Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

  • RIYADH, SAUDI ARABIA – The gross domestic product of the Kingdom exceeded US$1 trillion which displays strong progress towards meeting...

    This positive outcome is attributed to strong investment from the private and public sectors,

    Non-oil revenue growth, ongoing diversification, and economic resilience efforts has also helped.

  • Abu Dhabi, UAE – The UAE president Sheikh Mohamed bin Zayed Al Nahyan Thursday discussed climate financing with the President of...

    The meeting also discussed global economic conditions, and the contributions of the World Bank in supporting regional and global development

    The UAE president highlighted the upcoming UN Climate Change Conference (COP28), which his country will host later this year

  • Riyadh, Saudi Arabia – The three day 7th edition of the Future Investment Initiative (FII7)  which ended on October 24...

    During a session, Goldman Sachs Economics forecasted that global investment in AI could reach $200 billion by 2025

    The event saw the partnership between the PIF and Pirelli, with plans to establish a tire manufacturing facility in Saudi Arabia

  • RIYADH, SAUDI ARABIA – The Kingdom’s Ministry of Investment signed three memoranda of understanding (MoU) in the fields of biotechnology,...

    The MoUs related to the biotechnology and pharmaceutical sectors aim to explore, develop, manufacture and market a range of potential new medicines.

    The MoU of the financial services sector aims to provide an opportunity for investors to invest directly in key projects in line with the Saudi Vision 2030.

  • The GCC project sector, one of the world's most dynamic, has recorded a significant surge in project awards, reaching $41.8...

    The GCC project sector, one of the world's most dynamic, has witnessed a significant surge in project awards, reaching $41.8 billion in the third quarter of 2023, says a report.

    Driven by diversification efforts, countries like Kuwait and Saudi Arabia lead in contract values, emphasizing sustainable projects that align with long-term economic aspirations.

  • The ongoing US-China technological decoupling is likely to harm global capabilities, Chinese Professor Wu Xiabo tells TRENDS in an interview.

    The ongoing US-China technological decoupling is likely to harm global capabilities, Chinese Professor Wu Xiabo tells TRENDS in an interview.

    He emphasizes the interrelation of FDI and technology, advocating for inclusive technological advancements that support local businesses.

  • “To achieve our climate objectives, every segment of the economy, including retail, must work towards a greener future. The upcoming...

    UAE minister Mariam bint Mohammed Almheiri emphasizes sustainability in retail operations

    A total of 13 additional businesses have signed the UAE Climate Responsible Companies Pledge

  • Riyadh, Saudi Arabia - The world should be prepared that the interest rates are here to stay for a longer...

    Kristalina Georgieva conceded that "interest rates are not just suffocating, they are making life harder." 

    She also called on the overburdened countries to restructure debt, promising that the IMF was ready to assist

  • Traders tracked a rally on Wall Street that was helped by a strong set of earnings from big-name firms including...

    Hong Kong was the stand-out performer Wednesday, jumping more than two percent

    Traders were aware that the crisis in the Middle East could spiral out of control at any minute

  • Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in...

    Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in an interview

    She highlights the need for a global sustainability approach, emphasizing localized transitions, inclusivity, and the urgency of shifting to sustainable development