The Latest Breaking News from MENA

The Industrialization and Energy Service Company (TAQA) announced the closure of its 100 percent acquisition of al-Mansoori Petroleum Services, expanding TAQA Well Solutions business internationally. The acquisition is funded by a capital increase led by TAQA's existing significant shareholders. The investment brings to TAQA a long-established, well-diversified MENA-based business with…

US government panel recommends adding box on Census to count people from the Middle East and North Africa region.

Saudi Arabia is seeking to attract substantial global investments in advanced technologies, especially in NEOM. A recent study indicated that the metaverse was the next generation of the internet, potentially heralding a new virtual, interconnected reality seamlessly woven into the world. The paper, "Creating a New Reality: The Metaverse in…

Americana Restaurant International, the largest quick service restaurant operator in the MENA region, announced Wednesday its plans to sell 30 percent of its share capital in an initial public offering (IPO) and dual-list on stock markets in Saudi Arabia and Abu Dhabi. Adeptio Investments AD Ltd., the selling shareholder, intends…

The Marrakech International Film Festival committee has unveiled the list of films partaking in the official contest of its 19th edition scheduled between November 11 and 19. The films represent 14 countries including four in Europe (France, Portugal, Switzerland, and Sweden), two from Latin America (Brazil and Mexico), four from…

The Saudi Research and Media Group (SRMG), the MENA region's largest media group, entered into a long-term partnership with Warner Bros.

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) revealed concluding a $3.8 billion strategic project to power and decarbonize ADNOC's offshore production operations. Together with a consortium comprised of Korea Electric Power (KEPCO), Kyushu Electric Power Company (Kyuden) and Électricité de France (EDF) (the…

The two-day MENA Attractions & Destinations Forum 2022 is scheduled to be held on September 28 in Dubai to explore upcoming cultural and leisure projects, and ways to drive growth for the tourism sector, Emirates News Agency (WAM) reported Saturday. “The interactive forum will host over 300 international and regional…

Saudi Aramco and Cognite have launched CNTXT, a joint venture based in Riyadh to support industrial digitalization of the Kingdom and the wider MENA region. CNTXT will provide digital transformation services enabled by advanced cloud solutions and leading industrial software.

The Saudi Research and Media Group (SRMG), one of the largest global media groups in the Middle East, said it is partaking in the Cannes Lions International Festival of Creativity for the first time, showcasing the best and brightest MENA media creators. Now in its 68th edition, the Cannes Lions…

Saudi Arabia's sovereign wealth fund, the Public Investment Fund, said on Sunday it will buy a 23.97% stake in Capital Bank Group, one of the largest banking groups in Jordan, Iraq and the Middle East and North Africa (MENA) region. PIF will pay $185 million for the stake, by buying…