MENA

ADGM FSRA publishes IT Risk Management Guidance

The Guidance provides a comprehensive framework for managing technology risks in ADGM's financial services sector

Emirates opens its first World Store in Southeast Asia with a unique experience in Manila

The store is designed to function as a comprehensive destination where customers can discover Emirates’ top-tier products and services

How is the GCC region driving tourism growth? Mega-projects, coastal developments and unified visa in focus

In 2024, the projected revenue for the GCC region's travel market is estimated to be $8.08 billion

Sheikh Hamdan witnesses agreement for new global MMA championship

The much-anticipated event is scheduled for 25 January 2025, at the Coca-Cola Arena located in Dubai’s City Walk

Global spending on AI reaches over $120 billion in 2023: SDAIA

SDAIA Director of National Information Center noted that over 72 percent of organizations use AI for operational excellence

Etihad Airways reports $381 million profit after tax for first nine months of 2024

The carrier achieved 21 percent revenue growth, surpassing $5 billion in the first three quarters

Autocraft’s E20+ air taxi: A new era for urban mobility in the UAE

The “E” signifies Electric, highlighting the zero-emission propulsion that shapes the future of sustainable air travel

Dubai International Chamber attracts 157 multinational companies, SMEs from Q1 to Q3 of 2024

The Chamber successfully supported 75 local companies expanding into global markets

Crown Prince of Abu Dhabi reviews Mubadala’s progress, stresses UAE investment importance in Brazil

Mubadala’s investments in Brazil have greatly contributed to the country’s socioeconomic development over the past 12 years

RTA launches comprehensive initiatives to enhance taxi services for residents, visitors in Dubai

RTA is also testing air fresheners in 500 airport taxis and using AI to detect smoking with in-car cameras

World Bank partners with ADGM Academy to boost financial literacy, economic knowledge

The collaboration will create an environment that equips individuals, businesses, and governments with the skills to thrive in the evolving financial landscape

Abu Dhabi’s TAQA, JERA and Al Bawani to develop two new highly efficient power plants in Saudi Arabia

These agreements will enable two new CCGT projects in Saudi Arabia with over 3.6 gigawatts capacity 

ADX executes $40.56 million deal in IHC shares

This transaction consisted of 360,000 IHC shares, each priced at AED414

UAE sustains role as key regional hub for trade, business, travel: World Bank

This prominence is due to the country's successful economic diversification and reduced reliance on oil 

DXB welcomes 68.6 million travelers in nine months, up 6.3 percent over last year

In Q3, over 111,300 flights were managed, totaling 327,700 flight movements for the first nine months

Arab stock exchanges’ market cap rises 2.54 percent to $4.3 trillion in Q3 2024: Report

The Beirut Stock Exchange led the upward movement among Arab stock exchanges, with its index increasing by 29.03 percent

MENA region sees 522 M&A deals valued at $71 billion in 9M 2024: Report

MENA M&A market is extremely buoyant and is expected to end the year with more than 700 deals, close to the historic five-year high of 750 deals

UAE joins Oman in National Day celebrations

Non-oil trade between the two countries reached AED51 billion last year, up from AED48.7 billion in 2022

EFG Hermes launches $300 million Saudi Education Fund, acquires Britus Education portfolio of 7 schools

After having created the leading K-12 operator in Egypt, EFG Hermes aims to replicate its success story in the Saudi market

Dubai’s RTA improves access in four neighborhoods for 400,000 residents

Once completed, these improvements are anticipated to boost capacity by 50 percent to 80 percent

Lebanon sees $8.5 billion in physical damages, economic losses amid conflict: World Bank

Damages to physical structures alone amount to $3.4 billion while economic losses have reached $5.1 billion

Profitability, asset quality to boost GCC banking sector resilience in 2025: S&P

Brent oil price will average $75 per barrel in the fourth quarter of 2024 and over 2025-2027, which will be helpful for most GCC countries

Global South presents sustainable investment opportunities for Middle East sovereign wealth funds: Report

In the Global South, critical areas like water and sanitation, food security, education, forestry, and biodiversity conservation, remain largely untapped