Morgan Stanley sees upswing in MENA M&A deal volumes and values
After a challenging year where M&A activity in the Middle East and North Africa took a tumble, Morgan Stanley forecasts...
GCC leaders explore regional growth and opportunity at Doha investment meet
The burgeoning creator economy presents an unprecedented opportunity for GCC to outpace global cities and establish itself as the epicenter...
Business
African Business Leaders awarded Honorary Doctorate in Dubai
Thirteen outstanding executives were given the degrees Degrees are presented for exceptional contributions to society Thirteen African business leaders...
Saudi company using salt water to grow crops bags $10 million investment
A patented system of solar and growth monitoring technologies allows use of salt water for cooling greenhouses, irrigating crops
UAE is member of UNESCO’s diversity promotion committee
The Intergovernmental Committee consists of representatives of 24 countries Al Kaabi proposes six areas of action that warrant the attention...
Ajman Chamber presents Orient Insurance bundles to its members
Bundles cover health, car, travel, property and occupational injury insurance among others Chairman of the Chamber's Board of Directors reaffirms...
57% UAE workforce won’t survive financially in event of critical illness
A quarter of UAE employees would not last a month if laid off due to critical illness Critical illness cover,...
QRDI Council leads “Russia-Qatar Innovation Dialogue” at SPIEF
QRDI Council's 10-year strategy, QRDI 2030, aimed at creating create locally-empowered and globally-connected RDI ecosystem Council explains how RDI will...
Virgin Mobile to go carbon neutral in Middle East
The company is also auditing vendors and supply chain for compliance with fair trade manufacturing and ethical practices It has...
Luxembourg-UAE ties to expand beyond financial services: minister
At present, financial services form Luxembourg's biggest export to UAE Future economic ties to also focus on will space, fourth...
Dh1 million fine for money laundering: UAE
the ministry held an extensive media briefing on the system for combating money laundering The session also briefed attendees on...
Dubai property booms as wealthy buyers escape lockdowns
Credit goes to recent government reforms, attractive mortgage rates, a shift in demand due to Covid-19
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Morgan Stanley sees upswing in MENA M&A deal volumes and values
After a challenging year where M&A activity in the Middle East and North Africa took a tumble, Morgan Stanley forecasts...
Company News
Latest News
OpenAI comes to Asia
Business
Dubai Summer Activities: A new guide to emirate’s attractions
Dubai, UAE -- A new #DubaiDestinations guide titled ‘Dubai’s Summer Activities’ invites residents and visitors to delve into an array...
Business
Saudi Arabia records 16% growth in air travel in first half: GACA
Riyadh, Saudi Arabia -- The number of air passengers in Saudi Arabia increased by 17 percent during the past six...
Business
2024 Global Aerospace Summit: Accelerating aerospace innovation
Abu Dhabi, UAE -- Representing the aerospace, aviation, space, and defense sectors, the premier thought leadership forum will aim to...
Business
Most Read
Business
Saudi Aramco share sale nets $12.35 billion on investor demand
Riyadh, Saudi Arabia -- Saudi Aramco netted $12.35 billion, $1 billion more than expected, from a secondary share sale after exercising...
- The offering announced in May was the largest in the Middle East since Aramco's record initial public offering (IPO) in 2019, bolstering Saudi's finances.
- Aramco, the jewel of the Saudi economy that remains mostly state-owned, announced on May 30 that it would sell 1.545 billion shares.
Business
Shell, TotalEnergies and BP take stakes in UAE gas project
Dubai, United Arab Emirates -- Energy majors TotalEnergies, Shell and BP will each take a 10 percent stake in a liquefied...
- Japanese trading company Mitsui & Co. will also acquire 10 percent of the Ruwais LNG plant, scheduled to come online in 2028, the Abu Dhabi National Oil Company (ADNOC) said.
- ADNOC, the UAE's key revenue-earner, will retain a 60 percent majority stake, the firm said following a signing ceremony.
Business
Saudi records $412m venture capital funding in H1, highest in MENA
Riyadh, Saudi Arabia -- Saudi Arabia has maintained its first rank across MENA in terms of the amount of Venture...
- E-commerce/retail was the highest sector in the Kingdom in terms of VC funding, accounting for 52 percent of total funding, amounting to $215 million.
- FinTech continued to lead the Kingdom's total number of deals, capturing 14 percent of deals in the first half of 2024.