VIDEO: The rising profile of India's Adani Group in the Middle East

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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

Dubai plans 55km metro link connecting two international airports

Dubai plans 55km metro link connecting two international airports

Dubai plans 55km metro link connecting two international airports

Qatar invites bids for major power grid expansion

Qatar invites bids for major power grid expansion

Qatar invites bids for major power grid expansion

Saudi property prices fall by 1.6% in Q1 2026

Saudi property prices fall by 1.6% in Q1 2026

Saudi property prices fall by 1.6% in Q1 2026

Abdullah Kamel says 22 logistics challenges resolved as Saudi trade flows remain smooth

Abdullah Kamel says 22 logistics challenges resolved as Saudi trade flows remain smooth

Abdullah Kamel says 22 logistics challenges resolved as Saudi trade flows remain smooth

RENEWABLE ENERGY

Egypt targets 45% renewable energy share by 2028: Madbouly

Egypt targets 45% renewable energy share by 2028: Madbouly

Egypt targets 45% renewable energy share by 2028: Madbouly

Copper in limbo as traders await Iran war, Fed signals

Copper in limbo as traders await Iran war, Fed signals

Copper in limbo as traders await Iran war, Fed signals

Saudi Arabia February crude exports up, output highest since 2022, JODI says

Saudi Arabia February crude exports up, output highest since 2022, JODI says

Saudi Arabia February crude exports up, output highest since 2022, JODI says

AVIATION

Muscat Airport sees a drop in international passengers in March

Muscat Airport sees a drop in international passengers in March

Muscat Airport sees a drop in international passengers in March

Qatar moves to restore full air links

Qatar moves to restore full air links

Qatar moves to restore full air links

Ethiopian Airlines buying six more Boeing 787-9 airplanes

Ethiopian Airlines buying six more Boeing 787-9 airplanes

Ethiopian Airlines buying six more Boeing 787-9 airplanes

Flyadeal launches record Hajj flying programme

Flyadeal launches record Hajj flying programme

Flyadeal launches record Hajj flying programme

BANKING & INSURANCE

Ecobank in yuan‑settlement talks with Bank of China amid Africa trade shift

Ecobank in yuan‑settlement talks with Bank of China amid Africa trade shift

Ecobank in yuan‑settlement talks with Bank of China amid Africa trade shift

FINANCIAL SERVICES

DIFC to become world’s first AI Native financial centre

DIFC to become world’s first AI Native financial centre

DIFC to become world’s first AI Native financial centre

Nigeria: CBN urges banks to unlock $1bln monthly diaspora inflows by year end

Nigeria: CBN urges banks to unlock $1bln monthly diaspora inflows by year end

Nigeria: CBN urges banks to unlock $1bln monthly diaspora inflows by year end

COMMODITIES

Nigeria's Dangote taps Honeywell to expand plastics and detergent petrochems

Nigeria's Dangote taps Honeywell to expand plastics and detergent petrochems

Nigeria's Dangote taps Honeywell to expand plastics and detergent petrochems

Iraq approves $4.6bn Basra–Haditha oil pipeline bid process

Iraq approves $4.6bn Basra–Haditha oil pipeline bid process

Iraq approves $4.6bn Basra–Haditha oil pipeline bid process

Morocco expects cereals harvest of 9mln tons in 2026, minister says

Morocco expects cereals harvest of 9mln tons in 2026, minister says

Morocco expects cereals harvest of 9mln tons in 2026, minister says

Gold slips as dollar firms, investors focus on US-Iran talks

Gold slips as dollar firms, investors focus on US-Iran talks

Gold slips as dollar firms, investors focus on US-Iran talks

CURRENCIES

US dollar edges higher as Iran ceasefire deadline approaches

US dollar edges higher as Iran ceasefire deadline approaches

US dollar edges higher as Iran ceasefire deadline approaches

Dollar subdued as markets eye ceasefire talks; yen pressured by BOJ delay

Dollar subdued as markets eye ceasefire talks; yen pressured by BOJ delay

Dollar subdued as markets eye ceasefire talks; yen pressured by BOJ delay

US dollar drops as traders remain optimistic on Iran peace breakthrough

US dollar drops as traders remain optimistic on Iran peace breakthrough

US dollar drops as traders remain optimistic on Iran peace breakthrough

Nigeria: Naira gains weekly despite slight Friday slip as reserves dip, oil prices fall

Nigeria: Naira gains weekly despite slight Friday slip as reserves dip, oil prices fall

Nigeria: Naira gains weekly despite slight Friday slip as reserves dip, oil prices fall

