Business - TRENDS MENA

Washington, United States - Billionaire Elon Musk on Wednesday announced he was leaving his role in US government, intended to...

Le Bourget, France - Riyadh Air has signed a deal for 90 GEnx-1B engines to power its new fleet following...
The GEnx engine family has nearly 50 million flight hours since entry into service in 2011
Riyadh Air was launched in March, and this marks the first engine partnership with GE Aerospace
Financial institutions in the Gulf region are also focusing on sustainable practices like renewable energy investments, reducing their carbon footprint,...
Through digitalization, collaboration with fintech companies, and responsible banking practices, banks are leading the charge in sustainable development in the region, say experts
Gulf banks are also focusing on sustainable practices like renewable energy investments, reducing their carbon footprint, and supporting sustainable businesses, they add
PARIS, FRANCE - European airlines have been hit by a consumer complaint filed with the EU's executive arm accusing the 17...
The European Consumer Organization, or BEUC, said the claims made by the airlines breach EU rules on unfair commercial practices.
The BEUC called for a Europe-wide investigation and for airlines to "stop making claims that give consumers the impression that flying is sustainable".
A senior US Federal Reserve official said that additional interest rate hikes are needed to tackle historically high inflation. "I...
The Federal Reserve's benchmark now sits in a range between 5.0 and 5.25 percent - its highest level since 2007.
All members of the Federal Open Market Committee predicted that the bank will have to raise its benchmark further before the end of the year.
Months after Musk took over Twitter, Zuckerberg's Meta hinted it was planning to launch its own text-based social media platform...
The two men have baited each other for years with opposing views on everything from politics to artificial intelligence.
Musk responded angrily to a recent claim by a Meta official that there was appetite for a "sanely run" Twitter alternative.
ABU DHABI, UAE/ KARACHI, PAKISTAN - AD Ports Group announced on Thursday the signing of a concession agreement with Karachi...
Under the terms of the 50-year concession agreement, a Joint Venture has been formed to manage, operate and develop the Karachi Gateway Terminal Limited.
The JV will undertake significant investments in infrastructure and superstructure over the next 10 years, with the bulk of it planned for 2026.
Dubai, UAE -- Dubai real estate market recorded real estate transactions worth AED 2.5 billion ($680 million) on Thursday, Dubai...
The transactions included 744 sales worth AED2 billion, in addition to 153 mortgage deals of AED542.55 million, and 27 gift deals amounting to AED31.3 million.
The sales included 688 villas and apartments worth AED1.56 billion, and 56land plots worth AED435.15 million.
LONDON, UK - The Bank of England on Thursday lifted its key interest rate by a half-point to five percent to...
The decision came one day after data showed UK annual inflation remained at 8.7 percent in May, defying expectations of a slowdown.
The half-point lift was in stark contrast to the Federal Reserve, which last week pressed pause on US rate hikes after a sharp easing in the country's inflation.
The total dividend of $241.63 million will be paid on July 19.
During the past three financial years, the company has paid cash dividends at SAR 5.99 per share.
Sipchem's net profit for the first quarter of 2023 fell by 56 percent to SAR 470.3 million from SAR 1.07 billion in the same period of 2022.
Abu Dhabi, UAE - Hub71, Abu Dhabi's global tech ecosystem, has welcomed its first cohort of the year comprising 15...
The addition of the latest cohort has increased the size of Hub71’s vibrant community to over 240 startups
67 percent of the selected startups are headquartered outside the UAE, reinforcing the global status of Abu Dhabi as an innovation hub