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Saudi Arabia’s Public Investment Fund (PIF) has secured the first position in the Middle East region and seventh globally out of 100 global state-owned funds in the evaluation of governance, sustainability, and resilience practices by the Global Sovereign Wealth Funds.
Shareholders of Saudi energy firm ACWA Power have given their stamp of approval for the buyback of 2 million shares during an extraordinary general meeting held on June 22.
Ras Al Khaimah, UAE – In an impressive display of economic vitality, a free zone in the United Arab Emirates (UAE) has experienced a surge in business activity, welcoming more than 1,500 new companies during the second quarter of 2023. Ras Al Khaimah Economic Zone (RAKEZ) has witnessed a remarkable 132 percent increase compared to […]
Lucid, the US-based electric vehicle (EV) company, has revealed its intentions to pursue additional agreements for the sale of its luxury EV equipment as part of its strategy to expand its technology supply business.
Sustainable energy provision in Saudi Arabia is poised for significant growth as French energy giant TotalEnergies achieves financial closure for its maiden solar power plant in the Kingdom.
Microsoft CEO Satya Nadella told a judge late on Wednesday that his company’s proposed $69 billion takeover of video game-maker Activision Blizzard will be good for the gaming industry, remarks that came as he defended the deal against an attempt by federal regulators to block it.
Dubai Refreshments, a prominent company in Dubai’s beverage industry, has recently finalized a deal to sell its Al Quoz plot to Al Futtaim for a substantial amount of $68.6 million.
Kerala edtech startup, INTERVAL, has successfully raised Rs 22.50 million ($274,422) in a pre-seed fundraising round led by prominent angel investors from the UAE.
The United Arab Emirates (UAE) is preparing to unveil the new petrol prices for the upcoming month of July.
Abu Dhabi’s strength in the asset and wealth management sector was showcased at the Impower Fund Forum, with several prominent entities from the emirate in attendance.