Nigeria: foreign reserves reach seven-year high
Nigeria’s foreign reserves have risen to $46.7 billion, the highest level since 2018, reports Nairametrics on November 18th. Governor of...
Julian Amani, Business correspondent
Construction of Morocco’s $1 billion Dakhla port half complete
Morocco’s $1 billion Dakhla port project in the Western Saharan region is almost midway through construction, according to its Minister...
UAE’s Viola Communications partners with digital consultancy
Abu Dhabi-based Viola Communications, a subsidiary of Multiply Group, has announced a strategic partnership through a Memorandum of Understanding (MoU)...
Dubai announces 2033 sport economy target
Chairman of Dubai Sports Council (DSC), Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, has announced the launch of the...
Saudi Arabia, Iraq, Kuwait to raise oil supplies to IndiaÂ
Saudi Arabia, Iraq and Kuwait will increase crude oil supplies to India in December as Indian refiners are looking for...
Abu Dhabi’s NMDC Energy partners with US company
Abu-Dhabi based NMDC Energy, a provider of engineering, procurement and construction (EPC) services for offshore and onshore energy clients, has...
Abu Dhabi investment company approve merger plans
Abu Dhabi based investment holding company Multiply Group has announced its shareholders have approved plans to acquire 2PointZero and Ghitha...
Qatar wealth fund to launch $2.5 billion private equity fund
Qatar’s sovereign wealth fund, Qatar Investment Authority (QIA), is partnering with Japan’s Orix to start a $2.5 billion (£1.9 billion)...
Rolls-Royce to supply backup power to Kuwait airport
Rolls-Royce was awarded a contract to supply seven mtu backup-power generators for Kuwait International Airport's energy infrastructure, according to an...
Abu Dhabi drilling company expands further into Oman and Kuwait
Abu Dhabi-based ADNOC Drilling announced plans to buy an 80 per cent stake in regional drilling and oilfield services provider...
Microsoft to invest over $15 billion in UAE by 2029
Microsoft is set to bring its total investment in the UAE to over $15 billion (ÂŁ11.5 billion) by the end...
World’s biggest rooftop solar plant will be built in Bahrain
Dubai-based sustainable energy developer Yellow Door Energy and the investment company Foulath Holding have announced plans for a 123 Megawatt-peak...
Oilfield firm gets gas contract from Saudi Aramco
The National Energy Services Reunited Corp (NESR), a US-listed oilfield services company based in the Mena region, has been given...
QatarEnergy acquires offshore stake in EgyptÂ
QatarEnergy has finalised its acquisition of a 40 per cent stake in the North Rafah exploration block, offshore Egypt, according...
UAE’s Multiply Group to target high growth sectors
Abu Dhabi investment company Multiply Group aims to target sectors that will provide double-digit growth, according to its chief executive,...
