02/14/2023
Oman's Abraj Energy to raise up to $244mln in IPO; Saudi PIF among anchor investors
State energy company OQ will sell 49% in drilling unit
Alternative Investments
02/13/2023
UAE provides loans, development aid worth $69.48bln in 10 years
Around 148 countries benefitted from the Emirates' aid initiatives in the past 10 years
02/13/2023
RAK Properties reports AED408mln revenues for 2022
Delivers 473 residential units
02/13/2023
Boursa Kuwait increases its net profit by 13.3% to reach KD 18mln for 2022
Total operating revenue came in at KD 35.2 million, an increase of 12.8%, while operating profit came in at KD 22.6, an increase of 22%
02/10/2023
Abu Dhabi-based Aldar records net profit of Dhs3.1bn in 2022
Aldar’s group revenue in 2022 rose to Dhs11.2 billion, up 31 per cent year on year
02/09/2023
Egypt unveils list of 32 state-owned companies to be floated by March 2024
The Arab African International Bank, Banque du Caire, and The United Bank of Egypt are the three banks on the government’s list.
02/09/2023
Bahrain's Investcorp acquires logistics facility in UK for $28mln
The alternative investment manager recently acquired a warehouse facility in Saudi Arabia
02/09/2023
Saudi Kingdom Holding leads $133mln funding round for delivery app Nana
Nana is looking to increase its market share in the region
02/08/2023
$1.65bln in transfers done through the company during 2022: Egypt's IBAG
The company said that with such growth, along with its future plans, remittances via IBAG are expected to reach a value of $3.5bln in 2025
02/07/2023
LEAP23 announces investments of over $9bn to support future technology and startups
The event is running at Riyadh Front Exhibition & Conference Centre from today until February 9
02/07/2023
Top businesses to start in the UAE in 2023
The UAE offers a variety of business opportunities, both on and offline, for entrepreneurs looking to start new ventures in 2023
02/07/2023
UAE foreign trade hits Dh2.2 trillion in 2022
Sheikh Mohammed bin Rashid chairs Cabinet meeting
02/06/2023
Middle East M&A activity surges as wealth funds use deals to build local champions
Bain & Company says combined sovereign wealth funds and corporations represented 84% of deals in 2022
02/06/2023
Investcorp to make strategic investment in DevOps Leader Eficode to boost global expansion
Eficode grew its revenues from €22 million to over €150 million in the last 4 years, and now serves over 1,400 customers
02/03/2023
Doing business in the UAE: foreign investment
With some exceptions, a foreign entity will be required to establish an entity in the UAE if they wish to carry on business.
02/03/2023
Growth in UAE’s non-oil private sector falls to 12-month low
But overall business conditions remain strong
02/03/2023
ADNOC, 23 companies ink deals for local manufacturing opportunities worth Dhs17bn
Domestic manufacturing of these products will support the ‘Make it in the Emirates’ initiative, stimulate industrial growth and create more jobs for UAE Nationals
02/02/2023
Abu Dhabi Borouge's Q4 net profit drops 17%
The polyolefin company says committed to at least $1.3bln dividend for 2023
02/02/2023
Saudi-Oman Investment Forum sees 13 MoUs signed as trade ties deepen
The agreements signed at the forum underscore the long-standing partnership between Saudi Arabia and Oman, which has accelerated in recent years with several high-level engagements.
02/02/2023
Saudi Arabia issues first license at OXAGON to NEOM Green Hydrogen
It is part of the Kingdom’s efforts to catalyze the global hydrogen economy by becoming the world’s leading hydrogen producer while maintaining its position as a key player in the energy sector.