ADX launches $17bn ‘Growth Market’ for private sector listings

ADX said in a statement that as it replaces the Second Market, the Growth Market will continue to target startups, family businesses, and early growth companies

It will allow companies to kickstart their path to joining capital markets through a direct listing, without the need for an initial public offering

Ship with 750 tonnes of fuel sinks off Tunisia coast

The Equatorial Guinea-flagged Xelo was headed from the Egyptian port of Damietta to the European island of Malta when it requested entry to Tunisian waters

It began taking water around seven kilometers (over four miles) offshore in the Gulf of Gabes and the engine room was engulfed

Dubai Investments makes $258m profit from Emicool deal

Iran-Oman trade reaches a record $1.3b: Envoy

Ali Najafi said that during the last Iranian year which ended on March 20, Iran’s exports to Oman were worth 716 million dollars

Ambassador revealed that among Iran’s neighboring countries Oman ranks 6th in importing goods from Iran

Dubai watches with awe rare rough ruby

The 8,400-carat stone -- nicknamed Burj Alhamal and weighing 2.8 kilograms (over six pounds) -- was mined in Tanzania and made its debut at a Dubai hotel on Friday

Local reports have suggested the rough ruby with greenish and dark-purple hues could fetch up to $120 million

GCC exchanges recoup their losses

The Abu Dhabi index fell 1.3 percent on Thursday, its biggest daily fall in more than a month

The Dubai index on Monday climbed 1.3 percent to its highest in the previous two weeks

Over 1m medical tourists visit Iran in a year

Most patients come from neighboring countries including Iraq and Afghanistan, Head of the tourism office at Iran’s Ministry of Health Mohammad Reza Tarjoman said

Tarjoman said there are 200 medical centers that have permission to accept foreign patients underlining that Iran is ranked 46 worldwide in the area of health tourism

Why few brands lag behind in sustainability game?

Winning brands decide which specific sustainability topics they want to use to actively engage with consumers

To bring sustainability messages authentically to consumers, the best brands develop a sensitive consumer-engagement strategy

Tunisia tourism revenues climb 48% to $200m by April 10

Cumulative labor income saw a 15.3-percent rise to TND1.9 billion ($633.71 million) on April 10

This was against the TND1.6 billion ($533.42 million) on the same day in 2021

Dubai saw weeklong real-estate transactions worth $2.12bn

The Land Department data showed the sale of 246 plots worth AED1.49 billion ($405.72 million) last week

Meanwhile, 1,312 apartments and villas were sold for a total value of AED 2.96 billion ($805.99 million)