Recent Posts

Aramco to buy $69 billion Sabic stake in record deal

Bloomberg Saudi Aramco, the world’s biggest oil producer, will buy a majority stake in local chemical giant Sabic from the kingdom’s sovereign wealth fund for $69.1 billion, transferring a big slug of cash from one arm of the state to another to help finance Crown Prince Mohammed bin Salman’s economic agenda. The Middle East’s biggest ever deal was first mooted ...

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Sharjah unveils AED2b sustainable city project

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Sup-reme Council Member and Ruler of Sharjah, launched the ‘Sharjah Sustainable City’ project on Wednesday. The AED2 billion project is the first urban mixed-use project in the emirate, which meets the highest standards of green economy and environmental sustainability. The project is the outcome of a strategic partnership between ...

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RAK eyes more tourists from eastern Europe

RAS AL KHAIMAH / WAM Ras Al Khaimah Tourism Development Authority (RAKTDA) is holding a series of roadshows targeting key Eastern European countries to promote the destination, highlight the emirate’s latest product developments and unique offerings. A delegation from the authority visited cities of Budapest, Bucharest, Bratislava, Moscow, Kazan, Novosibirsk and St. Petersburg over the course of two months, and ...

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