- Sharjah, UAE -- The Sharjah FDI Office (Invest in Sharjah) has announced an exceptional increase in foreign direct investment during the first half of 2025, marking the strongest performance among all UAE emirates. In this time period the emirate recorded 74 FDI projects, a 57 percent surge from the 47...
Zamil Industrial unit wins AC deal
The contract is to supply AC systems to Saudi schools.Emaar EC eyes $3bn capital hike
Its board of directors has okayed a 33% hike in its capital.Aramco rebar facility opened
IKK Mateenbar will produce non-corrosive fiberglass rebar.American falcon sells for $467,000 in Saudi auction
The falcon was 16.5 inches both long and wide, and weighed 980 grams.1.8 million Saudis employed under Nitaqat program
Nitaqat is a nationalization scheme implemented, which requires Saudi companies to fill up their workforce to certain levels with Saudi nationals.GCC equity markets shine in H1 2021
The growth was spurred by abundant liquidity created by easing monetary and fiscal policies besides a rebound in oil prices.Social cost of 2019’s plastic more than GDP of India
There is increasing international alarm over the sheer volumes of fossil-fuel based plastics entering the environment, as microplastics have infiltrated even the most remote regions of the planet. Tiny fragments have been discovered inside fish in the deepest recesses of the ocean and peppering Arctic sea ice.TotalEnergies inks $27bn deal to power Iraq
The French firm, formerly called Total, will now build four power projects in Iraq.Oman Air inks deal in tourism push
The national carrier of Oman inked the deal with tripsnstay.Al Zorah selling new Ajman plots
Th plots are part of phase 2 of The Fairways project in Ajman.UAE seeks $150bn in foreign investments, eyes stronger trade ties in Asia
The United Arab Emirates is seeking to lure $150 billion in foreign investments as part of a broad nine-year plan to strengthen its trade and economic ties in Asia and Africa.UAE to let foreigners ‘live and work’ under green visas
The United Arab Emirates has decided to give out new visas allowing foreigners to settle in the emirates.DP World, FESCO to study Russia berth
Vladivostok and Murmansk identified as transshipment hubs.Amazon Web Services will help firms drive innovation: Dubai FDI
DUBAI: The Dubai Investment Development Agency (Dubai FDI), the investment promotion agency of Dubai Economy, has said Amazon Web Services’ plans to open data centers in the UAE in 2022 will give organizations access to advanced cloud services and technologies to drive innovation. The new AWS Middle East (UAE) Region...Emirates Post names new chairman
EPGC has announced that Badr Al Olama is its new chairman.Bahrain cuts truck wait duration by 15 times
Bahrain’s Customs president hailed importers, traders, and customs agents for the achievement.Mubadala buys gas field stake
It has spent $1.03 billion to buy a stake in the Tamar gas field.Kuwait’s equity market gains for sixth consecutive month
DUBAI: Kuwait’s equity market sustained its upward momentum in August as Kuwait All Share index rose 3.1 percent for the month and 22.4 percent for the year, according to Kuwait Financial Centre, Markaz. In its Monthly Market Review report for August, Markaz said the market liquidity in August, as indicated...IsDB’s insurance arm and IFPA sign agri-food pact
DUBAI: To promote agri-food projects and investments, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the Islamic Development Bank (IsDB) Group, and the Islamic Food Processing Association (IFPA), signed an agreement on Saturday. The agreement will provide ICIEC and IFPA a general...Why Golden Residency is not a privilege
Global economic transformation has pushed governments to implement various programs and reform investment rules to make them more flexible to attract foreign investment. Golden Residency is an outcome of such reforms.Saudi state media companies to move from Dubai to Riyadh
The decision follows an earlier Saudi move to stop giving state contracts to companies and commercial institutions with Middle East headquarters in any other countryGCC can help shipping industry curb emissions
Saudi Arabia and the UAE are already off the starting mark in their efforts to supply alternative fuels to the global maritime industry.New Oman mall to create 3,500 jobs
The Mall of Oman is said to be the country’s largest complex of its kind.LinkedIn to drop Stories format
Stories is expected to be removed from LinkedIn by September.Tehran able to sell oil despite US sanctions, says minister
The US imposed its harshest sanctions on Iran three years ago as Washington, under President Donald Trump, unilaterally abandoned an international nuclear deal that Tehran had with it and five other global powers.Iran cuts natural gas exports to Iraq as per a six-month agreement
