Business - TRENDS MENA

Washington, United States -- Chip giant Micron Technology on Thursday said it was expanding its domestic investment plan to $200...

Jeddah, Saudi Arabia--Looking to consolidate trade and investment ties, the Gulf Cooperation Council (GCC) and Japan announced their resumption of...
GCC Secretary-General Jassem Mohamed Albudaiwi met with Prime Minister of Japan Fumio Kishida for talks and later their representatives signed a joint statement
GCC secretary general said Japan's exports from the GCC countries touched $76.7 billion and its imports to the GCC was valued at $22 billion
Amman, Jordan--Jordan and the World Bank have signed a $250 million financing agreement for a water sector efficiency project in...
Nearly $200 million of the amount will be a soft loan from the International Bank for Reconstruction and Development, and $50 million will be in the form of a grant
The Jordanian minister praised the World Bank for its partnership with the kingdom's government and support for reform and development needs in the country
The region, rich in history and culture, is expected to accumulate substantial global AI benefits, reshaping its traditional sectors and...
The region, rich in history and culture, is expected to accumulate substantial global AI benefits, reshaping its traditional sectors and driving innovation, reports suggest
Tradition and technology harmoniously coexist in Middle East as it stays committed to AI integration despite some industries grappling with implementation challenges
DUBAI, UAE - Commercial transport sector contributed AED16.1 billion ($4.38bn) to Dubai's economy in 2022, said Mattar Al Tayer, Director-General,...
The commercial transport activities sector has experienced consistent economic growth over the last two years fueled by e-commerce, said an official
The number of registered commercial vehicles operated by these companies exceeds 300,000, reflecting a 16 percent growth rate compared to 2021, he noted
GAZA CITY, PALESTINIAN TERRITORIES - Israel returned a boat to a Gaza fisherman it had seized for allegedly breaching the limits...
Israeli authorities had called for the vessel, belonging to fisherman Mohammad al-Hissi, to be permanently confiscated.
However, a Haifa court last month ordered that the boat be returned to Hissi even as legal proceedings continued.
As inflation averages 171% in 2022, one of the highest rates worldwide, people prefer to fix old items such as...
Despite the crash, Lebanese officials have failed to enact reforms demanded by international donors that would unlock bail-out funds.
The Lebanese pound has lost around 98 percent of its value against the US dollar, and most of the population has been plunged into poverty.
The higher earnings were driven by an increase in revenue.
The first-half results were also lifted by Almarai’s full acquisition of International Dairy and Juice Limited (IDJ) despite higher finance costs.
The company’s Q2 2023 net profit rose 7 percent to SAR557.1 million, compared to SAR520.36 million in the year-earlier period.
Herald aims to expand its presence in the region.
Under the new deal, Herald Holdings has secured 173,000 square feet (sq.ft) on lease in SAIF Zone to construct a logistics facility.
The facility will offer comprehensive warehousing services and seamless cargo transportation by air, land, and sea.
Twitter owner Elon Musk said Saturday that the social media platform he bought for $44 billion last October has lost...
Insider Intelligence has reported that Twitter was set to earn less than $3 billion in 2023, down one-third from 2022
Twitter is thought to have around 200 million regular users but it has suffered repeated technical failures since Musk bought the platform
The company had promised in April that it would be rolling out the first Cybertrucks before the end of the...
In May, Musk said the company hoped to build 250,000 of the trucks a year - a number he said could eventually double, given a relatively accessible price tag
Tesla will be making three models of the Cybertruck, a vehicle that can accelerate from zero to 60 miles per hour (100 kilometers per hour) in less than three seconds