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ZAWYA: Winner of “RAK Talent Award” receives a business project worth 2.5mln dirhams

Ras Al Khaimah, United Arab Emirates – Under sponsorship of Ras Al Khaimah Chamber of Commerce and Industry and in a step that reflects success of the initiative in turning the innovative ideas into real economic projects, Emirati citizen Mira Ibrahim Abdullah Al Jamali, winner of “RAK Talent Award…

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Economy
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ZAWYA: Sanabil joins Lux Capital to back $30mln Series A in 1001

The round reflects growing conviction from tier-1 US institutional investors in AI companies built in the GCC, with Lux Capital leading 1001's Series A.Saudi Arabia: 1001, a GCC- and London-based company building sovereign AI for critical infrastructure, today announced a $30 million Series A led b…

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ZAWYA: Saudi real estate firm Arabian Romoz to float 11.95% stake in Nomu IPO

Staff WriterArabian Romoz Company, the Saudi real estate development firm, plans to float 950,000 shares or 11.95% of its share capital in a Nomu IPO.The offer will be confined to qualified investors. The announcement by Arabian Romoz comes the same week as another Saudi-based real estate firm, MSG…

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StocksSA
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ZAWYA: Oman LNG launches inaugural energy shipment aboard state of the art vessel

Staff WriterMuscat : Oman LNG celebrated the launch of its first LNG shipment aboard the "Muscat LNG" from Oman to global markets. This achievement reinforces Oman's position in global energy supply chains and reflects its status as a reliable global energy supplier.The operation of the "Muscat LNG…

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Futures
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ZAWYA: Jordan studies expansion of power link with Egypt: Report

Majda MuhsenJordan is studying options to strengthen its electricity interconnection with Egypt as part of efforts to enhance energy security and support the growing integration of renewable energy into the national grid, local Arabic language newspaper Addustour said in a report on Tuesday.The rep…

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Economy
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ZAWYA: Accor and Margins Developments sign Novotel Hotel and Residences in New Cairo Lusail, tapping Egypt’s new growth corridor

CAIRO, EGYPT:  Accor, a world-leading hospitality group, and Margins Developments, one of Egypt's leading real estate developers, announce the signing of Novotel & Novotel Residences New Cairo Lusail, a landmark mixed-use destination combining hospitality, branded residences and modern living withi…

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EconomyStocksEG
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ZAWYA: Kuwait recasts state oil company as commercial entity

N SaeedKuwait has allowed its main public oil company to run on a pure commercial basis without interference from the country’s public auditors in a bid to upgrade its performance.An Emiri decree amending some provisions of Law No. 6 of 1980 establishing the Kuwait Petroleum Corporation (KPC) follo…

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EconomyFutures

ZAWYA: UAE leads international charter: Space and Major Disasters meetings

Abu Dhabi, UAE: The UAE, represented by the UAE Space Agency, will lead the meetings of the International Charter: Space and Major Disasters, which will be held virtually on 22 and 23 June 2026. This comes as part of the UAE’s leadership of the Charter, which runs from April to October 2026.The UAE…

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Economy