries with the highest numbers of patent filings in 2022.
innovators from around the world submitted 3.46 million patent applications in 2022, marking a third consecutive year of growth.
Abu Dhabi, UAE -- AD Ports Group (ADPORTS) has purchased 10 offshore vessels for $200 million that will bolster offshore...The investment in the diversified fleet with an average age of around nine years is significantly less than the industry average.
All ten vessels are expected to be delivered in Q4 2023, with financial consolidation taking place from Q1 2024 onwards.
The firm recently launched steps to optimize its cost structure.In the third quarter, nitrogen prices reflected tighter market balances due to record low inventory levels.
In the medium to longer term, the nitrogen outlook is favorable, with limited supply additions over the next several years.
- The oil giant posted a 23% drop in profits for Q3 to US$32.58bn.
The drop from $42.43 billion last year to $32.58 billion "principally reflects the impact of lower crude oil prices and volumes sold", the firm said
It follows a drop in net profit for Aramco, one of the world's richest companies, of 19.25 percent in the first quarter and 38 percent in the second quarter compared to 2022
- Last year, the bank took over its Swiss rival Credit Suisse.
Switzerland's largest bank UBS was in March strong-armed by Swiss authorities into a $3.25-billion takeover of Credit Suisse, to keep its closest domestic rival from going under
UBS said that the third quarter included integration-related expenses of $2 billion, adding that "we have now stabilized Credit Suisse and continued to grow our franchise"
- Riyadh, Saudi Arabia -- More than 70,000 transactions worth SAR 56 billion ($14.92 billion) have been conducted on Saudi Arabia's...
The traded real estate areas amounted to about 550 million square meters (sqm), Argaam reported. Real Estate Market provides its services around the clock.
Launched two months ago, It allows easy buying and selling of properties, in addition to helping beneficiaries to leverage mortgage services electronically.
Manama, Bahrain - Batelco, part of the Beyon Group, announces its latest service “Mobile Peering” for members of the platform....The many benefits of this service include enhanced network efficiency and reduced latency by establishing direct connections between mobile providers
Exchanging mobile traffic directly with other mobile networks results in a better roaming experience for the mobile operators’ end users
