The Abu Dhabi National Co.has revealed that it would build a new liquefied natural gas plant with the capacity to produce some 9.6 million tons a year.

The UN will ask for $80 million in donations in order to remove nearly a million barrels of oil on a stranded supertanker off the coast of Yemen.

President Recep Tayyip Erdogan on Monday pledged that Turkey would not drive Syrian refugees back to their home country despite pressure from opposition parties. Turkey is today home to more than 3.6 million Syrian refugees who fled after civil war broke out in 2011.

Flydubai has reported a 114 percent jump in passenger bookings in the first quarter of the year. The airline said it has operated 19,000 flights and carried 2.35 million passengers during the period. Moreover, the airline also witnessed an increase in demand for connecting traffic with 43 percent of the...

More Syrian children are in need than at any time since a devastating civil war erupted over a decade ago, but funding for them is "dwindling", the United Nations warned Sunday. "Children's needs, both inside Syria and in neighboring countries, are growing," said Adele Khodr, UNICEF's Middle East chief.

Saudi Arabia has okayed six tourism projects to the tune of $400 million in the first quarter of 2022.

More than 70 shells embedded in a footpath outside a Bangkok shopping mall have been found to be the fossils of marine creatures that lived more than 66 million years ago.

India seized $725 million from the local bank accounts of Xiaomi after a probe found the Chinese smartphone giant unlawfully sent money abroad in the guise of royalty payments, authorities said Saturday. The firm's India office was raided in December in a separate investigation over alleged income tax evasion.

Dubai has set up a $100 million venture capital fund in order to provide financial support to fintech startup companies. The fund, scheduled to be launched in June 2022, was approved by Crown Prince of Dubai, Sheikh Hamdan bin Mohammed, after a meeting with the executive council.

The Saudi developer reports $37m net profit in Q1.

Dubai Investments Co. has earned 50 million dirhams ($258 million) from the Emicool deal it concluded earlier. According to the company’s CEO, Khalid bin Kalban, the company will use the funds in debt reduction, paying exceptional profits to shareholders and making further investments. The company sold a 50 percent stake...

The Saudi dairy company recorded 9% jump in net profit.

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.

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

DEWA has decided to increase number of shares from 260 million to 760 million to be offered to retail investors in its Initial Public Offering (IPO).

Lebanon's electricity company is charging $16 million to supply power on the day of the May 15 parliamentary polls, a sum that exceeds the overall election budget by nearly 30 percent, the interior minister said.

To achieve development goals, the MENA region must create three hundred million jobs, according to President of the World Bank David Malpass.

Shares of Saudi mining firm Amak surged 30 percent on its debut on the kingdom's main stock exchange.

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.

Multiply Group has said that it will be investing AED367 million into the Dubai Electricity and Water Authority's (DEWA's) initial public offering as a cornerstone investor.

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.

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.

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.

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.

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.

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.

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

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

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.

Jordan has recorded a seventeen percent increase in the export of agricultural products to JD734 million in 2021, compared with JD639 million in the same period in 2020.

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.

A study undertaken by the Saudi Ministry of Tourism sees the sector providing thousands of jobs for the young people in the kingdom.

Dubai has imported eight million tons of food during 2021 and re-exported 6.277 million shipments through all its ports, a Dubai Municipality press release said on Thursday.

Amanat Holdings has posted a huge jump in its income for the year ended December 31, 2021 to AED367 million as compared to AED70.6 million recorded last year.

Nawy, a Cairo-based property dealer, obtained a seed funding round of $5 million, led by the Sawiris family office.

Al-Dawaa, a pharmaceutical retail firm in Saudi Arabia, has set the price range for its initial public offering at SR65 ($17.3) to SR73 per share.