Business - TRENDS MENA

ABU DHABI, UAE - The United Arab Emirates, represented by the General Civil Aviation Authority (GCAA), has signed a Memorandum...
This MoU includes an agreement to increase the number of national carrier flights between the two countries to 21 flights per week.
The signing of this MoU followed discussions held in Seoul on October 12 and 13, 2023, with representatives from both countries' aviation sectors.
MARRAKESH, MOROCCO - The CEO of the Saudi Fund for Development (SFD), Sultan bin Abdulrahman Al-Marshad, signed an additional US$20...
The agreement was signed on the sidelines of the 2023 World Bank and International Monetary Fund Annual Meetings in Morocco.
The US$20 million loan agreement aims to finance development projects in CAR, including the establishment of a 250-bed hospital.
The spokesman, who blamed the decision on the "current situation in the Middle East", confirmed information from two passengers who...
Evacuation flights for 950 German nationals in Israel were organized on Thursday and Friday by the German government
These flights were chartered by Lufthansa at the request of the foreign ministry, and flew from Tel Aviv to Frankfurt and Munich
Dubai, UAE - Gold prices surged over 3% on Friday, heading for their most robust weekly performance in seven months,...
Investors closely monitored the intensifying conflict in the Middle East, which has been unsettling markets
Meanwhile, spot silver saw a 4% rise to $22.72 per ounce, marking its first weekly gain in three weeks
Abu Dhabi, UAE - A Smart and Autonomous Vehicles Industries (SAVI) cluster was launched at Masdar City on Friday. It...
SAVI will support innovation and the commercialization of smart and autonomous vehicle technologies in the UAE
The Abu Dhabi Department of Economic Development (ADDED) and Abu Dhabi Investment Office (ADIO) are spearheading the development of SAVI
RIYADH, SAUDI ARABIA - The business sector in the Kingdom reported a 24 percent rise year-on-year (YoY) in operating revenues...
Operating revenues are the cash revenues generated from core or other sub-activities, according to the General Authority for Statistics.
Manufacturing activities recorded nearly US$378 billion revenues, followed by the wholesale and retail trade at US$201 billion.
Dubai, UAE -- A total of 1,659 real estate transactions worth over AED 12.9 billion ($3.51 billion) were conducted during...
The DLD report showed that 297 plots were sold for AED 5.08 billion, while 1,362 apartments and villas were purchased for AED 4.57 billion.
The total value of mortgaged properties for the week reached AED 2.37 billion.
The bank’s revenues rose 22 percent to US$39.9 billion.
One of the biggest factors in bank’s rise in profit was the increased earnings in net interest income (NII).
NII is the gap between what the bank makes in interest in loans to clients compared with interest payments to customers
Samruk-Kazyna is Kazakhstan's $70bn asset sovereign wealth fund.
The joint venture aims to accelerate digital transformation in Kazakhstan.
Presight will deploy its AI and big data analytics solutions and technologies.
Riyadh, Saudi Arabia – A farm in Saudi Arabia has entered the Guinness World Records as the world's largest sustainable...
The farm is one of the extension farms of the rejuvenated water farming research unit of the Bin Heshbal Valley in the Asir Region.
The total area of the farm is 3.2 million square meters, divided into two sections, each with a concrete tank with a capacity of 500 cubic meters.