Saudi-listed Sal Logistics Services and master developer Sela have agreed to develop a logistics zone north of Riyadh. SAL Logistics Zone in Falcon City will cover more than 1.5 million square metres ...

Airfares between India and the UAE are expected to become cheaper if air travel capacity doubles over the next five years. A 20 percent drop in ticket prices could save Indian consumers $1 billion, ...

British oil and gas producer Capricorn Energy is in advanced talks with state-owned Egyptian General Petroleum Corporation to improve the terms for Western Desert gas concession agreements. The ...

UAE low-cost airline Air Arabia has increased its dividend payout after turnover grew by double-digits in 2024, the company said in a statement. Based in Sharjah and traded on the Dubai Financial ...

S&P Global Ratings has upgraded Saudi Arabia’s rating to “A+” from “A” with a stable outlook, citing socioeconomic and capital market reforms. Strong non-oil growth and rising oil volumes from 2025 ...

Aldar Properties said the $500 million sukuk (Islamic bond) issued by its subsidiary was oversubscribed more than seven times. The sukuk order book of Aldar Investment Properties reached $3.6 billion, ...

Trips in Dubai’s upmarket transport sector, mainly limousines, rose by nearly half last year, driven by increasing app usage, the state-run Wam news agency reported, citing the emirate’s Roads and ...

The International Monetary Fund (IMF) has approved the release of funds to Egypt following the fourth review of an emergency loan progamme but has warned the government that “more decisive ...

The UAE will back the development of a five-star hotel near the pyramids in Giza outside Cairo, the capital, to support Egypt’s tourism, state-run Wam news agency reported. State-backed Abu Dhabi Fund ...

The venture capital arm of state-controlled Saudi Aramco, the world’s largest listed oil major, has invested in two climate tech startups. Aramco Ventures has invested in Germany’s Ucaneo, which is ...

The parent company of Malaysian budget airline AirAsia has raised 1 billion ringgit ($226 million) to complete its reorganisation plan, according to a news report. “We have a 1 billion (ringgit) ...