As foreign investors seek to take advantage of investment opportunities in the region, KSA and UAE get billions of dollars injected into their economies.

The Public Transport Authority announced the launch of two new Saudi-flagged marine tankers: "Sara" and "Hessa". Both were recently registered at King Abdulaziz Port in Dammam. The new giant ships of the Saudi naval fleet, bring the tally of national ships carrying the Saudi flag to 426, with the loading...

Dubai Future Foundation (DFF) has announced the launch of a new, first-of-its-kind initiative in the region to encourage and support tech start-ups to participate in a special challenge. The challenge is to utilize the latest technologies and innovations and contribute to the development of a quality and innovative experience for...

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.

ACWA Power of Saudi Arabia and its partners have begun work on a big green hydrogen project in NEOM.

The $125m deal includes engineering works for PAHW.

The firm will buy controlling stake for $158 million.

The Saudi firm says it seeks to capitalize on opportunities through innovative and sustainable solutions, focusing on petrochemical products in 2022.

India's largest private bank will merge with its largest mortgage lender to form a $237 billion financial giant, both companies said Monday, as low interest rates send demand for home loans soaring.

Being the first PVC plant in Qatar, the project aims to position Qatar as a new regional player in the PVC production.

Dubai Chamber of Commerce facilitated 1,500 bilateral business meetings between UAE investors and their global counterparts, and received 1,746 visiting delegations from over 60 countries during the mega event, which were joined by 3,350 government and business leaders. Seven new economic and professional bodies were licensed by the Dubai Association...

Hardware accessories are rare for players who have limited use of their hands.

The emirate of Umm Al Quwain has signed a series of agreements to enhance cooperation and partnership to achieve its Sustainable Blue Economy Strategy.

Saudi Venture Capital and Flat6Labs have teamed up to launch a $40 million startup seed fund.

The Jordan Education for Employment (JEFE) organization and the French Development Agency on Saturday signed a grant agreement worth 5 million euros to launch the "Ilhamy" (my inspiration) project.

Emirates Development Bank (EDB) has said it will facilitate direct and indirect lending totaling AED30 billion ($8.16 billion) by 2025, which is expected to support more than 13,500 companies. At its first Board meeting of 2022, the bank said the record growth over the past 12 months demonstrated the success...

Suez Canal posted twenty percent increase in revenue in the first quarter of 2022 despite the Russian-Ukraine war disturbing the global supply chain.

The ancient city of Petra in Jordan has registered the highest number of visitors since the start of the coronavirus pandemic, with 53,896 visitors of various nationalities in March, marking an increase of 292 per cent over the previous month. The city's visitors in March were: 43,533 of foreign nationalities,...

Tadawul, the Saudi stock exchange, has barred three companies from trading in shares over their failure to issue financial statements for 2021.

Diamonds shine brightly at this year's Geneva watch fair but the sanctions slapped on Russia could soon force the Swiss watch industry to produce more subdued designs.

The MoU is said to be in the field of maritime transport, exchange of experiences, and strengthening strategic partnership.

Lebanon is grappling with an unprecedented financial crisis that the World Bank says is of a scale usually associated with war.

That is 67 percent higher than deliveries in the year-ago period.

Saudi corporates’ funding mix is evolving, with the debt capital market for firms increasing noticeably and averaging a 10 percent increase year-on-year, Fitch Ratings said in a new report.

The UAE and Saudi stock markets posted considerable gains this week even as oil prices took a dip with the US tapping into its reserves to tame high crude oil prices.

DEWA has decided to increase number of shares from 260 million to 760 million to be offered to retail investors in its Initial Public Offering (IPO).

Iraq exported $11.07 billion of oil last month, the highest level for half a century, as crude prices soared amid shortfall fears following Russia's invasion of Ukraine, the oil ministry said.

Having fought to win the respect of Iran's football public, Dragan Skocic now has a World Cup showdown with England and a politically charged clash with the United States to cement his international standing.

Binance, the world's biggest crypto exchange in trading volume, will hire more than 100 people in the UAE, days after being licensed by Dubai's new virtual assets regulator this month.

India and Australia signed an interim free trade deal on Saturday that cuts tariffs on billions of dollars of commerce as the two Quad partners bolster their economic ties.

Aldar Investment acquired the 715-room hotel that opened its doors in 2014, marking the company's second investment in the emirate this year.

Over 84 percent of real estate professionals expect competition within Dubai’s real estate market to ramp up going forward, according to the 2022 EMEA Real Estate Report published by Berkshire Hathaway HomeServices global headquarters. The report reflected the experiences of residential real estate professionals across seven key markets in Dubai,...

Jordan’s Deputy Prime Minister Ayman Safadi and US Secretary of State Antony Blinken discussed the new MoU for the strategic partnership between the two countries.

Marta Ortega on Friday took the reins of Zara-owner Inditex.

UAE-Colombia non-oil trade was valued at AED991 million ($269.84 million) last year. Under the partnership, this figure could increase threefold soon.

GCC countries have a highly dynamic environment characterized by growing populations, a broad diversity of patient demands and increasing healthcare budgets, says Rodrigo Rodriguez, the Middle East Cluster General Manager of Takeda Pharmaceutical Company.

ENOWA, the energy, water and hydrogen subsidiary of NEOM, has established the region's first Hydrogen and Innovation Development Center (HIDC). Located in NEOM’s advanced manufacturing and innovation city, the new facility aims to accelerate lab to market solutions and business development across the spectrum of hydrogen, green fuel production, utilization...

Israel described as "historic" the deal abolishing customs duties on "95 percent of the products" exchanged between the Jewish state and Gulf Arab country after the normalization of ties in 2020.

ADQ, Abu Dhabi wealth fund, will buy a majority stake in Unifrutti Group, a fruit and vegetable producer, marketer, and distributor.

President Joe Biden will announce later on Thursday the release of a record million barrels of oil a day for about 180 days from US strategic stockpiles.

At the meeting, the two sides called for intensifying visits by trade delegations from both countries and increasing the number of conferences.

The decision is said to have been taken in cooperation with Abu Dhabi Police's strategic partners.

FB said the bug affected ‘only a very small number of views’ of content.

Abu Dhabi and San Marino will explore new avenues of economic cooperation and boosting trade. Saeed Ghumran Al Remeithi, Deputy Treasurer of the Abu Dhabi Chamber’s Board of Directors, met with Fabio Righi, San Marino’s Minister of Industry. The meeting between the two was held at Chamber’s tower in Abu...

Dubai Customs said Thursday the emirate’s external foodstuff trade in 2021 grew 11 percent to reach AED57 billion ($15.51 billion), compared to AED51.4 billion in 2020. According to the latest figures released by Dubai Customs, exports grew 11.3 percent to AED10.8 billion from AED9.7 billion in 2020, while re-exports went...

It would be the biggest exhibition hall in the MENA region.

Aluminum Bahrain (Alba) is looking to increase its throughput.

Bahrain will build the region's first data center park in partnership with stc Bahrain to create an integrated digital center in the Middle East.

Dubai ended Expo 2020 with a colorful closing ceremony punctuated by fireworks as the UAE leadership vows to 'continue to Connect Minds and Create the Future'.

FIFA is on target to reap record revenues of seven billion dollars on the back of this year's Qatar World Cup, president Gianni Infantino said Thursday as experts predicted a long-term financial boom for football. Infantino told the annual congress of the sport's world governing body that FIFA's finances were...