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Algeria secures $5bn foreign investment at trade event
Algeria secured nearly $5 billion in foreign direct investment into the energy and steel industries from countries including China and the US at an African trade exhibition held this month.
27 de set. de 20252 min de leitura


Gulf states bolster military spending after strikes on Qatar
Gulf governments are stepping up their military spending to defend against missile and drone attacks and protect shipping, lifting sales for defence contractors.
24 de set. de 20253 min de leitura


UAE companies back $100m fund for global AI push
Presight, the Abu Dhabi-listed technology company, has partnered with the Sharjah government-backed Shorooq to launch a new global fund to support the development of artificial intelligence (AI).
24 de set. de 20251 min de leitura


Saudi equities jump ahead of rule change on foreign investors
Saudi Arabia’s stock index surged on Wednesday following reports the kingdom may raise foreign-ownership limits for listed companies.
24 de set. de 20252 min de leitura


Nvidia to open Middle East research centre in Abu Dhabi
AI chipmaker Nvidia has signed a deal with Abu Dhabi’s Technology Innovation Institute (TII) to open its first research hub in the Middle East.
24 de set. de 20251 min de leitura


Egypt pays $500m in arrears to foreign oil companies
Egypt’s government has paid nearly $500 million in overdue debt to foreign companies in a bid to encourage them to intensify operations and reverse a decline in its gas output.
23 de set. de 20252 min de leitura


Trump’s tariff plays make for unpredictable partnerships
President Donald Trump’s call for G7 tariffs on China and India over cheap Russian crude during the Ukraine war offers Gulf states short-term gains but long-term questions.
23 de set. de 20253 min de leitura


Indian companies turn to the UAE to avoid Trump tariffs
Indian exporters are increasingly moving operations to the UAE to sidestep steep US tariffs.
23 de set. de 20253 min de leitura


US risks losing out to China in Saudi AI chip market
Experts warn the US must swiftly finalise a regulatory framework for the export of next-generation semiconductors to Saudi Arabia before China closes the gap and steps in.
23 de set. de 20254 min de leitura


Abu Dhabi and Hong Kong bourses to promote dual listings
The Abu Dhabi Securities Exchange (ADX) has signed an agreement with Hong Kong Exchanges and Clearing Limited (HKEX) to deepen cooperation between their capital markets.
19 de set. de 20251 min de leitura


Kuwait oilfield comes onstream officially after 16 years
Kuwait has brought a complex oilfield onstream nearly 16 years after the asset was discovered and development started.
19 de set. de 20252 min de leitura


Al Ansari board approves $41m interim dividend
The board of UAE remittance and foreign-exchange house Al Ansari Financial Services has approved an interim dividend payout of AED149 million ($41 million) for the first half of 2025.
19 de set. de 20251 min de leitura


Amazon opens first warehouse in Abu Dhabi
Retail giant Amazon has opened its first logistics warehouse in Abu Dhabi, as it aims to win a bigger slice of the UAE’s $9 billion ecommerce market.
19 de set. de 20252 min de leitura


Platinum takes on a new shine as prices soar
Platinum jewellery has been flying off the shelves in the Gulf recently, despite a major jump in the metal’s prices.
19 de set. de 20253 min de leitura


Oman doubles budget to help job seekers find work
Oman’s leader Sultan Haitham bin Tariq Al Said on Wednesday ordered a doubling of the country’s job creation fund to $250 million to help speed up employment opportunities for Omani nationals.
17 de set. de 20251 min de leitura


Alliance launches to support EU-Gulf investment links
A forum is being established to deepen economic and geopolitical ties between Europe and the Middle East.
17 de set. de 20252 min de leitura


Saudi Arabia seeks developers for seven renewable projects
Saudi Arabia is seeking developers for seven renewable energy projects with a total capacity of 5,300 megawatts.
17 de set. de 20251 min de leitura


Oman seeks stake in Iraq’s Development Road
Oman has informed Iraq it wants to be part of a multi-billion-dollar rail and road project along with Turkey, Qatar and the UAE, Iraq’s transport minister has said.
16 de set. de 20252 min de leitura


Tabreed to pay first interim dividend
Dubai-listed National Central Cooling Company, known as Tabreed, has announced the first interim dividend in its 27-year history.
16 de set. de 20252 min de leitura


Turkish companies in Africa move fast to compete with China
From manufacturing to construction and mining, the agility and risk-appetite of Turkish companies is increasingly putting them toe-to-toe with Chinese competitors in Africa, regional experts say.
16 de set. de 20253 min de leitura
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