Tesla to launch in Saudi Arabia amid declining Europe sales
Tesla is set to launch in Saudi Arabia next month, marking its entry into the Gulf region’s largest market. The company announced the April 10 event...
Ant International opens first Middle East office in Saudi Arabia
RIYADH: Ant International, a prominent global provider of digital payment, digitization, and financial technology, has inaugurated a new office in the central business district of Al-Olaya,...
Matternet get approval for drone deliveries in Saudi Arabia
RIYADH: Matternet, the world’s leading developer of urban drone delivery systems, announced Monday its M2 drone has been approved for operations in Saudi Arabia. The...
Mardi Holding expands into UAE
DUBAI: Mardi Holding, a prominent real estate development company from Georgia, has announced its expansion into the UAE. This move aims to attract investors to...
Dubai Islamic Bank raises stake in Türkiye’s T.O.M. Group to 25%
DUBAI: Dubai Islamic Bank (DIB), the UAE’s largest Islamic bank, announced Monday it has increased its shareholding in T.O.M. Group from 20% to 25%. This...
Drake and Scull, El Amar Group collaborate in Egypt and Saudi Arabia
DUBAI: Drake and Scull International PJSC (DSI), a leader in mechanical, electrical, and plumbing (MEP) contracting services, as well as oil and gas, water, and...
Al Ansari Financial Services partners with Abhi Middle East for enhanced financial solutions
DUBAI: In a strategic move poised to transform the financial landscape, Al Ansari Financial Services PJSC (DFM: ALANSARI) has announced a partnership with Abhi Middle...
DP World Australia announces acquisition of Silk Logistics
DUBAI, UAE: DP World Australia, a subsidiary of DP World, announces it has entered into a binding Scheme Implementation Deed for the acquisition of 100%...
IMF projects economic growth at the rate of 5.1% for the UAE in 2025
The UAE’s real GDP is forecasted to remain stable at 4% in 2024, with an expected increase to 5.1% in 2025, according to the latest...
Masdar partners with Presight to develop an advanced asset management tool
ABU DHABI: Masdar, the UAE’s leading clean energy company, has entered into a strategic partnership with Presight, a top-tier big data analytics firm powered by...
KASCO Developments launches in UAE real estate with AED 1.2bn initial investments
Dubai, UAE: KASCO Developments – the latest venture by the prominent KASCO Group – has officially launched into the thriving UAE property market. Having been...
Web3 streaming platform myco raises $10 million for its Series A funding
Dubai: UAE-based Web3 streaming platform, myco, has successfully completed the first closing of its Series A funding, raising $10 million from prominent venture investors across...