UAE foreign investment projects second highest in world: UNCTAD
Abu Dhabi, UAE -- The UAE recorded the second-highest increase in the number of new foreign investment projects around the...Business Economy
Google to invest US$1bn in UK data centre
It will meet growing demand for internet services in the region.Business
Gulf countries warm up to waste-to-fuel plans
Here’s a broader look at how the region has prioritized solid-waste recycling and the production of alternative fuels to deal...Solid waste management is one of the most critical challenges facing all GCC countries
Construction waste accounts for 53% of the total solid waste generated in the Gulf countries
Fitch Ratings says Saudi corporates’ funding mix is evolving
Saudi corporates’ funding mix is evolving, with the debt capital market for firms increasing noticeably and averaging a 10 percent...Fitch also expects the large Islamic banking sector to drive domestic sukuk growth
Local Sukuk issuances have steadily grown in the local capital market, totalling 41 percent of DCM activity in 2021
UAE and Saudi stocks post gains this week
The UAE and Saudi stock markets posted considerable gains this week even as oil prices took a dip with the...TASI rose 15.7 percent during the first quarter of 2022
Abu Dhabi index rose 17.2% over this quarter while the Dubai index grew by more than 10%
DEWA to increase shares for retail investors to 760 million
DEWA has decided to increase number of shares from 260 million to 760 million to be offered to retail investors...This means the number of shares offered in the DEWA IPO has increased from 8.5 billion ordinary shares to 9 billion ordinary shares
Based on the previously announced price range of AED2.25 to AED2.48 per share, the Retail Tranche will now be between AED1.71 billion and AED1.88 billion
Iraq exports oil worth $11bn in March, a fifty-year record
Iraq exported $11.07 billion of oil last month, the highest level for half a century, as crude prices soared amid...The figures published late Friday are preliminary data but final data "generally does not vary" much
Oil revenues are financially crucial for Iraq's government, with the country mired in a financial crisis
Iran to face off with US and England in football World Cup
Having fought to win the respect of Iran's football public, Dragan Skocic now has a World Cup showdown with England...England manager Gareth Southgate admitted he knew little about the Iranian team his side will face on the opening day of the World Cup
FIFA has been urged to punish Iran for refusing to let women into a stadium for their last World Cup qualifier against Lebanon this week
Binance, crypto firm, to hire more than 100 people in UAE
Binance, the world's biggest crypto exchange in trading volume, will hire more than 100 people in the UAE, days after...The firm's links with the Gulf state have deepened in recent months as the UAE tries to style itself as the world’s new digital assets hub and develops regulation
The $2.1 trillion crypto sector is still subject to patchy regulation across the world. US sees high risks in crypto
India and Australia sign trade deal to cut tariffs
India and Australia signed an interim free trade deal on Saturday that cuts tariffs on billions of dollars of commerce...Both signatories are members of the Quad alliance with the United States and Japan, which is seen as a counterweight to an increasingly assertive China
Two-way trade reached around $27.5 billion last year according to New Delhi, with resource-rich Australia exporting coal and other commodities, along with sheep meat
Aldar buys Ras Al Khaimah’s Rixos Bab Al Bahr hotel in $210m deal
Aldar Investment acquired the 715-room hotel that opened its doors in 2014, marking the company's second investment in the emirate...Aldar Investment acquired the 715-room hotel that opened its doors in 2014, marking the company's second investment in the emirate this year
Aldar Investment has also secured development rights for an additional 250,000 square feet for residential and commercial use, it said in a statement
Dubai’s real estate market to ramp up going forward: Report
Over 84 percent of real estate professionals expect competition within Dubai’s real estate market to ramp up going forward, according...More than two-thirds (68 percent) of respondents in Dubai said they had experienced growth over the previous twelve months
In November 2021, Dubai registered the best month of sales on record, with a total of 6,989 transactions worth AED17.95 billion
