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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.

  • Etihad signs China deal

    The airline will work with the Henan Province Airport Group.

    The virtual MoU was signed during the virtual Zhengzhou Week event at the China Pavilion at Expo 2020 Dubai

    It is said to contain plans for Etihad’s potential operation of regular cargo services between Abu Dhabi and Zhengzhou

  • Binance gets nod to become crypto asset service provider in Bahrain

    The regulatory approval, the first in the Middle East and North Africa region, may push Binance to set up its...

    The regulatory approval, the first in the Middle East and North Africa region, may push Binance to set up its headquarters in Manama

    The second regulatory approval for Binance has come from Canada, which has approved a money services business license

  • Saudi Central Bank seeks consultation on real estate refinance regulations

    The Saudi Central Bank "SAMA" has released a public consultation on rules for regulating the business of real estate refinance...

    The draft can be reached by visiting Public Consultation Platform affiliated with the National Competitiveness Center at https://istitlaa.ncc.gov.sa.

    SAMA has invited the public, specialists, and interested individuals to provide their views and observations on the rules within 30 days.

  • Abu Dhabi Global Market to begin Monday-Friday workweek from Jan 1

    Abu Dhabi Global Market (ADGM) has announced that it will commence a Monday to Friday working week from 1 January...

    ADGM said the new working week brings Dubai's business community and financial sector closer to global markets and real-time economic and trading activities.

    More than 3700 entities are registered with the ADGM and it has a strong pipeline of growth, said the IFC in a statement.

  • Jordan bank plans acquisition

    Central Bank will acquire the Societe Generale Bank Jordan.

    The acquisition is said to be part of a drive to expand the Central Bank's foothold regionally and domestically

    Its chairman Bassem Al Salem said the bank would also issue $100 million in perpetual bonds to help drive growth

  • Spider-Man first $1bn post-pandemic movie

    No Way Home has grossed $467.3 million in North America and $587 million internationally since its release earlier this month.

    Spider-Man has become the first billion-dollar-grossing film of the pandemic era

    The movie took an estimated $81.5 million in North America over the Christmas weekend

  • Evergrande vows to deliver homes

    The Chinese real-estate firm has $300 billion in liabilities.

    In recent months, Evergrande has repeatedly said it will finish its unfinished projects and deliver them to buyers

    This, despite the company having missed a payment of more than $1.2 billion earlier this month

  • Ecommerce changes GCC buyers, sellers forever

    As ecommerce expands, companies are becoming more aware of the region's shifting consumer behavior and needs, say experts.

    Retailers in the region are becoming more aware of the necessity to create ‘brand.com’ sites

    AR and AI will become more commonly used to improve the consumer experience

  • KPMG Lower Gulf revenues up, workforce rises by 21 percent

    KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021....

    KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021.

    Advisory grew 17 percent, Audit 4 percent and Tax & Legal Services at 8 percent, the firm said. 

  • Saudi Arabia Pavilion at Dubai Expo2020 records 2 million visitors

    Fireworks and laser lights were launched to announce the new record as pavilion’s employees and public gathered in the ‘opportunities’...

    This is a new record as nearly 30 percent of the total number of visitors to Expo visited the Saudi Pavilion since its official opening.

    The Kingdom's pavilion at Expo 2020 Dubai succeeded in increasing its visitors through its various economic events and cultural activities.