Business - TRENDS MENA

The Dubai real-estate market recorded transactions amounting to more than AED1.53 billion ($417.72 million) on Monday, April 11.
Dubai saw 403 sales worth AED1.12 billion (around $305 million) and 80 mortgage deals of AED414.07 million ($112.73 million)
The emirate also saw 10 gift transactions that amounted to AED18.32 million (almost $5 million) on Monday
The invasion of Ukraine was a major wake-up call globally for both governments and private firms. Small-to-medium businesses need to...
The number of cyberattacks against small-to-medium businesses has increased by 150 percent over the past two years, and the companies’ defenses have not grown accordingly
Shortage of workforce, which needs to grow by 65 percent for organisations to be able to sufficiently defend their critical assets, is adding to the cybersecurity woes
The Saudi Arabian Oil Company has outlined a clear strategy to continue to invest in both upstream and downstream segments,...
In March, Saudi Aramco said its net income increased 124 percent to $110 billion in 2021, compared to $49 billion in 2020
This was the result of higher oil prices, stronger refining and chemicals margins, and SABIC’s consolidation of full-year results
dnata, Dubai-based air and travel services provider, has unveiled a new 10,500 sqm cargo center at London Heathrow airport.
The new facility is part of the firm’s dnata City East complex, and will increase its capacity at Heathrow
It now operates 13 cargo centers at six airports in the country
Italian Prime Minister Mario Draghi arrived in gas powerhouse Algeria on Monday as Rome steps up efforts to reduce its...
Italy buys the vast majority of its natural gas from overseas, with over 40 percent of those imports coming from Russia.
Rome is hoping its second-biggest supplier Algeria can boost output via an undersea pipeline in order to provide alternatives.
The growth in Dubai cooling network occurred between 2018 and 2021.
The new total length of the district cooling network in Dubai is 446 times the length of Burj Khalifa, the world's tallest building.
The network expansion in 2021 is attributed to the new projects added to Empower's portfolio, most notably the Marsa Al Arab, and the expansions of Dubai Healthcare City.
SIIG, also known as Saudi Industrial Investment Group, has obtained the approval to buy all shares of Petrochem.
SIIG will now fully own Petrochem and as a result the latter will be suspended from trading on the Saudi Stock Exchange beginning Monday
The acquisition transpired as Saudi Arabian energy companies are restructuring their operations in response to a market that has lost some of its demand
Swedish firm said it was suspending its operations.
The telecom giant already announced in late February that it would stop all deliveries to Russia following Moscow's February 24 invasion of Ukraine
The company added that it was "engaging with customers and partners regarding the indefinite suspension of the affected business"
Saudi Arabia’s Eastern Province has launched 11 investment projects in Dammam metropolis. The Undersecretary for Investments and Revenue Development, Eng....
The launch of these investment sites is part of the objective of 40 investment projects with an area of 3 million square meters.
The duration of investment projects is 25 years, subject to extension, according to Undersecretary for Investments and Revenue Development, Eng. Hamdan Al-Aradi.
A leading magazine recently published Top 10 Richest Arab billionaires list and was criticized for ignoring many nationalities and known...
Forbes Middle East recently published “Top 10 Richest Arab billionaires” list and was criticized for ignoring many nationalities and known wealthy businessmen
Egyptian billionaire businessman Nassif Sawiris with $7.7bn topped the Forbes Middle East list, followed by Algerian Yassaad Rabab and family at $5.1bn