Investment lessons: Outbound Middle East capital seeks emerging asset classes

The considerable levels of dry powder available across the Middle East is expected to target diversification opportunities and long-term higher returns

Citigroup names Antonios as first female head of MENA business

She will continue as country officer for the UAE, a role she assumed in 2016

Saudi forces destroy armed drone targeting ‘civilians’ in the kingdom

Saudi has seen a string of attacks launched by the Houthis in recent months

Abu Dhabi sheikh buys stake in Israel’s Beitar soccer club

The money will be used to invest in the club’s infrastructure as well as help purchase players

Saudis raise crude price to Asia as vaccines buoy oil market

Aramco also increased pricing for light crude grades to the Mediterranean region

How digital transformation can prove to be a catalyst for rebooting MEA economies

Organisations will need to examine their business closely and give digital transformation a whole new meaning

Dubai’s Emirates to reopen worldwide lounges, starting with Cairo

Emirates has introduced additional health and safety measures, which will be rolled out across all destinations

FedEx Express launches new route between UAE and Israel to strengthen ties

The route will support customers, particularly small-to-medium enterprises

Bahrain’s Investcorp invests in India’s Xpressbees

Xpressbees has a presence across more than 2,000 towns and cities in India

Turki Al Malki, Saudi coalition

Saudi forces destroy armed drone launched towards civilian targets in the kingdom

The attack, launched on Wednesday, targeted the kingdom’s southern region

Dubai’s Emirates ramps up A380 flights; adds services to UK and Russia

Emirates is expanding its services to the UK following the establishment of UK-UAE air corridor

Bahrain’s Investcorp acquires cereal and coffee company Viz Branz

Viz Branz has approximately 1,300 employees with manufacturing facilities and operations in China and Myanmar

World hunger problem means some nations risk famine, UN says

Food insecurity is rising globally

Multiple shots fired at Saudi embassy in Netherlands

No injuries were reported

Saudi oil giant pitches gas to China in cleaner-fuels push

Aramco is the world’s largest oil exporter

Oil extends gains on signs OPEC+ edging toward keeping cuts

The producer group is considering keeping additional supply off the market for three to six months

Bahrain’s Investcorp sells eight US properties for over $900m

The properties were garden and townhome-style apartment buildings located in major metropolitan areas

FAA poised to lift Boeing 737 Max jet’s grounding next week

Commercial flights wouldn’t begin immediately after the FAA approves the plane for service

In pictures: First passengers make maiden voyage in hyperloop pod to mark testing milestone

Josh Giegel, co-founder and chief technology officer, and Sara Luchian, director of passenger experience, were the first people to ride

Bahrain’s Investcorp invests in Wuhan’s medical testing group, Kindstar

Kindstar offers patients and physicians access to advanced specialty testing services

Abu Dhabi wealth fund culls Japan team, seeking new growth focus

It will continue to invest in Japanese equities but only through its external managers

Blockchain app may solve Covid-19 virus passport puzzle

Blockchain technology will help create digital vaccination certificates

US election update: Biden’s tightest path may run through Nevada

Democratic nominee Joe Biden needs a win in one more state provided that other race calls stand

Exclusive: UAE-Israel Business Council co-founders on what comes next after the peace deal

The peace deal will alter the bilateral economic landscape and much more, opine co-founders Fleur Hassan Nahoum and Dorian Barak

Tesla Electric Vehicle

The rise of electric mobility in the Middle East – time to make the switch?

The International Energy Agency’s Global EV Outlook 2020 report found that sales of electric vehicles topped 2.1 million globally in 2019

ADIA, PIF invest $1bn in Reliance’s fiber-optic assets

Both ADIA and PIF are repeat investors in Ambani’s conglomerate after plowing billions in his digital and retail units earlier this year

Ghosn says French investigators will quiz him in Lebanon in 2021

Ghosn was arrested in Tokyo almost two years ago and escaped to Lebanon in December

Turkey: Search, rescue work continues after earthquake

Rescuers seek survivors as Aegean earthquake toll rises

President Recep Tayyip Erdogan said at least 37 people were killed while 885 were injured

UAE joins Global Ocean Alliance to achieve 30by30 conservation target

The UAE is the first Middle Eastern country to endorse the target

Electric-car mania turns battery makers into power brokers

A handful of companies based in China, Japan and South Korea, make automotive-grade battery cells, which has upset the traditional dynamic between carmakers and parts suppliers