The agreement was sealed at the presidential palace in Damascus in the presence of interim President Ahmed al-Sharaa and US...
The contract for two jack-up rigs begins in the second quarter.
Abu Dhabi, UAE-- Some 900,000 passengers are expected to pass through Abu Dhabi International Airport on more than 5,000 flights...Abu Dhabi Airports gave out the projected numbers ahead of an expected uptick in passenger traffic at Abu Dhabi International Airport during the Eid celebrations
On June 24, and June 25th, and July 2nd airport authorities expect heavy passenger traffic to pass through the emirate's five airports and expect to serve almost 65,000 passengers
Companies like ADNOC, Saudi sovereign fund, and Niu are making significant strides as the two Gulf countries seek to diversify...Companies like ADNOC, Saudi sovereign fund, and Niu are making significant strides as the two Gulf countries seek to diversify their economies and capitalize on high oil prices
"M&A surge in the Middle East fueled by private equity and sovereign wealth funds, and backed by liquidity and reforms, is giving wings to region's transformative aspirations
SANTA CLARA, US - The CEO of Nvidia said that the world's most valuable chipmaker is "extremely likely" to invest in...Nvidia would join other semiconductor giants like Intel that are also looking to open new operations in Europe.
The US firm, which specializes in chips coveted in the artificial intelligence boom, has seen its value hover around $1 trillion in recent weeks.
- BAGHDAD, IRAQ - The Finance and Business Center in Iraq is set to become a hub for trading and selling...
The Prime Minister's financial advisor emphasized the center's role in Iraq's financial and banking development strategy.
He said that the center would cater to both the banking and non-banking financial businesses, such as insurance companies.
- Saudi Aramco and France's TotalEnergies signed contracts to start building an $11-billion petrochemicals facility in the Gulf kingdom, the two...
The move "marks the start of construction work on the joint petrochemical expansion", Aramco and TotalEnergies said in a joint statement.
The project, first announced in 2018, represents an investment of around $11 billion, of which $4 billion will be funded through equity by Aramco and TotalEnergies.
KUWAIT- Central Bank of Kuwait (CBK) announced that the broad money supply (M2) went up by 0.3 percent last May...Local banks' private sector deposits increased by 0.6 percent to settle at $119.4 billion, revealed the CBK's economic research department.
Local banks' assets fell by 0.1 percent to record $280 billion, while the net foreign assets decreased by 0.2 percent to $34.3 billion.
RIYADH, SAUDI ARABIA - The Minister of Human Resources and Social Development and Chairman of the Board of Directors of...The minister said by executing many projects, the non-profit sector has contributed to achieving national development.
He said one of the achievements has been the development of the incorporation procedures of non-profit organizations within four days.
- DUBAI, UAE - Dubai Land Department (DLD), through the real estate development sector, has launched the real estate investment trusts...
The move aims to provide incentive benefits to encourage REIT to consider various projects across Dubai.
The aim is also to increase investment in the market by achieving a long-term capital return for shareholders.
Neves, who arrived at Wolves from Porto, had one year on his contract left at Molineux. He joins in the..."From the 'Wolves' to the biggest team in Asia," Al-Hilal announced on social media after the player signed a three-season deal in Paris
Neves leaves Wolves after six seasons for "a club record fee", the Premier League side announced, reported to be around 55 million euros
New York, United States - Metatime, a blockchain technology company, has so far raised $25 million through crowdfunding, pre-sales, and...The investors included Yildiz Tekno Venture Capital Investment Trust, Yildiz Technical University Technopark, and telecommunications and financial institutions
Metatime aims to integrate blockchain solutions into various sectors such as energy, tourism, insurance, CRM, advertising, cybersecurity, and virtual reality
