A court in Dubai has directed Nissan Motor Co. Ltd. and Nissan Middle East to pay $354 million as compensation to Al Dahana FZCO in the case filed by the latter back in 2019.

Shares of Al Rajhi Bank gained three percent in today’s trading session, touching its highest level in 15 years. The share was trading at SR135.20 in the morning session.

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.

Dana Gas, the UAE-based natural gas company, has seen its earnings double from its operations in Egypt and Iraqi Kurdistan so far this year.

The Saudi Arabia-based company gets approval to float 6.3 million shares.

The United Arab Emirates-based healthcare and education investment company, Amanat Holdings, has sold its 13.13 percent of minority equity stake in the Saudi International Medical Center for $118 million.

Kuwait is looking to revitalize its tourism industry, and in this regard Kuwait Touristic Enterprises plans to increase its capital to $996 million.

Emirates Stallions Group, a subsidiary of the International Holding Company (IHC,) has secured a $12.5 million contract from the Abu Dhabi City Municipality to manage the landscaping and upkeep of Corniche Road.

Huawei, the Chinese tech giant, will invest $15 million across the Middle East during the next three years in order to widen its cloud services market in the region.

Days after securing a $125 million Series B funding from SoftBank, the Saudi startup, Unifonic, says that it wants to be profitable first before listing on a stock market.

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.

Abu Dhabi will obtain large generator step-up (GSU) transformers, protection and telecommunication systems for the Al Dhafra PV2 Solar project from Hitachi ABB Power Grids.

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.

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.

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

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.

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.

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.

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.

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

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. 

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

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.

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.

More than a million passengers are expected to arrive at Dubai International (DXB) over the next 11 days in what could be the aviation hub’s busiest weekends so far this year.

Saudi Venture Capital Company (SVC) has funded nearly 75 startups since its birth in 2018, providing them with about $250 million.

A year after posting billions in losses, Saudi British Bank (SABB), an affiliate of HSBC Holdings, has posted a sizeable net profit of $245 million in the second quarter of 2021.

Egypt’s exports of engineering products spiked by 54 percent to $282 million in June 2021, compared to $180m in the same month in 2020,

Saudi Arabia has seen a sharp rise in the gaming market among its population, with total gamers running into 21 million and the market growing at 4.1 percent this year.

Saudi Arabia has vaccinated more than 26 million people against the coronavirus ever since the kingdom began to inoculate its population a few months back.

During the first five months of this year, the Egyptian export of iron, steel has surged 179 percent to $584, lending a much-needed boost to the economy of the North African country.

The King has directed the country’s officials to provide Malaysia with aid after the country’s Foreign Minister requested Saudi Arabia for assistance in fighting off the surge in infection.

During the month the Real Estate Development Fund has deposited the money into accounts of Saudi citizens benefiting from the Sakani program.

The country has seen its economy contract by more than 8 percent last year, and its pile of debt has made it more worse

A consignment of two million illegal pills was seized by the Saudi authorities along the kingdom’s border with Jordan. The drugs were hidden in tomato paste jars.

Al-Khaleej to build a factory in Spain with an investment of $590m. It will produce 900,000 metric tons of sugar a year

Only Saudi Arabia traded more with Bahrain, with the total value reaching $781 million during the quarter Oman was followed by Kuwait, which recorded $99 million in bilateral trade in Q2 There has been an unexpected surge in trade between the United Arab Emirates (UAE) and Bahrain in the second...

The funding to Egyptian businesses is expected to boost job creation The funding will also go towards purchasing factory machinery and medical equipment Small and medium-size enterprises in Egypt will receive a big boost from Saudi Arabia in more than $17.25 million funding, allowing them to stay afloat. This was...

Yemen is plagued by conflict that started with Houthi insurgence Some 80 percent of Yemenis are dependent on aid To cope with a worsening humanitarian crisis in the country, Yemen would receive $150 million in aid from the World Bank to shore up the war-scarred country’s basic healthcare, nutrition, and...

The QIA now hold a below five-percent stake in the Swiss bank Earlier it held about 133 million shares, making it the bank’s biggest shareholder In yet another crushing blow to the standing of Credit Suisse, the Qatar Investment Authority (QIA) has lowered its stake in the bank to below...

Abu Dhabi’s sovereign wealth fund Mubadala Investment Company has offloaded A$363 million ($274.82 million) share in Oil Search, which has major stakes in Papua New Guinea’s emerging liquefied natural gas (LNG) sector. Mubadala sold a 4.5 percent stake in Oil Search Ltd, the oil and gas producer said in a...