Business - TRENDS MENA

Damascus, Syria -- Syria signed a $800 million deal with UAE-based company DP World on Sunday to develop the port...

ABU DHABI, UAE - Borouge's Chief Operating Officer Dr. Hasan Karam has said the fifth polypropylene unit (PP5) played a...
Demand for products made from polypropylene is set to rise in the coming decades thanks to its versatility and recyclability.
Polypropylene market in Asia, Africa and the Middle East is valued at $10 billion and is predicted to grow by 5.5 percent annually.
JOHANNESBURG, SOUTH AFRICA - Algerian Minister of Finance Laaziz Faid discussed with South African Finance Minister Enoch Godongwan, ways to...
The two ministers discussed the available opportunities to enhance trade exchange between Algeria and South Africa.
The aim of trade exchange and joint investment is achieving sustainable development in the region.
Jeddah, Saudi Arabia-- The Saudi Ports Authority (Mawani) has reached a partnership deal with Port of Rotterdam to collaborate in...
The deal will enhance cooperation between both entities in port corporatization, a widely-adopted business model based on outsourcing terminal operations to the private sector.
Mawani had earlier inked a deal with Port of Antwerp International (PAI) to bolster mutual cooperation in the domains of port optimization and digital transformation.
Berlin, Germany -- A delegation of Saudi Ministry of Industry and Mineral Resources, which visited Germany, discussed enhancing cooperation to...
The delegation met with officials of the German automobile manufacturer Porsche at the company’s headquarters.
The delegation discussed cooperation opportunities as well as initiatives and programs for developing human capacities with the German companies Schüller, Festo and KSB.
One measure of usership, by company Similarweb, showed that daily active users on the Android version of Threads dropped to...
A web version of Threads is seen as key to attracting professionals and media types who are the most active users of social media
The rival to Twitter (now called X) was rushed out in early July by Meta, which invited its more than a billion Instagram users to download the app
Baghdad, Iraq - Iraq has signed a preliminary agreement with Turkmenistan to import gas. The agreement signed by the undersecretary...
Turkmenistan is known for its status as a key gas producer regionally and globally
The country’s natural gas reserves are estimated at 50 trillion cubic meters
Dubai, UAE - Savings deposits held by UAE banks, excluding interbank deposits, totaled approximately $73.01 billion (AED268.6 billion) by the...
The saving deposits experienced a monthly growth rate of 5.8%, equivalent to an increase of around $4.02 billion
The UAE Dirham accounted for the largest portion, constituting about 81.6% of the total, which is approximately $178.71 billion
TEHRAN/ JOHANNESBURG, IRAN/ SOUTH AFRICA - The Iranian and Chinese presidents stressed the need to bolster bilateral cooperation and the...
The BRICS heads of state held their 15th annual summit in Johannesburg.
The heads of state called for the use of local currencies to facilitate trade.
The insurance policy will protect the risk of non-payment.
The agreement was signed by the CEO of Saudi EXIM Bank, Saad Al-Khlab, and the General Manager of Evonik Industries, Abdulmohsen Al-Muhaidib.
Al-Khlab said the collaboration is an extension of the bank's commitment to bolster the export endeavors of national institutions.
Riyadh, Saudi Arabia -- An American pure ultra-white falcon cherrug sold for SAR550,00 ($146,000) at the third edition of the...
The most expensive falcon, known locally as a Hur, belongs to the American MGE farm. It measures 18 inches in length and 18.5 inches in width and weighs 1.4kg.
The bidding for the falcon started at SAR200,000 before being sold for SAR550,000 ($146,000).