Business - TRENDS MENA

Israel's surprise strike against Iranian military and nuclear sites on Friday -- killing top commanders and scientists -- sent crude prices...

SAFCO Group is a food and beverage distributor in the UAE.
Last year, Silal, in collaboration with Hoogendoorn, one of the world’s innovators in horticulture, launched the Digital Agronomy Service.
The Service saw deployment of IoT sensors in 100 farms over the course of 2022.
Abu Dhabi, UAE – Zest Equity, a venture-backed technology company offering digital infrastructure for private market transactions, has closed a...
The Hub71 startup will use these funds to drive the company's ambition to expand its product offering in the MENA region
Zest Equity has raised a total of $5.7 million with early backers including DFDF, 500 Sanabil, Nuwa Capital, and a significant group of regional angel investors
Doha, Qatar - Qatar has agreed to supply France's TotalEnergies with natural gas for 27 years, its state energy company announced on...
Qatar will supply 3.5 million tonnes of gas a year under the deal, QatarEnergy said, following two agreements with Total
Total signed a $1.5 billion deal with QatarEnergy in September last year giving it a 9.3 percent stake in Qatar's North Field South project
New York, United States - Mubadala Capital, the investment arm of Abu Dhabi’s sovereign wealth fund, plans to invest more...
The firm’s second fund in the country, Brazil Special Opportunities Fund II (BSOF II), has raised over $710 million in commitments
Mubadala Capital was the first sovereign wealth fund to manage capital on behalf of third-party institutional investors
The company expects Q3 profits to fall nearly 80% to US$1.8bn.
The company said in a statement that its operating profits for the July-September period will fall 77.9 percent to $1.8 billion
Led by Samsung, South Korean chipmakers have enjoyed record profits in recent years as prices for their products soared
RIYADH, SAUDI ARABIA - The first wind turbines have arrived at what Saudi officials bill as the world's biggest green hydrogen...
Around 30 turbines are expected to be delivered by the end of the year along with the project's first solar panels.
The $8.4 billion NEOM green hydrogen plant is expected to reach full production by the end of 2026.
The firm will drive strategic investments and partnerships
The company will focus on developing local supply chain capabilities for the automotive and mobility industry in Saudi Arabia.
PIF has invested in the future of mobility, including establishing Saudi Arabia’s first national electric vehicle brand, Ceer, in partnership with Foxconn.
Beijing said Tuesday the value of signed construction contracts with partners now totaled two trillion dollars -- roughly the size...
China is hailing this month the 10th anniversary of its Belt and Road Initiative (BRI), which has seen Beijing pour a trillion dollars into projects globally
Beijing's Silk Road Fund, established to help fund BRI projects, has "signed agreements on 75 projects with committed investment of about $22 billion"
"Equity markets are bouncing back on Tuesday after a risk-averse start to the week, buoyed... by some promising Fed commentary,"...
Europe's main stock markets jumped more than 1.5 percent approaching the half-way stage, and after a largely upbeat session in Asia and overnight on Wall Street
Oil prices dropped, having soared Monday after Hamas launched a deadly attack on Israel, stoking fear of spreading unrest in the crude-rich Middle East
The company's H1 revenue increased by 13% to $1.4 billion.
Since listing on Abu Dhabi Securities Exchange, and including this latest interim dividend payment, the Company will have distributed $1.36 billion to shareholders.
The interim dividend distribution will be on or around October 27, 2023, to all shareholders of record as of October 19, 2023.