Dubai Fintech Stake Raises $14M from Mubadala, Saudi Aramco’s Wa’ed, and MEVP
Dubai-based fintech startup Stake has secured a significant $14 million in a Series A funding round. Leading the investment is MEVP (Middle East Venture Partners),…
Dubai-based fintech startup Stake has secured a significant $14 million in a Series A funding round. Leading the investment is MEVP (Middle East Venture Partners),…
The Sultanate of Oman achieved a 7% increase in total electricity generation, reaching 8,152.3 gigawatts per hour (GWh) by the end of March 2024. This…
In a significant development at the June 2nd OPEC+ ministerial meeting, the United Arab Emirates (UAE), OPEC’s fourth-largest producer, successfully negotiated a higher production quota.…
The Middle East’s energy landscape is undergoing a significant transformation, with renewable sources like solar and wind projected to surge and surpass fossil fuels in…
With three distinct component units, the expansive Al-Zour refinery emerges as a cornerstone of the Middle East’s refining landscape. This week, Kuwait proudly announced a…
Kuwait signed agreements to purchase 500 megawatts (MW) of electricity on Sunday through the Gulf Cooperation Council Interconnection Authority (GCCIA). The agreements cover 300 MW…
Saeed Mohammed Al Tayer, MD and CEO of the Dubai Electricity and Water Authority (DEWA), met with a high-level delegation from PowerChina to discuss potential…
Companies from the UAE, China, Japan, Switzerland, and Spain are competing for Iraq’s Baghdad Metro project, estimated at $2.5 billion. The National Investment Commission (NIC)…
The Energy Minister of the Gulf emirate stated on Wednesday that Qatar plans to finalize new long-term liquefied natural gas (LNG) supply contracts this year…
Etihad Rail, Oman Rail, and Mubadala Investment Company have officially entered into a shareholder agreement for the Omani-Emirati railway network, marking the initiation of construction…