The kingdom will need an investment of $35.6bn for nearly 20,000 new hospital beds by 2030, according to Colliers. High land costs can be an impediment to realizing the goal.

According to a PWC estimate, the MENA region's blockchain market would reach $3.2 billion by 2024, and the UAE is working to become a major player in the field.

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

UAE and Tanzania have signed an agreement for avoiding double taxation and preventing tax evasion.

Doha, Qatar - Qatar Chamber explored, with the Ruler of Darfur region in Sudan, investment cooperation and enhancing the role of the private sector in the two countries. During a meeting held between Ruler of Darfur Region in Sudan, Minni Arko Minawi and Qatar Chamber First Vice-Chairman Mohamed bin Twar...

Crypto investors fear a possible global recession, especially amidst weak economic activity data, Wael Makarem, Senior Market Strategist - MENA at Exness, tell TRENDS.

South Africa inked the first three of a series of agreements with independent producers to supply wind energy amid worsening blackouts in the continent's most industrialized economy.

China's growth forecast for 2022 was reduced to 3.3 percent from 5.0 percent, as Beijing pursues a zero-Covid strategy that has devastated the world's second-largest economy. Chinese officials are under pressure to curb even the smallest virus outbreaks swiftly, ahead of a key political meeting in October where President Xi...

Doha, Qatar - The United Development Company (UDC), a Qatari public shareholding company, signed a deal with The Commercial Bank (CBQ) to provide home loans for UDC properties at its flagship developments, The Pearl and Gewan Islands. Now, the UDC property buyers would be eligible to apply with Commercial Bank...

TAQA is a diversified utilities and energy group headquartered in Abu Dhabi, and listed on the Abu Dhabi Securities Exchange.

A UAE economic delegation led by Minister of State Ahmed Ali Al Sayegh visited Tbilisi, Georgia.

Signaling an improvement in their relations, Egypt’s President Abdel Fattah al-Sisi will arrive in Qatar for the first time since a four-year rift between the two countries. He will meet with the energy-rich Gulf state’s emir, Sheikh Tamim bin Hamad Al-Thani. The emir paid a visit to Cairo in June...

The Dubai Investment Development Agency (Dubai FDI) at the Department of Economy and Tourism (DET) gained international recognition for its successful efforts in capturing FDI trends and patterns toward positioning the city as a global investment destination.

The Chairman of the Ajman Chamber of Commerce and Industry (ACCI) recently received an economic delegation from the Russian Federation to discuss prospects for developing relations between business owners from the two countries.

A cloud-based HR platform can help HR teams automate and streamline business processes to focus on attracting and nurturing talent. In addition to automating repetitive, low value activities, the right solution can also empower you to deliver better employee experiences, Nombika adds.

Investment funds hold both local and foreign assets.

Saudi women, who had begun with small projects, are now creating startups and setting up factories, highlighting drastic change in business environment in the Kingdom.

Its collaboration with Malaysia will be in key sectors.

Abu Dhabi, UAE - Amazon Web Services (AWS) announced Tuesday the launch of its second Region in the Middle East, the AWS Middle East (UAE) Region. AWS estimates that its projected spending on the construction and operation of the new Region will support an average of nearly 6,000 full-time jobs...

The Saudi pharma firm intends to use the capital for growth.

The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.

Saudi Arabia and Malaysia discussed cooperation in food security and the promotion of the private sector to benefit from investment opportunities in both the countries. Saudi’s Minister of Environment, Water and Agriculture Eng. Abdulrahman bin Abdulmohsen Al-Fadhli met in Riyadh with Malaysia’s Minister of Agriculture and Food Industries Ronald Kiandee....

Investment in nuclear power declined after Japan's 2011 Fukushima disaster, the world's worst nuclear accident since Chernobyl in 1986, as fears over its safety increased and governments ran scared. But following Moscow's invasion of Ukraine in February, the subsequent squeeze on energy supplies and Europe's push to wean itself off...

The eighth Tokyo International Conference on African Development (TICAD8) comes against the backdrop of China's rising influence, cemented on the continent by its "Belt and Road" infrastructure initiative. A "complex" international environment caused by issues including "the situation in Ukraine" surrounds the meeting in Tunisia's capital, the Japanese foreign ministry...

The Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) held its first meeting under the chairmanship of Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development (ADDED) and Chairman Securities and Commodities Authority (SCA).

With the new legal framework, the Ministry of Tourism will have greater control of the quality of tourism services offered within the kingdom.

Sharjah Real Estate Registration Department (SRERD) has revealed that total transactions carried out in July 2022 amounted to 2,417 transactions across 71 different areas distributed over the Emirate of Sharjah.

