Adnoc signs $1.2bn deal with South Korean firm to build world’s largest oil storage facility

Abu Dhabi National Oil Company (Adnoc) on February 27 signed a Dh4.4bn($1.2bn) deal with South Korea…

E-commerce venture Noon expands operations to Egypt

Noon, the e-commerce venture operating in the UAE and Saudi Arabia, announced its expansion into Egypt…

DMCC Coffee Centre opens in Dubai

DMCC,(Dubai Multi Commodities Centre), the world’s flagship free zone on commodities trade and enterprise, inaugurated the…

Oman 2019 is Oman’s year of tourism

Oman’s economy is set to accelerate in 2019, with experts, surveys, and GDP growth forecasts all…

Kuwaiti bank signs Ripple deal to speed up payments

Al Ahli Bank of Kuwait (ABK) has announced its partnership with financial technology firm Ripple to…

Abu Dhabi National Oil Company (ADNOC) awards $1.36bn contract to build artificial islands

Abu Dhabi National Oil Company (ADNOC) announced the award of a dredging, land reclamation and marine…

Abu Dhabi establishes investment office to increase FDI under $13.6bn plan

Abu Dhabi establishes investment office to increase FDI under $13.6bn plan Abu Dhabi has formalised the…

IMF board approves $2bn loan instalment for Egypt

IMF board approves $2bn loan instalment for Egypt Latest instalment brings the total paid to Cairo…

UAE sees fall in off-plan real estate sales

Off-plan real estate sales in Dubai’s residential property market dropped by 30 per cent year-on-year in…

Saudi Arabia steps up diversification drive

Saudi Arabia is intensifying efforts to attract international investors as it works to diversify its economy…