UAB net profit up 80% in Q1
Business
Glaxo buys Bellus for US$2bn
Business
Ericsson Q1 net profit at $155m Â
Business
Saudi Arabia aims to build ties with Canada in scientific and research fields
Riyadh, Saudi Arabia-- Saudi Arabia is exploring investment opportunities in education and aiming to attract investments to the kingdom from...
Business
EGA starts 2nd phase of Al Taweelah smelter expansion ahead of schedule
Emirates Global Aluminium (EGA) has announced the start-up of the second phase of its expansion to Al Taweelah smelter in...
Major Middle Eastern operators commit to open RAN future
Five of the largest operators in the Middle East - Etisalat Group, STC, Zain Group, Mobily, and du - have...
Saudi Arabia invites bids for Jazan sewage treatment plants
Saudi Arabia authorities have invited bids from interested parties to develop small sewage treatment plants at Jazan, said local reports...
Tadawul in deal with SIX Group
The two will deal in Exchange products like cross listing & facilitate investors.
French firm to turn grain from Lebanon blast into compost
A French firm aims to turn tonnes of rotting grain at Beirut's devastated port into compost, the company said ,...
Emaar marks sukuk listing with bell
Emaar Chairman rings Nasdaq Dubai bell to celebrate $500m Sukuk listing.
ENOC Misr to blend, fill lubricants at Egypt plant
A three-year partnership between ENOC Misr, a joint venture between Proserv. Egypt Group and the UAE’s ENOC, will allow the...
What ails restaurant sector in Kuwait?
*Shortage of qualified workers, delay in vaccination and timing restrictions are affecting the sector negatively *Small restaurants and cafes especially...
Hyde to develop a five-star hotel in Dubai, first outside the US
Hyde will work with Emerald Palace Group to develop the property The hotel will be located in Business Bay For...
Branson finally heads for space 17 years after founding Virgin Galactic
Virgin Galactic boss is hoping to finally get the nascent space tourism industry off the ground Branson's official role is...
Company News
UAB net profit up 80% in Q1
Business
Glaxo buys Bellus for US$2bn
Business
Ericsson Q1 net profit at $155m Â
Business
Latest News
Tata to build car battery factory in UK
The $5.2bn factory is expected to create up to 4,000 jobs.
Business
Almarai trust certificates raise $750m
The dollar-denominated certificates have annual return of 5.23%.
Business
Most Read
Business
ADIA acquires hotel portfolio
The portfolio comprises 27 hotels across Japan.
- The portfolio was acquired from Daiwa House Industry for $900 million and comprises a total of 7,124 hotel rooms.
- The acquisition was made along with a consortium led by Singapore-based private equity real estate firm, SC Capital Partners and Goldman Sachs Asset Management.
Economy
Saudi Arabia tops MENA region in venture capital investment during H1 2023
Riyadh, Saudi Arabia - Saudi Arabia is the top-ranked country in the MENA region in terms of Venture Capital funding...
- The Kingdom accounted for 42 percent of the total capital deployed in the region during H1 2023, up from 31 percent in 2022.
- -commerce and retail were the highest sector in the Kingdom by the amount of funding and by number of deals in H1 2023
Economy
Sharjah Chamber, Costa Rica discuss boosting economic ties
Sharjah, UAE--The Sharjah Chamber of Commerce and Industry (SCCI) and Costa Rica have discussed ways to advance bilateral economic relations....
- Discussions focused on strengthening commercial and industrial cooperation and investment among the private sector organizations and institutions
- The chamber noted the incentives, privileges, and various forms of support and assistance offered by the emirate to foreign companies