ACWA Power Company will join hands with Uzbekistan in order to enter into  a $2.4 billion deal for a 1,500-megawatt wind project, a bourse filing disclosed.

The gains were due to high demand for coal and copper.

The agriculture output in 2017 was estimated at $17.41 billion, around $17.48 billion in 2018, and $17.65 billion in 2019, and $18 billion in 2020.

More than a year after it issued bonds for the Japanese market, Egypt intends to issue another tranche of international bonds worth $6 billion this year, according to media reports quoting a government official.

The Saudi Egyptian company bought stakes worth $1.3bn.

Amid a high-stakes court battle with Twitter over a $44 billion buyout deal, Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings published Tuesday.

The Saudi firm's net profit was fueled by higher sales volume.

Jordan has posted a twenty percent rise in real estate trade to $4.41 billion during the first seven months of 2022.

US drugmaker is in talks to buy Global Blood Therapeutics.

The court battle between Elon Musk and Twitter heats up as the billionaire Tesla boss accuses it of fraud, alleging the social media platform misled him about key aspects of its business before he agreed to a $44 billion buyout. The entrepreneur said he has been deceived by the company.

The Saudi Telecom Co. will pay $532m in quarterly dividend.

Two weeks after US President Joe Biden made the visit to the Middle East, Saudi Arabia and the UAE will receive billions of dollars worth missile defense systems from the US to shoot down incoming enemy missiles or aircraft. The kingdom has been attacked by missiles fired by Houthi rebels...

The Saudi oil giant acquired the company for $2.65bn.

Saudi Arabia will pour in $5 billion in the poultry industry in order to boost production as the kingdom looks to achieve  self-sufficiency in the sector. The Saudi Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley said that in targeting 1.3 million tons of broiler chickens per year, the ministry...

Saudi Arabia has seen a staggering increase in the award of construction contracts to the tune of  $12.3 billion in the first quarter of 2022.

Twitter blamed disappointing results Friday on "headwinds," including the uncertainty imposed on the company by Elon Musk's chaotic buyout bid. The firm is locked in a legal battle with the mercurial Tesla boss over his effort to walk away from a $44 billion deal to purchase the platform, leaving the...

Abu Dhabi and Dubai stock markets climbed up, while the Saudi index tanked down by more than 1.1 percent this week, after being shut to mark the festival of Eid al-Adha.

During the first half of the current year, startups in the Middle East have succeeded in raising $1.8 billion, according to a MAGNiTT report. The fintech sector remained the most capital attracting sector, raising nearly $1.7 billion and accounting for 34 percent of the total funding secured across all markets....

Saudi Arabia has consolidated its position in the Arab world as the largest economy, posting a domestic output of $833.5 billion last year, the equivalent of 29.7 percent of the entire Arab region.

The Gulf Cooperation Council (GCC) and the UK began negotiations in Riyadh to boost trade, which stands at $34 billion.

The head of Qatar Airways on Tuesday accused plane-maker Airbus of acting like a "bully" as their billion-dollar dispute over peeling paint looked no closer to a resolution.

Pakistan's new government, grappling with soaring inflation and political unrest, unveiled a 9.5 trillion rupee ($47 billion) budget Friday, earmarking more than 40 percent to service the country's massive foreign and domestic debt.

Twitter will yield to Elon Musk's demand for internal data central to a standoff over his troubled $44 billion bid to buy the platform, US media reported on Wednesday. The news comes just days after the Tesla chief threatened to back out of his deal to purchase Twitter.

A day after the arrest of a British national in Dubai over a $1.7 billion dividend tax fraud case in Denmark, the UAE has said it will continue to pursue people involved in financial crime. Abdullah bin Sultan bin Awad Al Nuaimi, Minister of Justice said: "International crime requires an...

Egypt is expecting to rake in $3.5 billion in revenues from the Suez Canal during the first half of 2022, according to Osama Rabie, the chairman of the Suez Canal authority. 

Saudi Arabia's finance companies have provided a whopping $18.96 billion in personal finance loans to the kingdom's citizens during the first three months of the current year, posting a 4.4 percent jump over the previous quarter.

The net foreign assets of Saudi central bank rose by SR4.0 billion ($1.07 billion) to SR1.63 trillion in April, according to the data published on the website of SAMA. The kingdom's net foreign assets increased by 0.2 percent from SR1.63 trillion in March. Over the same period, the central bank's...

