
Tech ecosystem created more than 900 jobs

Toxic workplace conduct is a significant contributor to employee burnout

Funding round expected to value rocket maker at $140 bn

Powell: Depositors' money is safe and we remain committed to lowering inflation

Beverage named Product of the Year Gulf 2023

Why we need to produce water more efficiently and use it more wisely

House Republicans refuse to guarantee deposits exceeding $250K

Leaders Edge Program creates a platform for distinguished capabilities at the ministry

To accelerate growth of innovative start-ups in the region

Qatar expected to increase their offer for the FC this week

No injuries occurred as a result of the spill

Crude oil has been on a declining trajectory since last June

Positioning Abu Dhabi as the fastest growing IFC in the region

Figure may change as the regulator sells off assets

It includes 100 billion Swiss francs in financial assistance

Local banks and firms have limited or no exposure

Interview with Khalid Al-Osaimi, Vice President of Wholesale Marketing, Mobily, Saudi Arabia

Bank's stock has dropped 70% in the last nine trading sessions

Retail spending grew 13% for the full year

Legal support to drive regional improvements

Oversubscribed 136 times

By providing digital infrastructure

Expenditures amounted to AED120.3 bn

DAMAC turned into profitability after it converted to a private firm

Oil prices have fallen to levels seen at the end of 2021

Recording 563 deals in 2022

Plan is to increase local content in the wealth fund's portfolio companies

A bailout from the Swiss National Bank and financial regulator is the most likely

Efforts to develop $3 bn global weather warning system by 2027

Fund inked 4 agreements with local entities to develop the private sector

Tech giants will control 95% of new cars' operating systems by 2025

For false documents, deletion of key evidence

Oil rises on OPEC expectations of demand from China

Academia can help create a dynamic and thriving innovation ecosystem

Banks resumed an open-ended strike on Tuesday

Tarboul is one of the most attractive investment destinations in region

The Retail Summit 2023 kicks off in Dubai

Wider market fundamentals a cause for optimism

GCC banks' sustainability strategies could expand sustainable financings

Despite Biden's reassurances

Continued deleveraging of Dubai-based real estate companies

Net profit up 6%

The round was led by venture capital firm Flat6Labs

AED 1.1 bn T-Bonds issued in the auction

Aggregate net income increased by 31.7% YoY

ADNOC Gas raised nearly $2.5 bn in IPO

Company is the fifth subsidiary of ADNOC to list on ADX

Silicon Valley and Signature shareholders will lose everything."

Saudi advanced the most supported by strong economic data

Signature Bank closed by regulators

Integrated solutions through 16 submarine cables and 25 data centers

The company announces start of subscription period

Cash dividend of $19.5 bn for Q4

Bank branches open Monday to allow customers withdraw up to $250K

Confirms its outstanding achievements in driving sustainability in region

Agreements aim to support small and medium enterprises

AESG CEO on the new skillsets needed to tackle future demands

Government initiatives driving growth in segment

To address critical issues and opportunities

Saturated markets characterized by price wars and monetization challenges

"Make climate education mandatory on school curriculums"

Sovereign Sukuk issuances to reach $80 billion

Isabel Neiva is never afraid to step out of her comfort zone

Project to boost food security in the Arab world’s most populous country

Held under the Finance Track of the G20

Guterres in Kiev to discuss this issue

Rail, road and aviation plans gain traction

During the 17th Annual EFG Hermes One-on-One Conference opening session

UAE taking more cargoes of Russia crude oil

The world must cut emissions by 7% each year

Touching on UAE’s immense overall economic progress and achievements

Saudi Arabia and UAE to lead growth

Despite inflation, global challenges

Offering insights into key trends impacting today's frontier, emerging markets

Fully-automated 1.37 mn sq. ft. facility will create more than 300 jobs

Potetnial Chinese economic recovery could continue to buoy regional markets

The offer period is scheduled to commence on 13 March 2023

Both sides highlighted importance of COP28

Government seeks to grow private sector participation

Became the largest listing ever on the Abu Dhabi Securities Exchange

To develop more efficient gasoline engines and hybrid systems

New project launches and growth prospects buoy optimism

This represents increase of over AED54 bn compared to 2021

These gummies are efficient in boosting workout performance

In support of the country's climate change efforts

Emirate ranked fourth most active market in luxury residential segment

40 percent of the world's countries apply this

Buoyed investor confidence supports new projects

Customers with Careem credit to get complete refund by March 15

Investment will be funded by a combination of long-term debt and equity

UAE company now owns 14% of Vodafone Group

Lebanon’s financial system is over, Lebanese Minister says

The house of luxury is set to deliver its first EV

Detailed program of all the treatments, customized for each individual

Orbis Flying Eye Hospital trains local doctors and medical teams worldwide

The financial sector has a central role in helping to finance the green transition

