May 31, 2023

According to the IEA, investments in clean energy on a global scale are projected to surpass $1.7 trillion in 2023.

As the global community intensifies its efforts to combat climate change, investment in clean energy is experiencing a remarkable surge, with expectations that it will exceed $1.7 trillion in 2023, according to the International Energy Agency (IEA). In its latest report, the IEA stated that the worldwide energy sector is projected to witness investments of […]

May 31, 2023

In April, Qatar achieved a trade balance surplus of $6 billion.

Qatar’s economy showcased resilience in April 2023 as the country recorded a trade surplus of 22 billion Qatari riyals ($6 billion), according to a report released by the states’s Planning and Statistics Authority.

May 31, 2023

Saudi banks witnessed a notable surge in profits, with a 3.4% increase to reach $1.55 billion.

The banking sector in Saudi Arabia demonstrated its resilience in April, with the aggregate profit of banks operating in the country increasing by 3.4 percent year on year, reaching SR5.78 billion ($1.55 billion).

May 30, 2023

Odys Aviation has joined the Ministry of Economy’s NextGen FDI Programme.

The Ministry of Economy has made an announcement regarding Odys Aviation, a US-based company specializing in the development of hybrid-electric vertical take-off and landing (VTOL)

May 30, 2023

The EIB has granted a loan of €3.4 billion to support various projects in the circular economy.

European Investment Bank (EIB) has been actively supporting the circular economy by providing substantial funding to relevant projects.

May 30, 2023

The CEO of RAKEZ revealed that the economic zone is currently hosting more than 18,000 companies representing 100 countries.

Ramy Jallad, the CEO of Ras Al Khaimah Economic Zone (RAKEZ), has announced that the economic zone is currently hosting over 18,000 companies from 100 countries.

May 30, 2023

“W Capital” has successfully sold an entire floor in Palace Residences.

W Capital, a Dubai-based real estate brokerage, announces the sale of an entire floor in the esteemed “Palace Residences Tower North” project, developed by Emaar Properties in the Dubai Creek area.

May 30, 2023

Selfdrive.ae has introduced a corporate fleet subscription service empowered by AI.

Selfdrive.ae, a leading smart mobility tech company, has expanded its range of services through its super app and recently introduced the “corporate fleet subscription” service.

May 30, 2023

On Thursday, real estate transactions in Dubai surpassed AED 2.5 billion.

Dubai’s real estate market witnessed a remarkable milestone on Thursday as the total value of transactions surpassed AED 2.5 billion, marking a significant record in the emirate’s realty sector.

May 30, 2023

Solar investment surpasses oil, according to the IEA.

According to the International Energy Agency (IEA), global investments in clean energy technologies are expected to exceed $1.7 trillion in 2023, with solar energy poised to outshine oil production spending for the first time.

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