EU and EBRD join forces to boost Tunisia’s Pharma industry

The EBRD and the EU are joining forces to support the growth of a dynamic privately-owned…

Abraaj founder Arif Naqvi still in jail, $20m bail not paid

Arif Naqvi, the Abraaj Group founder caught up in a US fraud probe, is still being…

Dubai Expo 2020 to deliver $33bn boost to UAE economy

Expo 2020 Dubai will boost the UAE economy by AED122.6 bn ($33.4 bn) and support 905,200…

Saudi Arabia’s PIF said to seek bridge loan of up to $8bn

Saudi Arabia’s sovereign wealth fund has started preliminary talks with banks to raise a loan expected…

Latin America is a top trading partner to the Gulf economy

  Trade flows between GCC countries and Latin America and the Caribbean (LAC) reached $16.3bn in…

Saudi Aramco buys $69bn stake in Sabic in record Middle East deal

Saudi state oil giant Aramco announced on March 27 that it is buying a majority stake in…

MENA spending on IT forecast to hit $160bn in 2019

“In 2019, businesses in MENA are set to increase their IT spending in all segments except…

Dubai residents and tourists can buy Bitcoin through an ATM

Buyers need present no documentation other than cash to buy bitcoin instantly. Customers will need need…

UAE’s port operator DP World posts 10% rise in profits to $1.29bn in 2018 amid China-US trade war

DP World, the Dubai-based ports operator, reported on March 14 a 10.2% jump in its net…

Kuwait is planning to create a Kuwait-China Silk Road Fund

Kuwait is planning to create a $10bn fund with China to invest in the two countries,…