Business - TRENDS MENA

It will be a hub for customers to lift up "digital competence."

The 303km railway, with passenger trains traveling up to 200kmper hour, will join up with the UAE's national network that...
The railway will link Abu Dhabi with Oman's deep-sea Sohar port, which bills itself as a nexus of trade between Asia and Europe.
A multi-billion dollar railway linking the six Gulf Cooperation Council countries has languished since a feasibility study was approved in 2004.
The EU's executive proposed a new round of sanctions on Moscow over its latest "escalation" in Ukraine, including an oil...
As part of the new round of sanctions the commission is laying out a 'legal basis' for a price cap on Russian oil
It will also look to ban Russian exports worth $7 billion and tighten restrictions on goods flowing from the EU.
The SEC also charged Musk with fraud and ordered him to step down as chair of Tesla's board of directors,...
The Securities and Exchange Commission reprimanded Musk after posting a tweet in 2018, in which he said he had acquired funding to take Tesla private
Musk, whose fortune is estimated by Forbes to be nearly $260 billion, is also locked in a lawsuit with Twitter over a potential acquisition of the micro-blogging platform
Minister of Industry and Advanced Technology and UAE Special Envoy to Japan Dr. Sultan bin Ahmed Al Jaber and the...
The UAE-Japan strategic partnership agreement aims to bolster relations between the two countries to advance their common interests.
The key areas of the partnership include diplomacy, enhancing international development, humanitarian aid efforts, business, trade, energy.
Abu Dhabi, UAE---The Abu Dhabi Securities Exchange (ADX) and the Muscat Securities Market (MSX) signed a memorandum of understanding (MOU)...
The two sides will cooperate in a number of areas, including advisory services, training, development of systems, and promotion of integration.
It also provides a channel of direct communication between the two parties, for the exchange of legal and technical information, sustainability and ESG.
The CMA has approved an application from Power and Water Utility Co. for Jubail and Yanbu to register and sell...
IPOs in Saudi Arabia are on course for a record year, with the number of listings already exceeding last year
The main TASI index accounted for eight listings generating $4.4 billion, and the parallel Nomu market had nine listings worth $649 million
Firm buys stake for $68 million via its subsidiary IHC Digital
Emircom is the Middle East’s leading information and communications technology (ICT) provider.
This $68 million purchase comes as part of IHC’s strategy to grow its digital assets portfolio and expand into new growth areas.
This is the first payment of a full-year AED2.57 billion dividend.
The second and final dividend for 2022 expected to be paid in April 2023, subject to the Board of Directors’ recommendation and shareholders’ approval.
The 2022 full-year dividend would offer a 4.9 percent annual dividend yield (based on a share price of AED4.21 as of 27th September 2022).
Its share will be available in the price range of $24-$27.
the process for institutional investors, which will end on Oct. 5, will be led by HSBC Saudi Arabia, Goldman Sachs Saudi Arabia, and SNB Capital
ADC is offering 30 percent of its capital, representing 26.7 million, and will list on Nomu
Abu Dhabi, UAE--ADQ, an Abu Dhabi-based investment and holding company, discussed a range of investment opportunities with Oman Investment Authority...
The meeting was held on the sidelines of President Sheikh Mohamed Zayed Al Nahyan's visit to Oman.
ADQ and OIA recently entered into an AED10 billion ($2.72 billion) partnership agreement to facilitate investments between the UAE and Oman in sectors of mutual priority.