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Forbes Middle East

Forbes Middle East

ARTICLES

10 months ago

ABB wins $79m order for Bab onshore project in Abu Dhabi

ABB has been awarded an integrated automation, electrification and telecommunication order in Q2 2018, valued at US$79 million, for the upgrade of the Bab Onshore Field in Abu Dhabi, by China...
10 months ago

B.R. Shetty’s Finablr Takes Majority Stake in Digital Gifting Platform Swych

Finablr, a financial services holding company created by Abu Dhabi-based billionaire B.R. Shetty, has secured a majority stake in Swych, a U.S. headquartered digital gift card platform. Although...
10 months ago

Middle East Ultra-Rich Are Spreading Their Investments

An improving global economy has seen the number of ultra-wealthy individuals rise significantly in recent years. So, where are the region’s rich investing their capital? Despite volatile...
10 months ago

Spotify Finally Launches In The MENA

The world’s most popular paid music streaming service Spotify has finally launched its services in the Middle East and North Africa (MENA) region. The Swedish company announced that the streaming...
10 months ago

Rare Pink Diamond Sells For Record Shattering $50 Million

A remarkable large Pink diamond sold yesterday for a record-breaking $50 million in the Magnificent Jewels sale at Christie’s in Geneva. A legacy of the Oppenheimer family, who ran the De Beers...
10 months ago

Thailand’s Indorama Ventures Acquires 74% Stake In Egypt’s Medco Plast

Thai petrochemical company Indorama Ventures has acquired 74% of the share capital of Egyptian firm Medco Plast for Packing and Packaging Systems for $47 million (EGP 843 Million). The Middle East...
10 months ago

Why Innovation Is Important In The Oil And Gas Industry

Innovation is a hot topic in the oil and gas (O&G) industry these days. The favorable business conditions of the 90s have changed and the industry is falling behind similar industries such as...
10 months ago

Valuation Aspects That Are Often Overlooked

Valuations are becoming even more challenging in the current economic climate which means that aspects of valuations would need to be considered more carefully. In particular, situations such as...