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BUSINESS
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VIDEO: The rising profil...
Videos
BUSINESS
May 20, 2022
VIDEO: The rising profile of India's Adani Group in the Middle East
The market capitalization of the Adani Group is estimated to be $215 billion
REAL ESTATE
Umm Al Qura-led consortium signs framework deals for $1.6bln Makkah redevelopment
WEALTH MANAGEMENT
French group Varenne Capital opens new office in DIFC
HOSPITALITY
Radisson ramps up Saudi expansion, eyes 100 properties by 2030
PETROCHEMICALS
Fertiliser shipments begin exiting through Hormuz strait
OIL
Iraq seeks quota review as OPEC restores output allocations
REAL ESTATE
Aldar records $185.2mln in sales from all units at The Orchids in Yas Acres
MEDIA
Ahmed bin Mohammed approves launch of business media platform
AVIATION
AIRLINES
Muscat-Abu Dhabi service of Oman Air starts on July 9
AVIATION
Qatar: Five more airlines to resume operations at Hamad International Airport in July
AVIATION
India's Adani Airports to invest over $2bln in developing airport cities
AIRLINES
Air India Express opens new Gulf gateway for Northeast India
BANKING & INSURANCE
CHINA (PRC)
AFRICA
China approves Standard Bank, ICBC for Africa yuan clearing
FINANCIAL SERVICES
China's central bank urges banks to boost lending as demand remains weak, sources say
FINANCIAL SERVICES
Abu Dhabi Islamic to provide digital home financing for Emiratis
COMMODITIES
OIL
Middlemen offer Iranian oil to Indian refiners after US waiver, sources say
GOLD
Gold heads for fourth weekly drop as traders reassess Fed rate outlook
POWER
Fossil fuels still dominate in Africa’s electricity future
GOLD
Ghana to buy 30% of large miners' gold output from July 1
CURRENCIES
FOREX
Resilient dollar slips, markets still wary of yen intervention risk
CURRENCIES
Dollar rides into second half of 2026 on a 'winner takes it all' wave
CURRENCIES
African currencies expected to be steady or under mild pressure
FOREX
Dollar skims 13-month highs as investors bank on rate hikes
DIGITAL ASSETS
CRYPTOCURRENCY
Binance vows to stay in Europe despite licence setback
CRYPTOCURRENCY
Oman: National platform to regulate crypto mining operations
CRYPTOCURRENCY
Italian fintech Conio secures EU licence for crypto services
CRYPTOCURRENCY
Binance set to lose permission to operate in EU, sources say
CRYPTOCURRENCY
Stablecoins gain in Nigeria for cross-border transfers, IMF says
CRYPTOCURRENCY
Zimbabwe moves to regulate cryptocurrency sector
ENERGY
ENERGY
UTILITIES
Global utilities unite to tackle grid supply chain challenges
ENERGY
Oman: Nafath named implementing contractor for community solar plant
ENERGY
Korra Energi backs Gulf of Suez transmission project via KFH’s credit facility
FINTECH
FINTECH
Erada Finance, Axis Pay partner to enable loan disbursements via Egypt’s e-wallet network
FINTECH
ALTON backs Central Bank of Nigeria on local data hosting rule for banks, fintechs
FINTECH
Al Ahly Pharos advises on MNT-Halan funding round, lifting valuation to $1.4bln
FINTECH
Egyptian Supply Ministry, Fawry discuss expanding digital payments, automation initiatives
HEALTHCARE
INVESTMENT
'Afaq' strategy unveils RO 92 million projects
EGYPT
Egypt inks 8 cooperation deals with AFD, EU, French firms in health, education, green industry
PHARMACEUTICAL
Abu Dhabi Health, MSD explore regional healthcare logistics hub
HEALTHCARE
UNICEF, Gavi call to speed Bundibugyo Ebola vaccine access
HEALTHTECH
Masdar City opens 'Biosphere' labs in Collaboration with M42, Attentive Science
FOOD
Foot and Mouth Disease has changed South Africa's red meat industry
INVESTMENT
INVESTMENT
Diageo’s exit shines light on investment hurdles in Africa
