MENA

Sheikh Mohammed and Vietnam PM discuss enhancing bilateral cooperation, sign CEPA

CEPA facilitates UAE service providers' access to various sectors in Vietnam, including business, finance, and tourism

stc Group inks strategic partnership with Future Investment Initiative Institute, 8th annual conference

stc Group will be participating in the panel session titled 'Is I.T. Infrastructure One-Size-Fits-All?'

Oman’s OQEP shares listed on MSX as largest company with over $7.79 billion capitalization

This underscores efforts to diversify MSX by adding key players from various sectors of Oman’s economy

ADGM appoints Sir Nicholas Patten as Court of Appeal Judge to ADGM Courts

Sir Nicholas Patten replaces the Right Honourable Sir Peter Blanchard KNZM after he recently retired as an ADGM Court of Appeal Judge 

UAE committed to building advanced technological ecosystem that captivates global attention

The country has become the go-to destination for entrepreneurship and talent

Sharjah Airport and Air Arabia launch daily flights to Maldives, boosting tourism and connectivity

Air Arabia will provide daily flights between Sharjah Airport and Velana International Airport in Malé, Maldives, utilizing Airbus A320 aircraft

Abu Dhabi’s NMDC Group reports $598.96 million net profit in first nine months of 2024, driven by strong project pipeline

A remarkable 68 percent increase in revenues and a 45 percent rise in net profits compared to the same period last year

Saudi Arabia’s real estate price index rises 2.6 percent in Q3 2024, fueled by residential and commercial growth

The residential sector was the main contributor to this overall increase, experiencing a 1.6 percent annual growth

NEOM opens Sindalah: A new luxury travel destination in the Red Sea

Set to welcome up to 2,400 guests per day by 2028, the unique island will generate around 3,500 jobs

Oil prices plummet as Middle East tensions ease, demand outlook weakens

Brent Oil Futures set to expire in December decreased by 4.1 percent, closing at $72.97 a barrel

ADPF partners with Aldar for pensioner discounts, benefits via ‘Darna’

The Darna platform will offer pensioners and beneficiaries customized discounts and promotions

UAE signs two agreements with IMF to support PRGT, RST funds

At the October 2023 IMFC meeting in Marrakech, the UAE announced a $200 million co-financing initiative for the PRGT

Paris International Conference raises $1 billion in aid for Lebanon

Conference gathered over 70 nations and international organizations

Dubai Finance launches Smart Installment System and Biometric Payment System

These agreements were revealed during the recent Gitex Global 2024 event in Dubai

Aldar completes redevelopment of Al Hamra Mall in Ras Al Khaimah

The project is part of Aldar's $272.25 million investment initiative in significant retail locations

Oil prices surge with notable weekly gains as traders react to supply concerns, mixed economic signals

Brent crude futures for December delivery rose 0.4 percent to $74.70 per barrel

Middle East economic confidence improves: Non-oil economies driving growth amid global volatility

New survey highlights marked improvements in the region’s Capital Expenditure and Employment indices

e& completes acquisition of controlling stake in PPF Telecom, expanding global reach to 38 countries

This collaboration will drive growth and create opportunities for digital services, IoT solutions, and B2B offerings

Abu Dhabi’s PureHealth introduces technology platform to link in-hospital and remote healthcare services

Patients can visit SEHA-affiliated facilities in Al Dhafra for remote consultations and medical exams with PureHealth doctors 

CBUAE reports banks extend $22.1 billion in financial support to SMEs by mid-2024

SME loans made up 9.5 percent of 232.9 billion in financial facilities for commercial and industrial sectors as of June 

UAE drives regional economic growth: Insights from LSE Deputy CEO

The country has successfully completed 37 bond issues amounting to a total of $18.51 billion 

Abu Dhabi Commercial Bank announces H1 2024 net profit after tax of $1.2 billion

Customer deposits in current and savings accounts totaled AED169 billion by the end of September 2024