Business - TRENDS MENA

Abu Dhabi, UAE -- ADNOC Gas announced Tuesday it has made a final investment decision on the first phase of...

The value of the deal is expected between $3.2 billion to $4.1 billion.
Financial details of the sale were not disclosed, though at current list prices the deal would be worth $3.2 to $4.1 billion
Airbus says the more fuel-efficient versions of the single-aisle A320 planes are the best sellers in the industry
PARIS, FRANCE - Europe must invest more quickly and massively in its energy transition if it wants to remain a global...
Europe must invest more quickly in its energy transition if it wants to remain a global industrial power, top policymakers said.
Private sector investment faces barriers including policy uncertainty, bureaucratic red tape and higher energy costs, they said.
Riyadh, Saudi Arabia -- Assets held by the Saudi Central Bank (SAMA) declined by SAR 24 billion ($6.39 billion) month-on-month...
When compared to August 2022, SAMA’s assets fell by around SAR 229.2 billion, according to data released by SAMA, Argaam reported.
SAMA’s investments in foreign securities, which represent nearly 56 percent of its total assets, shrank by 12 percent year-on-year (YoY) to around SAR 986.2 billion last month.
RIYADH, SAUDI ARABIA - Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed AlBudaiwi said that preliminary free trade agreement...
The agreement was signed by GCC Secretary-General Jasem Mohamed AlBudaiwi and Pakistani Commerce Minister Dr. Gohar Ejaz.
The Secretary-General stressed that the GCC countries are proceeding with free-trade negotiations with other countries.
SIATT is Brazilian smart weapons and high-tech systems specialist.
The acquisition follows a cooperation agreement signed by both companies in Rio de Janeiro in April this year.
SIATT specialises in the integration of systems with high technological content, which provides solutions to the demands of the defense and aerospace sectors.
Sao Paulo, Brazil - The UAE’s EDGE Group, one of the leading advanced technology and defence groups, has announced the...
Founded in 2015, and based in the city of São José dos Campos, SIATT specializes in the integration of systems with high technological content
SIATT’s product portfolio includes intelligent weapons such as missiles and guided munitions, and their integration onto aircraft, naval vessels, tanks and other land vehicles
“As the UAE gears up to host COP28, it's crucial to involve all partners in hastening climate action, both locally...
UAE Minister of Climate Change and Environment, Mariam bint Mohammed Almheiri, emphasizes the importance of integrating sustainability into business operations
At the 12th NDCA, Minister Almheiri urges businesses to mainstream sustainability and highlights the pivotal role of carbon registries in achieving Net Zero by 2050
Dubai, UAE - Chinese luxury electric vehicle manufacturer Zeekr, a subsidiary of Geely, is set to make its debut in...
Zeekr's expansion will begin in four Middle Eastern countries: Saudi Arabia, the United Arab Emirates, Qatar, and Bahrain
Chen Yu, a Vice President at Zeekr, expressed the brand's intention to adopt a competitive pricing strategy targeting traditional premium car brands like BMW and Aud
Riyadh, Saudi Arabia -- Saudi Arabia aims to become a global player in manufacturing electric vehicles (EVs) and related products,...
“The EV industry is one of 12 strategic industrial sectors covered by the National Industrial Strategy to boost the growth of industry across the Kingdom,” the minister added
Lucid Group’s choice of Saudi Arabia as the headquarters of its plant in the Middle East reflects the importance of kingdom’s unique geographical location, he added
ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) and the Central Bank of Egypt (CBE) on Thursday...
The CBUAE is keen to deepen its cooperation with the CBE to positively impact the trade and investment, said the Governor of UAE’s central bank.
This step will bolster cooperation between the financial sectors in both the currencies, said the Governor of Egypt’s central bank.