The UAE is closely collaborating with the World Bank to draft new legislation that would help small and medium-sized firms in gaining access to greater financing options. Under the draft law, these firms would be able to use assets such...
Tyco International Ltd. completes acquisition of 75 percent stake in UAE-based KEF Holdings. KEF Holdings is an integrated valve manufacturer and provide steel castings to oil and gas, chemical, mining, and power industries. With this investment, Tyco gets a platform...
Saudi Arabia, the oil-rich kingdom home to millions of foreign workers, is finding it hard to enrol tens of thousands of its mostly young population who graduate each year, a report said. Despite being the largest Arab economy, and the...
  Are you the kind of person, who waits for February 14th to happen every year, with bated breath? Someone who gushes over chocolates & flowers and all that jazz or spend your entire month's earning on that diamond ring...
The Saudi-based Kingdom Holding Company will lead a consortium of investors to acquire a US $399 million stake in a Chinese online retail firm. The investment firm, controlled by Saudi billionaire Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, will be...
The International Center for Biosaline Agriculture in Dubai hosts a high-level summit this week in collaboration with the Global Crop Diversity Trust, to discuss food security and sustainable agriculture in the Gulf countries. Dr. Geoffrey Hawtin, Senior Advisor at...
  The world’s longest distance selfie was taken on Friday, connecting thousands of miles between world number one Rory McIlroy, the world’s No.1, and Abu Dhabi Ocean Racing skipper Ian Walker. McIlroy, who is chasing Martin Kaymer in the Abu Dhabi...
The newly sworn Yemeni President will visit Saudi Arabia to meet King Abdullah and thank him for the role he played during the Arab Uprising, a Saudi newspaper reported. He also hoped that Riyadh will keep playing a crucial...