EconomyFeaturedIFC invests $10.4 bn in the private sector of MENAWebAdminAugust 25, 2021 by WebAdminAugust 25, 2021 The funds will help thousands of small businesses gain access to finances, trading, and partnership... Read more
FeaturedReal EstateDubai records 283 sales transactions worth Dh580.54 mn in a single dayWebAdminAugust 19, 2021 by WebAdminAugust 19, 2021 The massive sale consisted of 194 units, 31 buildings, and 58 land plots and the mortgages included 20 units, 5 buildings and 23 land plots... Read more
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