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MENA
L’Oréal Middle East, AstroLabs launch TechQuest challenge, fueling beauty tech advancements in the region
Out of 535 homegrown startups identified, 14 were shortlisted to innovate next-gen beauty tech for L'Oréal Middle East
Egypt
Egypt’s exports to Arab nations up 8.7 percent in 2023, reaching $13.6 billion
Saudi Arabia topped the list of Arab countries importing the most from Egypt during the year
Real Estate
UAE construction sector flourishes despite global challenges, holds $590 billion project pipeline: Report
$3.9 trillion is the estimated pipeline value of unawarded construction projects in MENA from 2024-28
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
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