Investments in technology, infrastructure, and human capital

Interest rate hikes among key drivers of growth

A near-term slowdown is very unlikely in city’s residential segment

Travel time between two countries cut to 47 minutes

Renewed impetus driven by heightened institutional support

Record number of green sukuk issuances from GCC in 2022

The company increases the offered shares from 4% to 5% of the capital

Except for Bahrain

Through EFG Hermes One

But a 10% surge in Qatar Insurance lifted the Qatari index

Retail offering ends Wednesday

To increase in GDP in partnership countries over $1.6 billion

Institutional support is buoying business confidence

Member states will collaborate to grow their respective industrial sectors

Sheikh Mohammed bin Rashid officially opens national freight train network

Due to disagreement over deal valuation

Challenges prevail one year into the conflict

with FAB and NBK among the lead arrangers

The UAE came out on top with $1.85 bn in investments

Yield dropped over 0.6 percentage points

Activity gathers pace to develop NEOM’s major regions

Amid growing Gulf hunger to diversify global portfolios

Over 1,000 firms established operations within ADGM in first six months of 2022

Moving to his first luxury home in Saudi

Egypt aims to raise $5 billion in sukuk issuances within 6 months

Regional countries drew 23 percent of BRI spending in 2022

In 2022, the Chamber welcomed 56,000 new companies as members

90% would purchase property in the Emirate after selling their existing one

To expand its EV fleet charging solutions business

Over the past five years

Riad Salameh's term ends end of July

Resulting in at least three fatalities and 294 injuries

No shortage of liquidity foreseen in the GCC

Capital values grow 12.4 percent, rents jump 22.9 percent

Cash dividends proposed, representing 50 percent of its capital

Earnings reports expected to remain the mainstay for most equity markets

Up 7.02 percent as compared to 2021

Oman collected over $949,000 for Türkiye and Syria quake victims

Investments in place to transform Riyadh into a global metropolis

New company launched to oversee project construction

Regulatory updates pave way for future freehold boom

Amid deepening financial crisis

Subscriptions to offer expected on February 23

Insights into GCC Sentiment Trends during 4Q2 2022 Earnings Cycle

UAE stepping up wheat cultivation to ensure food security

Show to achieve localization of 50% of expenditure on equipment

Amid high demand on ESG financing

Several new projects in the works to diversify Kingdom's economy

Market expected to grow at CAGR of 8 percent by 2028

To invest in tech startups

World needs USD1 trn annually to exert energy transition

OPEC sees the sector needing $500 bn investments annually

With second-half 2022 dividends announced at USD700 mn

Global ESG assets could exceed $50 trillion by 2025

Developers look to cash in as record deals soar

Qatar nearing final approval from UEFA

Dubai (+2.1%) stood as the top gainer

Optimism prevails nevertheless for long-term outlook

Amid country's plans to reduce government's economic footprint

The MEA E-Bike Market projected to reach $1.27 billion by 2027

A jet departed yesterday transporting 37 tons of medical kits

Infra and urban projects to drive growth

Addressing the challenges faced by employees and managers

Qatar Emir placed the club's valuation below the $6.39 bn asking price

Emmanuel Givanakis: “Climate Transition Funds pivotal for UAE”

Mehryar Ghazali: “Corporate banking on a slower pace of innovation”

Dubai expected to remain immune to interest hikes

To invest in 9 advanced technological areas, including fintech, cybersecurity

To assist those affected by Turkey's 7.8-magnitude earthquake

Underlining ability of UAE industries to compete on the global stage

Bonds comprise 3 tranches with tenors of 7, 12, and 30 years

Dubai is currently the hottest market in the world

Reaching unprecedented record levels

India's opposition organizes protests to pressure Modi's government

Market risks must be overcome for long-term benefits

As Q4 2022 earnings season continues to gather steam

76 killed in Turkey, 111 dead in Syria, hundreds wounded

Will the European ban on Russian diesel raise global fuel prices?

