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News

Stay informed with MENews247‘s News coverage. Your primary source for breaking news, comprehensive analyses, and in-depth reporting from across the Middle East.

From political developments in Riyadh to economic updates in Dubai, cultural events in Beirut, and beyond, get your 24/7 update on the most important stories shaping the region. MENews247.com is your trusted guide to understanding the complexities and dynamism of the Middle East.

Business

Magnom Properties and Forbes announce partnership

Davos, Switzerland; January 20, 2023: Solidifying a commitment to long-term sustainability, Magnom Properties and Forbes joined hands at the 53rd Annual Meeting of the World Economic Forum (WEF) in Davos, Switzerland, to announce their plans to build an innovative, environmentally responsive tower set in the heart of the rising New Administrative Capital in Cairo, Egypt.
Tech

Acronis’ End-of-Year Cyber Threats Report

Between July and October, Acronis found that the proportion of phishing attacks has risen by 1.3x, accounting for 76% of all attacks – an 18% increase from a previous Acronis report released earlier this year Dubai, United Arab Emirates, January 18, 2023 – Acronis, a global leader in cyber protection, released its latest cyberthreats and […]
Business GCC UAE

UTI celebrates 60th anniversary in Dubai

Dubai – January 19, 2022: One of India’s largest and oldest Asset Management companies, UTI Asset Management Co. LTD (UTI-AMC), today said investors from the Middle East and North Africa (MENA) region have a huge opportunity in the surging growth of India with the country’s economy on its way to being a US$5 trillion economy. […]
Business GCC Saudi Arabia

Saudi Arabia is creating a global model for economic resilience and collaboration

Davos-Switzerland. — The rapid economic transformation of Saudi Arabia and its global role in bringing near-term stability while driving long-term transformation was the subject of a high-level panel on the third day of the World Economic Forum at Davos. The session, titled “Saudi Arabia’s Transformation in a Changing Global Context”, featured four speakers from the
Business

Masdar City and ADGM sign strategic agreement

Abu Dhabi, January 19, 2023: Masdar City, Abu Dhabi’s flagship sustainable urban community and innovation hub, and the Abu Dhabi Global Market (ADGM) have signed a strategic Memorandum of Understanding (MOU) to strengthen foreign investment in Abu Dhabi and support innovation that enhances the UAE’s economic competitiveness. The agreement was signed by Ahmed Baghoum, the
Business

PROVEN Arabia signs Memorandum of Understanding with Sa3ee

Dubai, UAE, Januaray 19, 2023: PROVEN Arabia, one of the leading business outsourcing organizations in Saudi Arabia, announced it has signed a Memorandum of Understanding (MoU) with Sa3ee, a non-profit organization for rehabilitation and employment for citizens with disabilities. The objective of the MoU is to enrich employment opportunities for people with special needs
Business GCC Saudi Arabia

Saudi Fund for Development expands operations in the Caribbean countries with agreement to fund expansion project of University of the West Indies at Five Islands in Antigua and Barbuda

Saint John’s, Antigua and Barbuda — The Saudi Fund for Development (SFD) CEO, Mr. Sultan Al-Marshad, and Honorable Gaston Browne, Prime Minister of Antigua and Barbuda, signed an $80 million financing agreement for the expansion project of the University of the West Indies at Five Islands (UWI) in Antigua and Barbuda. The agreement represents a […]
Hospitality

IHG to open first Holiday Inn hotel in Lahore, Pakistan

Dubai, United Arab Emirates, 19th January 2023:  IHG® Hotels & Resorts, one of the world’s leading hotel companies, with presence in more than 100 countries, has announced the signing of a management agreement with Pakistan-based real estate development company Delta Centauri Pvt. Ltd (part of Providential Group) for its first “Holiday Inn hotel”, in Lahore,
Sport

Maserati MSG Racing enters new era in Mexico City

Maserati MSG Racing completes first race of Formula E’s Gen3 era The Race In Numbers Edoardo Mortara Free Practice One // P6 Free Practice Two // P19 Qualifying // P16 [1:13.618, Group B] Race // DNF Positions Gained // N/A Fastest Lap // 1:14.648 Championship Position // P19 [0 points] Maximilian Günther Free Practice One […]
Real Estate GCC UAE

Espace Real Estate Spearheading Robust Expansion In Dubai With Positive Outlook for 2023

Justin Froes
John Lyons, Managing Director of Espace Real Estate says, “As primarily a secondary-homes brokerage, in the past year we have experienced a 37% increase in buyer registrations in comparison to 2021. Property listings have slowed down by 17%, indicating that robust demand outstrips supply in Dubai's vibrant real estate sector. As demand for Dubai Real Estate shows no signs