Business - TRENDS MENA

Riyadh, Saudi Arabia -- Diriyah Company has announced the award of a major new $600 million (SAR2.249 billion) contract for...

One of the changes announced by Nick Clegg, Meta's president of global affairs, includes giving European users of Facebook and...
Under a landmark EU law, digital giants will be forced to more aggressively police content online to protect users.
Other changes include providing more information about how Meta's artificial intelligence systems rank content on Facebook and Instagram.
A previous version of the acquisition deal was blocked.
Xbox-owner Microsoft launched a bid for Activision Blizzard early last year, seeking to establish the world's third biggest gaming firm by revenue.
Britain's Competition and Markets Authority said it has "opened a new phase 1 investigation into the restructured deal by Microsoft to buy Activision".
The gains, including a jump in US tech stocks, "looked more like a correction than a reaction to fresh news,...
The gains followed a mixed showing on Monday as investors tried to turn the tide of losses that have swept over markets in recent weeks.
Markets globally have struggled this month on the prospect that the US Federal Reserve will hike borrowing costs once more.
Ajman, UAE -- Ajman real estate market grew 15.6 percent year-on-year to AED 7.17 billion ($1.95 billion) in the first...
Omar bin Omair Al Muhairi, Director-General of the Department of Lands and Real Estate Regulation, said a total of 5,310 real estate transactions were recorded during this period.
May, in particular, emerged as a notable month, witnessing a peak value of real estate transactions totaling AED1.9 billion.
Tehran, Iran -- Iran exported $2.9 billion worth of non-oil products to Iraq in the first four months of the...
Director General of the TPOI for West Asian Affairs Farzad Piltan said Iran exported $541 million worth of products to Iraq in 2022.
It is predicted that Iran’s export of non-oil products to Iraq will reach $10.5 billion by the end of the current year (March 20, 2024).
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) reported a remarkable surge in the registration of holding...
Holding companies can benefit from the UAE's favorable tax environment, a key factor boosting global investors' appeal.
This structure offers enhanced protection against potential risks and legal claims, an essential feature in today's complex business landscape.
Dubai, UAE -- The Dubai Gold & Commodities Exchange (DGCX) Tuesday said it is waiving trading, clearing and delivery fees...
DGCX will waive the fee until 31 December 2023. This fee waiver excludes the SCA fee of $0.03.
The Exchange is also seeking approval from SCA to waive fees for its Gold Futures contract.
Riyadh, Saudi Arabia – A total of 1,873 complaints were filed by travelers against air carriers in Saudi Arabia last...
The GACA has released its monthly classification index for air transport service providers, based on the number of complaints filed by travelers to GACA during July 2023
Flynas followed with 29 complaints per 100,000 travelers and a resolution rate of 98 percent, while Flyadeal had 167 complaints per 100,000 travelers
Surpassing pre-pandemic levels, more than 40 million passenger visits were recorded at Dubai international airport in the first half of...
The airport operator said it expected demand to soar during the winter season, setting a new record
Dubai airport in 2020 received only 25.9 million passengers, down from the 86 million the previous year.
Nairobi, Kenya--African Civil Aviation Commission (AFCAC) and Qatar have signed a partnership agreement to strengthen cooperation in the aviation field....
Mohamed Faleh Al Hajri, in charge of Civil Aviation Authority, represented Qatar at the 8th Africa and Indian Ocean (AFI) Aviation Week, holding bilateral meetings
He highlighted Qatar Airways' role in connecting Africa with the world, saying that the national carrier operates more than 185 flights per week, linking Africa with Qatar