Middle East

India Secures 10-Year Chabahar Port Deal With Iran, Bypassing Rival Pakistan's Gwadar

India secured a 10-year Chabahar Port deal with Iran, bypassing Pakistan's Gwadar. The investment totals $370 million. The move strengthens regional ties and enhances trade routes amid escalating tensions.


Chinese Companies Dominate Licensing Bids to Explore Iraq Oil and Gas Fields as US Snubs Energy Bidding Round

Chinese companies won five more bids to explore and develop oil and gas fields in Iraq...

Despite Biden Administration Pause, Billions of Dollars Worth of US Weaponry Still Due to Go to Israel

Despite the Biden administration's pause on one bomb shipment and review of others due to concerns over potential civilian casualties, Israel is still set to receive US weaponry worth billions of doll..

Maersk Shipping Disruption Amid Houthi Attacks in Red Sea Could Force More Delays

Red Sea container shipping is experiencing increased disruption, according to Maersk, which predicts that capacity between Asia and Europe would be reduced by up to 20% in the second quarter...


Latest News

TPG and Abraaj compete against KKR & Co for Saudi food chain
TPG Capital and Abraaj Group had formed a partnership to succeed over KKR & Co. in acquiring a majority stake in fast-food chain Kudu. Kudu has over 200 restaurants located in Saudi Arabia.
Eman Mansour to open new investment banking firm
Dubai would be host to Eman Mansour's latest investment banking endeavor.
Lulu CEO to invest in Middle East, Asia and other emerging markets, includes store expansion
Lulu Hypermarkets chief executive officer Yusuffali M.A. said his company would be entering in expanding in emerging markets and create new ones in the Middle East and Asia.
Etihad wins with Air Seychelles' growth, doubles international passenger traffic
Air Seychelles announced its record growth of its international business, thanks to its popular Abu Dhabi route.
Kingdom Tower to be managed by joint venture
EC Harris and Mace would form a joint venture to manage the construction of Kingdom Tower.
National Bank of Abu Dhabi said to be world's safest bank
According to Global Finance, the National Bank of Abu Dhabi is acclaimed as the world's safest bank.
Al Meera, the Qatari retailer, formalizes agreement for construction of malls in Qatar
Al Meera would be working with Al Muftah and Al Aliaa to construct malls in Qatar.
Lulu Hypermarkets expand to many other markets
Retail giant Lulu Hypermarkets, under the leadership Yussuffali MA is expanding to Asia, North Africa and Middle East.
Deals of the day - Mergers & Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Friday.
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