TABUK, SAUDI ARABIA - Red Sea Global (RSG) has completed a US$522 million (SAR2 billion) financing agreement with Riyad Bank,...
AMMAN, JORDAN - The Iraqi Business Council, in collaboration with the Jordanian and Amman Chambers of Industry, is set to...
A total of 408 aircraft (269 firm orders and 139 commitments) were ordered at the Dubai Airshow, the first major...The orders covered the full range of commercial aircraft, including a first commitment for the A350F.
Air Lease Corporation signed a commitment for 111 aircraft, covering the full range of Airbus families.
AIQ and Baker Hughes have entered into an agreement to develop advanced analytics solutions for the global oil and gas...The initial project work will focus on developing AI solutions, analyzing drilling data and identifying opportunities for improved drilling trajectories
The project supports ADNOC’s plans to efficiently ramp up drilling activities as it boosts its crude production capacity to 5 million barrels per day by 2030
- Chinese e-commerce leader Alibaba Group said on Thursday that its profit for the most recent quarter tumbled 81 percent as...
Alibaba said profit came in at 5.37 billion yuan ($833 million) for the July-September period, falling from 28.77 billion yuan earned over the same stretch last year
However, its revenue for the period also slightly missed forecasts by analysts polled
The acquisition will support the telecom giant's digital ambitions.This partnership will empower consumers, enhance engagement, and drive diversification of our business, said Etisalat.
UAE is rated as one of the most advanced countries for online shopping and eCommerce market in the MENA region.
The region’s financial regulators must be extra vigilant to avoid catastrophic debt crises, Khalid Abdulla-Janahi, chairman of Vision 3, UAE,...Strong corporate governance framework is an integral part of ensuring clean flow of money and the GCC region is yet to make some improvements, says Khalid Abdulla-Janahi
The companies in the region should have independent board members and directors with fixed term role to ensure high level of corporate governance, the Vision 3 chief adds
- EDGE and Israel Aerospace Industries (IAI) have agreed to establish a maintenance center for a selection of IAI's systems in...
Omar Al Zaabi, Senior Vice President Head of Program Acquisition at EDGE and Boaz Levy, President and CEO of IAI, signed the agreement during a ceremony at the 2021 Dubai Airshow
In addition to maintenance, the centre will advance local marketing of these systems
- ADNOC Logistics & Services (ADNOC L&S) and AD Ports Group have signed an agreement to develop a new port and...
The facility will be a critical part of the supply chain for feedstocks and will store and load final products for export.
The partners will select an international operator to enter into a new joint venture and contribute to the development of the new port.
- The kingdom's sovereign wealth fund is critical to its economic goals as it channels returns from foreign investments into non-oil...
The Saudi Public Investment Fund raised its US-listed stock holdings to $43.4 billion in 2021 Q3.
The PIF is one of Lucid's most notable investors, owning approximately 62.7 percent of the company's shares.
Airfares to some destinations from Kuwait have dropped by 50 to 200 percent after operations at Kuwait International Airport resumed...Airfares on some destinations such as Turkey, Egypt, France, and Germany dropped by more than 50 percent .
Cost of travel to the UAE, Britain, India, and the Philippines have remained high compared to the airfares before the outbreak of the Covid-19 pandemic.
- Saudi Arabia has set up a $186.6 million worth solar panel factory in the Tabuk Industrial City to cater to...
Spread over more than 27,000 square meters, the factory will have an estimated production capacity of 1.2 gigawatts
The new Tabuk facility uses automated machines for its production, and employs latest international technologies in the field