Abu Dhabi developer teams up with Dubai Holding

USD200 million in equity came from Chimera Abu Dhabi

With purchase of AED 1.3 Billion NPL Portfolio from ADCB

Or 12 percent

By streamlining middle-mile package delivery

Price cuts from Tesla, Chevrolet, and Hyundai

Awareness of ESG essential as ethical investment interest grows

He formerly governed SAMA from 2011 to 2016

Despite reassurances to panicking investors

Including cancer, blood, and immune disorders

New service ensures security of data using artificial intelligence

New property handovers in 2022 reached 35,560 properties

Powell: No decision yet on the Fed stopping raising interest rates

Russia: Current oil price level acceptable

Diversification in asset classes underway

Within the G20 Finance Track for 2023

38.4 million people living with HIV and 1.5 million new infections in 2021

Abu Dhabi giants exploring possibility of producing SAF in UAE

Al Dhafra cuts emissions equivalent to removing 470,000 cars

"We will purchase 1.4 bn cubic metres of gas annually for 10 years"

Inflation and urban demands among key influencers

The two countries just launched their own financial messaging system

Following the bourse's joining to the Tabadul platform

Investments also aim to add transport lines and distribution networks

"This should not come at the expense of economic growth"

Bids worth AED 6.85 billion were received

Expressed confidence in the Indian billionaire's business

Kremlin: Putin, Saudi crown prince, discussed oil market stability

UAE, Saudi to command 80% of the total spending

Providing yoy or qoq comparisons not enough to inspire investment

Manufacturing investments being incentivised

Fed meeting outcomes will play an important part in guiding markets

To increase digital empowerment in the healthcare industry

Fed expected to raise interest rates by 25 basis points

He employed 30 doctors to monitor every level of his health

How a healthy gut benefits CEOs, employees, and managers

And what does science have to say about this?

The majority of these projects are located in Saudi ($71.4 billion)

AirCarbon: First voluntary carbon trading and clearinghouse

Technology can detect early signs of illness

Agreements to be signed on Sunday

Messi lining up a $300 mn a year deal to join Saudi's Al Hilal

Latest research and its applications for business leaders

Real estate and sports tourism growth to buoy diversification plans

And to explore developing innovative technologies in real estate sector

Including 4 free-zone entities, two special-purpose acquisition firms

Company invested $500 million to develop international infrastructure

Macroeconomic improvements needed to drive recovery in 2023

Holiday homes, new stock, to sustain expansion of sector

To acquire a significant minority stake in a pharmaceutical firm

With Meta leading the pack in GCC

A 45 percent growth in five years

To help organizations detect, analyze critical events

Date aligns with that of the US Federal Reserve

As listings pick up pace in UAE

Regional infrastructure spending rises to meet need for urbanisation

Start-up TileGreen turns plastic waste into eco-friendly tiles

Investment Authority plans to raise over $1.3 billion

Jumping by 20.6 percent

As country gears up for COP28

Strengthens country’s status as world’s most popular destination

PSG was paid USD10 mn for the one-off

Greater focus on environmental sustainability could unlock conscious investors

70,000 charging points considered to be required in Abu Dhabi

Aspiration, a multibillion-dollar fintech company, announced UAE expansion

To promote the circular economy, growth of sustainable industries

Project activity holds steady even amid macroeconomic challenges

Major changes in the way we work and when we work

Mega schemes will accelerate Riyadh’s non-oil investor friendliness

Zero-emission Mirai Fuel Cell Electric Vehicle, Fuel Cell Forklift at energy Summit

A value of $12.3 billion, according to Brand Finance

In Q4 2022

The UAE was the most active country in the 2022 edition

122,658 real estate transactions recorded in Dubai in 2022

UHNWI demand could help Dubai property stock buck risks

In February 2023

New company aims to provide financial services to micro, small enterprises

To invest in global mining assets

Nargis-1 well located in offshore concession

Value of deals generated increased 20% from previous year

Funding will be used to fuel international expansion

Guidelines involve the use of digital ID systems

Messi could surpass Ronaldo as the highest-paid player in the world

From a record-breaking 97,398 deals

Contract between Saudi and WWE is valued at USD 1 bn

Following presidential directive

Phase one involves construction of two large commercial nuclear reactors

Involving all the 29,000 Prysmian employees across over 50 countires

Ushering a new level of sophisticated living

He stressed the need for the Central Bank to be free from political influence

As an anticipated ban of oil products from Russia takes effect

First non-GCC-incorporated business to list in Kingdom

First investment in Saudi in a state-of-the-art warehouse in Dammam

Possible buyout targets include Man United, Liverpool, or Spurs

Its biggest round of job write-offs ever

Will increase QatarEnergy's capacity to 14 mil mt/year

The unified metrics will be referred to as the GCC ESG Disclosure Metrics

This would reduce industry-wide emissions by 80 percent

Markets await US inflation data this week

UAE and Saudi have been massively investing in AMI systems

Price of luxury properties surged by 89 percent YoY in Q3 2022

Mubadala will hold 80% ownership in the AD Global Market-based entity

Projects include investments in clean power, carbon capture and storage

UAE bank's market capitalization is more than $51 billion

AFAQ is another step closer to unifying banking across the region

Following his signing for Al Nassr club

FOMC meets on 31 January

EGX targets 23 government entities

Imdaad to deploy a full range of hard services, soft services, security solutions

