Saudi Arabia’s MBC Group sets price range for IPO, seeks to raise $222m
Saudi media giant MBC Group (MBC) has started taking investor orders for its initial public offering (IPO) as one of the Middle East’s biggest broadcaster seeks to raise as much […]
Etihad Rail: Abu Dhabi announces new passenger train service
Etihad Rail and ADNOC have inked a strategic MoU to establish a passenger train service between Abu Dhabi City and Al Dhannah region. The agreement was signed at ADNOC Headquarters […]
Etihad Airways to fly A380 on popular Abu Dhabi to New York route from April 2024
Etihad Airways announced that it will begin flying its double-decker, the Airbus A380 from Abu Dhabi to New York JFK for the summer of 2024. The A380 will operate on […]
Saudi Arabia’s PIF secures $5bn loan covered by K-SURE
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), secured a $5bn syndicated loan from a group of nine banks in a deal that involves the Korean export credit […]
COP28: UAE leads 118 countries-pledge to triple world’s clean power
Governments launched new initiatives on Saturday to bolster clean energy and to wean themselves off fossil fuels at the U.N. climate summit in Dubai, where countries are grappling with how […]
UAE President Sheikh Mohamed unveils $30bn climate fund
The UAE’s President Sheikh Mohamed bin Zayed Al Nahyan has announced the establishment of a $30bn climate fund for global climate solutions, according to the state news agency, Emirates News Agency. […]
UAE, India hail green credit initiative at COP28
UAE President HH Sheikh Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi yesterday (December 1) witnessed the launch of the Green Credit Initiative at the UN Climate […]
Accor focuses on strategic partnerships at Riyadh conference
Accor, a leading hospitality group, held in Riyadh its annual ‘Accor General Manager Conference’ for its premium, midscale and economy division. Accor, with over 240 operating hotels and 68 projects […]
Saudi Arabia, Italy discuss investments in automotive, mining, oil
Italy is discussing joint investments with Saudi Arabia in the automotive, mining, oil & gas, defence, hydrogen and space sectors, Industry Minister Adolfo Urso said on Monday. Since taking office […]
Mideast Stocks: Major Gulf markets track oil prices lower
Major stock markets in the Gulf fell in early trade on Monday, tracking oil prices lower. Oil prices – a catalyst for the Gulf’s financial markets – slipped, with Brent […]
