Gulf Business - The Latest Middle Eastern & Arabian News
WEBGulf Business is the regions first and leading business magazine. Region-wide, it has remained the preferred magazine for decision-makers, corporate leaders and high-ranking business and ...
Q Holding to rebrand as Modon Holding after $12bn merger
WEBFeb 28, 2024 — Abu Dhabi’s Q Holding to rebrand as Modon Holding after $12bn merger. ADQ and IHC Capital will own a respective 38.7 per cent and 19.4 per cent of the entire issued share capital of the merged ...
Dubai cloud kitchen Kitopi becomes a unicorn after new $415m …
WEBJul 1, 2021 — Dubai-based cloud kitchen startup Kitopi has raised $415m from a group of investors including SoftBank Group Corp’s Vision Fund 2, vaulting it to unicorn status. Kitopi “has crossed the ...
Sunset Hospitality Group secures $35m funding from Goldman …
WEBNovember 8, 2022. Dubai based Sunset Hospitality Group (SHG) has secured $35m funding from Goldman Sachs Asset Management. SHG was founded in Dubai ten years ago and is currently present across ...
Jeddah Tower: Construction resumes on world’s tallest tower
WEBSeptember 15, 2023. Image credit: Adrian Smith & Gordon Gill. The Jeddah Economic Company (JEC) has resumed construction on the Jeddah Tower, the ambitious project aiming to claim the title of the ...
Dubai's DIB completes Noor acquisition to create one of the …
WEBJanuary 23, 2020. Dubai Islamic Bank (DIB) has completed the acquisition of rival Noor Bank to create a lender with total assets exceeding Dhs275bn, it was announced on Thursday. The transaction ...
ADNOC awards $510m contract to expand Shah Sour Gas plant …
WEBJune 15, 2021. State-owned company ADNOC announced the awarding of a $510m (Dhs1.87bn) engineering, procurement, and construction (EPC) contract to expand the capacity of its Shah Sour Gas Plant ...
Understanding mainland vs freezone company setup options in …
WEBDec 7, 2021 — Criteria: Mainland: Freezone: Business ownership: Many mainland businesses require 51 per cent local ownership. Since June 2021, more than 1,000 activities can apply for full foreign ownership.
Saudi Arabia’s Duba Port is now called Port of NEOM - Gulf Business
WEBMay 18, 2023 — Saudi Arabia’s NEOM has renamed Duba Port, the primary seaport of entry to the northwest of Saudi Arabia, to Port of NEOM. The port is located Oxagon. The management of Duba Port was transferred ...
UAE becomes world’s largest rough diamond trading hub
WEBFeb 22, 2022 — In 2021, the UAE became the world’s largest rough diamond trading hub, with over $22.8bn worth of the commodity traded last year. The figures were shared by Ahmed Bin Sulayem, executive chairman ...
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