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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.
  • Lebanon power cuts turn cafes into coworking spaces

    For the patrons filling Beirut's cafes these days, the most important things are good lighting and stable wi-fi.

    The power cuts have left many already with no option but to plant themselves in cafes all day

    The 23-hour power cuts and the falling quality of many internet connections have complicated matters

  • Boeing sells 34 cargo planes to Qatar Airways

    This deal with Qatar Airways should boost Boeing and its latest widebody plane the 777X.

    Qatar Airways also has purchase rights for another 16 777X cargo planes

    It also signed a letter of intent to buy 25 737 MAX planes worth $6.7 billion

  • Low-code, no-code tools decode GCC’s digital gains

    The growth of low-code tools, heightened by digital transformation, is expected to bring about general employee upskilling across several industries...

    Businesses adopt many tools when they are going through a digital transformation

    They are often categorized as low-code or no-code, depending on how much programming they need

  • Business accelerator set to develop cybersecurity sector in Saudi Arabia

    Saudi National Cybersecurity Authority (NCA) has launched a business accelerator specialized in the foundational technologies and priority emerging technologies in...

    The launch of the accelerator comes in a strategic partnership with the Saudi Information Technology Company (SITE)

    The accelerator will support the most growing sectors in cybersecurity by activating national and international partnerships

  • New York Times buys ‘Wordle’

    The deal was made for an "undisclosed price in the low seven figures."

    Created by engineer Josh Wardle, the game consists of guessing one five-letter word per day in just six tries

    Now millions play it daily, fueled in part by the ease of sharing spoiler-free results on social media

  • Social media dominate popular websites in region

    Globally, the top three websites -- Google, Youtube and Facebook -- woo more than 152 billion visits monthly, outpacing the...

    Beside Google, Youtube and Facebook, there are a few other online giants who have unmatched dominance in the cyberworld.

    Together, the top three websites woo more than 152 billion visits monthly, outpacing the next 47 websites combined

  • Egypt finalizes pact with Siemens to run high-speed train line

    Egypt’s Ministry of Transport will sign a contract with Siemens to implement the second high-speed train line in the country....

    The new line will extend from 6th of October city to Aswan, with a length of 925 kilometers (575 miles approx).

    The cost of this project will be financed through a soft foreign government loan and the state's general budget.

  • Saudi defense company AEC to display modern technology at LEAP

    The Advanced Electronics Company (AEC), a Saudi Arabian Military Industries (SAMI) company, will participate in LEAP technology conference, a global...

    AEC will display a complete range of solutions, systems, and products, including its flagship cybersecurity technology Data Diode.

    The conference is organized by the Saudi Ministry of Communications and Information Technology.

  • Abu Dhabi Chamber and Mauritius EDB sign trade agreement

    The Abu Dhabi Chamber of Commerce and Industry has signed a cooperation agreement with the Economic Development Board of Mauritius...

    The agreement will establish a framework for developing stronger business relations between the parties.

    The two sides will organize prospective business missions, study trips, commercial events, trade fairs, exhibitions and seminars.

  • IACE President warns Tunisia as a state can collapse

    The President of the Arab Institute of Business Leaders (IACE) Taieb Bayahi has warned that Tunisia as a state could...

    He added that it is necessary to save the remaining urgently, stressing that "the current economic situation does not allow us to waste any more time

    In a report published this month, the forum ranked Tunisia among the five countries threatened by the spectre of the collapse of the state