The investment follows the US Federal Reserve’s first interest rate cut in four years, which is expected to boost companies with balance sheet concerns
The contract was signed under the existing long-term agreement with oil giant Saudi Aramco
Egypt has been seeking large-scale investments as it tries to overcome a long-running economic crisis that led to record inflation
Catering primarily to the UAE’s large expatriate population, the SNPL feature offers financial flexibility, allowing users to send money abroad and pay in installments
The deal will help PJT Partners expand its presence in the Middle East, giving it access to a diverse client base
The GCC’s non-energy sectors, including tourism, trade, and finance, are pivotal in driving this growth, with expectations of a 4.2 per cent expansion in 2024 and 4.4 per cent in 2025
The deal seeks to unlock greater value for both parties and boost Abu Dhabi’s global appeal
Starting from January next year, at least one seat must be allocated for women after the end of term of the current boards
The Gulf region’s oil and gas exporters tend to follow the Fed’s lead on rate moves as most regional currencies are pegged to the US dollar
Trade finance solutions will enable businesses to move their goods faster and improve their working capital while enabling the flow of trade
According to PwC, the non-oil growth outturn for 2024 is encouraging at 4 per cent in UAE, 3.7 per cent in Saudi, 3.8 per cent in Oman and 4.7 per cent in Kuwait
The two countries agreed last year to cooperate on technology and climate change, including investments in the chip and battery sectors
The infrastructure investments will be chiefly in the US and the remainder in its partner countries
Although barriers to entry are lower, the challenges of scaling a business have increased significantly
AI predictive models can help analyse historical data on the start and end dates of previous projects in order to create realistic timelines for future projects
The deal is valued between $963.25m and $1.06bn (BHD363m and 398m), and the proceeds will help SABIC grow in the chemicals industry
The Surface Pro 11 sets a new standard for versatility and performance in the hybrid-tablet/laptop market
OCI is now offering the largest AI supercomputer on the cloud, which will deliver up to 131,072 NVIDIA GPUs and enable customers to build, train and inference AI at scale
The project will include the construction of a 9.5-kilometre gravity-driven wastewater pipeline and the decommissioning of several pumping stations
On a quarter-on-quarter basis, liquid assets rose by 2 per cent, or Dhs14.9bn, compared to Dhs786.6bn at the end of Q1 2023
Dubai is the only Arab city among the top 20 listed in the 2024 International Shipping Centre Development Index
Intel’s director of CCG Enterprise & Government Solutions, and EMEA & GCC country manager at Intel, shares views on AI’s impact on the region and Intel’s contributions to it through its IDM 2.0 strategy
The campaign showcases the UAE’s strengths, such as its tax-free business environment, and strong government backing for entrepreneurship
The first centre will develop and advance best practices and industry standards for the responsible use of AI in the Middle East and the Global South
Etihad’s operating fleet rose to 95 from 79 in the same period last year
From Egypt’s serene beaches to Switzerland’s snow-capped peaks, Orascom’s success lies in its ability to create spaces where people can truly live well
The service is designed to connect passengers with a range of vehicles through the Yango mobile app, which offers real-time geolocation to facilitate faster ride bookings
Saudi Arabia’s markets regulator approved AlBilad Investment Company’s request to offer “Albilad CSOP MSCI Hong Kong China Equity ETF
The trade pact will remove tariffs on about 99 per cent of Australian products, resulting in savings of $91m (AUD135m) in the first year
The rail operator will transport aggregates from Trojan’s quarries in Ras Al Khaimah and Fujairah to the Industrial City of Abu Dhabi and Dubai Industrial City