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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.
  • Saudi index shines, UAE stocks ripple

    Global cues and local developments could not dampen the overall improvement.

    For Tuesday's eleventh consecutive trading day (December 14, 2021), the Dubai Stock Exchange index increased 0.9 percent.

    A 2.3 percent loss in First Abu Dhabi Bank's share on Monday (December 13, 2021) dragged down the index by 0.4 percent.

  • Jordan eyes investments with ICT growth

    Investment opportunities also exist in IT solutions for Jordan's financial sector and enterprise solutions and emerging applications. In addition, Jordan...

    Jordan's ICT sector generates 75 percent of the region’s Arabic internet content

    Jordan offers a competitive proposition for investment in content applications and e-learning with fairly priced broadband internet tariffs

  • Etihad launches WorldPass for frequent travelers from UAE

    Etihad Airways has announced a new travel solution aimed at corporate and frequent travelers booking from the UAE, said local...

    Etihad WorldPass is available for travel between the UAE and select destinations including the GCC, India, Pakistan, UK and Ireland.

    WorldPass guests can have unlimited free rebooking and cancellation, and the booking portfolio can be self-serviced and self-managed.

  • Dubai South and Huawei ink deal

    The pact entails building smart transportation ecosystem.

    They will also explore innovative solutions to support a mixed-traffic, intelligent transport system for autonomous and driver-assisted vehicles.

    The two entities will also develop and promote unified international cybersecurity standards to safeguard digital transformation projects.

  • Sheikh Mohammed launches largest tourism campaign ‘World’s Coolest Winter’

    UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum launched the second season of the World’s Coolest...

    The campaign highlights the diversity of the UAE’s tourism and recreational attractions.

    With an occupancy rate of 64 percent, the UAE outperformed the top 10 tourist destinations in the world.

  • Reddit to go public

    Reddit submits draft registration with the USSEC.

    The company said it had not yet determined the number of shares that will be offered nor the price range for the stock

    Created in 2005 by two students from Virginia, the discussion platform was bought in 2006 by Conde Nast, which publishes magazines such as Vogue, The New Yorker and Vanity Fair

  • QA arm expands Gulfstream fleet

    Qatar Executive is a business-jet subsidiary of Qatar Airways.

    Qatar Executive is a business-jet subsidiary of Qatar Airways

    It now has a total of 11 Gulfstream G650ER aircraft in its fleet

  • Saudi Arabia to dominate regional ecommerce

    Factors ranging from internet penetration to smartphone ownership to bank-account holdings, and more are coming together to make Saudi Arabia...

    The GCC will have the fastest ecommerce growth in the MEASA region between 2019 and 2022

    Ecommerce will help Saudi’s economic growth, with the domestic online market expected to reach $2 billion by 2025

  • Qantas picks Airbus over Boeing

    Boeing currently supplies much of Qantas' domestic fleet.

    Qantas Airlines committed to buying 20 Airbus A321XLR planes and 20 A220-300 jets from Airbus

    Boeing currently supplies much of Qantas' domestic fleet

  • Saudi Arabia looks to lead solar-cell industry

    Demand for PV technology will increase in 2022, says Fahad Bin Omairah, CEO of Bin Omairah Holding Company.

    Masdar is a state-of-the-art PV solar panels factory with a total capacity of 1.2 GW and a SAR700 million investment

    Solar panel systems are now priced $1-1.5 per watt