Main drivers of global growth are all slowing down simultaneously

One of the distinguished experts in the Kingdom’s banking sector

لإhe tender, the third of its kind, was set for 12 blocks

They top list of most improved markets globally for 2022

Reached a $825 million term loan facility

It sold its 30% stake in Luberef

Ban starts from February 1

Conversations focused on the transformation taking place in financial services

Central Bank: Loan-to-deposit ratio reached lowest level in 7 years

Focus on the circular carbon economy and carbon recycling

A 46% rise in sales transactions

Using laser-focused due diligence and real-time data analytics

About $8 billion in expected channel revenues in 2022

In Middle East and Africa

Numerous achievements throughout its digital enablement journey

If the deal goes through, the contract could be valued at $207 mn

Double-digit million dollar deal accelerates Blacklane’s growth in region

Saudi investor takes 10.5% stake in three DP World assets

"Inaccurate information almost always present in some forecasts,"

For the state's development sectors and the private sector

In 11 months

Prime residential ski property prices up 20%

Through acquisition

Also buoyed by US seeking to replenish strategic petroleum reserve

Mega plant to produce 1.2 million tons of green ammonia per year

Moscow: Unacceptable action and violation of market processes

Driving country's efforts to establish itself as a regional energy hub

The offerer is seeking between $7.3 to $8.5 bn

Instant gratification for both buyers and sellers

To facilitate real estate payments

Country to capitalize on opportunities for oil and gas exploration

Positive outcomes were achieved at all levels of the financial sector

To build 120MW solar project in South Africa

By South African Vodacom Group

Toward “Elevating impact”

Using their Binance wallet

A growth of 13% compared to 2021

Service providers can optimize traffic for specific use cases

Debts of Egypt, Lebanon, and Turkey saw significant increase in 2021

Interest rate hikes by 50 basis points

Trade exchange increased by 32.6% in 2021

Powell: It's important to continue the fight against inflation

The UAE President also toured the new, expanded facilities

Driven by higher oil and gas prices

He lost to Arnault whose fortune is now estimated at $171 bn

From AED 126.3 bn during Q3 of 2021

Project expected to produce 18,000 kilograms of green hydrogen per day

Its forecast for economic growth in 2023 left unchanged at 2.5%

High growth in Abu Dhabi's Reem Island is also forecasted

One month after the club is put up for sale by FSG

Dubai and Abu Dhabi have also seen an IPO boom

The drilling operations teams had been mobilized

The IPO on Saudi bourse Tadawul will be 50.045 mn shares

Speculation is very high

The development aims at producing 1 billion cubic feet of gas

"The previous five years saw major structural reforms"

