Tuesday, February 18, 2020
Dubai Forum - Dubai News

Saudi Aramco, Malaysia’s Petronas Tap Banks for Jumbo Financing

Saudi Aramco and Petronas have approached banks to replace a short-term $8 billion loan raised earlier this year for a joint venture with long-term financing of approximately the same size.   DUBAI/HONG KONG, Aug 7 (Reuters)...

Saudi sovereign fund PIF has bought a below 5 percent stake in Tesla

DUBAI (Reuters) - Public Investment Fund, Saudi Arabia’s sovereign wealth fund, has bought a minority stake in Tesla (TSLA.O) at just below 5 percent, a source familiar with the matter said on Tuesday. PIF did...
Dubai Forum - Dubai News

Saudi woman marks the end of historic driving ban by driving F1 car

A Saudi woman has made history by driving a Formula One car as the ban on female drivers is lifted in the conservative country. Aseel Al-Hamad, the first woman to join the Saudi Arabian Motorsport...

Abu Dhabi postpones unveiling of $450m da Vinci painting

Leonardo da Vinci’s “Salvator Mundi”, a painting that courted controversy after Saudi Arabia’s crown prince was named as its alleged secret buyer, will not be unveiled on schedule, Abu Dhabi’s Department of Culture...
Dubai Forum - Dubai News

MIDEAST STOCKS-Saudi exchange opens slightly lower after big losses last week

DUBAI, Sept 9 (Reuters) - The Saudi exchange opened in negative territory on Sunday, extending – even if only marginally – significant losses accumulated at the end of last week as investors were rattled...

GCC tourism spend in Egypt will increase 11% in 2020 generating $2.36 billion, says...

Total tourism spend in Egypt reached $16.4 billion in 2019 and is expected to jump to $29.7 billion in 5 years GCC tourists to Egypt will spend $2.36 billion in 2020, an increase of 11%...

Align Technology Promotes Markus Sebastian to Senior Vice President & Managing Director of EMEA

By Align TechnologyAugust 21, 2019 Dubai, UAE - Align Technology, Inc. (Nasdaq: ALGN) announced that Markus Sebastian has been appointed senior vice president, managing director for the EMEA (Europe, Middle East and Africa)...

A&H goes all in with NMK for the Middle East

GCC: NMK Electronics has taken on distribution for the Audiotonix mixer brand, Allen & Heath. NMK is now exclusively responsible for distribution of the manufacturer’s full range of products in the UAE, Saudi...

Dubai waives off fee for setting up caravans on the beach

Residents can now set up their caravans on a Dubai beach free of charge, the municipality has announced. This came following directives issued by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince...

UAE investors set to inject $10bn into Bangladesh economy

The Dubai Frame is an architectural landmark in Zabeel Park, Dubai. Several UAE business groups are destined to invest $ 10 billion (Dhs36.7 billion) in Bangladesh, according to data compiled by the...