Business - TRENDS MENA

Saudi Arabia’s National Debt Management Center has closed the March 2022 issuance of Saudi riyal-denominated sukuk, valued at SR10.3 billion...
The issuance is divided into two tranches of SR3.5 billion and SR6.8 billion each
The first issuance matures in 2030 while the second one will mature in 2034
It is a first-of-its-kind center in King Abdullah Financial District.
This follows an increased number of fintech companies in the region
Saudi had witnessed a massive jump in venture capital investments in the fintech sector
The Saudi Electricity Co. has posted a 375 percent increase in net profit to $3.84 billion in 2021, according to...
The increase has been attributed to continuous “implementation of regulatory and financial reforms in the electricity sector"
the company’s board has proposed an annual dividend payout of SR0.7 per share
Israel is to launch direct flights to Sharm el-Sheikh on Egypt's Red Sea coast next month, in an expansion of...
The new air link had been discussed in September between Israeli PM Naftali Bennet and Egyptian President Abdel Fattah al-Sisi during Bennet's visit to Egypt last year.
Bennett said Israel was "opening up to the countries of the region and the basis for this longstanding recognition is the peace between Israel and Egypt".
Renewable energy company Masdar announced the formal start of construction for its 230-megawatt (MW) Garadagh Solar PV Plant in Azerbaijan,...
Masdar signed agreements to develop the Garadagh project, located nine kilometers northwest of the Alat settlement, in April last year.
The project will help generate half a billion kilowatt-hours of electricity annually, enough to meet the needs of more than 110,000 houses.
This comes as Etisalat aims to expand its footprint in Saudi Arabia.
Etisalat Group currently holds a 28-percent stake in Saudi-listed Mobily and it plans to see this going up to 50 percent
The Abu Dhabi-based firm, formally known as Emirates Telecommunication Group Co., has proposed a price of SR47 per share ($12.5)
The year 2022 marks the 50th anniversary of the company.
Sheikh Mohamed bin Saif Al-Nahyan, Chairman of ADNIC, said the distribution of 40 percent cash dividends demonstrated the company’s robust financial performance.
Futoon Hamdan Mohammed Al Mazroui was welcomed as the first woman to join the company's Board of Directors.
British Prime Minister Boris Johnson met with oil-rich Saudi Arabia's Crown Prince Mohammed bin Salman to lobby for higher production...
"It's not just a question of looking at the OPEC countries and what they can do to increase supply, though that is important," Johnson told British media
Saudi Arabia and the UAE, which are two of the world's biggest oil exporters have so far avoided taking a position against Russia.
GCC companies should work closely with digital and software companies to expedite digital transformation, says Fahad Al Hassawi, CEO of...
du is the second largest telecom service provider in the UAE, and its 2021 revenues grew by 5.4% to $3.19 billion
Agility will be key to the telecommunications industry and requires telecom operators to look beyond connectivity, says al Hassawi
In a first, the state-owned DEWA will be listed on the Dubai Financial Market by April as part of Dubai's...
Dubai Electricity and Water Authority plans to float 3.25 million shares, or a 6.5-percent stake, by April in what is expected to be Dubai’s biggest ever listing
The retail offering subscription will run from Mar. 24 until Apr. 2, while the qualified investor offering period will be from Mar. 24 to Apr. 5