Egypt and China have agreed to launch the third phase of their industrial area in the Suez Canal Economic Zone ...

China’s automaker Rox Motors has started electric vehicle production in Abu Dhabi and plans to unveil its first UAE-designed ...

Oil prices rose in early Friday trading after the US ruled out talks with Iran until it stops shooting at vessels in the Strait of Hormuz ...

Rising oil prices since the start of the Iran war have helped Oman almost eliminate its annual budget deficit, and the ...

UAE businesses are seeing inflationary pressures ease faster than their counterparts in Saudi Arabia and Kuwait ...

The national railway company of Saudi Arabia, Saudi Arabia Railways (SAR) is fully owned by the Public Investment Fund and operates as a state-owned enterprise. SAR was created to develop, manage and ...

UAE businesses are seeing inflationary pressures ease faster than their counterparts in Saudi Arabia and Kuwait, as resilient supply chains and access to imports cushion the economic fallout from the… ...

The Kuwait Investment Authority (KIA) is Kuwait’s state-owned sovereign wealth fund, founded in 1953 to manage government funds from oil. As of late 2024 KIA has almost $1 trillion of assets under ...

Boursa Kuwait is the private company that runs the Kuwait Stock Exchange (KSE), Kuwait’s national stock market. The first stock market in Kuwait – and the first stock market in the Gulf – started in ...

Mubadala Investment Company has secured more than 80 percent shareholder support to acquire a majority stake in Pierre & Vacances-Center Parcs. The acquisition, valued at approximately €1 billion, ...

Gulf countries need to turn their huge investment in AI infrastructure into homegrown commercial products, according to a ...

UAE bank lending is growing at about three times the pace of other Gulf countries thanks to a rapid expansion in lenders’ ...