investment

Saudi Arabia’s PIF signs $15 billion revolving credit facility with 23 international financial institutions

The facility has a duration of three years and is extendable for up to two additional years

IMF eases some conditions on Egypt’s $8 billion finance package

Egypt's economic growth to increase to around 5.5 percent as structural reforms to strengthen the business climate pay off

Dubai Chamber of Commerce launches ESG Label to promote sustainable business practices

The label helps organizations assess their ESG preparedness and maturity, earn recognition, and drive business growth

Nakheel awards $220.54 million contract for marine works at Palm Jebel Ali to Jan De Nul Dredging

Jan De Nul Dredging is expected complete the entire scope of marine works at Palm Jebel Ali in just over two years

Abu Dhabi’s Mubadala partners with CBC Group to fully acquire UCB Pharma’s China mature business

Acquisition includes UCB’s neurology portfolio and allergy portfolio in Mainland China, in addition to UCB’s Zhuhai manufacturing site

Tourism surge, evolving preferences raise demand for short-term rentals in Dubai by 30 percent

Business Bay, Arjan, Jumeirah Village Circle, Downtown Dubai, Palm Jumeirah and DAMAC Hills are particularly popular for short-term stays

World’s second largest 2,492-carat diamond unearthed in new mining discovery

Lucara recovered the diamond using its "Mega Diamond Recovery X-Ray Transmission" technology

Egypt outlines strategy to restore, increase oil and gas output to pre-pandemic levels by 2025 with foreign partners

The country is reviving ambitions to become regional LNG hub after clearing petroleum sector arrears

UAE’s AD Ports Group embraces digitalization, big data to optimize smart operations

The Group's experts address industry challenges like software interoperability, cybersecurity, and change resistance

UAE’s Masdar to launch 4GW solar energy station in Egypt

Masdar's investments in Egypt's renewable energy sector fall in line with the country's National Strategy for Climate Change 2050

Dubai Business Forum – China: Dubai Chambers, CCPIT Beijing partner to bolster trade relations, bilateral ties

Agreement supports CCPIT Beijing’s member companies in establishing and expanding their investments in Dubai

Dubai Business Forum – China: Dubai-based Emirati companies invested $1.4 billion in China in last 8 years

The number of active Chinese companies within the Dubai Chamber of Commerce reached around 5,400 at the end of H1 2024

Bahrain’s $92.89 million T-bill issuance sees 254 percent oversubscription

The bills carry an issue date of August 25, and are scheduled to mature on February 23, 2025

du, etisalat by e& partner with Nakheel to provide fixed telecom services for key Dubai projects

The partnership will deliver cutting-edge telecom services to Dubai's citizens, residents, and visitors.

Falling interest rates drive 87 percent of GCC investors to eye U.K. in 2024: Survey

73 percent of Saudi investors have considered investing in U.K. property and 75 percent are eyeing Birmingham or Manchester

Abu Dhabi’s Mubadala expands data center assets portfolio with Yondr Group investment

Global cumulative data center demand is expected to grow at an 11 percent CAGR by 2032

Qatar’s economy to double by 2031 fueled by LNG boom, diversification: Report

Qatar's gas production will stay steady for 140 years before a major boom

Kuwaiti banks turn to M&A amidst strong fundamentals: Report

The paper noted that banks in Kuwait have strong capital and liquidity despite growth constraints

Growing Saudi-China ties to facilitate renminbi-based oil trade between the two countries, says S&P

China's trade with the Middle East has more than tripled over the last 20 years, a key factor in the potential for broader use of the renminbi by Gulf states

Abu Dhabi Chamber sees 23.8 percent year-on-year growth in certificates of origin

This growth underscores the chamber's efforts to boost trade opportunities and enhance the UAE's international trade footprint

Qatar Airways acquires 25 percent stake in Airlink, expanding African reach

Qatar Airways will expand its reach to 45 destinations across 15 African countries