- Careem, the vehicle-for-hire firm, has set its sights on raising some $500 million from investors, including regional sovereign wealth funds.
The firm owned by Uber will use the money to bankroll an expansion into services different from ride-hailing
It has already held talks with Saudi Arabia’s Public Investment Fund and Abu Dhabi’s ADQ to raise the funds
- European benchmark Brent North Sea crude climbed 5.1 percent to $116.80 per barrel in morning deals. New York's WTI contract...
Brent tumbled as low as $105.60, having hit a peak of $139 just two days before, as the Ukraine crisis continues to send shockwaves through markets.
The UAE said Wednesday it would urge fellow states in the OPEC oil producers' cartel to boost output.
- DP World of the UAE has posted a twenty six percent increase in revenue to $10.8 billion in 2021, despite...
In a statement the company said that the revenue hike was “supported by acquisitions and new concessions including Angola, Unico, and Transworld”
“We expect our portfolio to continue to deliver growth,” commented CEO, Sultan Ahmed Bin Sulayem
- The Saudi Ministry of Defense (MoD) announced the closing of 23 deals worth more than SR 13 billion ($3.46 billion)...
The MoD signed five deals with the Saudi Arabian Military Industries (SAMI): two with Royal Saudi Land Forces and three with the Royal Saudi Naval Forces.
The SR 6 billion deal with SAMI includes providing advanced communication systems, armored vehicles, ammunition, and maritime systems.
- Plant-based base oils are made from sustainable feedstock sources, such as palm, soy, coconut, and rapeseed.
Voyager PX Green is developed specifically for petrol engines and Voyager DX Green for diesel engines
The technology is said to be the first approach in the region to be made entirely from plant-based oils
- The tools help groups automatically reject posts with false info.
More than 1.8 billion people per month use Facebook Groups, which allow members to gather around various topics
Yet, critics have said the groups are ripe targets for misinformation as they sometimes have large audiences of like-minded users
- Tetra Pak Arabia Managing Director Niels Hougaard explains what lies ahead for F&B companies — bith regionally and globally —...
Pollution and plastic litter in the ocean are the joint top environmental worry, while global warming is a close second
GCC countries have launched several initiatives to educate consumers about recycling and sustainable consumption
- In 2021, the Sharjah Airport served more than 7 million passengers with more than 57,000 aircraft movements and approximately 1.2...
The volume of cargo in 2021 crossed 140,717 tons, while the volume of sea-air cargo reached 18,696 tons, a 22.27 percent increase from 2019.
The airport renewed the ACI’s Airport Health Accreditation (AHA) for the second consecutive year.





















