Middle East

MSC Darwin Ship Targeted by Yemen's Houthis in Gulf of Aden

Yemen's Houthi group claimed responsibility for the attack on the MSC Darwin ship in the Gulf of Aden and the launch of missiles toward the Israeli city of Eilat.


Middle East Conflict Could Push Oil Prices to the Top and Drive Global Inflation, Says World Bank

The World Bank warns that escalating conflicts in the Middle East could push oil prices over $100 a barrel, potentially increasing the recent decline in global inflation and worsening economic challen..

Dubai Struggles to Bounce Back After United Arab Emirates Floods Delayed Airport Flight Schedules

Dubai's major airport announced on Friday that it will limit the number of flights arriving for the next two days as it works to remove a three-day backlog caused by a record storm in the UAE...

Dubai's 'Apocalyptic' Superstorm Strikes World's Busiest Airport After Historic Rainfall Causes Flood Chaos, Cancelled Flights

Tragically, there has been a loss of life due to the heavy rain and flooding that has caused widespread disruption in Dubai...


Latest News

Abraaj picks up stake in Moroccan chocolate maker Kool Food
Dubai, United Arab Emirates (UAE)-based firm Abraaj Group picked up a stake in Casablanca, Morocco-based chocolate manufacturer Kool Food for an undisclosed amount to back the latter's international d
Doha Bank agrees to acquire HSBC Bank Oman
Doha Bank, a Qatar based lender, has entered into a definite acquisition agreement with HSBC Holdings Plc's HSBC Bank Oman to purchase its lending arm in India pending regulatory approvals in India, J
International Finance Corp shells out $25.8M for wind farm in Pakistan
The International Finance Corp (IFC) is shelling out $25.8 million for the construction of a new wind farm in Sindh province of Pakistan to fill in the increasing energy deficit in the region.
Sources: NBK Capital appoints Perella Weinberg Partners for asset sale
NBK Capital appointed Perella Weinberg Partners as its adviser on a planned stake sale, reported Bloomberg.
French publisher Webedia adds Lebanese digital media firm Diwanee
Paris, France-based digital publishing firm Webedia added Lebanon-based digital media firm Diwanee for an undisclosed amount to help the latter reach out to women in the Middle East.
Arad Group picks up controlling stake in Mexican water meter maker Cicasa for $2M
Dalia, Israel-based water measurement solutions and services provider Arad Group picked up a controlling stake in Mexico-based water meter manufacturer Cicasa for $2.04 million to gain access to the L
Israeli app Flayvr grabs $2M in seed funding to organize smartphone photos
Tel Aviv, Israel-based mobile gallery startup Flayvr grabbed $2 million in seed funding from institutional and angel investors to help smartphone users organize their gallery photos for easy viewing a
Israeli startup StoreDot develops technique for 30-second phone charging
Ramat-Gan, Israel-based nanotech startup StoreDot developed a prototype of a device that will enable a person to charge a phone within just 20 seconds in a cost-efficient and environment-friendly mann
Israeli startup Neura bags $2M in funding to connect devices in a single app
Herzliya, Israel-based connected device network Neura bagged $2 million in a funding round led by Greenhouse Capital Partners to connect several gadgets using one mobile app.
Israeli 3D printing firm Stratasys buys American filament maker Interfacial Solutions
Rehovot, Israel-based 3D printing firm Stratasys bought Wisconsin, US-based plastic filament maker Interfacial Solutions for an undisclosed sum to streamline its operations through hardware and filame
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