Business - TRENDS MENA

Aldar and EWEC sign clean energy deal
EWEC will supply clean energy to all Aldar owned and managed assets.
Aldar has increased its ESG ratings within two major global benchmarks, the Dow Jones Sustainability Index and Sustainalytics.
EWEC is one of the key parties enabling the implementation of Abu Dhabi’s Clean Energy Certificate scheme.
Sharjah Chamber and Syria look to boost mutual trade
Sharjah and Syria are looking at ways to increase economic relations and enhance partnership between businessmen and traders.
In this regard The Sharjah Chamber of Commerce and Industry (SCCI) received a Syrian delegation led by Kinan Zahreddine, Syrian Consul-General in Dubai
The meeting also reviewed potential investment opportunities to support economic cooperation and enhance the partnership between businessmen
AD Ports, Eni Abu Dhabi sign pact
The two firms will establish a marine logistics base at Mugharraq Port.
Mugharraq Port was recently recognized as an international port facility.
Its new status enables it to receive and service a host of international and local vessels.
Covid restrictions hit spending, slowing eurozone growth
Economic growth in the eurozone slowed sharply in January, a key survey showed Monday, as new coronavirus restrictions hit consumer...
IHS Markit said that the sky-high caseloads for the highly contagious Omicron variant had disrupted consumer-facing services through staff absences
Tourism, travel and recreation were "especially hard hit", said Chris Williamson, chief business economist at IHS Markit
Israel okays UAE joint fund for high-tech investment
The Israel government has approved the plan for a joint fund with the UAE for investment in high-tech firms and...
The proposal was brought to the government by Israel’s Minister of Foreign Affairs of the State Yair Lapid
It was co-sponsored by the country’s Minister of Foreign Affairs of the State Orit Farkash Hacohen
Investcorp inks $4bn deals in US
It acquired properties worth $2.5 billion, and made sales of $1.5 billion.
Invescorp expanded its US platform with focus on industrial and residential sectors
The team has acquired over 200 properties in 2021 worth $2.5 billion and has sold for $1.5 billion
Israel Cabinet to probe submarine procurement corruption
Prime Minister Naftali Bennett, who ousted Benjamin Netanyahu in June, abstained from the vote to set up the inquiry, citing...
The Israeli cabinet voted to establish a formal inquiry into the "submarine affair," which concerns a multibillion-shekel deal to acquire vessels from Thyssenkrupp
David Shimron, Netanyahu's personal lawyer and cousin, was charged with money laundering in connection with the 2012 naval procurement
Evergrande undergoes rejig
A state firm official was appointed to the Chinese firm’s board.
Evergrande has been teetering on the brink for months owing to its struggles in servicing a debt pile of more than $300 billion
However, its shares ended up nearly 4 percent higher on Monday after news emerged of government intervention in its operations
SINOPEC inks Iraq gas deal
The contract includes training workers to keep up with the sector,
Iraq has signed contract with to develop the Mansouriya gas field in Diyala in the Anbar Governorate
This deal represents an addition to the investment of free gas from the Mansouriya field
New business deals bring KSA, South Korea closer
The two countries are working on a broader strategy to strengthen collaboration in health care, science, technology, hydrogen, public health,...
The visit was part of a broader strategy to strengthen bilateral collaboration in health care, science, technology, hydrogen, public health, and artificial intelligence
The two countries signed 15 agreements totaling $8.2bn in 2019

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