The UAE this year became the first Middle Eastern nation to host the World Expo event
Established in 1969, Olayan Financing controls the billionaire family’s investments in the Middle East
The nine hotels are part of the 16 properties currently under development in the first phase of the project
The licenses were issued at the 5th edition of the Future Investment Initiative
The Kuwaiti authority is a founding member of the One Planet Sovereign Wealth Fund Working Group established in Paris in 2017
The company operates three farms in the UAE
Oracle’s second cloud region in Saudi Arabia will enable support of Vision 2030 technology ambitions
The Abha International Airport has faced numerous drone attacks in recent months
The kingdom will establish a fund to improve carbon-capture technology and back an initiative to develop clean fuels
The kingdom also has plans to export green hydrogen
Oil has more than doubled over the past 12 months as the global economy rebounded from the dislocation caused by the coronavirus pandemic
Interest in the technology industry in the Middle East has increased the past few years
The kingdom aims to ensure at least 30 per cent of the cars in its capital are electric by 2030
It involves an investment of SAR700bn, with the minister of energy adding that the initiative will not have an adverse economic impact on oil exporters
The project marks Dar Al Arkan’s first entry into Qatar with the aim of driving the development of the luxury property market
The partnership is in line with Mobily’s efforts to reduce its emissions through using environmentally responsible methods for recycling old devices
The kingdom sold $4bn in US government debt, the most in over a year
The consortium, led by Washington-based EIG Global Energy Partners, may raise at least $4.5bn
The warning comes after deadly clashes in Beirut last week
According to PIF, it is the world’s ‘first tourism destination on offshore platforms’
The Grand Mosque in Makkah and the Prophet’s Mosque in Madinah will also be allowed to operate at full capacity
Tunisia is battling long-running economic troubles and has been mired in fresh political upheaval since late-July
The funds were deposited with HSBC in the UAE
At the outset Saudi Arabia plans to build four or five zones
Gartner predicts that the IT spending in the MENA region is set to grow 4.5 per cent annually and reach $171.3bn this year as businesses increasingly digitise amid pandemic
EV Metals is developing the battery chemicals processing facility with a view to supplying a potential automotive manufacturing cluster in the kingdom
The strategy will contribute to the growth and diversification of the kingdom’s economy
ACWA Power is now valued at $14.2bn, making it one of the biggest listed companies in Riyadh
Initial demand amounted to several billion dollars
British trade with the GCC was worth about $61bn in 2019