BusinessLatest Business and Company Updates
Saudi Energy Firm Expands US Ties with $500 Million Agreements
Acwa Power has formalised Memorandums of Understanding valued at $500 million with several US companies, reinforcing its strategic collaborations in the energy sector. These agreements were signed during the Saudi-US Investment Forum held in Riyadh, aiming to bolster innovation and investment in renewable energy and infrastructure.The new MoUs build
Region
Middle East set for 4,080 new aircraft deliveries by 2044
Airbus has forecasted a significant expansion in the Middle East’s aviation sector, predicting the need for 4,080 new passenger aircraft deliveries over the next two decades. This growth is expected to bring the region's in-service fleet from 1,480 aircraft in
Hidden Engines Behind Region’s Next Phase of Private Markets Growth
By Umesh SangaralingamThe influx of private capital into Middle East markets is securing the region’s place as an evolving global investment hub. With sovereign wealth funds, institutional investors, family offices, and fund managers all increasing allocations, capital commitments are increasing at scale—but it’s not
BinDawood buys majority stake in UAE bakery
BinDawood Holding Company has agreed to acquire a controlling 51% stake in UAE-based Wonder Bakery in a deal valued at 96.9 million dirhams, marking a significant step in the Saudi retailer’s regional expansion strategy and its push into food manufacturing.The