INVESTMENT
Dubai Holding weighs stake in data centre builder Hscale – report
INVESTMENT
Inspire Oman, new initiative to boost investment scenario launched
SME
Oman: Cable car project offers promising investment opportunities for SMEs
INVESTMENT
Elsewedy Electric launches 3 industrial projects with $200mln combined investments
INVESTMENT
SCZONE hosts Nanjing delegation to discuss new Chinese industrial investments
M&A
ACQUISITION
VIDEO: Mubadala Capital makes $1bln bid for leisure operator Pierre & Vacances
ACQUISITION
Inospace doubles down on Johannesburg with Charron Works acquisition
ACQUISITION
Saudi PIF seeks EU subsidy approval for $55bln EA deal, decision by July 30
REAL ESTATE
REAL ESTATE
Qatar: Real estate trading exceeds $163.7mln in one week
REAL ESTATE
Marriott Executive Apartments opens premium mixed-use project in JLT
REAL ESTATE
Saudi Properties starts accepting foreign real estate ownership applications
REAL ESTATE
Nakheel releases next phase of Palm Central Private Residences
REAL ESTATE
Fäm sells prime Business Bay office space for over $33mln
REAL ESTATE
Cabinet approves Executive Regulation of Law of Real Estate Ownership by non-Saudis
RETAIL & CONSUMER
RETAIL
Luxury market shows early signs of recovery in Q2 despite Middle East war, Bain says
RETAIL
LuLu Group’s over $137mln Qatar investment underway, says Yusufali
RETAIL
South Africa's retail sector records modest growth as furniture and household goods drive sales
RETAIL
South African retail sales rise 1.3% year on year in April
SOVEREIGN WEALTH FUNDS
INVESTMENT
Omani wealth fund joins $255mln private credit financing for Vietnam's Vinpearl
IPO
Qatar sovereign wealth fund to invest $75mln in Doncasters ahead of NYSE debut
INVESTMENT
Wealth funds eye investment in South Korea’s defence firm MNC Solution
FUNDS
PIF chief: International investments to continue as new strategy brings world to Saudi Arabia
TECHNOLOGY & TELECOM
TECHNOLOGY
KERNO Enterprises opens first IT hardware manufacturing facility in Dubai Silicon Oasis
TECHNOLOGY
Final design phase of OmanSat-1 nears completion
TECHNOLOGY
Egypt, France sign agreements to establish 2 applied technology schools
TECHNOLOGY
Origin Technology wraps up 2026 regional summit in Cairo
TRANSPORT & LOGISTICS
TRANSPORT
Oman issues updated guidelines for ships transiting Strait of Hormuz
TRANSPORT
Oman, Iran discuss cooperation on Strait of Hormuz navigation
LOGISTICS
Qatar: New Hamad Port project boosts food supply chain efficiency
TRAVEL & TOURISM
TRAVEL
UAE visa on arrival programme covers six more countries
TRAVEL
Saudi Arabia launches Electronic Travel Authorization for British visitors
AIRLINES
Oman Air to launch daily Muscat-Abu Dhabi flights
TOURISM
Saudi Tourism Ministry showcases growth at FHS Saudi Arabia 2026
MORE ON BUSINESS
ARTIFICIAL INTELLIGENCE
ECOMMERCE
Driven by AI, customers now rival criminals for ecommerce fraud, say merchants
HEALTHCARE
DoH, Arbor Biotechnologies partner to advance gene-editing therapies for rare, genetic diseases
HEALTHCARE
Abu Dhabi's DoH, Boehringer Ingelheim partner to advance research into genetic drivers of diseases
CYBERSECURITY
AWS, CrowdStrike support UAE drive to build cybersecurity startups
OIL
Oil set for hefty weekly losses as tankers exit Strait of Hormuz
PRECIOUS METALS
Gold poised for fourth weekly loss on hawkish Fed bets
LOGISTICS
DHL brings AI-powered item identification system to global shipping
LOGISTICS
UAE: AKI Logistics partners with NMC to deliver end-to-end logistics solutions
TRANSPORT
Etihad Rail passenger service attracts strong early interest as customers book their first journeys
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