The acquisition will support the telecom giant's digital ambitions.

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.

LONDON: The United Kingdom will provide $68 million in funding to help the Middle East and North African countries' energy transition and development of green infrastructure, British Minister for the MENA region James Cleverly said. Cleverly made the announcement on the second day of the UN Climate Change Conference (COP26)...

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 gross volume growth was mainly driven by Asia Pacific, India, Australia, and the MENA region.

Egypt is looking to increase the share of renewable energies to over 42 percent by 2035, after the country reached 2022’s target for boosting renewables to 20 percent early this year.

The MENA region will need some 3,000 new aircraft worth $700 billion in the next 20 years to cater to the demand for air travel. The conclusion was drawn by Boeing in its Commercial Outlook for 2021.

Zoomcar targets 5,000 cars in Egypt by March 2022.

The combined current account balance of oil exporters in the GCC region is likely to shift from a deficit of $6 billion in 2020 to surpluses of $165 billion in 2021.

The fund also warned that the longer-term risk of the uneven recovery could permanently widen wealth, income, and social gaps.

It is the 'largest seed' raised by a MENA SaaS firm.

The region’s average real GDP per capita is forecast to increase by only 1.1 percent in 2021 after declining an estimated 5.4 percent in 2020.

 The United Arab Emirates will aim to achieve net-zero emissions by 2050, a plan commensurate with the country’s 2050 Strategic Initiative. It will make the UAE the first country in the whole of MENA region to take such action.

The region’s per-capita GDP is forecast to grow by only 1.1 percent this year after declining by about 5 percent in 2020.

The national drive aims to achieve net-zero emissions by 2050, making the UAE the first MENA to do so.

BitOasis, the UAE-based crypto trading platform, has obtained $30 million in funding, and intends to use the capital to expand its footprint across the MENA region.

Saudi Arabia had achieved contactless payment adoption of 94 percent, which is higher than even the EU.

Saudi Arabia has managed to digitize some 50 million real estate documents under the Real Estate Title Digitization Initiative. It is one of the initiatives of the Ministry of Justice in the National Transformation Program.

He was appointed acting CEO of the group in April

Expo 2020 Dubai is the first world expo in the Middle East, Africa, and South Asia region.

A Dubai-based think-tank has said that as many as 254 start-ups, mostly from the UAE, Saudi Arabia, and Egypt, have attracted a record-breaking funding in 2021.

The bank will make the investment over the next two years.

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.

Centrecoat Methyl Methacrylate (MMA) is recommended for marking traffic signs and signals on public and private roads as well as parking areas

Two key Dubai firms — Dubai parks operator DXB Entertainments and Dubai ports operator DP World — have de-listed from the DFM and Nasdaq Dubai since the start of 2020.

An American startup Eat Just has tied up with Doha Venture Capital (DVC) and Qatar Free Zones Authority (QFZ) to build the first-ever cultivated meat facility in the region. 

Women to form 30 percent of board members under agreement.

Without water resilience, the MENA region may see a loss of 6-14 percent of the collective GDP by 2050, says the latest World Bank report.

DHI 2048 organisation launched in UAE is the part of latest cooperation to strengthen the ties between the UAE and Israel

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.

The UAE is the highest ranked in the region, and the fourth country globally, in terms of overall global connectedness.

The launch of the tool is in line with the emirate’s new target to boost its foreign trade from around $380 billion to around $545 billion over the next five years.

The project will save energy while creating a sustainable and clean manufacturing process, says TAQA.

The hospitality industry has been the worst hit by the Covid pandemic, but there are signs that suggest a recovery of sorts is underway in the sector.

Audi Middle East has posted a 37% increase in sales in the first half of 2021.

The government will work with the private sector, including local and international investors, to achieve the goal The kingdom is open to discussions with heavyweights like Amazon, Google, and other players willing to invest in the kingdom Saudi Arabia is looking to transform the kingdom into the main data center...

HSBC has sanctioned a loan of $81.67 million to Aldar Properties that has its interest linked to achievement of sustainability targets This reportedly made Aldar the first real-estate company in the Middle East and North Africa region to get such a loan   Global lender HSBC has sanctioned a loan...

The company will invest in the UK, Europe, the MENA region, South Asia, North America Sharia-compliant investment industry is available across 80 countries but remains relatively new in Western markets Ethos Invest, the UK-based firm, seeks to raise $1.38 billion through a new Shariah-compliant fund, and become the world’s largest...

Growth in digitalization has led to an increased risk of cybercrime Risk and compliance practices may fall short of global standards More than half of the Middle East and North African (MENA) businesses face new financial crime risk challenges triggered by the pandemic, a new report by global data provider...

Amazon's Climate Pledge aims to achieve net-zero across its businesses by 2040 The projects are expected to come up Saudi Arabia, UAE, and Egypt The Middle East and North Africa region will see a number of sustainable projects being launched by global eCommerce giant Amazon as part of its Climate...

25 percent say that a data breach poses the most significant risk to business operations Refinitiv expert says deploying advanced technologies will be key to tackling financial crime     Covid-19 pandemic has given rise to new financial risk challenges in the Middle East and North Africa (MENA) region, according...

Partnership, which began in 2016, extended till 2027 BCT will continue to handle TIBCO requirements for all local customers in the MENA region and India BahwanCyberTek (BCT), a global provider of digital transformation solutions, and TIBCO Software, a global leader in enterprise data, have announced the extension of their partnership...

Revenues from cinema in the Mena region is expected to defy global trends and hit $1 billion by 2024  Box office revenues in the Mena region are expected to grow by 4% in the aforementioned period, compared to a 2.4% decline worldwide Revenues from cinema in the Middle East and...

Entire DDEC business and inventory will be fully integrated and absorbed into Proserv’s Middle East-based service operation Proserv has multiple sites in the MENA region, including in Abu Dhabi, Dubai, Doha and Dammam   Controls technology company Proserv Controls has announced the acquisition of the trade and assets of Dron...

The UAE maintains its position as the US' largest trading partner in the MENA region for the 12th year in a row The UAE and US  partnered to form the Economic Policy Dialogue in 2012 The  US and the  UAE  have reaffirmed their desire to expand engagement and pursue new...

  Saudi Arabia dominates startup investment sector during May In all nearly $110 million was raised across 35 deals over the month Saudi Arabia has topped the startup investment market in the Middle East and North Africa (MENA) region during May, Arab News quoted from figures released by entrepreneurship platform...

UAE government initiatives for promoting skills-based economy have a positive impact on the economy More women enroll for Science, Technology, Engineering and Mathematics (STEM) courses    UAE ranks first in the MENA region and second globally in overall business skills, only after Luxemburg, said Coursera's Global Skills Report 2021.  ...

The Public Investment Fund (PIF), led by Governor Yasir al-Rumayyan, is at the heart of Saudi Arabia's plans to transform the economy The fund is expected to inject $40 billion annually into the local economy, and increase its assets to $1 trillion by 2025   Saudi Arabia's Public Investment Fund...

CEO DP World-UAE Region Abdullah Bin Damithan calls Dubai gateway for Chinese exporters Opportunities for Chinese companies in the MENA region discussed at Webinar hosted jointly with Chinese Business Council   Dubai Ports World, UAE Region, has said it will support and partner with Chinese companies to boost trade between...

M2P Solutions works with over 500 fintechs across Asia, Middle East It has also partnered with over 30 banks in different countries to deliver on the API capabilities     M2P Solutions, the API Infrastructure company that started operations in the Middle East earlier this year with Abu Dhabi as...