Business - TRENDS MENA

Riyadh, Saudi Arabia— Aramco will launch a $1.5 billion sustainability fund to invest in stable and inclusive energy transition technology....
According to its CEO Amin Nasser, the fund will be managed by the company's venture capital arm Aramco Ventures
The company is also developing its blue ammonia and hydrogen business to produce up to 11 million metric tons of blue ammonia per year by 2030
With an estimated 209 million people making purchases online at the height of the pandemic, e-commerce in the MENA area...
Saudi Arabia's payment revenues are projected to reach US$ 28.3 billion by 2031, increasing at a CAGR of 11.2 percent between 2021 and 2031
Payment revenues in the UAE is likely to hit US$18.7 billion by 2031, a 7.7 percent increase in CAGR between 2021 and 2031
The Kazakhstan ambassador valued the UAE leadership's interest in strengthening relations between the two countries, pointing out that the 1st...
Emirati investments in Kazakhstan amounted to about $2.7 billion since the establishment of diplomatic relations.
Value of Kazakh investments was more than $1 billion, and total direct investment flows from the UAE increased 43 percent.
The efforts are intended to jumpstart the nascent tourism sector in the once closed-off kingdom, which only began issuing tourist...
Weekly flights from Saudi to Qatar will soar to 240 during the month-long tournament, up from six normally, tourism minister Ahmed Al Khateeb said.
Saudi Arabia has offered multi-entry 60-day visas to holders of the World Cup's Hayya pass, the compulsory permit available to ticket-holders.
Dubai, UAE--- Dubai real estate market recorded real estate transactions worth AED1.7 billion ($462 million) on Tuesday, Dubai Land Department...
The transactions included 425 sales transactions worth AED1.32 billion, in addition to 71 mortgage deals of AED386.7 million, and 12 gift deals amounting to AED56.77 million.
The sales included 403 villas and apartments worth AED1.17 billion, and 22 land plots worth AED149.92 million.
The bank said impairment charges were AED1.7 billion, 11 percent lower YOY.
The bank said that the total income reached AED18 billion, up 13 percent yoy, driven by 18 percent growth in net interest income.
Total income for the nine months includes an AED3.1 billion net gain on the sale of a stake in Magnati.
Tadawul is also developing a market marker for the bourse.
According to Mohammed al-Rumaih, CEO of Tadawul, the Capital Market Authority has approved 18 listings through 2022
The number surpasses the 2021 figure, which saw 21 listings, as well as the number witnessed in 2020, when the market recorded only eight listings
A panel of experts, bankers, politicians, top executives had predicted the fallout from the pandemic, runaway inflation, and war in...
The UAE Minister of State for Entrepreneurship and SMEs believes that the most powerful tool with a government is agility and the ability to react to a crisis
While it is crucial for a country to see its government function efficiently during a crisis, it is no different for a company
The CCI ordered Google to allow app makers to use third-party billing systems and treat rival payment processing services on...
The California-based company's Android mobile operating system is by far the dominant player in India and runs on 95 percent of all the country's smartphones
Independent developers distribute their own software on Android through the company's app store, Google Play, but must use Google's billing system to collect revenue
The embrace of digital services by it customers drove growth.
Its operating income has increased by 24.3 percent over the previous year to $1.44 billion
The operating profit at $871 million represents a 33.2 percent increase compared to the same period of 2021