IDB invests in Saudi Arabian cheese industry
The IDB investment in Saudi Arabia's cheese industry includes the acquisition of shareholdings and the construction of a cheese factory.
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...
Biden Administration Halts US Ammunition Shipment to Israel; Tel Aviv ‘Unaware’ of Washington’s Decision
Israel is "unaware" of any US decision to halt a supply of ammunition ...
EU Vows $1 Billion Aid for Lebanon Amid Spiralling Economic Crisis
The European Union has recently unveiled a substantial aid package of ...
Latest News
MMG to chase outstanding amounts due the company
Recovery measures such as arbitration, negotiation and litigation are the means that MMG would recover due amounts receivable.
UAE hoteliers at odds over price ceiling mechanism for business
Hoteliers in UAE are in conflict as to the recommendation to impose a price ceiling on hotel rates.
National Bank of Abu Dhabi set to expand internationally
NBAD Group CEO Alex Thursby identified seven highly urbanized cities where the bank would set up its operations.
Commercial Bank of Qatar to issue bonds
The Commercial Bank of Qatar is set to undertake a perpetual bond issue to cover the acquisition of Turkey's Alternatifbank.
AUB looks for acquisitions overseas
Like many other Gulf Cooperation Council banks, AUB is now seeking investments overseas for diversification purposes.
Standard and Poor's Dow Jones Indices upgrades Qatar and the UAE
Qatar and UAE granted emerging market status while Bahrain, Kuwait and Oman retain frontier markets.
Mashreq Bank introduces technological innovations to its branches
Staff-less branches is the future, according to Mashreq Bank CEO.
Teva Pharm top huncho Levin resigns
CEO Jeremy Levin resigns from Teva, but board is confident they will find a permanent replacement.
Saudi Prince's Kingdom Holdings to increase Twitter stake
Saudi Arabian Prince Alwaleed bin Talal's Kingdom Holdings is preparing to purchase more shares in Twitter when its IPO comes around.
