investment

Nasdaq Dubai welcomes three Indonesian Sukuk listings worth $2.35 billion

Total value of debt listed on Nasdaq Dubai reached $134.1 billion with Sukuk making up $93.89 billion

Sheikh Khaled witnesses signing ceremony for international partners joining ADNOC’s Ruwais LNG project

His Highness met with heads of global energy companies to discuss the future of the sector

Saudi Aramco exercises greenshoe option, raises $12.35 billion from share sale

By exercising the greenshoe option, Aramco raised an additional $1 billion from the listing

Dubai to get world’s largest fruit and vegetable trade logistics hub

Witnessed by Sheikh Maktoum, the agreement was signed between Dubai Municipality and DP World

Qatar real estate sector sees 285 deals worth $304.1 million in June 2024

A recent report projected the country's real estate sector to reach QAR155.7 billion by 2028

Saudi Arabia attracts $412 million in venture capital funding in H1 2024: Report

Kingdom accounts for 54 percent of the region's VC investments, a significant increase from its 38 percent share in 2023

Egypt’s economic reforms boost remittances: 26.6 percent monthly rise to $2.7 billion in May 2024

The remittances in May 2023 amounted to around $1.6 billion, as reported by CBE

E-commerce in Saudi Arabia sees 17.47 percent surge with 40,697 new records in Q2 2024

Riyadh topped the regions in Saudi Arabia for issuing e-commerce records, with 16,535 commercial records

Dubai Chambers, VFS Global to accelerate global expansion of local companies, boost trade development

The deal facilitates global expansion of Dubai firms by reducing entry barriers and enabling quicker access to opportunities

Saudi Aramco starts issuing U.S. dollar-denominated bonds

Aramco's bond issuance began on July 9 and will end on July 17

Mohammed Bin Rashid Library to host first Dubai International Library Conference 2024 from 15-17 November 2024

Discussions will include the preservation and restoration of archives, AI, intellectual property, copyright laws

World’s largest EV producer BYD to build $1 billion factory in Türkiye

BYD's Türkiye factory is expected to begin production by the end of 2026 and create 5,000 direct jobs

UAE-based startups lead MENA region in funding in June, securing $82.5 million across 15 deals

MENA startups raised $116 million in June 2024, bringing H1 total to $882 million

Oman’s Q1 2024 GDP rises to $27.15 billion driven by non-oil sector growth

This growth was driven by a surge in non-oil activities, which recorded a value of OMR7.18 billion

Dubai Customs harnesses blockchain to usher in an era of efficient and transparent trade

New platform launched to strengthen collaboration between government entities and logistics industries

China’s foreign exchange reserves reach $3.22 trillion by end of June 2024

The amount shrank by 0.3 percent compared to the previous month

Crypto theft loss doubles to $1.38 billion in first half of 2024: Report

Five incidents accounted for 70 percent of the total amount stolen so far this year

Dubai sees 190 prime property deals over $10 million in H1 2024 as supply drops: Report

The emirate's prime residential markets face a 47 percent supply shortage, with only 2,851 properties available

DEWA’s IPWP model attracts $11.87 billion investment over 10 years

Key projects include the Mohammed bin Rashid Al Maktoum Solar Park, which aims for 5,000MW by 2030 at AED50 billion

UAE’s ADNOC, JBIC sign $3 billion green financing agreement

The credit facility is part of JBIC's GREEN lending program and is partially supported by Japanese commercial banks

Kuwait projects $61.7 billion budget revenues over next four years

Kuwait needs economic reforms for fiscal sustainability and diversifying non-oil revenues, says Minister

Saudi Arabia issues 121,521 business registrations in Q2 2024, up 78 percent year-over-year

E-commerce saw a 17.47 percent yearly increase, reaching 40,697 registrations

14 Saudi sports clubs slated for privatization in latest push to modernize industry

The first batch of clubs includes Al-Zulfi, Al-Nahda, Al-Okhdood, Al-Ansar, Al-Orouba, and Al-Kholood

China’s service trade soars to $415.6 billion in first five months of 2024, posting 16 percent growth

Exports amounted to approximately 1.22 trillion yuan, up 11 percent, while imports stood at 1.8 trillion yuan