DIGITAL ASSETS

Goldman Sachs files for its first bitcoin ETF product

Goldman Sachs files for its first bitcoin ETF product

Goldman Sachs files for its first bitcoin ETF product

Kulipa raises $6.2mln to scale stablecoin payments and card issuing infrastructure for global fintech platforms

Coinbase gets conditional US approval for trust charter

FX payments startup OpenFX raises $94mln amid cross-border stablecoin push

Tokenisation startup Midas raises $50mln in early-stage funding round

Tokenisation startup Midas raises $50mln in early-stage funding round

Tokenisation startup Midas raises $50mln in early-stage funding round

Crypto for a home? Coinbase brings token-backed down payments to housing market

Crypto for a home? Coinbase brings token-backed down payments to housing market

Crypto for a home? Coinbase brings token-backed down payments to housing market

ENERGY

New laws and financing options energise South Africa's solar market

War in Iran is causing biggest energy crisis in history, IEA says

Kuwait declares force majeure on oil shipments amid Hormuz blockade, Bloomberg News reports

Kuwait declares force majeure on oil shipments amid Hormuz blockade, Bloomberg News reports

Kuwait declares force majeure on oil shipments amid Hormuz blockade, Bloomberg News reports

FINTECH

Capital.com reports $1.27trln in client trading volume

Capital.com reports $1.27trln in client trading volume

Capital.com reports $1.27trln in client trading volume

GRANITE: Bridging Egypt’s "CashTech" gap through digitally-native Money Market Accounts

$GRANITE: Bridging Egypt’s \"CashTech\" gap through digitally-native Money Market Accounts$

$GRANITE: Bridging Egypt’s \"CashTech\" gap through digitally-native Money Market Accounts$

DWTC Free Zone partners with Wio Bank to provide digital banking solutions for businesses

DWTC Free Zone partners with Wio Bank to provide digital banking solutions for businesses

DWTC Free Zone partners with Wio Bank to provide digital banking solutions for businesses

Careem Pay expands remittances to Saudi Arabia, Türkiye

Careem Pay expands remittances to Saudi Arabia, Türkiye

Careem Pay expands remittances to Saudi Arabia, Türkiye

HEALTHCARE

Arada starts handover of 138 homes at Sharjah mega community

Arada starts handover of 138 homes at Sharjah mega community

Arada starts handover of 138 homes at Sharjah mega community

Congo health teams on mission to save children from deadly measles outbreak

Congo health teams on mission to save children from deadly measles outbreak

Congo health teams on mission to save children from deadly measles outbreak

ARTIFICIAL INTELLIGENCE

South Africa: AI Diagnostics lands $5.1mln to roll out AI-powered TB screening tool

South Africa: AI Diagnostics lands $5.1mln to roll out AI-powered TB screening tool

South Africa: AI Diagnostics lands $5.1mln to roll out AI-powered TB screening tool

Japan, Zimbabwe, and UN Agencies unite to strengthen Zimbabwe’s health systems

Egypt: Cleopatra Hospital’s OGM nods for 2025 cash dividends

Invest Oman reshapes investment promotion landscape

INVESTMENT

Oman: OIA launches Furas platform; spends $3.7bln across local supply chains

Oman: OIA launches Furas platform; spends $3.7bln across local supply chains

Oman: OIA launches Furas platform; spends $3.7bln across local supply chains

Egypt, APA Corporation review Western Desert operations, investment incentives

Stake in deal to boost liquidity in UAE property investments

Saudi Venture Capital invests in Growth Catalyst Fund

Oman: OETC attains investment-grade rating from Fitch

Oman: OETC attains investment-grade rating from Fitch

Oman: OETC attains investment-grade rating from Fitch

Abu Dhabi-listed Investcorp Capital invests $200mln in US residential real estate

Abu Dhabi-listed Investcorp Capital invests $200mln in US residential real estate

Abu Dhabi-listed Investcorp Capital invests $200mln in US residential real estate

