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MENA News
Egypt, UAE sign agreement to prevent double taxation
Egypt and the United Arab Emirates (UAE) signed an agreement on Sunday to eliminate double taxation on income and…
IMF: Red Sea shipping activity down 50% due to Gaza war
Shipping in the Red Sea has decreased by 50 per cent due to geopolitical tensions and the conflict in Gaza,…
S. Arabia’s overall merchandise exports fall by 15.6% in Nov.
Saudi Arabia's overall merchandise exports declined by 15.6 per cent in November 2023 to 95 billion Saudi riyals,…
S. Arabia’s MMC plans to sell 30% stake in IPO
Saudi Arabia's Modern Mills for Food Products Co. (MMC) intends to sell a 30 per cent stake in an initial public…
Egypt, Turkey explore new avenues of co-operation
The CEO of the Suez Canal Economic Zone (SCZone), Walid Gamal El-Din, highlighted to the Turkish Ambassador in…
UAE’s ADIA mulls acquiring stake in China’s Wanda
Abu Dhabi Investment Authority (ADIA) is planning to acquire a minority stake in China’s Zhuhai Wanda Commercial…
ADDED partners with HYCAP for new green complex
The Abu Dhabi Department of Economic Development (ADDED) declared on Monday that it has signed a memorandum of…
Airbus in talks with S. Arabia for A330 military planes
Airbus is in talks with Saudi Arabia to sell more A330 tanker military planes as the country is also planning to…
DEWA’s EV Green Charger service rise by 59% in 2023
The electrical vehicles (EV) Green Charger initiative by Dubai Electricity and Water Authority (DEWA) saw a…
Saudi Investment Bank posts SAR 1.76 bln net profit in ’23
The Saudi Investment Bank (SAIB) reported a net profit of 1.76 billion Saudi riyal (about $469,3 million) in 2023,…