03/07/2024
is reportedly planning to invest $2.4 billion to build a data center in , adding to the series of investments by the tech giant in the country this year.
For more details: 🔗 https://on.forbesmiddleeast.com/8mhj
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03/07/2024
's greenhouse gas emissions rose in 2023 amid higher energy consumption in data centers driven by artificial intelligence ( ), posing a challenge to the tech giant's goal to achieve net zero emissions by 2030.
For more details: 🔗 https://on.forbesmiddleeast.com/080y
03/07/2024
Indian crypto-exchange CoinDCX acquires Dubai-based BitOasis & ADNOC Drilling wins $733 million contract for three rigs at Zakum Field, on the with Ramia Farrage
BitOasis ADNOC Group Dr. Soliman Fakeeh Hospital-Jeddah
03/07/2024
Business conditions in the non-oil private sectors of the , , and showed slower growth in June amid higher input prices.
For more details: 🔗https://on.forbesmiddleeast.com/c70ca3
03/07/2024
Saudi non-oil business activity drops to lowest in 2.5 years & UAE non-oil private sector growth slowest in 16 months, on the with Ramia Farrage
OPEC
02/07/2024
Talaat Moustafa Group investing $21 billion in Egypt’s North Coast SouthMED development & Dar Global partners with Trump Organization to bring Trump Tower to Jeddah, on the with Ramia Farrage
Talaat Moustafa Group DarGlobal Qatar Airways
02/07/2024
-based United plans to invest $200 million in to strengthen its efforts to innovate, create more entertainment technology offerings, and diversify its visual effects business.
For more details: 🔗https://on.forbesmiddleeast.com/9ba938
02/07/2024
Group has reported the strongest financial performance in its 27-year history, achieving a record net profit of $1.7 billion for the fiscal year ending June 30, 2024.
For more details: 🔗https://on.forbesmiddleeast.com/deb793
02/07/2024
The Global Peace Index 2024 ranks 163 independent states and territories. Over the last year, 65 countries made improvements in peacefulness, while 97 countries recorded deteriorations, the highest number since the index's inception in 2008.
Here are the most peaceful countries in the region.
📸: Shutterstock
02/07/2024
Cherishing the memories of the second edition of the Forbes ME Healthcare Summit where wellness and health took center stage. Get ready for an exhilarating third edition!
📸 Forbes Middle East
’sNext?
02/07/2024
Saudi PIF’s profit hits $36.8 billion in 2023 after 2022 loss & Egyptian consortium importing American shale amid gas shortage, on the with Ramia Farrage
Public Investment Fund
01/07/2024
's new ad-free subscription model for and sparked multiple complaints over privacy concerns. The European Commission’s preliminary view is that the model "fails to comply" with the Digital Markets Act (DMA).
01/07/2024
Yahsat selects SpaceX to launch two satellites for $1.1 billion & Arada Developments lists US$400 million Sukuk on Nasdaq Dubai, on the with Ramia Farrage
Yahsat Arada ADNOC Group Masdar Valu
01/07/2024
A consortium consisting of BP, Masdar, Hassan Allam Utilities, and Infinity Power has entered into a deal to explore the development of a multi-phase green hydrogen project in .
For more details: 🔗https://on.forbesmiddleeast.com/kf26
01/07/2024
Passengers and crew of British Airways flight BA149, taken hostage during the First Gulf War in in 1990, are suing both the government and the airline for compensation reportedly up to $213,000 each.
For more details: 🔗 https://on.forbesmiddleeast.com/c7b151
01/07/2024
's has selected to launch its advanced new geostationary satellites, Yah 4 and Al Yah 5, in 2027 and 2028 at a total cost of $1.1 billion.
For more details: 🔗https://on.forbesmiddleeast.com/1eab96
01/07/2024
Boeing buying parts manufacturer Spirit AeroSystems for $4.7 billion to ease safety concerns & BlackRock buying UK data firm Preqin for $3.2 billion, on the with Ramia Farrage
01/07/2024
L&S has placed orders with shipyards Samsung Heavy Industries and Hanwha Ocean for eight new carriers worth up to $2.5 billion.
For more details: 🔗https://on.forbesmiddleeast.com/l966
30/06/2024
Saudi Aramco has awarded contracts worth over $25 billion to launch the second phase of development at the Jafurah gas field and the third phase of expanding its main gas network.
For more details: 🔗 https://on.forbesmiddleeast.com/49b19f
30/06/2024
Gulf International Bank has announced the issuance of a $500 million five-year bond under its Euro Medium Term Note program.
For more details: 🔗 https://on.forbesmiddleeast.com/bccc5a
30/06/2024
Remittance flows to the MENA region saw a steep drop of 15% to $55 billion in 2023, primarily due to a sharp decline in flows to Egypt.