Headline inflation report ahead of Fed meeting

New facility double’s the group’s food storage capacity

The company is the trusted name behind luxury properties

From 15 to 71 million up to the end of 2028

TAQA paid $1.02 bn for its 43% controlling stake in the clean energy venture

The listing of Empower is the fourth IPO on DFM since the beginning of this year

Emirati telecoms provider is Vodafone's largest shareholder

stc will sponsor the club during its visit to Saudi Arabia

In the UAE, the healthcare sector is among the fastest growing

Abu Dhabi ranks #1 globally for traffic fluidity

UAE’s e-commerce sector alone is estimated to be worth $9.2 billion in 2026

As proposed by CST

Arthur D. Little: Market to reach 4% of total banking income by 2026

For outstanding performance

Based on flexibility and sustainability

Fist ABu Dhabi Bank coordinated the transaction as a sustainability agent

To provide steel for the automotive sector

Diversification is a strategic move that can help us develop and expand

The bank has not yet received a formal proposal from any Saudi entity

EU ban on Russian crude oil imports comes into force

Investors had sealed preliminary agreements

Event will be held at ADNEC from 16-18 January

Digital banking has become a way of life for consumers

State of anticipation EU and G7 decisions

Markets welcome move

Despite the global economic slowdown and uncertainty worldwide

The contract is worth $207 million per year

Ahead of the country’s 51st National Day

For 5 decades, growing hand in hand with the nation

FIFA, soccer, and fans are big winners

Dubai is consistently the highest-ranked financial centre in MEASA

DEWA is studying a proposal for building a hydrogen fueling station in Dubai

2 out of 5 North African mega investments in 2022 went to Maghreb region

Deliveries will start in 2026

The first private sector IPO on the DFM since 2014

Fear of supply chain disruptions again

Construction industry responsible for almost 40% of global carbon emissions

New project to contribute SAR27 bn riyals annually to non-oil GDP

Plans to increase its production capacity to 5 million b/d by 2027

A bid to mitigate the devastating effects of climate change on the Delta

The first cargo is currently being shipped aboard the Pacific Sarah tanker

Plan seeks to preserve the nature of areas including Lahbab and Margham

Insurance companies are competing to remain relevant

To promote research and innovation

Exceeding target by 58 times

EU remains divided over Russia's oil price cap

To $108.7 PSF/annum currently

Amid the listing of its eighth ETF

"Azizi" plans to spend $15 bn on building projects

Wall Street is closing higher. The dollar continues to decline

Swiss bank sees deposit exits, expects $1.6 billion loss

Recovering back to a level last seen in Q3 2021

Peak 5G Speed of 2Gbps

Sale will likely have limited immediate effects on stc’s financial metrics

The first event to assess Paris Agreement commitments

ACCA reaffirmed its commitment to Certificates in Sustainable Finance

Plan will serve as a core driver to improve employee engagement

G7 expected to announce today ceiling level of Russian oil prices

Driven by rising business confidence

By unveiling a new cloud-based platform

Increasing by $1 bn over the previous World Cup edition

Oil revenues recorded about $52.7 bn

"Fund for loss and damage"and "rapid" reduction of emissions

As it expands globally

With Middle East leading the charge by pipeline growth

Talking with results is key

Project expected to start in 2023 and be completed by 2026

“The project sets global benchmarks in clean energy production”

Highlighting country's ability to attract private investment in strategic sectors

Budget widens for the second month in a row

Brazilian President is star of conference today

ETF market was supported by 11,400 trades

The company's market value will reach AED 13.3 bn

Deals amounted to 524

To finance, facilitate transition to clean energy

On robust property sales

To 2.5 million barrels per day

On high energy prices

The offering is set to raise as much as $1.8 bn

Leveling up 0.6%

US inflation report dominates the markets, instills hope

UAE also launched national net zero pathway by 2050

Kingdom to produce 9 million tons of phosphate fertilizers annually

Kingdom plans to submit soon ten new renewable energy projects

Shuaa Capital, GCICO were able to return to profitability

By raising capital and purchasing shares from main owners

This is the world's highest level of anxiety registered by far

Egypt consumes 20 million tons of wheat annually

Or 12 million shares

Company's 9-month profits are close to last year's full returns

Company's Q3 revenue surged by 9% to AED 445 mn

"The energy sector is the most vulnerable to cyber-attacks"

Expected to be reduced after reaching agreement with IMF

IPO proceeds will be used to fund the development of 4 new premium schools

Estimated reserves are not yet clear

By 2030

Train network will connect "Ain Sukhna, Alexandria, El Alamein, and Matrouh

6.7 billion riyals of the company's profits in 9 months

ADX’s derivatives market is region’s most liquid

The program's total investments amount to $14.7 bn

Madbouly: "Solidarity among all parties has become an unavoidable option"

Following discussions about acquiring stakes in Egyptian companies

Funding is set to be provided by private and public investors

The metaverse market for MENA telcos could reach $13 tn by 2030

Following the strong demand from retail investors

By connecting their bank accounts with their CoinMena wallets

Farm will save Egypt $5 bn in annual natural gas costs

On continued momentum in strategic direct and indirect acquisitions

The world still relies on fossil fuels for 83% of its energy

New project using Egyptian engineers and state-of-the-art technology

Assets of Ooredoo's Abraaj estimated to be worth between $3 and $5 bn

In line with Sultanate’s 2050 Net-Zero Carbon Vision

To fund expansion

Top leader quotes from the summit

AD Airports signs agreement to promote future of advanced air transport

Phased roll-out has begun with US flights from Abu Dhabi

Saudi and Egypt agree to cooperate in electricity and renewable energy

Kuwait also seeks to become carbon neutral in oil and gas sector by 2050

Organizations are rethinking conventional business processes, practices

Firms investing in environment for first time surged fivefold since 2021

Bin Zayed: "Cimate change threatens global security"

Driven by robust economic activity, higher interest rates

Arab Health to host second edition of the Future Health Summit in UAE

Investors expect interest rates to rise above 5% next year

And further eases mask rules

Egypt tops list of Arab countries using wind to produce electricity

British Prime Minister will demand from countries to keep their promises

Especially in high-pressure moments

Deals call for suppliers to manufacture 21 products in the UAE

Total value of such payments amounted to 3.2 billion dinars

The historical city in danger of drowning

The transition to renewables will 'take longer than expected'

