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ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

  • Iraq keen to benefit from Egypt: Central Bank Governor

    Iraq is keen to benefit from the Egyptian Investment Authority, the Governor of Iraq’s Central Bank Mustafa Ghaleb said on...

    Iraq’s Central Bank Governor Mustafa Ghaleb met Mohamed Abdel Wahab, CEO of the Egyptian General Authority for Investment and Free Zones

    Mustafa Ghaleb praised "the development witnessed by the Arab Republic of Egypt in all sectors, especially the business and investment sector"

  • SHUAA helps Anghami to list on NASDAQ

    Last year, the firm helped Anghami in arranging $30 million investment.

    SHUAA has been working closely with the Anghami team as an advisor and investor to further develop and secure the PIPE investment and deliver a successful listing on NASDAQ

    Founded in 2012, Anghami is the first music streaming platform in the Middle East and North Africa (MENA)

  • Lebanon women get FAO grants to fund their businesses

    Four women groups from the South, the North, Mount Lebanon, and the Bekaa received grants.

    The grants were disbursed under the project Support to Women’s Cooperatives and Associations in the Agri-food Sector of Lebanon

    Funded by Canada, the project is implemented by the FAO and Lebanon’s Ministry of Agriculture and the General Directorate of Cooperatives

  • Saudi, UAE indices fluctuate through the week

    From oil prices to company stocks buoyed by positive results, several factors resulted in changes in key benchmark indices.

    Emaar Properties’ 1.7 percent share price reduction weighed on the index on Tuesday as it fell 1 percent

    With the Commercial Bank of Dubai up 8.4 percent and Emirates NBD Bank up 0.8 percent, the Dubai index recovered previous losses

  • Meta debuts ‘personal boundary’ tool to curb harassment

    Horizon's anti-harassment feature makes an avatar's hands vanish if it tries to inappropriately touch another virtual character.

    The "personal boundary" function in the immersive platform puts a ring of space around users' digital proxies to prevent invaders to enter your avatar's personal space

    Facebook parent Meta has opened its Horizon Worlds virtual reality platform to the public in December

  • Saudi Telecom Company signs over 15 pacts at LEAP22

    The Saudi Telecom Company (STC) has signed fifteen agreements with major international companies, including Microsoft, Huawei, Ericsson, and Cisco, in...

    The company has already announced an initiative to establish a $1billion main digital center “MEAN Hub” for the Middle East and North Africa

    The company also announced an initiative to establish a factory to localize data centers in the Kingdom, in partnership with Huawei

  • Rockstar Games confirms Grand Theft Auto 6

    More than 230 million copies of Grand Theft Auto, referred to as GTA, have been sold overall.

    New York-based Rockstar Games did not say when Grand Theft Auto 6 would hit the street

    It also did not reveal how it would be different from the previous edition, released in 2013

  • Growth picks up as MENA drives into EV market

    Rising prices of metals, elements, and compounds used in EVs could be a headache, but the MENA region and the...

    EVs use more than the 1,400-odd chips that normal cars use has not helped matters

    Chip shortage and supply-chain bottlenecks could hamper EV adoption in the MENA region

  • Policy reforms help Saudi FDI inflow rise 326%

    The Kingdom seeks to increase its net FDI inflow by 1,816 percent between 2021 and 2030, raising it to $103.5...

    The Kingdom is likely to witness an increase in net FDI by 1,816 percent between 2021 and 2030

    The country’s wholesale and retail sectors issued more than 44 percent of new FDI licenses in Q4, 2021

  • Aldar Properties of Abu Dhabi put on sale 182 boutique flats

    Aldar Properties has announced that all 182 apartments at the second tower of its boutique Reflection project are now available...

    Reflection II is located at the heart of Reem Island, overlooking Abu Dhabi's mangroves, and with all units ready to move in during Q2 2022

    The second tower is being brought to the market to cater to specific demand from both home buyers and investors for high quality