For more details: 🔗 https://on.forbesmiddleeast.com/09b1aa
30/06/2024
The Sovereign Fund of has signed four agreements for green ammonia projects with European developers, committing to a $33 billion investment.
For More details: https://on.forbesmiddleeast.com/67f2f7
30/06/2024
's net flow of foreign direct investment rose by 5.6% to $2.5 billion in the first quarter of 2024.
For More Details: https://on.forbesmiddleeast.com/7dba8c
30/06/2024
The first edition of the Forbes Middle East Sustainability Leaders’ Summit showcased sustainability with unmatched energy and commitment to the cause. A highlight of the event was 'The Sustainable Fashion Show,' featuring seven visionary brands that unveiled the future of fashion by seamlessly merging eco-consciousness with elegance. Audiences were spellbound by the brands' aesthetic and environmentally friendly approaches. With the first edition leaving a lasting impression, brace yourselves for the second edition of the Sustainability Leaders' Summit, packed with even more surprises. Don't miss out on what promises to be yet another extraordinary experience!
’sNext?
🎥: Forbes Middle East
30/06/2024
Producing a hit TV series like The Bear was once a path to serious riches for its cast and creators. But in another massive entertainment shift, developing groundbreaking shows is worth hundreds of millions less than it used to be.
https://on.forbesmiddleeast.com/676b27
29/06/2024
These top 10 football coaches have made a collective investment of $15.1 billion in player transfers, with Pep Guardiola, the manager of Manchester City, leading the way with a staggering $2.2 billion spent
29/06/2024
signed four financing agreements worth $313 million funded by grants from the . Here are more details.
For More Details: https://on.forbesmiddleeast.com/0c5452
29/06/2024
European companies have entered into investment agreements potentially exceeding $43 billion with , according to European Commission (EC) President Ursula von der Leyen.
For More Details: https://on.forbesmiddleeast.com/27173f
29/06/2024
Shop has gained even more traction since the president signed a law that may ban TikTok early next year. But if it goes away, Chinese e-commerce giants Temu and Shein could be the biggest winners.
For more details: 🔗https://on.forbesmiddleeast.com/71yo
29/06/2024
Norway-based raised $3 million in initial pre-seed funding led by VC firm SNÖ Ventures and Coatue.
For more details: 🔗https://on.forbesmiddleeast.com/4cf18a
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Videos
As global temperatures continue to rise, tourists are flocking to northern European countries to escape the summer heat during their vacations. #Forbes
Evening Brief 03-07-2024 | Indian crypto-exchange CoinDCX acquires Dubai-based BitOasis
Indian crypto-exchange CoinDCX acquires Dubai-based BitOasis & ADNOC Drilling wins $733 million contract for three rigs at Zakum Field, on the #DailyBrief with Ramia Farrage #Forbes #India #CoinDCX #Dubai #AbuDhabi #Dollar #SaudiArabia #Türkiye #inflation #EU #ITA #Lufthansa #US #Volkswagen #Adani #Biden #Trump BitOasis ADNOC Group Dr. Soliman Fakeeh Hospital-Jeddah
The Food and Drug Administration (#FDA) approved donanemab Eli Lilly’s Alzheimer’s drug after an 18-month trial showed it could significantly slow cognitive decline. #Forbes
Midday Brief | 03-07-24 | Saudi non-oil business activity drops to its lowest level in 2.5 years
Saudi non-oil business activity drops to lowest in 2.5 years & UAE non-oil private sector growth slowest in 16 months, on the #DailyBrief with Ramia Farrage #Forbes #SaudiArabia #UAE #OPEC #Oil #Paramount #Tesla #Billionaires #ElonMusk #Hyundai #EV #China #Caixin #Google #AI OPEC
Evening Brief 02-07-2024| Talaat Moustafa Group investing $21 billion in Egypt’s North Coast SouthMED development
Talaat Moustafa Group investing $21 billion in Egypt’s North Coast SouthMED development & Dar Global partners with Trump Organization to bring Trump Tower to Jeddah, on the #DailyBrief with Ramia Farrage #Forbes #Egypt #Dollar #Dubai #SaudiArabia #Trump #AbuDhabi #Airbus #CebuPacific #Eurozone #Inflation #ECB #Tesla #China #EV #Billionaires #ElonMusk #OECD #FAO Talaat Moustafa Group DarGlobal Qatar Airways
Midday Brief | 02-07-24 | The Public Investment Fund swings to profit in 2023 after its 2022 loss
Saudi PIF’s profit hits $36.8 billion in 2023 after 2022 loss & Egyptian consortium importing American shale amid gas shortage, on the #DailyBrief with Ramia Farrage #Forbes #SaudiArabia #Oil #US #Egypt #Gas #BYD #China #EV #Tesla #Dollar #WorldBank #Ariane6 Public Investment Fund
