In MENA, the AOV grew from $30 in 2023 to $35.60 in 2024, with the UAE showing a rise from $89 to $102 and Saudi Arabia from $49.60 to $52.50. Online gaming topped product categories for order growth …
Gulf sovereign wealth funds drive $36bn+ mega-deal boom as UAE, Saudi buck global M&A slowdown
The Gulf region emerged as a dominant force in global mergers and acquisitions in 2024, with sovereign wealth funds from Saudi Arabia and the UAE leading a surge in mega-deals across energy, technology and manufacturing sectors.
Gulf sovereign wealth funds drive $36bn+ mega-deal boom as UAE, Saudi buck global M&A slowdown
The Gulf region emerged as a dominant force in global mergers and acquisitions in 2024, with sovereign wealth funds from Saudi Arabia and the UAE leading a surge in mega-deals across energy, technology and manufacturing sectors.
Egypt’s Khazna banks $16M for its financial super app and expansion into Saudi Arabia
Khazna, a financial super app for underserved communities in Egypt, raises $16 million pre-Series B bringing its total funding to $63 million.
Pakistan seals $1.2 billion Saudi oil deal
Pakistan and Saudi Arabia on Monday signed a deal for $1.2 billion loan to buy oil on deferred payments, bridging the foreign funding gap that was earlier identified by the International Monetary Fund …
Liferay reaffirms steadfast commitment to Saudi Arabia’s open-source digital strategy at LEAP 2025
Liferay’s cloud powered Digital Experience Platform, complemented by a Bring your own AI (BYOAI) approach, aligns with LEAP 2025’s ‘Into New Worlds’ theme …
Trump’s Bid for More Oil Is a Hard Sell for Allies in U.S., Saudi Arabia
The president says lower prices could solve a range of problems, but finds early resistance in the oil market.
Non-oil activities account for 52% of Saudi Arabia’s GDP in 2024, says finance minister
Finance Minister Mohammed Al-Jadaan stated that non-oil activities accounted for 52% of Saudi Arabia’s real GDP in the third quarter of 2024, driven by private sector investment and exports.He also …
Pakistan announces important update for Hajj 2025 pilgrims
For the year 2025, Pakistan’s total Hajj quota has been set at 179,210 pilgrims, with an equal distribution between the government and private sectors, allocating 89,605 seats to each. Saudi Arabia …
Ramadan 2025: E-commerce, social media drive shopping trends in UAE, Saudi Arabia
The report highlights that groceries and daily essentials remain the top spending category for UAE, Saudi consumer …