Business - TRENDS MENA

The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.

ABU DHABI, UAE - In his capacity as the Ruler of Abu Dhabi, President Sheikh Mohamed bin Zayed Al Nahyan...
An affiliate of the Supreme Council for Financial and Economic Affairs, the company will support the emirate’s integrated transport ecosystem.
It will develop transport systems, and contributing to effective and sustainable transport services for citizens and residents.
Doha, Qatar -- Qatar Central Bank (QCB) has issued treasury bills worth QR 3 billion ($832 million), attracting a total...
One of bills, valued QR 1 billion had a tenor of one week and a yield of 5.005 percent.
The bank issued treasury bills worth $274 million for a one-week term on Feb 26.
Riyadh, Saudi Arabia -- A meeting was held in Riyadh Thursday to prepare for holding the third round of free...
The negotiations are scheduled to take place from March 12 to March 16, 2023, at the GCC General Secretariat headquarters in Riyadh.
The meeting was attended by the heads of negotiating technical teams, directors of departments, and coordinators of technical teams.
Delay has had no effect on its annual financial statement.
The publication of the yearly report which includes information about the company's functioning, was due on Thursday
The bank had reported a net loss of 7.3bn Swiss francs ($7.9 billion) - the biggest since 2008, in its 2022 financial statement
Dubai, UAE -- Saudi energy giant Aramco broke ground for its 26.25-billion-riyal ($7 billion) Shaheen Petrochemical Project, its biggest in...
Scheduled for completion by 2026, the Shaheen project is aimed at converting crude oil into petrochemical feedstock.
With an annual production capacity of up to 3.2 million tons, Shaeen is Aramco's biggest project in South Korea.
Wall Street rose but European stock markets fell as investors brace for US jobs data that they fear could prompt...
The US Federal Reserve raised rates by a quarter basis point in December, lower than previous decisions.
European wholesale natural gas prices dived to the lowest level since August 2021, due to high storage levels.
Dubai, UAE -- Dubai real estate market recorded deals worth AED1.8 billion ($490 million) on Thursday, Dubai Land Department said....
The deals included 502 sales transactions worth AED1.2 billion, in addition to 98 mortgage deals of AED388.51 million.
Mortgages included 76 villas and apartments worth AED182.63 million and 22 land plots valued at AED205.88 million.
Riyadh, Saudi Arabia -- Saudi Arabia's Industrial Production Index increased by 6.8 percent in Jan 2023, compared to Jan 2022,...
The kingdom's General Authority for Statistics said the mining and quarrying activity increased by 3 percent year on year.
The manufacturing activity increased by 19.2 percent, while the electricity and gas supply activity decreased by 3.4 percent.
MOSCOW, RUSSIA - Russian Foreign Minister Sergei Lavrov said Thursday that extending a deal that allowed grain exports from Ukraine to...
Russia's military intervention saw Ukraine's Black Sea ports blocked by warships until a deal was reached for the export of grains.
The UN and Turkey-brokered deal will automatically renew on March 18 unless Russia or Ukraine object.
The growth rate is also the highest in the last decade, with crude oil and natural gas contributing 32.7%, government services 14.2%,...
GASTAT said all economic activities achieved positive growth rates during 2022, with crude oil and natural gas contributing 32.7 percent.
Non-oil activities increased by 5.4 percent during 2022, especially transport, storage and communications activities (9.1 percent).