Business - TRENDS MENA

The two Gulf countries expect new strategy to result in a rapid economic transformation and offer new revenue stream, allowing...
The two Gulf countries expect new strategy to result in a rapid economic transformation and offer new revenue stream, allowing them to cut down reliance on crude oil income
The first Arab company to be dubbed a "unicorn" in the Arab world was Emirati "Souq.com," which received $300 million in funding in February 2016
Riyadh, Saudi Arabia--Investment and funding programs worth $580 million were announced on the third day of LEAP 23 Tech Conference,...
WIRPO which specializes in technology services and consulting subsequently announced $110 million investment to expand the service of their cloud studios.
Damac Company announced the expansion of its investments in the Kingdom's big data centers with a total capacity of more than 55 Mega Watts.
Istanbul, Turkey---The Istanbul stock exchange announced on Wednesday that it would close for five days in response to this week's deadly...
The last time it suspended trading was after a 1999 quake which killed more than 17,000 people.
The exchange cited an "increase in volatility and extraordinary price movements after the earthquake disaster" in its decision.
Output slipped by 2% to 2.04 million barrels per day of oil equivalent.
Net profit more than tripled to $28.7 billion, boosted mainly by skyrocketing gas prices.
Equinor said it plans to invest $10-11 billion in 2023 and increase its oil and gas production by three percent.
The rise in adjusted net profit driven by high energy prices.
Excluding other income and impairments, the company reported an adjusted net profit of $196 million as compared to $128 million in 2021, an increase of 53 percent.
The increase in revenues is due to higher realized prices and production output in the Kurdistan Region of Iraq.
dans is the sole air navigation service providerfor four airports, including Dubai Airport, the world's top airport for international travellers.
dans is the sole air navigation service providerfor four airports, including Dubai Airport, the world's top airport for international travellers
MBRSC is the government organisation behind space satellite projects like the Emirates Mars Mission, Emirates Lunar Mission and the UAE astronaut programme
Its operating profit rose by 12.5 percent to $24 billion.
Earnings rose despite a drop in sales, with Volkswagen reporting at the beginning of the year a seven percent drop in the number of vehicles sold in 2022
Volkswagen had forecast an increase of between 8.0 and 13.0 percent
A day after the powerful earthquake devastated Turkey and Syria, Iraq's autonomous Kurdistan region has said that it resumed oil...
The northern region usually exports around 450,000 barrels of oil a day through Turkey
Authorities had said exports through Turkey's Ceyhan port would resume after inspection of pipelines
US trade gap widened to a record in 2022, though expanding less than expected in December, government data said, capping...
This marks the biggest deficit in government data dating back to 1960.
In December, the trade deficit expanded $6.4 billion to $67.4 billion, said the Commerce Department.
Riyadh, Saudi Arabia--The Center for the Fourth Industrial Revolution in Saudi Arabia (C4IR KSA), affiliated with the World Economic Forum...
Signed on the sidelines of LEAP 23, the MoU aims to develop frameworks and policies for the governance of the fourth industrial revolution technologies in the industrial sector.
The two sides undertake to supervise the pilot studies of the projects and assess the participation of other entities in the kingdom.