Business - TRENDS MENA

The S&P 500 has risen the last four sessions, extending the positive momentum after last weekend's trade talks resulted in...

It won US$975mn artificial island construction contract.
The company, a fully integrated energy logistics services provider, sees the contract a big milestone in its strategy to pursue new growth opportunities
The company CEO said that the construction of artificial island "G" illustrates ADNOC L&S strategy to tap into new growth areas, exemplifying its range of services
Dubai, UAE: Dubai Electricity and Water Authority (DEWA) on Thursday received two bids from ACWA Power and Masdar with the...
The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world, DEWA CEO Al Tayer said
When completed, the solar park will reduce over 6.5 million tonnes of carbon emissions annually, he noted
Sharjah, UAE-- Sharjah and Uzbekistan are looking to ramp up cooperation in trade and pour investments in sectors such as...
The meeting between the two sides explored prospects for cooperation in trade and investment in key sectors like education, research and tourism
Sheikh Majid Al Qassimi, director of DGR, said that ties between Sharjah and Uzbekistan open the window for both parties to broaden the scope of our partnerships
Dubai, UAE: The UAE’s target of attracting 40 million tourist visits by 2030, and its subsequent economic contribution of AED...
The L&E sector in the Middle East and North Africa (MENA) currently generates approximately AED 30 billion ($8.2 billion) in revenue
KSA is the world’s fastest-growing tourism destination MENA’s L&E sector generates approximately AED 30 billion in revenue
Riyadh, Saudi Arabia--Saudi Arabia and Oman have launched a joint tourist visa to boost trade and investment cooperation in tourism-related...
The initiative to launch joint tourist visa and enhance cooperation in the sector was reached in a meeting between Saudi Arabia's tourism minister and his Omani counterpart
Both will train and develop human capital in the tourism sector corresponding with the Gulf Tourism Strategy, which was formulated last November by leaders of the GCC countries
Dubai, UAE-- Aiming to boost trade and economic cooperation with New Zealand, Dubai Customs held a meeting with diplomats and...
The meeting highlighted Dubai Customs' eagerness to boosting cooperation with trade partners and exploring the future of the business sector amid Dubai's economic resurgence
New Zealand ambassador to the UAE noted the efforts of Dubai Customs in bolstering international trade and boosting trade relations between Dubai and New Zealand
Abu Dhabi, UAE - The balance sheet of the Central Bank of the UAE (CBUAE) surpassed AED594 billion ($161 billion)...
The apex bank said that its balance sheet grew by 5.3 percent on a monthly basis to $161.23 billion at the end of March 2023
The bank's balance sheet increased YoY by the equivalent of $21.3 billion, from about $139.82 billion in March 2022
The region is prioritizing preventive care to alleviate strain on healthcare resources and infrastructure amidst rise in population and prevalence...
The region is prioritizing preventive care to alleviate strain on healthcare resources and infrastructure amidst rise in population and prevalence of non-communicable diseases
Peripheral neuropathy, particularly among those with diabetes, remains a significant concern, with a lack of awareness contributing to underdiagnosis and irreversible damage
The firm attributed the figures to strong sales which reached $8.15bn.
The Spanish group said its net profit jumped 54 percent to 1.17 billion euros ($1.25 billion) in the three-month period ending on April 30.
Excluding a 216 million provision a year ago to deal with the consequences of Russia's invasion of Ukraine, the firm's profits were up 24 percent.
Stockholm, Sweden -- Sweden's H2 Green Steel company said Wednesday it would supply German car maker Mercedes-Benz with 50,000 tons of...
H2 Green Steel, whose first plant is under construction in northern Sweden, plans to use hydrogen made from renewable energy to produce steel instead of highly coal.
With around 900 kilos of steel needed per car, the contract would enable Mercedes-Benz to produce around 55,000 cars with a lower CO2 footprint.