Muscat: Continuing to redefine the way customers engage with everyday banking, Sohar International has launched a new rewards campaign as part of its ‘Fueling Your Journey’ initiative, offering customers additional value and exciting opportunities to win. The campaign builds on the bank’s landmark…
KNCAIRO: DP World today announced the launch of Egypt's first fully integrated Logistics Distribution Centre (LDC) at Sokhna Logistics Park, marking a significant milestone in the country’s logistics sector.The new facility enables international companies to access the Egyptian market while serving…
Brinda DarashaThe GCC healthcare sector is set for increased IPO activity, with more companies, particularly those in Saudi Arabia, exploring public listings as the industry seeks substantial capital for capacity expansion, acquisitions, and technology investments.Market participants say the IPO pi…
Staff WriterThe top four lenders in the GCC are expected to report strong profits in 2026 despite the US and Iran struggling to end the war that has roiled the region's economies, S&P Global Market Intelligence said in a report.Saudi-based Al Rajhi Bank is expected to record the largest year-on-yea…
KNDUBAI: Emarat Petroleum Company PJSC (Emarat), a pioneer in the UAE’s oil and gas industry, has expanded its international footprint with the opening of its first branded service station in Yerevan, the capital of Armenia.The milestone reflects Emarat’s continued efforts to advance its internatio…
TFPARIS: International tourist arrivals in OECD countries rose by an estimated 3.4% in 2025 to reach a record 847 million, building on strong growth of 8.1% in 2024. However, as geopolitical tensions, shifting traveller behaviour, and extreme weather-related events continue to shape the tourism lan…
TFWASHINGTON: The World Bank's Board of Executive Directors approved a US$700 million loan to assist Jordan in turning economic stability into stronger private investment and more and better jobs.The Jordan Growth and Competitiveness Development Policy Financing II will support the Government of Jo…
TFDOHA: Invest Qatar, the Investment Promotion Agency of Qatar, released its 2025 Annual Report today, marking a remarkable year for foreign direct investment (FDI) and reaffirming Qatar’s position as a leading destination for high value, impact-driven global investment.In 2025, Qatar attracted $3…
TFWASHINGTON: The World Bank Board of Directors Wednesday approved $265 million to support the Ifahsa Pumped Hydropower Storage Project in Morocco, a major clean energy infrastructure investment in northern Morocco and one of the most significant of its kind on the African continent.The project wil…
Majda MuhsenSaudi Arabia's ACWA has signed a public-private partnership (PPP) pact and a power purchase agreement (PPA) for the development of the 230-megawatt (MW) N'Diago Combined Cycle Gas Turbine (CCGT) power plant in Mauritania.The agreements cover the development, financing, construction and…
Dubai, UAE, Emarat Petroleum Company PJSC (Emarat), a pioneer in the UAE’s oil and gas industry, has expanded its international footprint with the opening of its first branded service station in Yerevan, the capital of Armenia. The milestone reflects Emarat’s continued efforts to advance its…
CAIRO, El Sewedy Electric has cut process times by an average of 84% across 30 completed artificial intelligence projects as the Egyptian industrial group expands the technology across manufacturing, legal, human resources and customer service operations, company executives said.The company is also…
(Manama, Bahrain) – Eskan Bank announced its participation as a Platinum Sponsor at the Bahrain Smart Cities Summit 2026, held under the patronage of His Excellency Shaikh Khalid Bin Abdulla Al Khalifa, Deputy Prime Minister, and organized by the Ministry of Municipalities Affairs and Agriculture…
Riyadh, Kingdom of Saudi Arabia – Foreign private capital investment in Saudi Arabia's private markets reached SAR 20 billion (USD 5.3 billion) in 2025, representing about 60% of total private capital investment in the Kingdom and marking a significant milestone in the continued expansion of Saudi…
The Capital Market Authority (CMA) announces the commencement of receiving applications for authorization to carry out commodity exchange activities in the Saudi Market for a period of (123) days, starting from 16/01/1448, corresponding to 01/07/2026, until 20/05/1448, corresponding to 31/10/2026.T…
After a volatile start to the year, gold now faces a pivotal second half that will be shaped by unpredictability from geopolitics, rates, and investor sentiment, according to the Gold Mid-Year Outlook 2026 released by the World Gold Council today. Gold set more than 12 all-time highs and reached a…
N SaeedA project to extend an oil export pipeline from Iraq via the Syrian port of Banias is still under study, according to the Iraqi oil ministry.“Iraq is exploring alternative routes to its existing maritime outlets,” Ministry spokesman Salim al-Rikabi told the official news agency."The project…
Cairo, Egypt - QNB Egypt, a subsidiary of QNB Group, a leading financial institution in Africa and the Middle East, has inaugurated a new branch in Meneyet El Nasr city, Dakahlia Governorate. The Bank has also developed Meneyet El Nasr Central Hospital, reinforcing its position in the Egyptian ban…
Staff WriterThe General Pension and Social Security Authority (GPSSA) opened registration for a newly expanded state social insurance system, urging eligible employers, entrepreneurs and self-employed individuals to secure their future retirement privileges.Backed by the Minister of Finance’s Decis…
Dubai, United Arab Emirates: Stellantis Middle East & Africa (MEA) today brought together leading automotive and business media from across the region, where Samir Cherfan, Chief Operating Officer for Middle East & Africa, presented the FaSTLAne 2030 strategy with a clear focus on its regional exec…
