Saudi Arabia is confident that its new mining law will lure private investment from the kingdom as well as abroad as it seeks to exploit an estimated $1.3 trillion of potential value in the sector.

Bunyan United Company, the Saudi Arabia-based real estate firm, has tapped BMG Financial Group as its advisor for its upcoming listing on Nomu, a parallel market in the Saudi stock exchange.

Saudi Arabia has awarded a $95.4 million contract to a consortium to manage water services and environmental treatment in Riyadh.

Elkaso, the United Arab Emirates-based company, has raised $2.1 million in a pre-seed round, with Global Founders Capital leading the funding round.

DP World, the Dubai-based port operator, will invest $415 million in a new berth at its London Gateway logistics hub to increase supply chain resilience and create more capacity.

The startup's latest funding is led by SoftBank and a unit of the PIF.

ACWA Power of Saudi Arabia intends to raise nearly $1.2 billion through Initial Public Offering (IPO), and in this regard it has set an indicative price range of the IPO.

A Saudi court sentenced twenty four Saudis and foreigners to up to 20 years in prison for laundering nearly $4.50 billion. The criminal gang channeled illicit funds through factories, companies, institutions and medical clinics.

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.

Halliburton, the US oil field service giant, is in the final stages of building the first reactor plant for the manufacture of chemicals in King Salman Energy City “Spark” in Jubail, and production will begin in the first quarter of 2022.

Egypt’s exports recorded a nearly fifty percent jump to $3.61 billion in June 2021, as a compared to $2.94 billion in the same month last year, official data showed.

The Omani bank's new rights issue has been fully subscribed.

Oman has suffered a sharp decline in its total actual revenues, falling a staggering twenty percent to $22.1 billion in 2020.

The United Arab Emirates (UAE) intends to spend some $6.53 billion over the next five years in order to create jobs for 75,000 Emiratis in the private sector.

Sidra Capital, the Saudi Arabia-based investment firm, has bought an office building in the United Kingdom for $26 million.

The popular Jordanian online card game studio, Jawaker, was bought by global gaming company Stillfront Group in a $205 million deal. Stillfront has previously marketed games published by Babil Games, an international mobile games publisher in the MENA region.

Aramex, the Dubai-listed courier agency, is in talks with MNG Kargo, the Turkish delivery company, to buy it completely for close to $500 million.

Standard Chartered has forecast that Bitcoin will touch the magical figure of $100,000 in the first quarter of 2022, and in the longer term, the cryptocurrency will hit $175,000. On Wednesday, Bitcoin was trading at a little more than $46,000.  Ethereum and Binance Coin were trading at $3,413 and $409,...

Continuing with its expansion strategy, Eltizam Asset Management Group, a subsidiary of the Abu-Dhabi based International Holding Company, acquired Inspire Integrated for 37 million dirhams ($10 million).

Bahrain’s central bank has revealed that cashless transactions in the country has surged 50 percent to $744 million in August, after reaching nearly $4 billion in the first half of the year.

Egypt's net foreign reserves have risen to $40.672 billion in August from $40.609 billion in July, the central bank said on Monday.

If you are an investor, you can now own a share of Dubai property for as little as $136.

The United Arab Emirates is seeking to lure $150 billion in foreign investments as part of a broad nine-year plan to strengthen its trade and economic ties in Asia and Africa.

Saudi Arabia has launched a strict campaign of penalizing companies and individuals involved in polluting water resource of the kingdom. The fine could be up to $5.3 million.

The combined net profit of four major banks in the United Arab Emirates has vaulted to $4 billion in the first half of 2021, up 17 percent compared to the same period last year.

Countries across the world are expected to be spending some $557 billion in 2022, up by 6.5 percent compared to 2021, on IT services and software.

Work began on Egypt's $9 billion first high-speed train project, connecting the Red Sea coast with the Mediterranean coast, across a length of 660 km, and at a cost of nearly $9 billion.

Saudi Central Bank’s (SAMA) net foreign assets suffered a $4.4 billion drop in July, SAMA data showed on Sunday.

Saudi non-oil exports recorded a 40 percent jump, the highest-ever monthly level, in June 2021, touching $6.2 billion.

The fintech sector has attracted nearly 30 percent of all the funding raised during the year, with one in four deals made in the most sought after sector.

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.

Saudi Arabia has begun to obtain ‘high-resolution’ geological data spread over 600,000 square kilometers in the kingdom, enabling it to find mineral deposits in the region.

The Information technology (IT) sector in Saudi Arabia will witness a big boom, with the market expected to touch $27 billion by 2025.

During the current financial year, the International Finance Corporation (IFC), a member of the World Bank group, provided financing worth $10.4 billion in the MENA region.

Nearly half of Bahrain’s wealth, of $69 billion, is possessed by its super-rich citizens, according to Boston Consulting Group (BCG).

International Holding Co (IHC), Abu Dhabi’s largest conglomerate, is looking at acquisitions of various companies in different sectors.

 Egypt’s non-oil exports leaped up by 22 percent during the first seven months of 2021, posting $17.70 billion as compared to $14.55 billion in the same period of 2020.

Dubai’s Alcazar Energy Partners, a wind and solar developer, has been bought out by the state-owned Chinese company Three Gorges South Asia Investment Ltd. for $500 million.

Kuwait International Bank said it has completed the sale of its exposure in troubled UAE healthcare group, NMC.

Drake & Scull International (DSI) has reported a net profit of $21.2 million for the first half of 2021. The Dubai-listed firm’s revenue increased to nearly 22 million, a statement to the Dubai Financial Market (DFM) said on Wednesday. 

Bahrain has succeeded in lowering its deficit by 35 percent to $1.38 billion in the first half of 2021, compared with the same period last year.

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

To forestall the crippling effects of climate change, Saudi Arabia and the UAE have put on track projects worth billions of dollars to significantly lower emissions.

Damac Properties, the Dubai-based developer, posted a net loss of $27.5 percent for the second quarter as compared to the loss of $77 million during the same period last year.

The strategic merger between Arkan and Emirates Steel Industries highlights the focus of the UAE's new industrial initiative 'Operation $300bn.'

Saudi Arabia has paid nearly $27 billion, since 2017, in monthly handouts to low-income families, facing the unintended effects of reforms.

Sky Abu Dhabi Development will invest nearly a billion dollars in Egypt during the next two years in the North Coast and in New Cairo.

Dubai’s Palm Jumeirah has seen its sales and prices touch newer levels during the last few years, spurred by strong demand.

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.

In a sign of economic rebound in Saudi Arabia, banks in the kingdom are reporting better than expected financial results for the second quarter, after a slump in business during the Covid pandemic.