"IIF: UAE is largest recipient of FDI in region

Methane is solely responsible for 30% of global warming.

to attract $150 mn of FDI

Creating world’s largest independent feeder carrier

Increasing by about $213 mn

In appreciation of its notable nationalization efforts

Up from a loss of SAR 27 mn in Q3 2021

New measures went into effect as of Nov. 1

In the past 5 years

Summit will cover a wide range of climate mitigation and adaptation topics

By selling 30% of its shares

Move will support the firm in its expansion plans across ME

After new order boost

OGCI has supported the development of multiple low-carbon hubs

Rishi Sunak reverses decision to skip climate talks

A 12.7 percent increase

Turkey remained the largest reported gold buyer in 2022

After strong investor demand and oversubscription

To produce 100 gigatonnes of clean energy by 2035

With additional exclusive benefits, savings for Prime members in the UAE

On higher oil revenues

Company will list its ordinary shares for trading on DFM

Bayanat is first company to list under the tech sector on ADX

The Federal Reserve's future policy has weighed heavily on the markets

"OPEC+ will continue to to work on balancing supply, demand"

Stella Stays putting rental power in the hands of its residents

Al Jaber: "The energy security is the foundation for economic and social progress"

Wheat prices rise after Russia withdraws from deal

Amid ramp up and execution of its growth strategy

Financial surplus totaled AED 125.5 bn

Fundraising allow investors to invest in exchange for equity/ownership

On strong sales

Qatari government acknowledged an "increased demand for housing"

Revenue up 4% and free cash flow up 3%

To refinance existing debts, general corporate purposes

Emirates NBD increased its Q3 net profit by 51% YoY

Driven by strong stock performance

One of the world's largest venture capital funds with a capital of $1.5 billion

Hochstein: "Both sides will lose if one of them violates the agreement"

Resilient performance supported by strong capital adequacy

There’s no substitute to global action against overwhelming weather

A total of 15 Saudi and regional entities took part in the auction

Projects planned or under implementation estimated at $2.65 trillion in June

TECOM Group saw a 70% increase in its Q3 profits

Funding directed to MENA-based tech investment firm STV

Driven by faster job creation, increased non-oil exports

Company's total global VLCC deal value hits AED 900 mn in 4 months

Forcing producers to pay to unload it

New platform will simplify the property ownership journey

Fund will hold 80% stake in 500-million-riyal company, 20% for Tadawul

"The world is experiencing the first truly global energy crisis"

Egypt has abundant production of long-staple cotton varieties

And an oversubscription by 5.0x

Fund will be used to acquire sizeable positions in mid-market firms

Offer valued at more than SAR 21 bn

Shell claims 9.3% of shares in the NFS expansion project

UAE is Egypt's second-largest regional trading partner

Investors concerned major economies will stagnate before inflation is curbed

Company became one of the world's largest district cooling service provider

Egypt's central bank is redesigning its currency trading system

Hamburg is hoping to become a hydrogen hub

Saudi, China agree to strengthen energy cooperation

The emirate saw the world’s biggest climb in prime property prices in 2021

Growth driven by a 7.3% increase in mining and quarrying activity

Driven by new listings, increased investors, and trading uptick

More than fourfold jump

Fitch: Lebanon not to receive significant revenues before start of production

Investments climbed by AED 16.6 bn in first 8 months

17% less than the value recorded during same period in 2021

Investment is set to be operational in early 2024

In contrast to the relatively low global average of only 5.5 out of 10

Price guidance set at 105 basis points over Treasuries for the Sukuk

More than 50% of Dubai’s total traded volume

"The pace of the Egyptian pound's decline has already begun"

"The issue is going to be replenishing the reserves, or storage, for next year"

Shares surged 14%

As part of the country’s Vision 2030 plans

Average residential prices in Q3 grew by 9% year-on-year in Dubai

Given their access to cost-efficient renewables

"OPEC+'s recent decision was taken unanimously, based on a vote"

A healthy set of teeth is arguably one of the most versatile tools we own

Will Netflix's results today rescue tech stocks from a recession?

