MENA hospitality market to surpass $487 billion by 2032
The Middle East and North Africa’s hospitality is set to grow to more by than $487 billion (£365 billion) by...
Julian Amani, Business correspondent
Amazon launches “15-minute” delivery service in UAE
Amazon has launched its delivery service Amazon Now across the UAE, according to an announcement on Amazon's website published on...
Saudi asset manager announces $1.6 billion real estate fund
Leading Saudi asset manager, Riyad Capital, has announced a collaboration with the Saudi Railway Company to launch a $1.6 billion...
Abu Dhabi’s IHC acquires stake in Pakistan’s women bank
Abu Dhabi’s IHC (International Holding Company) has acquired a majority stake in Pakistan's state-owned First Women Bank Limited (FWBL), reports...
Emirates Driving Company acquires 22.5% stake in Mwasalat
Abu Dhabi-based Multiply Group, which is an investment holding company, announced on October 20th that its subsidiary, Emirates Driving Company...
UAE data centre market to be worth over $3.3 billion by 2030
The UAE’s data centre market is predicted to surpass a value of $3.3 billion (£2.5 billion) by 2030 due to...
AI-powered waste monitoring pilot set to launch in Abu Dhabi
Abu Dhabi’s Tajmee’e, Tadweer Group’s waste collection subsidiary, has collaborated with the global infrastructure intelligence company EchoTwinAI in a bid...
Egypt to drill 480 oil wells in $5.7 billion plan
Egypt has announced plans to drill 480 exploratory oil wells over the next 5 years, based on investments worth $5.7...
Swiss bank UBS opens advisory office in Abu Dhabi
The Swiss bank UBS has opened a new advisory office in Abu Dhabi’s financial centre, Abu Dhabi Global Market (ADGM),...
Egypt increases domestic fuel prices
Egypt increased prices on various fuel products, the second increase this year, Reuters reported on October 17th citing Egypt's official...
“AI is a new oil” says UAE cyber chief
Artificial Intelligence is “a new oil” for the UAE according to its head of Cybersecurity Mohamed Al Kuwaiti, the World...
Abu Dhabi-based global investment company announces merger
Abu Dhabi's IHC (International Holding Company) has announced plans to merge three of its companies into a single investment valued...
Saudi Arabia and India hold talks over petrochemicals
A bilateral meeting was held between Saudi Arabia and India in a bid to boost cooperation in the chemicals and...
Alibaba’s Cloud launches second data centre in Dubai
Chinese e-commerce company Alibaba’s cloud business launched its second data centre in Dubai on October 14, reports Reuters. In a...
Saudi Aramco CEO says it can sustain 12 million bpd
Saudi Aramco can maintain crude oil production at 12 million barrels per day (bpd) for a year without incurring additional...
