Riyadh, Saudi Arabia— Egypt's Sovereign Fund has accumulated assets worth $621-660 million as it seeks to double it by the same size next year. The CEO of the fund, Ayman Soliman, said that the issued capital of the fund has been fully covered at $5 billion. The fund's financing sources,...

Dubai school operator plans to expand its network.

The license will allow investors to buy or rent lands, operate and manage the projects and allocate the necessary facilities for it with just a single approval.

It recorded $173m profit in the first nine months of 2022.

It said profit was driven by multi-sector investments.

It recorded a150% rise in profit in first nine months of 2022.

Riyadh, Saudi Arabia— Aramco will launch a $1.5 billion sustainability fund to invest in stable and inclusive energy transition technology. According to its CEO Amin Nasser, the fund will be managed by the company's venture capital arm Aramco Ventures. The CEO said that the fund will be “among the biggest...

According to an analysis based on data released by Beijing's Ministry of Finance on Tuesday, the budget shortfall for all levels of government from January to September was $980 billion, almost three times the 2.6 trillion shortfall over the same period last year.

The embrace of digital services by it customers drove growth.

It recorded the profit at $256m in the first nine months of 2022.

International Holding Company (IHC) has scaled up its IT business, making deals to the tune of $272 million in the first ten months of 2022. It is part of the company's long-term strategy to grow its capacity in the tech industry across different sectors.

It received a dividend of $553m from its subsidiary, EMPOWER.

The economic ties between the UAE and Egypt were strengthened this year by the signing of the Industrial Partnership for Sustainable Economic Growth, crowning a more than fifty-year long trade relationship between the two nations that has grown to $67 billion in the last twenty-two years.

The bank's profit rose to $1.3bn in the first nine months of 2022.

It will build the $7bn project with Oman and a US firm.

The UAE has signed agreements to the tune of $70.8 million with medical companies to manufacture medical equipment at home.

Its profit shot up to $191m in first nine months of 2022.

The profit touched $931m in the first nine months of 2022.

Having spent months trying to break free of the $44 billion buyout contract, Elon Musk now says he is "excited" about taking over Twitter. The social media giant had filed a lawsuit to hold Musk to the terms of the deal he inked in April after the Tesla chief said...

It recorded a 37% increase in net profit to $800m.

Major global equities rose, with sentiment soothed after upbeat US earnings and Britain shredded its controversial budget. Analysts pointed to better-than-expected reports from Goldman Sachs and Johnson & Johnson as a positive driver for stocks. On Wall Street, the Dow Jones jumped two percent after a day of strong trading...

It reported $783m profit in the first nine months of the year.

The stock rose after the transfer of its subsidiary to the PIF.

The Saudi developer will offer 20% of its shares on Nomu.

Continuing with the kingdom's role to support "everything that will contribute to de-escalation," Saudi Arabia has announced $400 million in aid for Ukraine. Saudi Crown Prince Mohammed bin Salman spoke to President Volodymyr Zelensky by phone, conveying the kingdom's eagerness to support mediation.

It will build 550 housing units in Riyadh for $161m.

Stock markets and oil prices slumped as investors grow fearful that more big interest rate hikes will tip economies into deep recessions. The mood darkened also on the worsening Ukraine war and weaker demand expectations in China. Analysts said US consumer price index data released later this week will be...

Its net profit for the first nine months of the year was $3bn.

The announcement on Friday marked the latest volley in a long-running standoff between the two superpowers that has seen them face off over a range of issues including technology, trade, Hong Kong, Taiwan and human rights.

Luxury goods business in the MENA region is seeing a reorganization, surprising market experts, as homegrown brands challenge the hegemony of high-end Western labels.

The BoE "announces additional measures to support market functioning", said a statement, adding that the central bank was ready to increase the size of its UK government bond purchases under an emergency measure due to end Friday.

It has sought shareholders' nod for 65% capital reduction.

The Saudi firm's net profit rose 10% to $372m.

Khalil al-Balushi, one of Qatar's top football commentators, brings much-needed life to Qatar's subdued football culture.

From Formula One racing to the football World Cup, the top-notch global sporting events are coming to Middle East, bringing with it billions of dollars in sports tourism.

The firm won the nod from CMA to increase capital by 700%.

The Aqaba Medical Sciences University (AMSU), the first medical university in Jordan, will enroll its first class of medical and dental students for the new academic year.

The PIF-backed firm buys 34% stake in an Egyptian firm.

Looking to showcase Islamic culture and art and history, Qatar has unveiled its landmark Museum of Islamic Art after an 18-month renovation ahead of the World Cup. The five-story building has redesigned its collections, with some two-thirds of the thousand exhibits new to the museum.

The capital will be raised through a rights issue.

The fund has hired a large group of banks including Citi and JPMorgan to arrange a debut issuance of multi-tranche US dollar-denominated green bonds.

It will take $60-85 billion for the GCC to put in place a modern recycling system for waste management, according to a study carried out by Boston Consulting Group (BCG) and the World Business Council for Sustainable Development (WBCSD).

Iran and United States have arrived at a deal to exchange prisoners and unfreeze Iranian funds abroad, according to media reports. The deal includes freedom for eight people held in the custody of two countries. The exchange will follow a UN statement last week that a former UNICEF official was...

Its value is $2.8trn in the first nine months of the year.

The EU executive believes it can raise €140 billion from the levies on non-gas electricity producers and on energy majors that are raking in outsized profits from the global energy demand.

The shirt, which sold for $9.3 million to a secret buyer, has been loaned to Qatar's 3-2-1 sports museum and will go on display from Sunday until April 1.

Saudi Arabia is expecting to record an increase in its budget surplus in 2022 to S24 billion, according to the kingdom's Minister of Finance. The top oil exporter of the world is hoping to see its GDP grow by 8 percent, and it expects inflation to be around 2.6 percent.

Saudi Arabia is expected to generate an annual income of $32 billion from recycling waste by 2035, according to the minister of environment, water and agriculture.

The Saudi utility now boasts of $67bn investment portfolio.

The 2022 World Cup may prove to be a big windfall for Qatar as it hopes to make some $17 billion in profit from the event. The global sporing event is expected to draw tens of thousand of football fans from around the world to watch dozens of games in...