After decades of conflict, Iraq is in need of foreign investment, and specifically investment in energy sector infrastructure. China, with its soaring energy needs, has stepped in to fill that gap, and is expanding its presence in Iraq under a 2019 oil for construction deal.

In a statement, CAPMAS said that the value of the trade exchange between Egypt and the UAE increased to about US$1.2 billion.

Many Jordanian industrial sectors have the necessary requirements to enter the Algerian market, especially the pharmaceutical components, clothing, chemical and fertilizer industries, as well as the plastic, rubber and metal industries.

The Jordanian and Algerian business community agreed to a new vision for the two countries' economic relations, aiming to open broad prospects for joint trade and investment cooperation.

Director-General of the Ajman Chamber of Commerce and Industry (ACCI) Salem Al-Suwaidi received Ambassador of Mexico to the UAE Luis Alfonso de Alba Góngora to discuss economic cooperation and explore trade and investment opportunities between the two countries.

The UAE is strengthening its food security system through policies that include promoting cooperation with other countries and markets, diversifying sources, and attracting local and foreign agricultural investment.

According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors purchased local stocks worth AED70.27bn from the beginning of the year to the end of last week, compared to sales of some AED54.73bn during the same period.

Blockchain at heart is a ledger, a way of storing transactions that is according to fans secure, transparent and permanent.

Real GDP increased at a growth rate of 11.8% in Q2 2022, driven by the significant increase in oil activities by 23.1% while the non-oil activities increased by 5.4%

The firm will invest $40bn by the end of the decade.

Jordan and Canada on Sunday discussed enhancing bilateral development cooperation, especially in food and water security. Jordan’s Minister of Planning and International Cooperation Nasser Shraideh and Canadian International Development Minister Harjit Sajjan discussed it. The duo also explored ways to combat climate change and promote Investment opportunities. Shraideh highlighted the...

Qatar Chamber would issue a guide to economic and commercial activities in Qatar 2022, aiming to promote its economy and enhance investment in Qatar. The release of guide coincides with Qatar’s hosting of FIFA World Cup 2022, in which hundreds of thousands of visitors are likely to arrive. Qatar Chamber...

The Ministry of Foreign Affairs and International Corporation (MoFAIC) and Etihad Credit Insurance (ECI), the UAE's federal export credit company, have signed a Memorandum of Understanding (MoU) to promote global trade and investment.

The move aims to explore new investment opportunities and areas for cooperation in the best interest of the two countries.

Saudi Arabia's Public Investment Company (PIF) has established a new company in Egypt to drive investment in the north African country. The company will look to take advantage of economic growth in the region within sectors seen as 'promising.'

Jordan Senate's Finance and Economic Committee hosted an expert in economic affairs at the National Democratic Institute (NDI), to look into the draft law regulating the investment environment.

Saudi Arabia’s Ministry of Investment has signed a memorandum of understanding with Alstom, which specializes in the sustainable and smart transportation sector, to explore investment opportunities in the transport sector and localize the manufacture and maintenance of trains. The MoU also entails Alstom to establish its regional headquarters in the...

The US Department of State released on Thursday the 2022 Investment Climate Statements, which help US companies make informed business decisions by providing up-to-date information on the investment climates of more than 160 countries and economies that are current or potential markets for American companies. The Investment Climate Statements also...

The agreements cover logistics and transportation, renewable energies, manufacturing, environment services, aquaculture, defense, trade, engineering and agriculture.

A delegation from the Philippine Business Council, headed by Prof. Gau Raganit, visited the Abu Dhabi Chamber of Commerce and Industry to cement cooperation between the Chamber and Filipino investors in Abu Dhabi.

Washington wants to foster billions of dollars of investment in Africa, the head of its delegation to a US-Africa business summit that began in Morocco on Wednesday told AFP. Alice Albright, chief executive of US development agency Millennium Challenge Corporation, said Washington "is seeking to catalyze billions of dollars in...

The revenues of the medical and recovery tourism, globally, is around $100 billion annually, said Bandar Al Fihaid, President of the Arab Tourism Organization (ATO). He noted the revenue is expected to double over the next 10 years, while saying the Arab tourists expenditure amounts to nearly $30 billion. It indicates...

A SAR 1.5 billion ($399 million) hospitality investment fund that will advance lifestyle hotels in Saudi Arabia will be set up by the Tourism Development Fund (TDF) in partnership with Ennismore and Al Rajhi Capital. Ennismore is the world’s largest and fastest-growing lifestyle hospitality company and Al Rajhi Capital, an...