Middle East

Qatar Airways Unveils World’s First Human-Like AI Cabin Crew

Visitors to Dubai's Arabian Travel Market (ATM) will have the opportunity to meet, interact, and engage with the second generation of the world's first AI-powered cabin crew.


Dubai's Ruler Greenlights New Passenger Terminal Worth $34.85 Billion

Dubai announced that construction had begun on a new terminal at Al Maktoum International Airport, which the Gulf emirate's ruler claimed will be "the world's largest."..

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..


Latest News

Dubai's Dubai Islamic Bank approves foreign ownership increase to 25 pct
Dubai Islamic Bank said on Wednesday it would increase its foreign ownership limit to 25 percent from 15 percent.
Dubai's Coal & Oil Group gets $250M to finish Independent Power Plant in India
Coal & Oil Group based in Dubai said it has secured $250 million for the completion of its 1,200 megawatt power plant called the Mutiara Thermal Power Plant in Tamil Nadu, India.
Qatar sovereign wealth fund in talks to invest $200M in Indian residential property
Qatar Investment Authority, the sovereign wealth fund of the gas-rich, Middle Eastern country, is in talks with Mumbai-based Kotak Realty Fund to invest $200 million in a residential property in India
Private equity firm Infinity Group backs BotanoCap with $4.2M
Infinity Group, a private equity firm based in China, announced its investment of $4.2 million in Israel-based biotechnology firm BotanoCap, a developer of green solutions for various industries.
San Francisco Firm Zimperium bags $8M to build out mobile intrusion prevention system
California-based firm Zimperium has raised $8 million in a funding round led by Sierra Ventures to develop its mobile technology that helps protect WiFi network users from hacker attacks.
Super-incubator Rocket Internet to channel $410M into Middle East e-commerce
Germany-based incubator program Rocket Internet is planning to team up with telecom provider MTN Group to form Middle East Internet Holding (MEIH), which will invest $410 million to develop e-commerce
Abraaj Capital says it wants to make one more investment in Turkey in 2014
Abraaj Capital Ltd said it intends to make one more investment in Turkey after it had acquired an 80% stake in a dairy maker this month, Bloomberg reported.
Japan's Showa Shell subsidiary to invest ¥13 B in solar panel plant
Solar Frontier, a wholly owned subsidiary of Japanese petroleum company Showa Shell Sekiyu, will be investing ¥13 billion ($125 million) to construct a solar panel plant in Japan's Miyagi prefecture.
Kuwait's Noor Financial sells off Meezan Bank stake
Kuwait-based holding company Noor Financial Investment Company has decided to sell of its entire stake in Pakistan-based Meezan Bank Limited (MEBL) to Vision Financial Limited for $190 million, accord
Al Jazeera looks to acquire majority stake in Turkish pay-TV company
Qatar's Al Jazeera is mulling over a bid for a controlling stake Turkish pay-TV company Digiturk. Digiturk is an Istanbul-based satellite TV provider with an enterprise value of $1.5 billion.
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