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AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

DAE to acquire Nordic Aviation Capital

The terms of the transaction have not been disclosed.
  • Saudi holdings of US Treasuries surge to $131.9b in December 2023

    ABU DHABI, UAE - Saudi Arabia’s holdings of US Treasuries reached US$131.9 billion in December 2023, up $3.8 billion month-on-month,...

    The Kingdom maintained 16th place among the largest holders of US treasury securities for December.

    Saudi Arabia’s holdings of US Treasuries were distributed among long-term and short-term bonds.

  • HMG 2023 net profit $544m

    The rise was due to the hospitals and pharmacy segments.

    The increase in net profit came as revenues edged up 14.41 percent year-on-year (YoY) to US$2.5 billion (SAR 9.5 billion).

    Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 18.49 percent YoY to US$666 million (SAR 2.5 billion).

  • OpenAI valued at $80bn in new deal

    With this deal, the value of the firm has tripled in 10 months.

    The deal would have the San Francisco-based firm selling existing shares to investors led by Thrive Capital

    The tech firm led a revolution in artificial intelligence when it placed its ChatGPT program online in late 2022

  • Saudi Arabia aims to build ties with Canada in scientific and research fields

    Riyadh, Saudi Arabia-- Saudi Arabia is exploring investment opportunities in education and aiming to attract investments to the kingdom from...

    The Saudi education minister explored investment opportunities in education, besides seeking to foster scientific and research collaboration between the two countries

    The visit of the Saudi delegation also looked to consolidate the partnerships between the kingdom's ministry of education and Canadian universities and colleges.

  • Zero trust remains an ongoing cybersecurity evolution

    Achieving Zero Trust Data Resilience is not an overnight task but a journey requiring organizational alignment, continuous adaptation, and the...

    Zero Trust is a mindset, not a destination, requiring continuous evolution in cybersecurity practices.

    Cybersecurity is an arms race, with the need to adapt and evolve to remain ahead of online threats.

  • Lebanon judge charges Nissan employees for allegedly stealing Ghosn documents

    BEIRUT, LEBANON - A Lebanese judge has charged four Nissan employees with the theft of documents and devices from the Beirut...

    A lawyer for the company said that the legal action was "unlawful" and that they would seek to have the charges thrown out.

    The Beirut judge has decided to prosecute "four senior Nissan officials" of Japanese, Spanish, French and British nationalities.

  • 35 Jordanian companies to participate in Gulfood 2024 in Dubai

    AMMAN, JORDAN – A total of 35 Jordanian companies are taking part in Gulfood 2024, the world's largest annual food...

    The Jordan Exporters Association is coordinating the country's participation in the event.

    JEA is coordinating local participation in the exhibition for the 20th consecutive time.

  • Tech giants sign pact against AI-made political deepfakes

    Under the agreement, AI-generated content could be given a watermark or tagged in the metadata at source, although the signatories...

    Among the 20 signatories of the deal, presented on the sidelines of the Munich Security Conference in Germany, were also X, as well as Snap, Adobe and Linkedin

    The tech companies also said they would also work together to develop ways to "detect and address" deceptive election material on their platforms

  • Abu Dhabi Judicial Department’s Auction App generated $925m in property sales

    Abu Dhabi, UAE - Since its launch in June 2022 through mid-February 2024, the Abu Dhabi Judicial Department's (ADJD) Auction...

    The statistics highlight the growing popularity and effectiveness of the ADJD Auction App as a platform for buying and selling various assets remotely.

    Counselor Yousef Saeed Alabri, Undersecretary of the Judicial Department, said that the smart Auction App revolutionized the bidding process for seized property in judicial cases

  • Innovative building codes transform MENA construction

    Two emerging construction processes gaining popularity, especially in the MENA region, are 3D printing of concrete structures and offsite construction....

    Building codes evolve to support clean energy, innovative methods, and circular economy principles.

    Emerging technologies like 3D printing and offsite construction optimize efficiency and sustainability.