Average price of prime properties increased by 11.29%

The EMEA PC market decreased 26.4% YoY

On their digital journey

But no formal approach has been made as of yet

The JV will sell, build and maintain marine vessels across the globe

To create a global aviation giant

Is the metaverse, the next frictionless frontier for Mastercard customers

Company will acquire 20% stake in GLI when financial completion achieved

"Oil price volatility means that no investments are being made"

Sales included 373 villas and apartments

SMEs account for more than 95% of all businesses in the country

Supermarket chain plans to list next year

In tandem with the rise in global oil prices

stc into fintech, IoT, AI, data, connectivity, 5G, e-gaming and all what matters

WETEX, Dubai Solar, anchor UAE’s image as green tech leader

With the participation of dozen global ministers

Foreign Ministry: "Statements are not based on facts"

As economy slows

But prices are climbing

Global e-bike sales could reach $40 to $120 bn by 2030

We are in the midst of a planetary emergency

Sudan's gold sales revenues at $1.315 bln during that period

Pressures on GCC's chemical companies are similar to rest of the world

Fed expects to raise interest rates by another 125 basis points this year

Dividend will be paid to the Company’s eligible shareholders in October 2022

Amos Hochstein's efforts could lead to a historic agreement

IP Accelerator connects SMB owners with a curated network of local law firms

Giving it a market value of more than AED 12.44 bn

In recognition of city's efforts in creating sustainable, happy community

Firm held initial meetings with investors to raise interest

To boost ADNOC's offshore operations

Stock futures include Borouge, AD Ports

Dubai beats UK, MENA in terms of internet download speed

Where wellness takers center stage

Project valued at 1 billion Egyptian pounds

EU prepares to approve Russia's oil price cap

GCC generates between 105 and 130 million tons of waste per annum

White House: U.S. needs to be less dependent on OPEC+

Italian producers are finding a strong market in the UAE

With a 10,000-car annual manufacturing capacity

Bank lately acquired 97% of Bahrain's Ahli United Bank shares

Musk agreed to pay price he initially offered before trying to quit deal

Oversubscribed offering totaled $8.7 bn

Bloomberg expects production cuts of up to two million barrels per day

Despite increasing climate impacts, climate optimism grew to 48%

Final agreement may happen in coming days

"Global spare capacity to raise oil production is very low"

Egypt already getting clean energy ready

By Financial Times’ FDI Magazine

To grow its utilities portfolio

US dollar achieved its best weekly and monthly performance since April

Project will create new investment opportunities in key sectors

A billion-dollar investment

Sale expected to close in Q4 '22

B.TECH expects to increase its sales to EGP15 bn in 2023

Process will take between one and two years

Reports suggest coalition will reduce output by more than one million barrels

Offering will correspond to a 29.24% of the company's shares on Tadawul

Credit Suisse tries reassuring investors as financial fears rise

has a market capitalization of AED 1.96 billion

DAMAC Properties targets monthly online-only sales of $150 mn by mid-2023

Project linka 2 ADNOC-owned offshore facilities to Abu Dhabi's onshore grid

10-year contract to deliver collection, transportation, and cleaning services

Company raised $1 bn in IPO

Exports are significantly higher than they were last year

The exhibition will explore the latest laboratory technology and innovation

"Event showcases UAE’s achievements in renewable, clean energy sector"

Including an investment of $3 bn to set up railway linking Oman to UAE

Company aims to expand its digital portfolio

Prices have fallen sharply this month by about 30 percent

CBE decided lately to keep key interest rates unchanged

Medical tourism industry generated AED 12.1 bn in 2018

Prices of food, groceries to drop by 20%

By mid 2024

Ether rose 4 percent to a one-week high of $1,389

Mask rules dropped in most public places

First tranche of the offerings to be announced within four weeks

108 international agreements signed valued at $22 bn for gas excavation

Country is restructuring its oil and gas sector

Investors worried about interest and inflation are affected by growing fears of a recession

Germany seeks to diversify energy sources amid reduced supply of Russian gas

French energy firm will have a 9.3% stake in North Field South gas project

The first privately owned company to go public in the UAE

Exchange operations continued during closure

Manufacturers must navigate soaring costs, supply chain issues

Project to reduce carbon footprint of ADNOC’s offshore operations by 30%

But more realism about the scale of the challenge is need to properly address it

More start-ups, institutional investors choosing to reside in region

Turkish lira fell to a record low of 18.42 per dollar

Driven by high oil prices, high interest rates, and new projects

By another half a point

Offering more than 49 times oversubscribed

New land masses, tourism, to spur further economic revival

Abolition of minimum contribution of UAE, GCC nationals also passed

Merchandise exports rose by 58.8% year on year

CBUAE also looking at improving consumer protection framework in the country

Oman implemented VAT in April 2021

As part of the country's efforts to diversify oil imports way from Russia

The 7A will ensure more efficient use of spectrum

“Even if the conflict in Ukraine stopped today, the crisis would not end”

