The fintech sector has attracted nearly 30 percent of all the funding raised during the year, with one in four deals made in the most sought after sector.

The Information technology (IT) sector in Saudi Arabia will witness a big boom, with the market expected to touch $27 billion by 2025.

During the current financial year, the International Finance Corporation (IFC), a member of the World Bank group, provided financing worth $10.4 billion in the MENA region.

Nearly half of Bahrain’s wealth, of $69 billion, is possessed by its super-rich citizens, according to Boston Consulting Group (BCG).

International Holding Co (IHC), Abu Dhabi’s largest conglomerate, is looking at acquisitions of various companies in different sectors.

 Egypt’s non-oil exports leaped up by 22 percent during the first seven months of 2021, posting $17.70 billion as compared to $14.55 billion in the same period of 2020.

Bahrain has succeeded in lowering its deficit by 35 percent to $1.38 billion in the first half of 2021, compared with the same period last year.

The strategic merger between Arkan and Emirates Steel Industries highlights the focus of the UAE's new industrial initiative 'Operation $300bn.'

Saudi Arabia has paid nearly $27 billion, since 2017, in monthly handouts to low-income families, facing the unintended effects of reforms.

Sky Abu Dhabi Development will invest nearly a billion dollars in Egypt during the next two years in the North Coast and in New Cairo.

In a sign of economic rebound in Saudi Arabia, banks in the kingdom are reporting better than expected financial results for the second quarter, after a slump in business during the Covid pandemic.

Better days for Saudi economy seem to be on the horizon as the kingdom’s budget deficit has narrowed sharply in the first six months of this year.

Aramco is expected to post a bumper profit for the second quarter of this fiscal on the back of high price of crude. This is the assessment of various analysts before the oil-giant discloses its financial results on Sunday.

Iraq is confident about securing a $4 billion dollar loan from the International Monetary Fund (IMF) after it restarted talks with the world’s top lending institution.

Saudi Basic Industries Corp. (SABIC) has reported a big jump in second-quarter profit as it sold more chemicals at higher prices than the previous quarter amid an increase in crude prices.

Airlines across the world took a heavy beating from the Covid pandemic lockdown, posting on the whole net losses to the tune of $126.4 billion during 2020.

Afterpay specializes in the "buy now, pay later" model that offers users staggered payments, often without extra charge.

In order to advance the digital infrastructure in the kingdom, Saudi Arabia will launch a $15 billion technology fund in partnership with private companies.

Arab countries topped Egypt's food export market destinations with a value of $1.090 billion or 55%, followed by the European Union (EU) with $340 million or 14%.

The $500-billion mega city will have its own laws and regulations to govern itself.

Abu Dhabi Commercial Bank has reported  a 76 per cent jump in first-half net profit to AED2.524 billion on the back of higher fee income, lower cost of funds and improved cost to income ratio.

The government will work with the private sector, including local and international investors, to achieve the goal The kingdom is open to discussions with heavyweights like Amazon, Google, and other players willing to invest in the kingdom Saudi Arabia is looking to transform the kingdom into the main data center...

The merger would reduce costs and help increase investment returns The merged entity now boasts of assets worth $250 billion In the wake of the merger of Saudi Arabia’s two biggest funds, the kingdom can now compete with the world’s largest insurance investors. The Saudi Cabinet last week approved the...

The term of the board overseeing the fund expired two months ago This dispute is also delaying investment and economic reforms Kuwait’s has a mega sovereign fund worth some $600 billion, but lately it has been losing its shine as it has become a victim of vicious political confrontation between...

Ambassador of Germany to the UAE 'impressed' with the free zone’s infrastructure Trade between two countries expected to grow more steeply Trade between Dubai and Germany has vaulted to more than 6 billion in 2020 and is expected to grow more steeply in the years ahead. It is projected to...

  The figure of $20 billion represented 11 percent of the country’s gross domestic product in 2019 The construction and tourism industries are expected to benefit the most from the event   Qatar hopes to gain $20 billion from hosting the World Cup in 2022. “We anticipate the contribution to...

    With its abundant sunlight and wind resources, the Middle East could be the hub of renewable energy The latest country to enter the race is Egypt with its $4 billion investment plan   Hardly a week goes by when there is not a new announcement made by a...

The company issued 30,000 sukuk with a par value of $200,000 each The sale, launched on June 9, was Aramco’s first dollar-denominated sukuk The Saudi oil giant, Aramco, has said that it completed disbursing international trust certificates for $6 billion of sukuk. The company issued 30,000 sukuk with a par...

  The credit is intended to give a boost to sectors critical to the overall economy of the United Arab Emirates The transport, storage, communication and real estate among the sectors receiving credit   In order to give a boost to sectors critical to the overall economy of the United...

  More than 350,000 customers benefited from the scheme launched seven years ago The National Bank of Egypt topped banks that provided the most funding for low-income people   Seven years after Egypt began to offer loans to low-income families to own homes, Egyptian banks and mortgage finance companies have...

 Aramco's $12.4 billion oil pipeline deal could be template for hiring Company also plans to spend about $35 billion on capital expenditure this year Saudi oil giant Aramco has roped in Morgan Stanley as the lead adviser to review a potential multibillion-dollar stake sale in its natural gas pipeline network,...

The kingdom is almost twice the size of the region’s second-largest economy, Egypt The UAE is the third largest Arab economy with GDP of $354.3 billion The Saudi economy alone was 29.3 percent of the $2.39 trillion Arab economy in 2020. The Kingdom’s $700.1 billion in nominal GDP was almost...

The negotiations are ongoing and there is no certainty about reaching an agreement  Based on its current share price, the stake could cost China $4.2 billion China Southern Power Grid Co. is on the verge of acquiring about 10 percent of Abu Dhabi National Energy Co. (TAQA), according to Bloomberg....

Abu Dhabi to construct museums and patronize sectors like media, gaming in $6 billion spending plan The plan is part of the vision to diversify economy away from oil   Abu Dhabi will spend $6 billion over the next five years to construct museums, as well as sectors such as...

The rise has been due to remittances sent by Egyptians working abroad According to the Ministry of Planning, the reserves cover eight months of Egypt’s imports Egypt’s foreign reserves shot up to $40.3 billion at the end of May, a jump of $125 million from the month of April. The...

Oil rick kingdom had recently announced a privatization plan that includes identifying 160 projects  Saudi finance minister Al-Jadaan opened a high-level G20 conference with his Italian counterpart Daniele Franco Saudi Arabia will raise $55 billion from privatization including sale of assets and public-private partnerships, according to the kingdom’s finance minister...