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Banking & Finance
Abu Dhabi’s TAQA posts $571.7 million net income in Q1 2024
The group revenues reached $3.7 billion, marking a 5.3 percent increase compared to the previous year
Energy
UAE, Mauritius to deepen cooperation in water, energy, sanitation
Areas of collaboration included renewable energy, hydrogen, liquefied natural gas
Hospitality & Tourism
IHG thrives in the Middle East’s booming travel and tourism market
Leading hospitality brand to open 70 hotels in the region in the next few years
Hospitality & Tourism
Hilton accelerates growth in the Middle East
New openings to bolster its position as a leading hospitality brand in the region
Hospitality & Tourism
Four Seasons’ people and culture of service are drivers of hospitality group’s success
Innovative offers – from jet to yacht experience – continue to excite guests from around the world
Egypt
China’s Xinxing Ductile to invest $400 million in Egypt within 5 years
In April, SCZONE laid the foundation stone of the Xinxing Ductile Iron Pipes Corporation’s factory
Saudi Arabia
Saudi Arabia, Mauritania to cooperate in electricity, renewable energy, and clean hydrogen
The deal aims to enhance electricity system reliability through knowledge exchange and partnership
Sustainability
UAE to add 6.34 GW power capacity from 12 green projects by 2030: Energy Industries Council
These projects showcase UAE's commitment to energy sustainability, reducing fossil fuel reliance
Saudi Arabia
Saudi Arabia’s ICT spending to reach $37.5 billion in 2024
According to experts, the Kingdom is the region's fastest-growing IT market
Economy
ADQ forms framework agreement worth up to $500 million investment in Kenya’s priority sectors
Kenya has the largest economy in East Africa and is projected to grow at 5-6 percent in 2024
Economy
Russian businesses eye UAE’s market for global development, expansion
Russia sees the UAE market as a promising hub for conducting trade with Middle Eastern and African countries
Logistics
UAE’s AD Ports secures 20-year agreement to operate, upgrade Angola’s Luanda terminal
AD Ports Group acquires 90 percent stake in joint venture to serve the broader logistics market in Angola
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