The decision is said to be based on an agreement with Iraq, and apparently follows prior notification. Iran used to export about 40-45 million cubic meters of natural gas to Iraq on a daily basis, and its debts to Iran reduced natural gas exports to Iraq in December last year.Israel opens Chinese-operated $1.7bn port in Haifa
The port, to be operated by Shanghai International Port Group, is expected to bring competition to a sector plagued by delays, and boost Israel’s standing as a regional trade hub.Dubai sees real estate deals worth AED9.4bn; 146 plots fetch AED2.26bn
The DLD weekly report said 146 plots were sold for AED 2.26 billion, 1,080 apartments and villas were sold for AED 2.25 billionEgypt taps consortium for $6bn high-speed rail line
The consortium consists of Siemens Mobility, Arab Contractors, and Orascom Construction. Egypt’s National Authority for Tunnels has chosen the consortium to design, install and maintain the rail line.Twitter lets star users make money from subscriptions
The move came as Twitter strives to be a preferred online venue for clickable stars and to boost its own income in ways that don't clutter the platform up with ads or promotionsUAE financial organisations under pressure to enhance security: Study
Banks and FSIs come under pressure from government, shareholders, employees and customers as security risks increase during the pandemicNow website owners may apply for ‘.abudhabi’ domain names
Abu Dhabi’s Department of Government Support has announced ‘.abudhabi’ as the official internet TLD name for the emirate.Iran may see power-supply problems in winter
The Energy Ministry could face serious problems in meeting electricity demand in winter if power plants did not get fuelFour major UAE banks post $4bn net profit in first half
The combined net profit of four major banks in the United Arab Emirates has vaulted to $4 billion in the first half of 2021, up 17 percent compared to the same period last year.India slider at ‘gold’ price in Dubai
The dish sees the vada filled with truffle butter and cheese, stuffed in a bun, and served with sweet-potato fries and mint lemonade.Investcorp, Riverside sell Arrowhead Engineered Products
Investcorp, a Bahrain-based alternative investment management firm, and global private investor Riverside Co. have sold Arrowhead Engineered Products (AEP) to Genstar, a private equity firm.Windows 11 rollout from October 5
Microsoft said the first rollout would upgrade Windows 10 PCs.Agthia to buy Dubai snack company
The group has endorsed the full acquisition of BMB Group.Lebanon crisis may fuel bread shortage
The Lebanese flour millers' association has said mills might gradually stop working as fuel supplies run out. This, when the average cost of food for a Lebanese family is already five times the minimum wage.Emirates to receive three A380 by November
The delivery will take the airlines' total fleet of A380s to 188 units.UAE forms new law to punish erring ministers and officials
Any minister or senior official found guilty of corruption could be relieved of their job.Meat grown in lab to be on menu in MENA
An American startup Eat Just has tied up with Doha Venture Capital (DVC) and Qatar Free Zones Authority (QFZ) to build the first-ever cultivated meat facility in the region.Stella Stays eyes $12bn Bahrain push
This is part of its expansion plans in the Middle East region.Ooredoo’s B2B app makes business solutions easier
Free to all Ooredoo business offers customers with around the clock access and two secured log-in access levels.Sports sector adds $1bn to Dubai economy each year
The growth in the sector is a result of the Dubai community’s increasing interest to participate in sports activities over the years.Bahrain mall eyes $159m expansion
The expansion work on The Avenues will be launched in Q3 2021.Jeddah Islamic Port ranks 37 on Lloyd’s list of 100
Jeddah Islamic Port, the largest in Saudi Arabia, has ranked 37 on Lloyd’s list of top 100 global ports in the world. This improvement comes as a direct result of the largest build-operate-transfer container terminal agreement at Jeddah Port.Work starts on Egypt’s $9bn high-speed train
Work began on Egypt's $9 billion first high-speed train project, connecting the Red Sea coast with the Mediterranean coast, across a length of 660 km, and at a cost of nearly $9 billion.Dubai Metro to open Jumeirah station on Sept 1
The station would be opening well ahead of the beginning of the Expo 2020 Dubai events, which it will be serving.Truckmaker Scania pauses production over chip shortage
This week's suspension is Scania's first since the coronavirus pandemic forced a production halt in April 2020




















































