Business - TRENDS MENA

Dubai, Riyadh - Smartphone shipments in the Middle East and Africa (MEA) region witnessed a remarkable surge, growing by 30%...

The two companies will collaborate on aviation services.
Knowledge exchange will be a key focus under the terms of the agreement, and Thales will serve as a partner in diversifying Sanad’s business portfolio towards industrial services.
Sanad and Thales will work collaboratively on regional and international projects, wherein Sanad would lead on providing cutting-edge industrial systems.
Jadwa Investment of Saudi Arabia has launched a new Shariah-compliant real estate fund to the tune of $800 million. The...
The Riyadh-based company, which provides asset management and financial advisory, partnered with Tatweer Group, NUMU Holding Co. and Riyad Bank to launch this closed-ended fund
The fund provides investors with a stable stream of income by investing in differentiated, income-generating properties in the Kingdom
Sadara Chemical Co., a joint venture between oil major Saudi Aramco and US Dow Chemical Co., has posted a net...
On the back of higher selling prices, the giant JV, specialized in producing a wide range of specialty chemicals, erased losses of SR3.2 billion sustained a year earlier
The 200-percent increase in profit was coupled with a rise in revenue of over 67 percent to as high as SR17.6 billion during the year
New corporate laws and business-friendly policies give start-ups an upper hand in the UAE as they are predominantly created and...
Corporate reforms will make more people try entrepreneurship in the UAE, say businesspersons
The UAE recognizes that high levels of technical skills proficiency are essential to thrive in the digital economy
The pharmacy chain operator collected $500 million from shares buyers.
The operator of one of Saudi largest pharmacy chains, Al-Dawaa offered 25.5 million shares in an initial public offering, representing 30 percent of capital.
Al-Dawaa operates a network of pharmacies with over 800 outlets across 130 cities in Saudi Arabia. It posted a revenue of about 5 bn riyals ($1.3 bn) and profit of 246m
Paytm shares nosedived 13 percent Monday after Indian regulators banned the beleaguered payments platform from enrolling new customers and reports...
The firm enjoyed India's biggest-ever initial public offering four months ago, with the backing of Chinese tycoon Jack Ma's Ant Group and Warren Buffett's Berkshire Hathaway
India's central bank demanded Paytm immediately stop enrolling new customers on Friday and ordered an audit of its IT systems
The move comes after Facebook and Twitter were blocked in early March as part of sweeping efforts by Moscow to...
The move comes after Facebook and Twitter were blocked in early March as part of sweeping efforts by Moscow to control information available to Russians
Instagram appeared Monday on a list of "restricted" online resources on a list published by Russia's media regulator Roskomnadzor
The decision to raise the percentage of foreign investment in public companies is one of the most important steps to...
The decision to raise the percentage of foreign investment in public companies is one of the most important steps to include the market in global emerging market indices
Oman plans to list 35 state-owned companies in the next five years, with a focus on listing one or two firms from the oil sector during the current year
Jordan’s trade balance deficit with the European Union countries expanded by 12.9% in 2021 compared to 2020.
Total trade deficit reached about JD2.671 billion ($3.77 billion) in 2021
The value of national exports to EU countries increased by 29.9 per cent during 2021
Bahrain and the Netherlands discussed ways to strengthen cooperation and boost the youth sector in both countries through exchange of...
Both sides lauded the distinguished relations between Bahrain and the Netherlands in all fields
They also highlighted the major initiatives and programs launched to support the youth sector