Saudi ACWA Power seals deal for 10GW wind project in Egypt
Saudi ACWA Power Company has signed a memorandum of understanding (MoU) with the Egyptian New and Renewable Energy Authority and…
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Dubai office rents likely to rise in ‘double digits’ over next 12 months
The cost of leasing offices in Dubai is expected to rise significantly over the next several months due to supply…
Central banks are stocking up on gold as demand reaches pre-pandemic levels
Global demand for gold has returned to pre-pandemic levels, driven by stronger central bank buying and demand from consumers, and…
e& reports consolidated net profit of $680mln for Q3 2022, up 1.9%
e& (formerly known as Etisalat Group) has announced its financial results for Q3 2022, reporting consolidated revenues of AED 13.0…
Dubai's share of clean energy at 12.8% of total installed capacity: DEWA
Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), announced that the entity has added…
Bahrain attracts $72.7m worth of investment in financial services
The Bahrain Economic Development Board (Bahrain EDB), supported by Team Bahrain has attracted $72.7m (BHD27.5m) in direct investments during the…
Saudi Aramco makes second highest profit on surging oil prices
Saudi Aramco reported its second-highest earnings as a listed company, as it continued to benefit from this year’s surge in…
Saudi National Bank makes a financial investment in Credit Suisse Group as part of Credit Suisse Group's capital raise
Saudi National Bank has announced on October 26, 2022, that it was entering into a financial investment in Credit Suisse…
Mashreq partners with FinIQ
Mashreq Bank has signed a strategic agreement with FinIQ, the Singapore-based capital markets technology provider, to streamline its Wealth Management…
World Bank expects UAE's real GDP to grow by 5.9% in 2022
The World Bank has hailed the UAE's "favourable business environment and world-class infrastructure", expecting the country's real GDP to grow…
Dubai retains its position as world’s top FDI destination in H1-22
Dubai consolidated its status as the world’s leading foreign direct investment hub, retaining its first rank globally for attracting FDI…
Dubai records over $1.04bln in realty transactions on Monday
Dubai real estate market recorded 625 sales transactions worth AED1.67 billion, in addition to 101 mortgage deals of AED276.37 million,…