The qualified investor subscription period will expire tomorrow

Short-term bond yields continue to rise with anticipation of the Fed's decision

Region's passenger traffic anticipated to increase by 4 percent yearly

Deal joins a series of other successful transactions

By selling existing shares, issuing new ones

Council also discussed enhancing current gas cylinders to advanced ones

It’s world’s largest investment forum dedicated to frontier emerging markets

As inflation bites

Al-Suhaimi held for 20 years senior leadership financial positions in Saudi

IHC didn't disclose a value for the acquisition

Decision will have no effect on local plastic bag factories

Distinct opportunities for GCC banks as they progress along the maturity curve

Nothing available for consumers to buy in stores

Total sales amounted to AED 2.78 bn

A net-zero carbon community that will accommodate up to 100,000 people

Two parties scheduled to square off in court on Oct. 17

By ringing Nasdaq Dubai's bell

Overall market softening heightened transactional volume of M&As

The UAE reaffirms its position as a global healthcare hub

Bank said it would focus initially on SMEs

Total purchase valued at AED 514 mn

Saudi, Libya lead the output increase

Real estate rental market sees demand outstripping supply

Up from previous target of 23.5%

Company amended Articles of Association to remove ownership cap

But half will not meet targeted revenue expectations

After the offering, Dubai government will retain 80% of the company

"Saudi priorities include localizing steel products of all types"

Initiative to also focus on forging partnerships with manufacturers from private sector

As part of the AED 9 bn T-Bonds issuance program for 2022

Saudi driving structural changes in the sector

Consumer-electronics purchase behavior constantly changing

On Ukraine gains, rate hike forecasts

Total number of active in-production licenses was 866 in June

Biden to hit China with broader curbs on U.S. chip and tool exports

Existing, under-construction factories in Saudi reached 10,685 in July

UAE's EV market is estimated to grow at a CAGR of 30%

Project expected to contribute SAR 11 bn to the country’s GDP

Agricultural crop production increased to 4.77 mn tons

Freight charges rose by 1000%

To supply fuel required to generate electricity at the Hassyan power complex

Cumulative credit balance amounted to AED 718.1 bn in June

Transaction attracted $1.9 bn in orders from regional, international investors

Reaching a level last seen in August 1998

Gains were notable in the realty, banking, and telecom sectors

Up to 19.31 pounds

Economic stagnation is not a condition for decline in oil demand

As part of the recently launched Investcorp Saudi Pre-IPO Growth Fund LP

Initiative has seen 46 fountains installed across the emirate since launch

"We are committed to carry out vision programs, broaden economic base"

The Qatar Central Bank was the largest buyer

To face the energy crisis

As part of its preparations for COP 27

Truss plan costs £130 bn for 18 months

To boost digital ambitions

To clean up corporate defaults

Russia’s response to capping oil prices is more shipping to Asia

Oil prices jumped more than 3 percent after the decision

Labor market data indicators raised expectations with a hardline FED approach

A buyer market means getting good deals

It fell 0.70 percent to $0.9884

On interest income growth

The Dubai government will retain 80% following IPO

To promote digital transformation in the real-estate sector

Wall Street Journal: Russia opposes plans to cut production

Investments of banks in UAE rise by 4.3% on annual basis

Truss favorite to lead Conservative Party, run Downing Street, come Monday

It is the most expensive hospitality box in the competition

About 35 countries are experiencing a major food crisis

Scientists zooming in on specific proteins that help old minds stay young

20% for households, 50% for the industrial sector

Value of Arab stock exchanges rise to $4.49 tln

Saudi leads the way with 70.4% growth

The new pricing includes 5% value added tax

Basic materials sector recorded highest growth rate in total profits

Production to start in Q1 2026 in Mesaieed Industrial City

Musk also seeks to launch Starship to orbit

Goldman Sachs expects 75 basis points rise in interest rates

Oil demand demand faces great uncertainty

UAE leading market for VC

Largest capital increase for listed company in Saudi stock market

Announced contracts are largest of their kind in oil and gas

Through iPay mobile payment system

Demands to provide dollars to ensure tea imports

stc: "Today, we have reached 70% Saudisation rate"

Main catalyst for oil price improvement is Saudi Oil Minister’s comment

Gazprom will "completely" suspend its gas deliveries to France's Engie

Manufacturing, distribution to be hit hardest and costing $4.2 trn

Greater choices to serve end users from data centers in the UAE

The service is the first of its kind in the UAE

Concern about a global economic slowdown

Restaurant-to-home delivery industry will be a $500 bln market globally