Meta’s Ad-Free Subscription Model Faces Backlash From EU
#Meta's new ad-free subscription model for #Facebook and #Instagram sparked multiple complaints over privacy concerns. The European Commission’s preliminary view is that the model "fails to comply" with the Digital Markets Act (DMA). #Forbes
Evening Brief 01-07-2024 | Yahsat selects SpaceX to launch two new satellites
Yahsat selects SpaceX to launch two satellites for $1.1 billion & Arada Developments lists US$400 million Sukuk on Nasdaq Dubai, on the #DailyBrief with Ramia Farrage #Forbes #AI #SpaceX #Dollar #Dubai #SouthKorean #LNG #Egypt #MENA #France #Europe #EuroZone #Meta #EU #Facebook #Instagram #Billionaires Yahsat Arada ADNOC Group Masdar Valu
Around 1.4 billion women reside in countries where economic violence is not acknowledged, leaving them exposed to exploitation and abuse, according to the #UN. #Forbes
Midday Brief | 01-07-24 | Boeing to buy its parts manufacturer for $4.7 billion dollars, to ease safety and quality concerns
Boeing buying parts manufacturer Spirit AeroSystems for $4.7 billion to ease safety concerns & BlackRock buying UK data firm Preqin for $3.2 billion, on the #DailyBrief with Ramia Farrage #Forbes #Boeing #Airbus #US #BritishAirways #UK #Oil #OPEC #BlackRock #Google #China #Asia #InsideOut
The first edition of the Forbes Middle East Sustainability Leaders’ Summit showcased sustainability with unmatched energy and commitment to the cause. A highlight of the event was 'The Sustainable Fashion Show,' featuring seven visionary brands that unveiled the future of fashion by seamlessly merging eco-consciousness with elegance. Audiences were spellbound by the brands' aesthetic and environmentally friendly approaches. With the first edition leaving a lasting impression, brace yourselves for the second edition of the Sustainability Leaders' Summit, packed with even more surprises. Don't miss out on what promises to be yet another extraordinary experience! #ReadyforWhat’sNext? #StayTunedforMore 🎥: Forbes Middle East
#AQuietPlaceDayOne debuted in the top spot on Friday, bringing in $22.5 million and knocking #InsideOut2 into second place. #Forbes
The National Transportation Safety Board (#NTSB) has warned Boeing that it could lose its status as a party to the probe after the company disclosed non-public information to the media. #Forbes
Evening Brief | 28-06-24 | Al Mal Capital REIT acquires Carnation Education And the IMF urges the US to raise taxes and cuts its GDP growth forecast
Al Mal Capital REIT acquires Carnation Education & IMF urges US to raise taxes and cuts GDP growth forecast to 2.6%, on the #DailyBrief with Ramia Farrage #Forbes #Dubai #IMF #US #Economy #EU #HP #Dollar #AI #UK #Monaco #Venezuela #Toyota #EV #China #WarrenBuffett #Billionaires Masdar
Local Insights in partnership with GBM
Discover the transformative impact of AI through the lens of banking and enterprise on Local Insights, in partnership with GBM. Explore the potential of AI featuring industry leaders as they share the latest trends and insights. Sally Mousa سالي موسى #Forbes 🔗 Watch the episodes: https://on.forbesmiddleeast.com/abp4
The global market for carbon dioxide removal credits could potentially reach up to $100 billion a year between 2030 and 2035, according to #OliverWyman. #Forbes
Midday brief 28-06-2024| Aramco reportedly taking 10% stake in Renault and Geely JV
Aramco reportedly taking 10% stake in Renault and Geely JV& US senate probing American oil giants on price collusion with OPEC, on the #DailyBrief with Ramia Farrage #Forbes #Renault #Geely #US #SaudiArabia #Oil #Nike #Nokia #China aramco OPEC
Despite generating millions of dollars on the international leg of her Eras Tour, many economists are questioning the effect of Taylor Swift’s "Swiftonomics" on the economy. #Forbes #TaylorSwift
Music Superstar Jason Derulo opens up about one of the darkest periods of his life, being overlooked by the music industry despite massive global success, the secret to his meteoric rise, and the real meaning of love. He also tells us where he’ll be shifting focus in 2025. Only on Power Play with Sally Mousa. Sally Mousa سالي موسى Jason Derulo Check out the full episode here: https://youtu.be/14Wy_ZYvn1M
Evening Brief 27-06-2024 | France’s San-Goban is set to buy Dubai-based FOSROC for $1 billion dollars
Saint-Gobain buying Dubai-based FOSROC for $1 billion & H&M shares drop 14% despite a 52% surge in Q2 profit, on the #DailyBrief with Ramia Farrage #Forbes #Dubai #SpaceX #Billionaires #JeffBezos #Boeing #Norway #US Fosroc International Limited
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