FeaturedOil & GasFujairah Oil Terminal secures $280 mn from Prostar CapitalWebAdminAugust 18, 2021August 18, 2021 by WebAdminAugust 18, 2021August 18, 2021 The latest funds will replace the existing senior debt along with creating a connection terminal to the Very Large Crude Carrier (VLCC)... Read more
EnergyFeaturedACWA Power announces financial close for one of the largest solar plants in the worldWebAdminAugust 16, 2021 by WebAdminAugust 16, 2021 The 500-megawatt Sudair Solar plant is located in the Sudair Industrial City... Read more
FeaturedPorts and ShippingOman’s largest port handles 2.1 mn containers during H1 2021WebAdminAugust 9, 2021 by WebAdminAugust 9, 2021 The Port of Salalah also handled 8.8 mn general cargo goods during the same period... Read more
FeaturedTechnologySaudi Arabia-based AI startup Intelmatix raises funds from STV, Sultan HoldingsWebAdminAugust 4, 2021 by WebAdminAugust 4, 2021 The financial details of the round were not disclosed... Read more
FeaturedReal EstateSaudi Arabia’s real estate price index rises by 0.4% in Q2 2021WebAdminAugust 2, 2021 by WebAdminAugust 2, 2021 The Kingdom also records a 0.8% increase in the residential real estate prices... Read more
FeaturedTechnologyCybersecurity firm Cybereason buys Israel-based Empow for an undisclosed feeWebAdminJuly 23, 2021 by WebAdminJuly 23, 2021 Cybereason will integrate the acquired technology into Cybereason’s XDR portfolio of cybersecurity offerings... Read more
EconomyFeaturedUAE-Bahrain trade leaps 75% to reach $672 mn in Q2 2021WebAdminJuly 19, 2021 by WebAdminJuly 19, 2021 The trade between the GCC and Bahrain reached a total value of $1.69 bn in Q2 2021... Read more
FeaturedPorts and ShippingOman’s port of Duqm seeks operator for new container terminalWebAdminJuly 16, 2021 by WebAdminJuly 16, 2021 An international tender has been launched to grant a 30-year licence... Read more
FeaturedIslamic BankingBoubyan Bank launches mobile-only Islamic bank in the UKWebAdminJuly 15, 2021 by WebAdminJuly 15, 2021 Nomo provides a mobile-first banking experience for the affluent, tech-savvy customers... Read more
BankingFeaturedAl Maryah Community Bank launches digital app after CBUAE approvalWebAdminJuly 8, 2021 by WebAdminJuly 8, 2021 The bank will now help its customers create savings and current accounts, and also help contribute to the digital banking revolution... Read more