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30 May 2023

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Lebanon hopes for $1bn KSA deposit

  Lebanon's government has asked Saudi Arabia to deposit $1 billion at the central bank to boost the country's foreign

DI raises Dh400m through M'Sharie divestment

Dubai-based diversified conglomerate Dubai Investments has divested 40 per cent of its shareholding in M'Sharie, its

DII takes 10% stake in Saudi firm

Dubai Investments Industries (DII), a wholly-owned subsidiary of Dubai Investments, acquired a 10-per cent stake in


Agflation: the latest global crisis

               Graphic   Protests against rising food prices spread     More on agflation   Biofuels pose a moral


Swicorp plans $200m investment

A unit of Saudi financial advisory and private equity firm Swicorp expects to invest $200 million (Dh734m) by the end


Emirates NBD eyes RBS stake in Saudi affiliate

Emirates NBD, the Gulf's largest lender, said it was interested in buying Royal Bank of Scotland's (RBS) stake in Saudi

EIIC reveals Dh1.8bn plan for expansion

Emirates International Investment Company (EIIC) has announced ambitious plans to build six hi-tech factories in the

DSI wins Dh251m contract

Drake & Scull International (DSI) signed on Wednesday a letter of award to execute a Dh251 million engineering contract

DSI bags SR261 million project in Saudi Arabia

Drake & Scull International PJSC (DSI) has been awarded a SR261 million project to provide turnkey MEP solutions for

Smoke alert diverts Air Arabia’s Sharjah flight

Sharjah-based carrier Air Arabia flight from Sharjah to Saudi city of Taif was diverted to Riyadh after the smoke

Dubai gets Dh20bn FDI in 2015

Dubai, the region’s business hub, received nearly Dh20 billion in foreign direct investment (FDI) in 2015 and more than

1,500 KSA laundering cases

Saudi Arabia recorded nearly 1,500 money laundering cases in 2011 involving around SR45 billion (Dh44 billion), a local