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.

Dr. Sulaiman Al Habib Group, a private health service provider in Saudi Arabia,  has posted a 30 percent increase in profit to SR1.37 billion ($367 million) in 2021, up from SR1.05 billion recorded in the previous year.

Arriyadh Development Co. posts a forty percent jump in net profit to $85 million for 2021.

Al Rajhi Bank has recommended a sixty percent increase in the bank’s capital to $10.7 billion.

European aircraft giant Airbus posted record profits in 2021 after two years of losses as it cruises past the pandemic-induced crisis in the travel industry, company results showed Thursday. The group, which employs more than 126,000, plans to recruit 6,000 people this year.

India is embarking on the blockbuster listing of the country’s largest insurer as part of a wider privatization drive to bolster public coffers drained by the coronavirus pandemic and fund new infrastructure.

A UN commission set up to obtain reparations from Iraq over the country's 1990 invasion of Kuwait submitted its final report in Geneva on Wednesday after paying out $52.4 billion to the small Gulf state. The last payment was made on January 13 totaling nearly $630 million.

Air pollution costs the Middle East and North Africa $141 billion per year, or around 2% of GDP on average, the World Bank said Monday, urging a green post-Covid-19 recovery for the region.

The operator of the largest Saudi gym chain also sees growth in revenues.

Jazeera Airways of Kuwait has placed an order for 28 Airbus aircraft worth $3.4 billion, according to media reports.

Boeing reported a hefty fourth-quarter loss Wednesday on mounting costs associated with the widebody 787, of which it has suspended deliveries due to quality problems.

The two countries are working on a broader strategy to strengthen collaboration in health care, science, technology, hydrogen, public health, and artificial intelligence.

The setting up of the Gulf Cooperation Council Interconnection Authority in 2019 has enabled countries in the Middle East to save $3 billion.

Masdar Green Real Estate Investment Trust (REIT) has signed a financing commitment to the tune of $200 million with First Abu Dhabi Bank (FAB) to facilitate further acquisitions and portfolio growth.

During the course of last year, Dubai real estate saw a momentous growth, resulting in deals worth close to $41.1 billion, the highest value since 2009.

The Dubai Gold and Commodities Exchange (DGCX) has reported that the exchange recorded a yearly AOI a sum of 1,985,584 contracts and traded 7,076,350 contracts during 2021.

The company's first venture capital fund exceeds initial target.

SEDCO Capital of Saudi Arabia has launched an additional offering of its real estate investment trust fund to increase asset value by SR702 million ($187 million).

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

Saudi Arabia signed deals with Oman valued at $30 billion, state media said Tuesday, as Crown Prince Mohammed bin Salman began a tour of Gulf Arab countries, including former rival Qatar.

Natixis Corporate and Investment Banking of France has signed an agreement to finance ACWA Power projects over the next two years - with a funding of up to $2 billion.

After evoking a huge interest in investors, shares of Tadawul group will begin trading on the main market on Wednesday, Dec. 8.

The OPEC Fund for International Development (OFID) has signed an $80 million loan agreement with the African Export-Import Bank (Afreximbank) to finance international trade directly among corporates or through financial intermediaries.

Samsung Engineering has bagged a $1.23 billion contract from Aramco to develop Jafurah Gas Process Package 1, a major project that marks the first shale gas development in Saudi Arabia.

Turkey and Turkmenistan have set themselves the target of scaling up the bilateral trade to $5 billion, as two countries have inched closer to each other in the past few years.

Abu Dhabi has announced disbursement of housing loans and houses, and residential plots and the exemption of families of deceased and retirees mortgagors from loan repayments.

Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed held talks with Turkish President Recep Tayyip Erdogan in Ankara on Wednesday, opening a new chapter in relations between the regional rivals. Later the UAE announced a $10 billion fund for investments in Turkey, state media reported.

Saudi Arabia recorded a 28.4 percent rise in non-oil exports in the third quarter of 2021 to $18.48 billion thanks to higher shipments of plastic and chemicals.

Trade between Dubai and Israel has grown to $700 million since September 2020 when the Abraham Accords were signed.

Tadawul is looking to raise up to $1 billion from its initial public offering (IPO), after setting the price range per share between SR95 and SR105.

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...

Saudi Arabia has set up a $186.6 million worth solar panel factory in the Tabuk Industrial City to cater to growing demand for solar panels in the MENA region.

Trade between Jordan and the United Arab Emirates has grown to $891 million during the course of last year, and the UAE has invested some $17 billion in Jordan, in a sign of strong economic ties.

Budget deficit of Kuwait has spiraled 175 percent to $35.5 billion in 2020-2021, the highest in the country’s history.

Abu Dhabi Fund for Development (ADFD) will provide the Butha-Buthe District in Lesotho with $20 million in finance for the development of a water supply system in the area.

Tadawul, the owner of Saudi Arabia's stock exchange, will proceed with its initial public offering (IPO) and list the shares on the bourse.

Public Investment Fund of Saudi Arabia is looking to diversify investments into Chinese companies after having confined its overseas holdings to the US and Europe.

Entrustment and Liquidation Center (Infath) of Saudi Arabia has raked in its highest ever amount in October thanks to sales of more than $159.9 million.

The Dutch supreme court on Friday scrapped an order for Russia to pay a record $50 billion to former shareholders in dismantled oil giant Yukos, but the legal saga is set to drag on for years more.

The United Arab Emirates has announced the provision of $10 million to contribute to the reconstruction of some Turkish regions that were affected by wildfires and floods that swept through these areas.

Kuwait has received additional reparations of almost $500 million for Iraq's 1990 invasion, the Iraqi embassy in Kuwait said.

Saudi Arabia is set to begin mining gold from one of the biggest reserves of the kingdom in the first quarter of next year.

The Saudi British Bank (SABB) has posted a 157 percent increase in net profit to $750 million for the first nine months of 2021.

Dallah Healthcare of Saudi Arabia has picked up an 8.2 percent stake in International Medical Company for $77 million in order to widen its business.

Saudi Basic Industries Corp. (SABIC) has posted a nearly 400 percent spike in net profit to $1.5 billion for the third quarter as revenues grew on the back of higher prices.

The Saudi Investment Bank (SAIB) has recorded a 9 percent rise in net profit to $206.7 million in the first nine months of 2021, a bourse filing revealed.

Advanced Petrochemical Company of Saudi has posted nearly 40 percent increase in net profit to $58 million for the third quarter, because of a big jump in polypropylene sales.

NEOM Tech & Digital Holding Company and OneWeb have signed a $200 million joint venture agreement to bring high-speed satellite connectivity to NEOM, Saudi Arabia and beyond in the MENA region.

The Saudi-Swiss Investment Forum aims to touch $3.2bn of financing by 2030. The body, launched on 25 October in Riyadh, will also back Swiss companies who want to invest in the kingdom.

The Chimera Global Fund has surpassed its target of $50 million in its second raise, as it aims to deploy investments to a dozen companies in Series A and pre-IPO stages.