Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.
  • Tech revolutionizes professional landscape for women

    Women First Jobs offers tailored solutions for women in the UAE, overcoming societal norms and unequal access to opportunities, says...

    Women First Jobs offers tailored solutions for women in the UAE, overcoming societal norms and unequal access to opportunities, says its CEO Priyanka Sengar.

    The portal is committed to breaking down barriers to women's professional success, including pay disparity and limited leadership representation, she adds.

  • Hyperloop progress: Racing ahead or falling behind?

    Over a decade after Elon Musk's hyperloop proposal, no commercial operations have begun, and Virgin Hyperloop shut down in 2023...

    Over a decade after Elon Musk's hyperloop proposal, no commercial operations have begun, and Virgin Hyperloop shut down in 2023 despite significant investments.

    Despite significant investment, Virgin Hyperloop shut down in 2023, as technical challenges, safety concerns, and high costs continue to hinder hyperloop implementation.

  • Hyperloop progress: Racing ahead or falling behind?

    Over a decade after Elon Musk's hyperloop proposal, no commercial operations have begun, and Virgin Hyperloop shut down in 2023...

    Over a decade after Elon Musk's hyperloop proposal, no commercial operations have begun, and Virgin Hyperloop shut down in 2023 despite significant investments.

    Despite significant investment, Virgin Hyperloop shut down in 2023, as technical challenges, safety concerns, and high costs continue to hinder hyperloop implementation.

  • WTO launches US$50m fund for women entrepreneurs in developing countries

    ABU DHABI, UAE - The director general of the World Trade Organization, Ngozi Okonjo-Iweala, on Sunday launched a $50 million fund...

    The director general of WTO said the "ground-breaking initiative... embodies our collective commitment to empower women".

    The fund will help businesses run by women in developing countries to adopt digital technologies and increase their online presence.

  • Binaa Al Bahrain aims to create expansive mixed-use projects

    ABU DHABI, UAE – Chairman of Eagle Hills International Mohamed Alabbar has said that US$4 billion joint venture Binaa Al...

    Binaa Al Bahrain aims to contribute to Bahrain’s long-term development through its iconic projects.

    The JV aspires to create job opportunities for Bahrainis in the real estate, hospitality and healthcare.

  • Qatar to ramp up gas output with new mega field expansion

    At the start of this month, Qatar said it would supply 7.5 million tonnes of LNG per year for 20 years...

    The expansion, will add a further 16 million tons of LNG per year to existing expansion plans

    Qatar is one of the world's top LNG producers alongside the United States, Australia and Russia

  • Saudi Arabia announces major gas discovery in Jafurah

    Riyadh, Saudi Arabia--Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz revealed on Sunday that an additional 15 trillion...

    The Saudi energy minister said that reserves at Jafurah had reached 229trn cubic feet of gas and 75bn barrels of condensates

    The Jafurah gas field, in Saudi Arabia's eastern province, is the largest liquid-rich shale gas play in the Middle East

  • Ford halts shipment of F-150 EVs

    It will carry out quality checks on pickup trucks.

    The automaker said the shipments were stopped on Feb. 9, but did not say when it expected to resume shipments

    The company began shipping this week the first newly designed gas-powered 2024 model F-150 pickups to dealers

  • Global challenges hit M&A activity in Middle East, GCC

    Sovereign Wealth Funds emerge as pivotal players, driving economic diversification and strategic cross-border partnerships, says Riccardo Molinari of Bain &...

    Sovereign Wealth Funds emerge as pivotal players, driving economic diversification and strategic cross-border partnerships, says Riccardo Molinari of Bain & Company.

    With a spotlight on sustainability and strategic growth, 2024 holds optimistic prospects for merger and acquisition activity in the Middle Eastern region, including GCC.

  • Ratcliffe unveils electric Ineos car

    Jim Ratcliffe is the co-owner of the Manchester United.

    Ratcliffe, 71, earlier this week completed a deal to become co-owner of Manchester United, with a pledge to drive the English football giants to renewed success

    On Friday, Jim Ratcliffe noted that a desire by subsidiary Ineos Automotive to produce zero-carbon cars was hampered by how far they could travel without a recharge