Egypt has set its eyes upon doubling exports to $100 billion in the next few years, and building a 'strategic stockpile' of all major commodities to cope with emergencies. Speaking to media Mostafa Madbouly, Prime Minister of Egypt, said : "Today, we witness, through the launch of Industrial partnership for...

The UAE and US economic ties are expected to grow in healthcare, energy sustainability, space, and digital economy, with the bilateral trade touching $22 billion between the two countries.

Saudi Arabia's non-oil exports surged to $7.52 billion in March 2022, according to  the General Authority for Statistics, also known as GASTAT. Non-oil exports excluding re-exports rose by 22.4 percent year-on-year. On a monthly basis, non-oil exports also grew by S3.2 billion, or 12.8 percent. Oil exports, which includes crude...

Elon Musk notified US regulators on Wednesday that he will rely less on loans in his bid to buy Twitter, as he and partners put $33.5 billion into the deal. Musk has been courting major Twitter investors in the hope of getting them to partner with him in taking the...

The World Economic Forum has pleaded for a new partnership between various stakeholders in order to make a difference to people living in fragile zones of the world. In a paper released by the WEF, it calls for a new collaboration between humanitarian and development organizations, businesses, investors and entrepreneurs...

The UAE has found its way into an exclusive club of top five tea-exporting countries in the world, with total exports of about AED1.2 billion in 2020.

A slew of celebrity endorsements helped inflate a multi-billion dollar bubble around digital tokens over the past year, but cryptocurrencies are crashing and some fear NFTs could be next.

Billionaire Elon Musk said Tuesday his bid to buy Twitter won't proceed unless he gets proof of the number of spam accounts plaguing the platform, adding more uncertainty to his roller-coaster pursuit of the social media giant. Hours after Musk's early morning tweet over bots, Twitter insisted the deal push...

May Nasrallah, founder of deNovo, tells TRENDS the new listings on GCC bourses have spawned a new chapter in regional listings, ending years of drought.

Defying grim expectations of economic recession battering the world economy, Dubai has burnished itself by attracting a heavy dose of foreign investment to the tune of $7bn in 2021.

It bought a 9.8% stake for $4.4bn in the British firm.

Iraq has agreed to pay $1.6 billion in debt to Iran by June 1 to secure a steady gas supply for power generation through the summer, its electricity minister said.

The chemical giant of KSA has posted SR6.47bn profit in Q4.

Japanese investment giant SoftBank Group on Thursday logged a record annual net loss after a bruising year that saw its assets hit by a US tech share rout and a regulatory crackdown in China. The company reported losses of 1.71 trillion yen ($13.2 billion) in the year to March 2022.

Chelsea confirmed on Saturday that a consortium led by LA Dodgers co-owner Todd Boehly has won the battle to buy the Premier League club in a £4.25 billion ($5.2 billion) deal.

The EU should confiscate and sell Russian assets it has seized and use the proceeds to rebuild war-scarred Ukraine, EU chief Charles Michel said in an interview published Thursday. He was the first high-ranking EU official to propose the confiscation of oligarchs' assets.

Pfizer reported another quarter of huge revenues growth because of its Covid-19 vaccine on Tuesday, but lowered the company's full-year profit forecast due in part to shifts in foreign exchange. The major American drugmaker reported revenues of $25.7 billion for the first quarter, up 77 percent from the year-ago period.

DEWA has no intention to sell more stock, after having raised $6.1 billion in a record initial public offering, the CEO of the Dubai Electricity and Water Authority, Saeed Al-Tayerm, told the media. It is also eyeing 7.4 billion dirhams ($2 billion) in 2023 profit, amid a prospective IPO of...

The exports were driven mainly by chemical products which jumped 80 percent year-on-year with a share contribution to total non-oil merchandise exports of 35.7 percent.

ADX, Abu Dhabi stock exchange, has rebranded its Second Market into a newly launched Growth Market, with a market cap of 62 billion dirhams ($17 billion), in a push for more privately-owned business listings. ADX said in a statement that as it replaces the Second Market, the Growth Market will...

The hike to SR1.336bn will be used to fund expansion plans.

The Dubai Electricity and Water Authority said Wednesday it had raised $6.1 billion for the Gulf's second-largest IPO since 2019. Some nine billion shares will be listed from April 12 on the Dubai stock exchange, with the price set at $0.68.

The International Data Corp. has predicted Saudi spending on information and communications technology to touch $33 billion in 2022, a growth of 2.3 percent.