Business - TRENDS MENA

The 50% equity interest in BHIG is Aramco-APQ joint venture.

The deal, thrashed out in talks between federal and regional officials, spells the end of independent oil exports by the...
The agreement was signed in Baghdad in the presence of Prime Minister Mohamed Shia al-Sudani and Kurdish premier Masrour Barzani.
The deal comes two days after Iraq, Saudi Arabia and several other major oil exporters announced a sharp reduction in their production from May.
The current healthcare expenditure in the Gulf Cooperation Council region is expected to reach $135 billion in 2027, implying an...
The kingdom will need 19,000 to 20,000 additional hospital beds by 2030, which calls for an investment of $33.8 billion to $35.6 billion.
Saudi Arabia's healthcare has seen tremendous growth and it continues to be one of the few sectors that have not been affected by economic fluctuations.
The firm announced 10-year and 30-year tranches.
The firm offered a total of 10,000 bonds in the 10-year green sukuk tranche of $1.2 billion and a 30-year conventional tranche of $800 million.
The sukuk offering was made under the company’s newly established international sukuk program. Reportedly, the two tranches drew more than $15 billion in demand.
DUBAI, UAE - Over 300 prominent wealth and asset management (WAM) firms have established themselves in Dubai International Financial Center...
The financial center's 300 wealth and asset management firms should help in providing a conducive environment for businesses in the region.
DIFC's world-class legal and regulatory framework and access to competitive markets have bolstered the depth of its asset management ecosystem.
His decision to change the logo to a Shibu Inu dog, whether permanent or another short-lived joke, caused the price...
The Shiba Inu dog became a popular meme in 2013 when posters on forums like Reddit and 4chan began using its pictures alongside messages written in broken English.
The cryptocurrency was launched as a joke later that year and remained largely without value for years -- like thousands of other coins.
ZURICH, SWITZERLAND - Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be...
The 167-year-old bank's final AGM was the first chance Credit Suisse shareholders had to voice their frustrations.
"I can understand the bitterness, the anger and the shock of all those affected," Credit Suisse chairman Axel Lehmann said.
The packaging plant will be one of the largest in the world.
The company signed an MoU with the kingdom's Ministry of Investment and the Ministry of Industry and Minerals for the project that will cost 1 billion Saudi riyals ($266 million).
With an expected employment to the tune of 1200, the project will also help Hotpack to acquire a significant market share in Saudi Arabia, the statement added.
Abu Dhabi, UAE - AD Ports Group on Tuesday announced the signing of a General Corporate Facility agreement with a...
The multi-currency facility includes three tranches amounting to EUR 600 million, US$620 million, and AED2,863 million
The demand for the facility was overwhelming, with commitments of US$7.4 billion in total from the participating banks
A total of 3049 new companies joined DMCC in 2022.
This is DMCC's best performance in Q1 since its inauguration in 2002, marking a 8.4% increase year-on-year.
The best performing sectors for DMCC was its traditional core markets, which showed strong results in businesses from various countries.
The Kremlin said oil output cuts by Russia, Saudi Arabia and other major producers that have caused prices to soar...
Saudi Arabia and other major oil producers announced Sunday a production cut of more than one million barrels per day.
Russia said it would extend until the end of the year its own voluntary production cut of 500,000 barrels per day.