Cornerstone laid for $40 million logistics park at King Abdulaziz Port
Riyadh, Saudi Arabia -- The cornerstone was laid for an integrated SAR150 million ($39.99 million) Logistics Park at Dammam's King...Business
CBD and Infinios announce pact
Both will work to support the growing fintech market in UAE.Achieving the financial inclusion objective of the UAE one of the aims behind partnership.
The partnership will help Infinios to expand its regionally unique banking-as-a-service solution (BaaS).
Arab influencers use Instagram for global branding
As the 'influencers' phenomenon gets popular on social media, many of them in the Arab world have ridden the Instagram...Instagram is currently one of the most powerful channels for brands and SMBs
In the post-pandemic era, brands can be developed and sustained without physical stores
UAE discusses trade partnership with South Korea
The UAE and South Korea have discussed the prospect of pursuing a Comprehensive Economic Partnership Agreement to strengthen economic ties,...The negotiation process for this agreement is set to begin soon
It is expected to cover issues like market access to goods and services, ecommerce, and carbon neutrality
ADQ to buy remaining 20 percent stake of Daman
ADQ has entered into a definitive agreement to acquire the remaining 20 percent equity stake of The National Health Insurance...Since 2006, Daman has grown to become the nation’s largest health insurance provider
As a partner to ADQ, Munich Re will continue to be Daman’s reinsurer
Egypt ties up with Japan, France to build 500 MW wind farm
A consortium of companies has signed a 20-year deal with the Egyptian Electricity Transmission Company (EETC) to develop, construct and...The Nasdaq Dubai and Egypt stock exchange listed company did not disclose a value for the project
The project is subject to financial close, after which the wind farm will be implemented in 30 months
A deposit to fund green projects in Middle East
HSBC UAE has managed to secure the first green deposit from Saudi British Bank (SABB) through its new program dedicated...The deposit will be used solely to finance green initiatives
HSBC launched in June its Green Deposits offering for commercial and institutional clients in the UAE
Mubadala Capital buys Taco Bell franchisee
Mubadala Capital, the financial investment arm of Abu Dhabi’s sovereign investor Mubadala, has acquired one of the largest Taco Bell...Mubadala Capital bought K-Mac Holdings Corp from Lee Equity Partners Opportunities Fund
Mubadala Capital has invested about $1.8 billion in the F&B sector in the past seven years
Savills says GCC real estate to benefit from global migration
The Middle East’s real estate sector may benefit from the return of global population movement to pre-pandemic levels in 2024.Improvement in global migration has pushed the real estate sector to “new heights”
This also comes as governments in the regions have gradually lifted pandemic-related restrictions on consumer activities
Sukuk momentum may continue over the medium term on investor appetite: Fitch
Sukuk momentum is expected to continue over the medium term supported by intact investor appetite, funding diversification and refinancing needs,...Sukuks amounting to $57.3 billion were issued in the GCC region, Malaysia, Indonesia, Turkey and Pakistan in the third quarter of 2021.
Global outstanding sukuk reached $775.4 billion in the third quarter, 2.8 percent higher than the previous quarter.
UAE, Senegal to set up joint business council
The MoU was signed on the sidelines of the Expo 2020 Dubai in the presence of President Macky Sall of...For the UAE, the MoU signatory was Abdullah Mohamed Al Mazrouei, Chairman of the Federation of UAE Chambers of Commerce and Industry
For the African country, it was Aba Traore and Elimane LAM on behalf of the Consortium of Employer’s Unions of Senegal
