Business - TRENDS MENA

ExxonMobil will acquire Denbury for $4.9 billion.
The all-stock acquisition provides ExxonMobil with Denbury's carbon dioxide pipeline network in Texas, Louisiana and Mississippi.
Oil companies have championed carbon sequestration as a major response to climate change.
Customs spokesman Lyu Daliang also pointed to outside forces having a "direct impact" on Chinese trade, with Beijing engaged in...
The 12.4 percent drop released by the General Administration of Customs was an acceleration from May's 7.5 percent.
Imports also fell 6.8 percent over the same period, reinforcing concerns about softening domestic demand.
DUBAI, UAE -- Dubai real estate market recorded deals worth AED 3.6 billion on Thursday, Dubai Land Department data shows....
The deals included 712 sales transactions worth AED3.38 billion, in addition to 112 mortgage deals of AED200.32 million, and 22 gift deals amounting to AED41.39 million.
The mortgages included 99 villas and apartments worth AED184.19 million and 13 land plots valued at AED16.14 million.
Dubai, UAE -- Trade volume between Qatar and India increased by about 33 percent during 2021 and 2022, reaching $17.2...
Qatar's undersecretary for Commerce Affairs at the Ministry of Commerce and Industry Saleh bin Majed Al Khulaifi said India is Qatar's second largest trading partner.
The India-Arab Partnership Conference was organized for the first time in 2008 to increase trade exchange between Arab countries and India.
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received the net-zero statement of verification and assurance certificate in...
This followed a comprehensive assessment conducted by W3 Solutionz - US based on the International Workshop Agreement Guidelines IWA 42:2022.
The Net Zero Guidelines were commissioned by Our 2050 World, a global collaboration to accelerate action towards net zero through standards.
Dubai, UAE - The GCC region could realize $9.9 of economic growth for every $1 invested in GenAI. At that...
Saudi Arabia and the UAE are expected to experience the most substantial impact, with projected annual impacts of $12.2 billion and $5.3 billion, respectively
Qatar, Kuwait, Oman, and Bahrain will also benefit, with estimated economic gains of $2.6 billion, $1.6 billion, $1.3 billion, and $0.6 billion, respectively.
Dubai, UAE -- Deals worth SAR 2.3 billion ($613 million) were signed between Saudi Arabian and Turkish companies on the...
The deals have been signed for real estate development, construction, engineering consultancy and a number of other investment sectors.
The Saudi-Turkish Business Forum was launched in Istanbul in presence of Saudi and Turkey's ministers.
IDB will fund renewable projects by joining ETAF platform.
The IDB plans to co-finance renewable energy projects and energy transition technologies worth US$100 million in Latin America and the Caribbean.
By leveraging its global reach and energy transition knowledge, IRENA is actively developing a pipeline of energy transition projects .
The company's net profit in H1 2022 was only $6.5 million.
The increase reflects the continuous efforts of EIH to diversify its revenue sources, the company said.
The total assets of EIH have also increased significantly, from AED77.7 million at the end of 2022 to over AED2.23 billion at the end of the first half of 2023.
Abu Dhabi, UAE--The Securities and Commodities Authority (SCA) has signed a memorandum of understanding (MoU) with the UAE Banks Federation...
The MoU looks to set up the UAE as a major attraction for asset and wealth management corresponding with the government's aspirations for the next 50 years
Both the parties, under the terms of the MoU, resolved to cooperate and share expertise and studies aimed at improving the local asset management sector