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46 Results-
Suez Canal expansion project expected to finish in July 2023: SCA chairman
A project to expand parts of the Suez Canal is expected to be completed after two years of work in July 2023, the chairman of the Suez Canal Authority ... Middle East -
Reddit confidentially files to go public
Social media platform Reddit said on Wednesday it had confidentially filed for a proposed initial public offering (IPO) with the US Securities and ... Financial Markets -
UAE to allow establishment of acquisition companies
The United Arab Emirates will allow the creation of companies for acquisition or merger purposes, the Economy Ministry said on Twitter.For the latest ... Business -
Dubai’s Sheikh Mohammed issues decree to reconstitute free zones council
The ruler of Dubai, Sheikh Mohammed bin Rashid al-Maktoum, on Monday issued a decree to reconstitute the board of the Dubai Free Zones Council, state ... Economy -
Saudi Tadawul Group sets price range for IPO at $25 to $27 per share
Saudi Tadawul Group sets a price range for its initial public offering at $25 (95 SAR) to $28 (105 SAR) per share, Al Arabiya reported.For the latest ... Gulf -
Al Habtoor Group targets listing of 35 pct: Report
Al Habtoor Group plans to list up to 35 percent of its shares in an offering planned for the third quarter of 2022, the chairman of the Dubai-based ... Financial Markets -
Amethis completes minority investment in language technology & services firm Tarjama
Investment fund manager Amethis has announced the completion of its second transaction after acquiring a minority stake in Tarjama, a leading language ... Digital -
China industrial output, retail sales accelerate but property clouds outlook
China’s industrial output and retail sales grew more quickly than expected in October, despite fresh curbs to control COVID-19 outbreaks and supply ... World News -
Dubai Holding weighing IPO of TECOM Group: Sources
Dubai Holding, the investment vehicle of Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum, is weighing an initial public offering of business park ... Business -
The UAE aims to have 20 unicorns by 2031: Official
The United Arab Emirates aims to become home to 20 so-called unicorns by 2031, Minister of State for Entrepreneurship and SMEs, Ahmad al-Falasi, told ... Business -
UAE allows federal entities to establish development funds: Report
The United Arab Emirates will allow government entities to create their own development funds, the state news agency said on Tuesday, citing an ... Gulf -
Demand for office space in Riyadh rises after efforts to attract company HQs
Demand for high-quality offices in Riyadh has increased after Saudi Arabia said foreign firms should move their regional headquarters there to be able ... Gulf -
New board of directors appointed for Dubai Financial Market: Official
Dubai appoints a new board of directors for the Dubai Financial Market headed by Helal al-Marri, the emirate’s Deputy Ruler wrote on Twitter.Read more ... Financial Markets -
Volvo shares soar after company’s IPO
Shares of the Swedish car brand Volvo debuted Friday on the Stockholm stock exchange, with the price rising sharply in early trading.For the latest ... Financial Markets -
Saudi push on company headquarters showing success: Official
Saudi Arabia’s push for firms to set up regional headquarters in Riyadh is proving successful and is not aimed at dismantling corporate operations ... Gulf -
Abu Dhabi fund Mubadala unit acquires a US franchisee of Taco Bell
A unit owned by Abu Dhabi state fund Mubadala Investment Company has acquired one of the biggest franchisees of Taco Bell Corp in the US, according to ... Business -
Dubai announces portfolio of projects worth $6.8 billion
The government of Dubai on Sunday announced a diversified portfolio of public-private partnership (PPP) projects worth more than $6.81 billion (25 ... Business -
Saudi Arabia holds meeting to discuss current, future investments in smart cities
Saudi Arabia’s finance minister Mohammed al-Jadaan and the president of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun held a virtual ... Technology -
Forbidden business: Taliban prohibit barbers from shaving, trimming beards
The Taliban have prohibited barbers in Afghanistan’s Helmand province from shaving or trimming beards, saying it breaches their interpretation of ... World News -
Citi launches tech hub in Bahrain to develop its digital platforms
Citi launched on Monday a global technology hub at its Bahrain offices, the first of its kind in the region and with the aim of employing 1,000 coders ... Business -
ADNOC increases size of drilling unit IPO
The Abu Dhabi National Oil Company (ADNOC) will increase the number of shares in the initial public offering (IPO) of its drilling unit to 11 percent ... Energy -
US solar companies warn that proposed tariffs would devastate new projects
A US solar industry group warned on Wednesday that tariffs on imported panels from three Asian countries would jeopardize nearly 30 percent of the ... Energy -
Saudi real estate market expanding at ‘unprecedented rate,’ mortgages up 10-fold
Saudi Arabia’s real estate market experienced exponential growth with residential mortgages up ten-fold in H1 2021 compared to its corresponding ... Gulf -
Chinese regulators pledge tighter supervision, new rules for finance industry
Chinese officials pledged to tighten supervision in the financial services industry, suggesting a recent regulatory onslaught on the private sector ... Banking & Finance -
Wall Street and China to revive talks in hunt for common ground
A contingent of Wall Street veterans and high-level Chinese government officials are seeking to open up talks again, as business leaders work outside ... Financial Markets -
Dubai’s Emaar Properties reports drop in Q2 profit, H1 property sales hit record
Emaar Properties, Dubai’s biggest listed property firm, posted a 17 percent drop in quarterly profit, after a one-off asset sale boosted profit a year ... Business -
Kuwait Investment Authority appoints new interim managing director: Source
The Kuwait Investment Authority (KIA), the Gulf country’s sovereign wealth fund, has appointed Badr al-Ajeel as interim managing director pending a ... Economy -
Saudi Sports Company signs advertising deal with MBC
A new network of Saudi sports channels has signed an advertising deal with MBC Media Solutions (MMS), the sales unit of MBC Group of which Al Arabiya ... Business -
Dubai buy now, pay later app Tabby raises $50m in series B funding round
Buy now, pay later platform Tabby has raised $50 million in a series B funding round, bringing its total funding to more than $130 million raised in ... Business -
S&P cuts Kuwait’s rating, citing lack of deficit-financing strategy
Ratings agency S&P Global Ratings cut Kuwait’s rating by one notch citing the Gulf state’s lack of a funding strategy to finance its deficit.Hit hard ... Economy