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,…

Real estate remains at heart of Gulf’s wealth generation

  Ultra high net worth individuals (UHNWIs) based in the Gulf region, who have been long-standing…

EBRD announces two Women’s initiatives

Reassuring close to International Women’s Day (8th March) the EBRD is extending the outreach of its…

Oman’s non-oil future on track

Data from the National Centre for Statistics and Information shows that at the end of September…

UAE allocates $408m to build ‘new generation’ of schools

The announcement was made by UAE Prime Minister and Vice President and Dubai’s ruler Sheikh Mohammed…

Chinese power firm plans $1bn Saudi solar park

China-based Hanergy Thin Film Power Group has signed an investment cooperation agreement with Ajlan & Bros…