Dubai records $1.57 billion in weeklong real estate transactions
Dubai, UAE -- A total of 1,721 real estate and properties transactions valued at AED 5.8 billion ($1.57 billion) were...Business
GCC business landscape evolves with rising AI tide
Companies in the region are leveraging artificial intelligence to enhance customer experiences, streamline operations, and stay competitive in the dynamic...Business
Saudi Arabia, UAE ripe for hydrogen investments
Green hydrogen has the potential to rapidly replace fossil fuels on a large scale, says Cranmore Managing Partner Yusuf Macun.Green hydrogen has a lot of potential particularly in heavy transport and heavy industries
Green hydrogen has the ability to rapidly replace fossil fuels while simultaneously enhancing electrification
ENOC plans Dubai compact stations
The first compact station opened at Dragon Mart 2 this month.After Dragon Mart and International City, the ENOC Group plans to open five more compact stations in Dubai
The remaining seven expected to be launched across additional locations by 2023
Governments helped arms firms avoid Covid-19 slump
Governments around the world passed measures to help their big weapons firms, according to the Stockholm International Peace Research Institute...Top 100 arms producers recorded rise in profits by 1.3 percent on 2019 to $531 billion
Of the top countries in the weapon industry, only France and Russia saw a fall in their firms' sales last year
Oxford Business Group, QDB report maps Qatar’s start-up and SME ecosystem
A new report produced by Oxford Business Group (OBG) in partnership with Qatar Development Bank maps out the country’s efforts to...The Business Journey Report combines analysis, key data and infographics relating to the socio-economic landscape.
The key focus for Qatar's vision 2030 is the country’s ongoing economic diversification and private sector development agenda.
OFID’s $80m loan expected to boost trade in Africa
The OPEC Fund for International Development (OFID) has signed an $80 million loan agreement with the African Export-Import Bank (Afreximbank)...The financial support will assist in boosting Afreximbank's liquidity to grow its loan portfolio as it finances exports and imports in critical sectors
The OPEC Fund's loan will address trade challenges impacted by the COVID-19 pandemic
Borouge awards EPC contracts
The $6.2 bn contracts are meant for expansion in RuwaisWith this expansion, Borouge said it will become the world’s largest single-site polyolefin complex.
Borouge 4 will boost the company’s annual polyolefin production to 6.4 million tons.
Multiply Group starts trading on ADX
The IHC subsidiary starts trading under the ticker MULTIPLY.Multiply Group will become the eighth IHC subsidiary to list on the ADX in less than a year.
The group has assets of AED8.16 billion ($2.2 billion) and 3,240 employees.
Metaverse hype fuels digital-property boom
Metaverse has been a Silicon Valley buzzword for months, but interest soared in October after Facebook's parent company renamed itself...As far back as 2006, a real-estate developer made headlines after making $1 million from land sold on the virtual world site Second Life
While Second Life remains active, proponents of its next-generation rivals are benefiting from VR technology and NFTs
Jordanian exporters association seeks to bridge trade imbalance with Turkey
According to official data, Jordanian exports to Turkey in the first 8 months of the current year dropped by 10...According to official data, Jordanian exports to Turkey in the first 8 months of the current year dropped by 10 percent to JD29 million
Turkish imports to the Kingdom in the same period surged by 25 percent to a total of JD303 million
Cross-sector deals boost Saudi-French ties
The Gulf country has welcomed the increased cooperation of French companies, including in energy, water, and waste management, sustainable cities,...The Saudi Arabian Airlines Corporation has ordered CFM engines worth $8.5 billion for its Airbus fleet
Saudi Aramco also signed deals with French companies to exercise its diversified energy portfolio