M&A

Oman: Asyad Group acquires Ligentia logistics provider

Oman: Asyad Group acquires Ligentia logistics provider

Oman: Asyad Group acquires Ligentia logistics provider

EGA to acquire majority stake in Italian aluminium recycling firm Eco Green

EGA to acquire majority stake in Italian aluminium recycling firm Eco Green

EGA to acquire majority stake in Italian aluminium recycling firm Eco Green

Aldar, Mubadala JV acquires The Link at Masdar City, valued at $178mln

Aldar, Mubadala JV acquires The Link at Masdar City, valued at $178mln

Aldar, Mubadala JV acquires The Link at Masdar City, valued at $178mln

REAL ESTATE

Majority of Dubai homes scheduled for delivery this year already sold

Majority of Dubai homes scheduled for delivery this year already sold

Majority of Dubai homes scheduled for delivery this year already sold

Saudi-Egyptian JV unveils $1.35bln mixed-use development in Cairo

Forum spotlights development of Qatar’s real estate brokerage market

Qatar: Shura Council reviews real estate brokerage law amendment

HD Bank’s real estate arm secures $28.9mln financing from MIDBANK

HD Bank’s real estate arm secures $28.9mln financing from MIDBANK

HD Bank’s real estate arm secures $28.9mln financing from MIDBANK

Cheval makes branded residences debut with new Dubai Islands project

Cheval makes branded residences debut with new Dubai Islands project

Cheval makes branded residences debut with new Dubai Islands project

RETAIL & CONSUMER

Strong demand drives Dubai's retail, warehouse growth in 2025, says report

Strong demand drives Dubai's retail, warehouse growth in 2025, says report

Strong demand drives Dubai's retail, warehouse growth in 2025, says report

KNPC receives up to $89mln bids for 10 fuel stations in Al-Mutlaa

Saudi's SAMA: E-payments account for 85% of total retail payments in 2025

Navigating global retail trends for local success in 2026

Navigating global retail trends for local success in 2026

Navigating global retail trends for local success in 2026

SOVEREIGN WEALTH FUNDS

Qatar’s QIA invests in Plata’s Series C funding round

Qatar’s QIA invests in Plata’s Series C funding round

Qatar’s QIA invests in Plata’s Series C funding round

Saudi PIF assets surge six-fold to $900bln

Saudi PIF assets surge six-fold to $900bln

Saudi PIF assets surge six-fold to $900bln

Saudi's PIF contributes one-third of non-oil GDP growth, amounting to $242.66bln: Governor

Saudi's PIF contributes one-third of non-oil GDP growth, amounting to $242.66bln: Governor

Saudi's PIF contributes one-third of non-oil GDP growth, amounting to $242.66bln: Governor

Saudi to focus $925bln fund on domestic economy under new 5-year plan

Saudi to focus $925bln fund on domestic economy under new 5-year plan

Saudi to focus $925bln fund on domestic economy under new 5-year plan

TECHNOLOGY & TELECOM

French tech giant Valeo inaugurates R&D center in Egypt

French tech giant Valeo inaugurates R&D center in Egypt

French tech giant Valeo inaugurates R&D center in Egypt

Newsmaker: Apple's new CEO is a product perfectionist taking on the AI age

Newsmaker: Apple's new CEO is a product perfectionist taking on the AI age

Newsmaker: Apple's new CEO is a product perfectionist taking on the AI age

Sultan bin Ahmed witnesses signing agreement of SCTA, Syska Group

Sultan bin Ahmed witnesses signing agreement of SCTA, Syska Group

Sultan bin Ahmed witnesses signing agreement of SCTA, Syska Group

Cisco launches sovereign critical infrastructure portfolio across EMEA

Cisco launches sovereign critical infrastructure portfolio across EMEA

Cisco launches sovereign critical infrastructure portfolio across EMEA

TRANSPORT & LOGISTICS

Multimodal corridors gain ground as supply chains reconfigure: DP World

Multimodal corridors gain ground as supply chains reconfigure: DP World

Multimodal corridors gain ground as supply chains reconfigure: DP World

EMX, EMPALA agree to deploy electric bikes for delivery operations

EMX, EMPALA agree to deploy electric bikes for delivery operations

EMX, EMPALA agree to deploy electric bikes for delivery operations

Aqaba railway project to boost Jordan’s role as regional hub

Aqaba railway project to boost Jordan’s role as regional hub

Aqaba railway project to boost Jordan’s role as regional hub

TRAVEL & TOURISM

TRAVEL AND TOURISM

Africa's hotel pipeline grows 18.6% amid surging tourism demand

Africa's hotel pipeline grows 18.6% amid surging tourism demand

Africa's hotel pipeline grows 18.6% amid surging tourism demand

Aroya Cruises to resume voyages from Jeddah in May amid rising demand for marine tourism

Aroya Cruises to resume voyages from Jeddah in May amid rising demand for marine tourism

Aroya Cruises to resume voyages from Jeddah in May amid rising demand for marine tourism

Mövenpick Bur Dubai launches new stay experiences

Mövenpick Bur Dubai launches new stay experiences

Mövenpick Bur Dubai launches new stay experiences

AlUla breaks ground on new 250-key Marriott property

AlUla breaks ground on new 250-key Marriott property

AlUla breaks ground on new 250-key Marriott property