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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

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
Business GCC UAE

The Sharjah Prize in Public Finance Holds An Introductory Seminar in Cooperation with the Ministry of Economy and Finance

Sharjah, United Arab of Emirates — The Central Finance Department held an introductory symposium in the Kingdom of Morocco on the second edition of the Sharjah Prize in Public Finance, as part of its plan and agenda for organizing a series of seminars for the second phase, which will end this month. The symposium opened […]
Tech GCC UAE

2023, A Landmark Year for Paytech in the UAE

DUBAI (19 Jan):  The fintech industry in the UAE is experiencing a momentous growth, driven by a favorable business environment, the increasing adoption of digital technologies, and the government’s efforts to promote innovation in the financial sector. According to Statista the digital payments market in the UAE is estimated to surpass 7.90
Business NEWS DESK Tech

Milestone Systems banks on enhanced channel partnerships in MENAT region in 2023

Arnold Pinto
Firmly established as a partner-centric company Milestone Systems (Milestone) coasts into 2023 primed and ready to meet the ever-growing demand for data-driven video management solutions in the MENAT (Middle East, North Africa and Turkey) region through its extensive network of resellers, system integrators, security specialists and service providers. Commemorating its
Tech Business

Masdar City, MBZUAI, and The Catalyst join hands

A new partnership between Masdar City, Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), and The Catalyst, the region’s first clean technology startup accelerator, aims to drive the growth of artificial intelligence (AI), clean tech, and smart city technology, including autonomous transportation, throughout the region. Mohamed Al Breiki, the executive
Business GCC Saudi Arabia

Global energy security depends on geopolitical stability – Saudi Foreign Minister tells WEF23

Davos, Switzerland — Geopolitical stability is “absolutely key” to global energy security, Saudi’s Foreign Minister told the World Economic Forum’s 2023 Annual Meeting in Davos on Tuesday. During a high-level panel titled ‘Keeping the Lights amid Geopolitical Fracture’, His Highness Prince Faisal bin Farhan Al Saud, Saudi Arabia’s Minister of Foreign Affairs, emphasized