Antony-Blinken Saudi-FM-SPA

Blinken back in the Middle East, dials Saudi FM

The mediating countries – Qatar, the US, and Egypt – have so far failed to narrow enough differences to reach an agreement in months of on-off negotiations

Oman-Met-X

Oman under weather warning: Flights diverted from Salalah Airport

A flight from flydubai from Dubai International to Oman’s Salalah Airport, on Sunday, was among those affected

Saudi Arabia’s sports ambitions take off with Riyadh Air

Saudi Arabia’s sports ambitions take off with Riyadh Air

The multi-year sponsorship deal with Concacaf complements the airline’s existing agreement with Spain’s Atlético de Madrid

Saudi's SEDCO Capital to launch public IPO fund

Saudi’s SEDCO Capital launches IPO investment fund

SEDCO Capital’s new fund is expected to attract both local and international investors, offering them a vehicle to tap into the growing Saudi market

oil

Oil prices ease on China demand fears, focus on Middle East talks

That has stoked worries among traders about a slump in demand from China, where refineries sharply cut crude processing rates last month on tepid fuel demand

World’s largest solar microgrid rises along Saudi’s Red Sea

The Red Sea project is poised to be the world’s first fully clean energy-powered destination

Bayanat, Yahsat launch UAE’s first low-orbit radar satellite

The launch, a collaboration with SAR specialist ICEYE, marks a major milestone in the UAE’s space ambitions.

Brookfield Solano County California

Masdar to help power up Egypt with 200MW wind project

The consortium, comprising Egypt’s Infinity Group and UAE-based Masdar, will develop, finance, and operate the onshore wind project

Oman’s Hydrom signs green hydrogen projects worth $11bn

Oman’s Salalah port sees fall in container volumes

The port, which is Oman’s closest to the border with Yemen, handled 1.679 million shipping containers in the six months to June 30

Will Riyadh Metro ease the city’s traffic jams? What you need to know

Initially, Riyadh Metro is expected to carry 1.2 million passengers daily, with the capacity to expand to 3.6 million at full scale

Chinese automaker Chery expands UAE presence, opens new showroom

Chinese automaker Chery expands UAE presence

The Dubai showroom’s launch follows the debut of Chery’s flagship showroom in Sharjah, with plans to extend its presence to Abu Dhabi and other emirates

Saudi Arabia posts 2023 budget deficit of $22bn - capex

Saudi Arabia’s ‘capex super-cycle’ pivot to non-oil sectors: Goldman Sachs

Sectors such as clean energy, metals and minerals, transport and logistics, and digitalisation are expected to see significant funding as part of the kingdom’s economic diversification efforts

TotalEnergies, Iraq deal

Iraq shifts to profit sharing with new oil and gas deals

Oil majors have complained that the terms of Iraq’s traditional oil service contracts meant they could not benefit from rising oil prices and lost out when production costs rose

Chinese firms see dubai as an ideal launchpad for businesses Getty Images-1417041621

Why Chinese firms view Dubai as a launchpad for global growth

The Dubai Business Forum – China aims to further bolster cooperation between Dubai and Chinese public and private sector entities

US-ECONOMY-INFLATION-DATA

Dubai inflation numbers down in July: Is a rate cut on the horizon?

Dubai’s CPI moved down marginally to 111.56 points in July from 111.65 points in June, according to Dubai government data

Dubai’s DFM signs MoU with Shenzhen Stock Exchange

Dubai bourse signs MoU with Shenzhen Stock Exchange

Both exchanges will explore cooperation on dual-listing, ETFs, mutual display of indices, and fixed-income products

Saudi PIF, Concacaf sign multi-year partnership deal

Saudi PIF’s Concacaf deal aims to make inroads into North American football

The Concacaf partnership adds to PIF’s growing portfolio of partnerships across tennis, golf, football, and electric motorsports

Giuseppe Saba - CEO of Dubai Humanitarian shares insights on why Why supporting emergency funds is a moral, practical necessity

Why supporting emergency funds is a moral, practical necessity

Corporate social responsibility initiatives directed towards emergency response can make a substantial difference, providing financial resources, logistical support and expertise

RTA unveils updated OOH advertising manual

Dubai’s RTA updates Out-of-Home advertising manual

The manual features several enhancements including improved site planning for advertisements and elevated traffic safety standards

AD Ports' Noatum makes entry into Egypt; acquires Safina Shipping Services

AD Ports’ Noatum enters Egypt market; acquires Safina Shipping Services

Safina, a key player in the Egyptian maritime industry, offers comprehensive agency services and maritime logistics to shippers, serving the metals, minerals, and fertilisers sectors

Arada

Arada’s foray into Australia’s real estate market amidst a housing crisis

The sales and construction of the project, located in Sydney, will begin in 2025

Dubai real estate trends from leading develoeprs GettyImages-1345007377

Building on growth: Dubai developers share key real estate trends

Well-known Dubai-based developers share insights into key trends shaping the offerings of Dubai’s real estate sector

ADNOC Driling Rig at Upper Zakum - MSCI Index listing

ADNOC Drillling to join MSCI Index this month

ADNOC Drilling is the largest drilling and integrated services company in the Middle East

Agility posts-Q3-2022-profit - July 16, 2022: HH Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates meets with Joe Biden, President of the US, during the Jeddah Security and Development Summit. Image: WAM

Agility Global reports Q2 net profit of $30m, growth across divisions

Agility subsidiary Menzies, the world’s largest aviation services provider by number of countries, reported $91m in Q2 EBITDA, marking a 27.6 per cent YoY rise

Abu Dhabi’s ADX signs MoU with Armenia Securities Exchange

Abu Dhabi’s ADX signs MoU with Armenia Securities Exchange

The agreement is expected to strengthen cross-border market activity between the two markets

Gold

Saudi Arabia moves to tap its mineral reserves, invites bids for gold and copper mines

Saudi Arabia plans to award more than 30 additional mining exploration licences to foreign investors in 2024

DP World H1 2024 performance Image-by-WAM

DP World reports resilient H1 results amidst global challenges

Revenue for the period ending June 30, increased by 3.3 per cent to $9.34bn, driven primarily by strong growth in its Ports and Terminals segment

AD Ports Group completes acquisition of Tbilisi Dry Port, takes 60% stake

AD Ports completes acquisition of Tbilisi Dry Port, owns 60% stake

The state-of-the-art, rail-linked, and custom-bonded intermodal logistics hub in Georgia is scheduled to begin operations in October

Abu Dhabi expands scope of freelancer licences; 30 new activities included

Abu Dhabi expands scope of freelancer licence; 30 new activities included

Last year, ADDED issued 1,013 freelancer licences, reflecting growing interest from individuals seeking to establish and operate their businesses

ADGM says company registrations up 31% in H1 2024

ADGM says company registrations up 31% in H1 2024

The financial hub issued 1,271 new licences in H1 2024, a 20.5 per cent increase compared to the corresponding period a year ago