Non Banking
Real estate sales deals of Kuwait surge to $1.3bln in June
The number of real estate deals in Kuwait worth $1.3bln has been distributed between 70 agencies...
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Telecom company Lumen sells Latin American business for $2.7bln
Lumen Technologies (NYSE: LUMN), a Telecom company, announced the signing of a definitive agreement and is...
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MENA gets $4.75bln as support in fiscal 2021 from World Bank
The Covid-19 pandemic has wreaked havoc and has taken a devastating toll on people across Mena....
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Abu Dhabi’s ADIO $545mln Innovation Programme to support three tech firms
As part of the state-run Abu Dhabi Investment Office (ADIO) AED 2 billion ($545 million) Innovation...
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Bank Albilad intends to redeem Sukuk at over $267mln
The percentage of the redeemed outstanding SAR-denominated Regulatory Tier 2 Capital Sukuk will account for 53.05%...
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SpaceX’s scored big with a new NASA contract
SpaceX hit the jackpot as it scored another major NASA contract. This time it is the...
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OFIC planning to invest $1.2 billion in food security
The government’s food sector investment and development arm, Oman Food Investment Holding Company SAOC (OFIC), set...
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Q-commerce set to capitalize $20bln of MENA’s digital-economy
Q-commerce is a new business model defined by fast delivery from local restaurants, shops, and dark...
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Amex witnesses an all-time-high revenue surge
The global Covid-19 pandemic caused a lull in business as lockdowns and restrictions became the norm....
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The “Normalcy Index” ranks Egypt as the fourth most resilient country
According to The Economist, the "normalcy index," which offers a framework to assess changes in behavior...
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