Liberty Media buy MotoGP
Formula One owners paid US$4.5 billion for the deal.
Sharjah Ramadan Festival to offer deals and discounts
The festival is organized by the SCCI in cooperation with local government departments, bodies, institutions, and the private sector.DNI inks AECB deal
It will help DNI assess people and companies’ financial position.Iran and IAEA sound optimistic on nuclear deal, but Russia demurs
Iran and the UN nuclear watchdog said Saturday they had agreed an approach for resolving issues crucial to reviving the country's 2015 nuclear accord with world powers -- but new Russian demands may delay a deal. The landmark accord was aimed at guaranteeing Tehran could not develop a nuclear weapon.Iran FM willing to travel to Vienna if nuclear deal reached
Iran's foreign minister said Friday he was ready to travel to Vienna if a deal is reached to revive the 2015 nuclear accord, as the US suggested an agreement is possible.Kuwait Airways to buy 31 jets from Airbus for $6bn
Kuwait Airways announced an expanded, $6 billion deal with Airbus that includes 31 new planes on Monday, restructuring an agreement struck in 2014. In February 2020, Kuwait's parliament opened a fact-finding panel to probe allegations of kickbacks, after Airbus paid huge fines to settle bribery cases.DIMC, P&O Marinas ink deal to promote marine sports in Dubai
The deal they signed is expected to support the development in various activities and events in the field of marine sports in the emirate.Abu Dhabi saw real-estate transactions worth $19.47bn in 2021
The entire amount resulted from a total of a combined 14,958 sales and mortgage transactions.UAE, Philippines ink deal to bolster trade ties
The UAE is already the Philippines’ biggest export partner in the Middle East.France’s TotalEnergies signs $27bn oil, gas, solar deal in Iraq
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...Lebanon to sign a deal with Jordan to ease power shortage
Crisis-hit Lebanon will sign a deal with Jordan next week to bring in electricity via Syria to help ease grueling power cuts, the energy minister has told AFP.Emaar EC inks $16m contract
Emaar EC signed the $16-million contract with SAFE.Google and Facebook chiefs made ‘illegal’ deal: US court documents
Top bosses of Google and Facebook were directly involved in approving an allegedly illegal 2018 deal to cement their dominance of the online advertising market, US court documents revealed Friday.UAE to fund project against red palm weevil
The red palm weevil is said to be a highly destructive pest that blights palm trees.Aramco lands $15.5bn Blackrock deal
The deal creates the Aramco Gas Pipelines Company.India’s Reliance ditches $15bn Saudi Aramco deal
India's Reliance oil-to-telecoms giant is abandoning a $15 billion deal for Saudi Aramco to buy a 20 percent stake in its oil refining and chemicals unit as the firm pivots towards renewable energy. Reliance and other major Indian firms have since poured billions of dollars into green power to reduce...Syria inks solar plant deal with UAE firms
Syria has signed a deal with United Arab Emirates firms for the construction of a solar power plant near Damascus, state media said Thursday, in a sign of growing economic ties.Empower to buy DXB assets
The deal is valued at AED1.1 billion ($300 million).Iran rejects Western ‘concerns’ over nuclear compliance
The accord between Iran and six world powers to find a long-term solution to the crisis over its nuclear program has been moribund since former US president Donald Trump walked out in May 2018.Egypt and Greece to sign a deal for power interconnection
Egypt and Greece will sign a preliminary deal to build an electricity interconnection between the two countries in Athens on Thursday, Athens-Macedonia news agency (AMNA) reported.PIF acquires 25 percent stake in EEC
Under the deal, EEC transferred part of its loan to PIF in exchange for company shares.US approves $500mn helicopter maintenance deal for Saudis
Under the deal, US will provide 350 contractor technicians and two government officials over two years to handle the maintenance of the Saudi military's Apache and Black Hawk attack helicopters.Israel mission in Dubai eyes Gulf oil deal
Environmentalists had voiced anger over the plan to ship Emirati crude to Israel's Red Sea port of Eilat.Iraq to rid its power woes with solar energy
Iraq has signed a deal with China to build a set of solar power plants that would produce 2,000 MW of clean, renewable energy for the power-starved, oil-rich country.Pizza Inn to open 5 stores in Qatar
Founded in 1958, Pizza Inn is an international pizza chain featuring traditional and specialty pizzasAramco plans $20m stock swap with Reliance Industries
Saudi Aramco chairman Yasir Al-Rumayyan was inducted into the RIL board in June in the run-up to this deal.US gears up to sell 18 military choppers to Israel for $3.4 billion
All 18 choppers are Sikorsky CH-53K King Stallion heavy-lift helicopters, and will come fitted with weaponry provided by Lockheed Martin.Mawani inks deal with UFC to build silos at key Saudi ports
Once the silos are built, the at Jazan and Ras Al Khair ports will have a total storage capacity of 2.88 million tons of grain.Iraq, Lebanon sign deal to swap fuel oil for medical services
Under the deal, Lebanon will receive one million tonnes of fuel oil in exchange for "goods and services", a statement issued by the Iraqi authorities has highlighted.US, Russia agree to continue UN aid access into Syria
Russia and the US described Friday's unanimous vote by the 15-member Security Council as an important moment The Security Council mandate for the aid operation, begun in 2014 at four points, was due to expire on Saturday The UN Security Council on Friday extended a cross-border aid operation into Syria...Arkan Board approves $1.11b deal to acquire Emirates Steel Industries
The deal is valued at AED4.07 billion ($1.11 billion), as it will give Arkan 5.1 billion ordinary shares at a cost of AED0.798 ($0.22) each Once the deal goes through, Arkan’s holding company Senaat would own 87.5% of its entire issued share capital United Arab Emirates-based Arkan Building Materials...Compensation deal reached over Suez Canal ship
The blockage that lasted a week had disrupted global shipping Details of the deal have not yet been disclosed Egyptian authorities and the owners of the container ship that blocked Suez Canal back in March have reached a settlement, media reports said on Wednesday. Details of the deal...Emirates Dev. Bank, Beehive in pact to provide finance to small enterprises
Under the deal, Beehive will provide $8.16 million as loans to qualified businesses Beehive uses crowdfunding to connect small businesses to retail investors Emirates Development Bank (EDB) has signed a deal with a Dubai-based peer-to-peer platform to give small to medium-sized enterprises (SMEs) more funding options. Under the deal, Dubai’s...