Lebanon judge charges Nissan employees for allegedly stealing Ghosn documents
BEIRUT, LEBANON - A Lebanese judge has charged four Nissan employees with the theft of documents and devices from the Beirut...
Geostrategy
MENA startups optimistic despite funding fluctuations
In January 2024, MENA startup funding dropped 34% to US$ 86.5 million across 33 deals, with the UAE leading, followed...
Business
Jordan’s online learning platform Edunation raises $3 million
The funding round was led by US investor Rubix The latest capital infusion will help the firm improve its operations...
Fewer restrictions, fast vaccination give Dubai edge in events sector
The emirate plans to host one of the biggest gas conferences and an African investor summit this year Dubai aims...
GCC-UK Trade Summit 2021 to boost trade, investment
Virtual event promises to catalyze a new era of economic collaboration Day-long summit will host discussions featuring high-profile investors from ...
Egis names Bob Hope as MD for Saudi Arabia
Hope brings over 15 years of experience in the region to Egis Globally, Egis has around 16,000 professionals generating over...
Blue hydrogen market will only take off after 2030: Aramco tech chief
Aramco tech chief says blue hydrogen production can’t be scaled up before 2030 He believes it works very similar to...
46% UAE consumers expect effects of pandemic to last another year
Increased vaccinations, protective measures, contactless in-store experience key to rebuilding UAE consumers' confidence 73% of consumers admit to have changed...
Volkswagen to stop sale of combustion engines in EU by 2035
The EU will unveil tougher 2030 CO2 emissions targets and regulatory proposals on July 14 The firm says it will...
Study puts UAE food & beverages sector at ‘medium risk’
Key challenges faced by the UAE food and beverages sector are limited pricing power, a surge in transport costs, and...
Yahsat announces IPO, aims to raise above $800m
Offer price range has been set at AED 2.55 to AED 3.05 per share The IPO will continue till 6...
A Kuwaiti online flower delivery company raises $27.5 million
Floward, founded in 2017, offers same-day delivery for fresh-cut flowers The firm also announced an expansion to the UK late...
Lebanon judge charges Nissan employees for allegedly stealing Ghosn documents
BEIRUT, LEBANON - A Lebanese judge has charged four Nissan employees with the theft of documents and devices from the Beirut...
Geostrategy
Company News
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Middle East tackles AI hurdles, embraces opportunities
The region, rich in history and culture, is expected to accumulate substantial global AI benefits, reshaping its traditional sectors and...
Business
Saudi Arabia and Bahrain to collaborate on speeding up sustainable development
New York, US--Saudi Arabia and Bahrain are looking to collaborate in order to speed up the sustainable development goals, aligning...
Economy
Qatar: Commercial Bank profit rises by 8.5%, Masraf Al Rayan’s dips by 24%
Doha, UAE - The Commercial Bank, a Qatari public shareholding company, experienced an 8.5 percent upswing in net profit, reaching...
Business
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Business
ADIB unveils fixed-rate home finance
In a UAE's first, Istikrar will offer long-term, fixed-rate home finance.
- The bank said that the new product offers customers more property financing options in the midst of a high-rate environment
- In January this year, the bank reported a net profit of US$985 million (AED 3.62 billion) in 2022, a 55 percent increase from the previous year
Geostrategy
Erdogan seeks foreign investment on Gulf tour, begins with Saudi Arabia
Turkish President Recep Tayyip Erdogan has embarked on a three-state Gulf tour, beginning with Saudi Arabia, as he seeks to...
- Nine MoUs -- covering energy, real estate, education, and more -- were signed at the Saudi-Turkish business forum
- Turkish government aims to increase its trade volume with Gulf countries, which currently stands at $22 billion
Business
OQGN inks $1.2bn financing deal
Deal will provide firm access to capital in dual currencies.
- OQGN is the exclusive operator of the natural gas transportation network in Oman.
- This is considered one of the largest syndicates of Sharia-compliant financing in Oman.