Saudi’s global hub ambition behind record leveraged buyout deal for EA
Saudi Arabia is furthering its gaming hub ambitions with a record $55B deal for electronic arts. The investments in the gaming industry are being touted as…
Category: BUSINESS
Dubai Holding, Brookfield launch Solaya beachfront homes in Jumeirah 1
New Meraas project by Dubai Holding spans nine buildings over 40 acres Dubai Holding Investments, in partnership with Brookfield Properties, has launched Solaya, a new…
China bets on Morocco to lead Africa’s electric energy future
Morocco is preparing to build Africa’s first battery gigafactory, a $5.6 billion project backed by China’s Gotion High-Tech, which will place the North African kingdom at the…
Sudani Launches $450 Billion Investment Opportunities in Iraq
Iraqi Prime Minister Mohammed Shia al-Sudani unveiled investment opportunities worth $450 billion across multiple sectors, signaling an ambitious drive to diversify the country’s economy and…
Morocco’s green energy could power half of Europe electricity?
Morocco’s trade minister says his country could, in theory, keep half of Europe’s lights on. With vast solar fields and powerful Atlantic winds, the North African kingdom claims…
SWIFT and Top Global Banks Working on blockchain-based Overhaul
Global financial messaging network SWIFT and more than 30 global banks announced on Monday they were now working “at pace” on making cross-border payments instantaneous…
China Unveils $70 Billion Financing Tools to Bolster Investment
China will deploy policy-based financial tools to the value of 500 billion yuan ($70.25 billion) to accelerate investment projects, the state’s planner said on Monday,…
Kingdom of Morocco and UNDP launches a new facility to help accelerate digital transformation in the Arab States region and Africa
In a high-level event on the sidelines of the 80th United Nations General Assembly (UNGA-80), the Kingdom of Morocco launched its new Digital for Sustainable…
The bacteria turning waste plastic into painkillers
Earlier this year an extraordinary new way of using waste plastic made headlines. A common bacterium was genetically engineered to eat a plastic-derived molecule and…
Hackers contact Harrods after 430,000 customer records IT breach
Luxury department store Harrods has been contacted by hackers after data relating to 430,000 customer records was stolen in an IT breach. Harrods said it…