investment

Abu Dhabi’s Masdar signs $3.43 billion deal to acquire Greece’s Terna Energy

Offer values Terna Energy's total equity at 2.4 billion euros with an enterprise value of 3.2 billion euros

Dubai’s real estate: A magnet for global wealth

Near constant investments in infrastructure and connectivity have provided a robust foundation for economic growth and high living standards

UAE’s ADDED partners with Broaden Energy to establish $272.2 million hydrogen manufacturing hub in Abu Dhabi

The new investment will create new job opportunities and stimulate economic development through innovative industrial solutions

QatarEnergy enters 10-year naphtha supply agreement with India’s Haldia Petrochemicals

Agreement commencing in Q2 2024 will be facilitated through QatarEnergy's HPL Global Pte Ltd

U.S. pledges $130 million to support Egypt’s development efforts

This partnership will contribute to stimulating Egypt’s private sector participation in diverse projects

ADNOC awards $5.5 billion contract for Ruwais LNG plant

Project to more than double ADNOC’s existing UAE LNG production capacity to around 15mmtpa

MENA IT spending to grow 5.2 percent in 2024 to $193.7 billion: Report

Spending on data center systems to decline by 0.3 percent in 2024

Egypt reports $17.23 billion primary budget surplus, reaching 5.87 percent of GDP from July 2023 to May 2024

This represents a significant increase compared to the previous fiscal year, when the surplus was only $2.43 billion

Alef Education begins trading on ADX after successful $514 million IPO

Alef Education's market capitalization reached $2.56 billion at the time of listing

Apple shares rise 7.26 percent to record high following AI features release

Apple's market capitalization reached $3.18 trillion, making it world's second most valuable company again

Inflation in Egypt predicted to drop by 10 percent by end of June 2025: Report

The report cited the recent floating of the pound exchange rate and an enhanced IMF agreement

ADNOC Drilling, Alpha Dhabi joint venture raises stake in Gordon Tech for $270 million

Acquisition follows Gordon Technologies' completion of setting up its Abu Dhabi business