Sector
Tech ecosystem created more than 900 jobs
Exclusives
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
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
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
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."
Signature Bank closed by regulators
Integrated solutions through 16 submarine cables and 25 data centers
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
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
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
Through EFG Hermes One
But a 10% surge in Qatar Insurance lifted the Qatari index
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
Riad Salameh's term ends end of July
Resulting in at least three fatalities and 294 injuries
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
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
Qatar nearing final approval from UEFA
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
India's opposition organizes protests to pressure Modi's government
Market risks must be overcome for long-term benefits
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
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
He employed 30 doctors to monitor every level of his health
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
A 45 percent growth in five years
To help organizations detect, analyze critical events
Date aligns with that of the US Federal Reserve
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
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
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
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
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
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
Prime residential ski property prices up 20%
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
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
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
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
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
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
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
Arthur D. Little: Market to reach 4% of total banking income by 2026
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
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
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
EU remains divided over Russia's oil price cap
"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
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
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
The company's market value will reach AED 13.3 bn
To finance, facilitate transition to clean energy
To 2.5 million barrels per day
On high energy prices
The offering is set to raise as much as $1.8 bn
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
Company's 9-month profits are close to last year's full returns
"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
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
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
Egypt tops list of Arab countries using wind to produce electricity
British Prime Minister will demand from countries to keep their promises
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.
Creating world’s largest independent feeder carrier
Up from a loss of SAR 27 mn in Q3 2021
New measures went into effect as of Nov. 1
Summit will cover a wide range of climate mitigation and adaptation topics
Move will support the firm in its expansion plans across ME
OGCI has supported the development of multiple low-carbon hubs
Rishi Sunak reverses decision to skip climate talks
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
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
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
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
But no formal approach has been made as of yet
The JV will sell, build and maintain marine vessels across the globe
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
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"
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
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
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
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
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
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
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
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
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
Gains were notable in the realty, banking, and telecom sectors
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
As part of its preparations for COP 27
Truss plan costs £130 bn for 18 months
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
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
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