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 Programme, it has partnered...
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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% of the total. Bank...
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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 most awaited mission of...
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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 up in 2012 as...
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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 stores. The Middle East...
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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. American Express took a...
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