We’re witnessing a period of dramatic adjustment in international trade, as tariffs and geopolitical tensions disrupt or reorient supply chains....
- Dubai, UAE -- The first half of 2025 saw the completion of 24 real estate projects valued at AED 4.5...
DOHA, QATAR - The Ministry of Labor (MoL) launched the "Istamer" digital platform, which deals with employing Qatari retirees wishing...The platform’s purpose is to aid retired persons keen on re-entering the workforce find jobs in private institutions aligned with their expertize.
The platform streamlines the entire recruitment process, from application submission to interviews and final job offers, which is all conducted online.
ABU DHABI, UAE - ADNOC and Abu Dhabi National Energy Company (TAQA) have completed the financial closing of their $2.2...A consortium comprising Orascom Construction and Metito (the Consortium) will construct a centralized world-class seawater treatment facility.
ADNOC and TAQA own a joint 51 percent majority stake (25.5 percent each), the Consortium owning the remaining 49 percent stake in the project company.
The Public Investment Fund is a related party to the contracts.The contracts pertain to development of the main infrastructure networks and bridges for the Qiddiya project.
The contracts also include the design, construction, testing and commissioning of a sewage treatment plant.
The firm, PT Multitrend Indo, was listed on the Indonesian stock exchange.This is Investcorp's first IPO on the Indonesian stock exchange and the 26th IPO in the Firm's 40-year history.
Investcorp currently has five offices spread across Asia with over US$1.2 billion invested in 40 portfolio companies.
Evergrande's enormous debt has contributed to the country's deepening property market crisis, raising fears of a global spillover. The property...The company collapsed more than 25 percent by the break, underscoring market concerns as China's property sector faces an unprecedented crisis
On Sunday evening, Evergrande announced that it was unable to issue new debt as its subsidiary, Hengda Real Estate Group, "is being investigated"
With this deal, Alpha Dhabi marks entry into water and wastewater domain.The acquisition sees Alpha Dhabi purchasing the majority stake from selling shareholders Mitsubishi Corporation, Mitsubishi Heavy Industries, and Gulf Capital.
The Ghandour family, Metito's founding shareholders, will retain their leadership roles.
- Its investment will heat up the race for dominance in AI.
As part of the deal, Anthropic will use Amazon's chips and its cloud services -- the data cen that store and process data on a vast scale -- for "mission critical workloads"
The deal intensifies competition between Amazon and Google, which had earlier opened its cloud services to Anthropic and invested $300 million to acquire 10 percent of the company
The EU trade commissioner is in China to press the bloc's case that it is not seeking an economic decoupling..."European companies are concerned with China's direction of travel," the EU trade commissioner said
He pointed to a new foreign relations law and a recent update to China's anti-espionage laws as being of "great concern"
- The 2023 IMD World Competitiveness Ranking placed the UAE among the world's 10 most competitive economies.
Gulf Cooperation Council economies are the most competitive in the Middle East region, according to the latest IMD World Competitiveness Ranking.
In the 2023 IMD World Competitiveness Ranking, the top three economies are Denmark, Ireland and Switzerland, while the US ranks seventh.
Dubai, UAE -- Future100, a collaborative initiative between the Ministry of Economy and the Government Development and the Future Office,...The partnerships are aimed at supporting the top 100 emerging companies that play a vital role in bolstering the competitiveness of the UAE’s future economy sectors.
The inaugural list of Future100 will be unveiled on World Futures Day, which coincides with December 2nd, the UAE's National Day.
