French giant TotalEnergies signed a $27-billion contract to invest in oil, gas and solar production in Iraq Sunday, as the country faces an acute energy crisis. The announcement of the deal, supposed in part to reduce Iraq's reliance on fossil fuels, came as Oil Minister Ihsan Ismail signed the contract...

Sanad, a subsidiary of Mubadala Investment Company, has appointed Mansoor Janahi as the new Group CEO.

FAS Labs Limited Co., a unit owned by Saudi retail firm Arabian Centers, will set up a digital consumer microfinance company. It will be called FAS Finance and will have a capital base of $14.65 million.

High memory chip prices helped the company.

Fitch Solutions has upgraded the Saudi Electricity Company's credit rating from A- to A with a stable outlook, an upgrade that matches the Kingdom of Saudi Arabia's sovereign credit rating. The international agency emphasized that the new classification was driven by the result of the improvement of the company's independent...

Saudi Arabia's Tourism Development Fund has signed an MoU with Deutsche Hospitality, the umbrella brand of the German hotel company Steigenberger Hotels AG, which will see the exclusive launch rights for the first Steigenberger Porsche Design Hotel in the Middle East. The MoU is aimed at developing and operating distinctive...

Resa serves over 6000 clients across the US and Canada.

Momani will manage Mercedes-Benz's overall performance at EMC.

Dana Gas has received a payment of $39 million (AED143 million) from the Egyptian Government in December, the company announced Wednesday. The payment reduced its receivables in Egypt to its lowest levels at below $30 million since commencing operations there in 2007, local media reports said. It complements a year...

Waste management and environment company Bee’ah Tandeef has launched a service that allows people to recycle used cooking oil so that it doesn't end up in drains and pollute the environment. Used cooking oil is usually poured down the drain and ends up clogging plumbing systems, and ultimately leads to...

The Saudi Ports Authority (MAWANI) has announced a new direct shipping service connecting Saudi Arabia to Djibouti, through the container transport company, Transmar. Saudi media reports said the service is an important development that serves to leverage the potential of the kingdom's ports, bolster its petrochemicals exports and transshipments, and...

The Dubai firm has appointed an exclusive pan-India franchisee.

Khazaen, Oman's fully integrated economic city, has signed two agreements worth more than Omani Riyal 1.5 million ($3.8 million) with national firms to carry out vital projects and attract investments and provide integrated solutions in different industrial sectors. Omani media reports said the first agreement was signed with an Omani...

HSBC is the financial advisor of the Saudi online food delivery startup.

Medallia captures experience data from customers and employees.

Dubai Financial Market (DFM) has announced new trading hours from 3 January 2022. The new trading session of five hours will be between 10 AM and 3 PM from Monday to Friday. The new trading window aligns with local and international financial institutions. The new trading hours will contribute to...

The EV Green Charger User Dashboard allows customers to manage multiple EV Green Charger cards, and pay their bills.

The US Treasury has said in a statement that the deal with Turkey "represents a pragmatic solution.”

A sustainability-focused company strategy boosts brand value and efficiency, matches customer demands, attracts top personnel, and opens new doors.

Bahrain Network (BNET) has announced the appointment of Mr. Ahmed Jaber Aldoseri as its Chief Executive Officer, a former member of the company's Board of Directors.

Moody’s, the bond credit rating firm, has upgraded the Baseline Credit Assessment (BCA) of Saudi Arabia’s stc, saying it has maintained “very strong financial metrics.

DUBAI: An incubator to support Small and Medium Enterprises in Oman will be established by Oman’s Authority for Small and Medium Enterprises Development (Asmed) in collaboration with Oman Drydock Company. The incubator will be specialized in the logistics sector, supply chains, and services affiliated with the Public Authority for Special...

Gulf Islamic Investments (GII) of Dubai is looking to pick up a stake in a Saudi healthcare company for $600 million. It is part of the financial services firm’s expansion strategy in the kingdom.

Yahsat, the Abu Dhabi’s satellite company, has picked up SpaceX to launch its next generation Thuraya communications satellite in the second half of 2023.

In one of the largest real estate deals in Jeddah this year, the Saudi Oger Company's "Arjuwan Red Sea Project" land has been sold in a public auction for $357.2 million.

Tabreed, the Dubai-listed National Central Cooling Company, will divest nearly 44 percent of its stake in Qatar District Cooling Company (Qatar Cool).

Pearl Polyurethane has appointed a new CEO as part of an ambitious growth plan to double the size of the Dubai-headquartered company

TAQA, the Abu-Dhabi government’s energy holding company, has reported a 42 percent jump in its net income for HI 2021 to $790 million compared to the same period last year, after a big contribution from the oil and gas segment.

New license for professionals to be issued by ADDED allows 100 foreign ownership of a business. ADDED also highlighted that opening a commercial branch without prejudice to the professional license or its features could be possible if the commercial activity is consistent with or complementary to the professional activity.

A consortium of major media companies, including the Washington Post and France’s Le Monde, recently said that one of Macron’s phone numbers was on the leaked list of potential Pegasus targets.

Record deliveries of electric cars during the period allowed Elon Musk's company to garner earnings of $1.1 billion in the quarter, up from $104 million in the year-ago

 Make customer ratings part of company's revenue-generation strategy  A negative review could cost a firm as many as 30 customers Online customer reviews can usher in major opportunities for revenue growth, making it imperative for companies to pay them the necessary attention they deserve, said Stefan Toubia, Founder and CEO...

With a fleet of more than 70 aircraft, the transaction could value company at $10 billion Vista was founded by Swiss billionaire Thomas Flohr with just three planes in 2004 The Dubai-based private jet company, Vista Global Holding Ltd., might go public through a merger with a Special Purpose Acquisition...

TotalEnergies is a broad energy company that produces and markets energies on a global scale The new name and new visual identity embody the new course TotalEnergies has charted for itself Global oil major Total has announced that it has won approval at the Ordinary and Extraordinary Shareholders’ Meeting to...