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 firm will buy controlling stake for $158 million.

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.

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

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

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.

The Central Bank of Kuwait has issued bonds and tawarruq for six months with an accumulated value of $792 million.

PIF, Saudi Sovereign Wealth Fund, is in talks with four construction firms in order to make investments to the tune of millions of dollars in the companies.

The UAE is going to invest some $2 billion in Egypt by buying up the state-owned companies in order to shore up the country's teetering economy as hardships from the Ukraine war spike.

In order to protect SMEs from economic recession, Saudi Arabia provided more than $80 billion in support to the businesses, according to the head of the authority known as Monshaat.

SALIC of Saudi Arabia, a subsidiary of the PIF, has said it will acquire 35.43 percent of Olam Agri Holdings for $1.24 billion.

A giant diamond nicknamed "The Rock" went on display for the first time in Dubai on Friday ahead of an auction where it is expected to fetch up to $30 million.

The analysis by London-based think tank InfluenceMap found the world's 30 biggest listed finance groups provided $740 billion to fossil fuel producers in 2020 and 2021.

A land bridge linking up the western part of Saudi Arabia with its eastern region will cost some $26 billion once all the factors have been taken into account.

Shuaa Capital, the Dubai-based fund manager, has set up a $250 million venture debt fund in order to shore up businesses and create jobs in the region.

The money will go in producing aviation fuel from waste.

Qatar Airways has denied that it owes Airbus $220 million in compensation for the rejected A350 aircraft. The Gulf carrier said that by refusing to accept two of the wide-body jets from Airbus it has in any way breached its contract with Airbus.

The company's listing will be the biggest since Aramco.

Mubadala of the UAE will invest $395 million into CityFibre, Britain’s biggest independent provider of full-fiber broadband infrastructure, according to media reports.

The company's profit declined to $27.4 million in 2021.

The family of a UK/Iranian man freed this week after spending five years in a Tehran jail were forced to pay Iran $36,500 in order to secure his return home, they said Saturday. Anoosheh Ashoori, a retired engineer from southeast London, was jailed for 10 years on charges of spying...

The Saudi Electricity Co. has posted a 375 percent increase in net profit to $3.84 billion in 2021, according to a bourse filing.

Saudi National Development Fund will inject SR570 billion ($152 billion) in the Kingdom’s economy by 2030, Saudi Arabia’s Crown Prince Mohammed bin Salman said.

Jadwa Investment of Saudi Arabia has launched a new Shariah-compliant real estate fund to the tune of $800 million. The company manages a portfolio of property worth $3.36 billion.

Arabian International Healthcare Holding Co., also known as Tibbiyah, has posted a fourteen percent drop in net profit to $21 million in 2021.

The net profit of Gas Arabian Services Co. has decline to $16 million.

Saudi startups have secured 58 percent of the total $375 million in funding in the MENA region in February.

Careem, the vehicle-for-hire firm, has set its sights on raising some $500 million from investors, including regional sovereign wealth funds.

DP World of the UAE has posted a twenty six percent increase in revenue to $10.8 billion in 2021, despite problems in supply chain network.

The lips pouted to perfection, the neck was long and poised, and the judges were sure that no Botox was involved as they awarded Qatar's largest cash prize for a camel beauty contest in front of an enthusiastic crowd.

AHOY, a UAE and Saudi operating logistics startup, has raised $20 million in financing from undisclosed investors. 

The Emirati budget airline carried 5.6 million passengers last year.

Yanbu Cement Co., one of Saudi Arabia's largest cement producers, has posted a forty three percent dip in net profit to $43 million in 2021.

East Pipes of Saudi Arabia has secured a Shariah-compliant working capital financing of $133 million from Bank Albilad.

Tadawul Group has posted a seventeen percent jump in net profit to $157 million in 2021, according to a bourse filing. Tadawul owns Saudi Arabia's main stock exchange.

The Makkah Chamber of Commerce and Industry and Jordan have signed an agreement to boost economic ties between the two countries. The bilateral agreement aims to be worth more than $1 billion.

Telecom Egypt has posted a net profit of $535 million for 2021, a seventy four percent jump compared to the previous year.

Saudi exports to the world are estimated to grow 7.6 percent to $354 billion by 2030, according to Standard Chartered.

Al Arabia, an advertising firm, has posted a net profit of $55 million in 2021, a 718 percent jump compared to the previous year.

The economic ties between the UAE and India have been reinforced by growing trade between the two countries that stood at $60 billion in 2019. It is now estimated to touch $100 billion by 2030, a far cry from $180 million in the 1970s.

Capital Bank of Jordan has made its first-ever bond listing of $100 million on Nasdaq Dubai, the Middle East's international financial exchange.

The United Arab Emirates has offered $5 million in assistance to Ukraine to tide over problems suffered by civilians in the ongoing conflict.

Qatar Airways on Monday accused aviation giant Airbus of blocking efforts to settle their billion-dollar dispute over the safety of the A350 as it announced that another plane has been grounded with peeling paintwork.

Emirates Global Aluminium, or EGA, has posted a 1,140 percent jump in net profit to $1.5 billion for 2021.

Lucid Motors has leased a big plot of land for $30 million in King Abdullah Economic City Industrial Valley, in Saudi Arabia, to produce electric vehicles in the kingdom.

Saudi National Bank, with backing from its largest shareholder, the Public Investment Fund, is looking to make big acquisitions in Europe and Asia.

Aramco is inching closer to dislodging Apple as the world's most valuable company when the former's shares rose up, taking the market value of the Saudi company to $2.24 trillion. The market capitalization of Apple stands at $2.6 trillion.

The Saudi real estate sector will contribute close to nine percent to the national gross domestic product by 2030, according to the kingdom Minister of Housing.

Al-Dawaa, Saudi pharmacy chain, has raised $27 billion in equity from institutional investors after its first sale of shares to the public.