Total M&A market drops to US$3.2trn in 2023, says report
DUBAI, UAE - The total M&A market dropped 15 percent, to US$3.2 trillion, the lowest level in a decade, as...Business Economy
Jordan’s EMRC grants approvals for EV charging infrastructure
AMMAN, JORDAN - The Energy and Minerals Regulatory Commission (EMRC) has issued over 300 authorizations for the installation of electrical...Business Energy Geostrategy
Prodded by high oil prices, Saudi stocks gain in initial trade
Spurred by yet another round of increase in oil prices, shares on Saudi stock exchanges opened higher on Sunday with...In energy markets, oil prices closed the week higher with Brent crude gaining $1.29 to $107.93 a barrel, while WTI crude up $1.72 to $104.70 a barrel
Anaam International Holding Group rose 6 percent to lead the gainers, while Bupa Arabia for Cooperative Insurance Co. fell 2.2 percent leading the fallers
LNG projects in the Gulf of Mexico boosted as Russian gas alternative
The White House had earlier said that "federal policies are not limiting the production of oil and gas."Tellurian's future liquefaction plant will export 3.6 billion cubic feet LNG per day once completed
The US administration has also said that supply must keep up with demand of energy for the short term
Cloud plaint hits Microsoft
The tech giant is being accused in Europe of stifling competition.Three companies have lodged a complaint with the European Commission against Microsoft
They have accused the US technology giant of anti-competitive practices in its cloud services
GCC airfares soar as oil prices rise
The amplifying factors include sanctions against Russia’s aviation sector, which cast a global pall over the aviation industry.Several Arab airlines have decided to raise the prices of their tickets slightly
Kuwait’s Jazeera Airways increased fares to all destinations from March 7
UFC, martial arts group, to return to UAE in October
The world’s premier mixed martial arts organization UFC will return to UAE in October 2022 at Abu Dhabi Showdown Week...The UFC 281 will be the third event of a five-year partnership between DCT Abu Dhabi and the UFC
It will mark the promotion’s 17th overall event in Abu Dhabi, dating back to UFC 112: INVINCIBLE in April 2010
Expo 2020 achieves another milestone, records 20m visits
Expo 2020 Dubai, the largest global gathering since the start of the pandemic, reached the milestone of 20 million visits...Dubai Expo 2020 is the biggest event ever to be held in the Arab world with cultural, numerous educational and entertainment experiences
The appearances of Global leaders, sporting heroes, renowned artists and superstars formed some of the 32,000 events and attractions at the Expo
After a week of losses, GCC indices post gains
After a week of losses, the Saudi index posted 0.9 percent increase even as the uncertainty spurred by the Ukraine...The shares of Etihad Etisalat (Mobily) jumped 9.9 percent after the Emirates Telecom Group submitted an offer to increase its stake
Amlak Finance fell by about 10 percent, while Emirates NBD Bank fell by 3.7 percent
Qatar’s Invincibles stir up World Cup hopes
When Al Sadd wrapped up a second straight Qatar title by stretching their unbeaten league run to 49 games, they...Al Sadd's squad contains the bulk of Qatar's national side, as well as a former Arsenal star Santi Cazorla and ex-Premier League regular Andre Ayew
"Most of Al Sadd's players are internationals and this (success) stimulates enthusiasm, courage and the desire to be fully ready for the World Cup," the 24-year-old told AFP
Saudi Arabia inks MoU with Amazon to promote digital services, e-commerce
The Saudi Arabia’s Ministry of Investment (MISA) announced on Friday that it has signed a Memorandum of Understanding (MoU) with...Saudi Arabia and Amazon will form a joint committee consisting of members from each party that will meet twice a month to explore reforms across a range of areas
The committee will also work with relevant public sector entities to deliver support and incentive programs to accelerate the growth of digital services and e-commerce
Saudi Arabia wins Best Pavilion at Expo 2020 Dubai
The pavilion of Saudi Arabia in Expo 2020 Dubai has been awarded Best Pavilion by EXHIBITOR magazine.The Saudi Pavilion has already won the Platinum Certificate in LEED by the US Green Building Council
It also holds three world records: the largest interactive light floor, the longest interactive water curtain, and the largest interactive digital screen mirror
