Saudi PIF secures $5 billion financing in collaboration with K-SURE
Riyadh, Saudi Arabia -- The Public Investment Fund (PIF) and Korea Trade Insurance Corporation (K-SURE) have announced the signing of...
Business
Mubadala invests in Aligned
Business
e& H1 net profit $1.27bn
Business
JABEEN signs contracts with Retal, Abyatna
The firms will build primary and secondary infrastructure works.
Business
Digital tool launched to help UAE SMEs boost digital reach
Chamber members can set and verify their business profiles on Google Search and Maps The tool can generate a customized...
Oil prices extend gains after OPEC+ talks fail, equities mixed
Brent broke above $77 for the first time since 2018 Breakdown of talks raises the possibility of $100 a barrel...
Saudi Aramco finance chief who steered listing steps down
 Ziad al-Murshed named as the chief financial officer The IPO was a key part of the plans to open up...
BisB launches redesign with the Riffa Innovation Hub
The Hub has a digital floor with self-service machines and digital services Customers can do card-less cash withdrawals or deposits,...
White House frets anxious about high oil prices
Jen Psaki says there is enough production capacity globally US crude production peaked in Jan 2020 at nearly 13m bpd...
Emiratis can’t travel to 14 countries on UAE’s no-go list
Many individuals such as diplomatic missions exempted Cases of Delta variant have been found in many countries Seeking to keep...
Saudi forces shoot down Houthi armed drone
OIC condemns the militia's unending attacks as terrorism Iran accused of providing rockets and missiles to Houthis Saudi air defenses...
Saudi Arabia forbids travel to and from UAE, Ethiopia, Vietnam
Ban to ensure the variant is kept out of the kingdom All travelers to the kingdom will have to undergo...
Saudi Arabia set to launch new airline targeting international flyers
The new airline is expected to carry people between nations within the region like Emirates, Qatar Airways Saudi airlines mostly...
Iran fears Covid variant outbreak could hit it harder
Official data put Covid toll in Iran at 84,000 Tehran, nine other cities highest-risk places Iran has struggled to keep...
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Saudi PIF secures $5 billion financing in collaboration with K-SURE
Riyadh, Saudi Arabia -- The Public Investment Fund (PIF) and Korea Trade Insurance Corporation (K-SURE) have announced the signing of...
Business
Company News
Mubadala invests in Aligned
Business
e& H1 net profit $1.27bn
Business
Latest News
SABIC AN profit slumps 71% in H1
Business
Fahd al-Jarallah appointed new Kuwait FM amid economic challenges
Kuwait City, Kuwait -- Kuwait Sunday announced the appointment of Fahd Abdulaziz al-Jarallah as the new Finance Minister. This decision...
Geostrategy
Tech’s carbon footprint: can AI revolutionize responsibly?
The planet's 8,000 or so data centers are the foundation of our online existence, and will grow ever further with...
Business
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Business
Saudi first quarter travel balance of payments surplus $6 billion
Riyadh, Saudi Arabia -- Saudi Arabia achieved a surplus of SAR 22.8 billion ($6.07 billion) in the balance of payments...
- The Kingdom had recorded a deficit of SAR 1.6 billion in Q1 2022, the Kingdom's Ministry of Tourism said.
- Incoming tourism revenues increased by about 225 percent compared to the first quarter of 2022, to reach about SAR 37 billion.
Business
SABIC-Sinopec China plant opens
The plant is located in their jointly owned petrochemical firm.
- Sinopec SABIC Tianjin Petrochemical Company, established in 2009, consisting of nine manufacturing units.
- The production capacity of the new polycarbonate factory is 260,000 tons per year.
Business
Saudi Arabia’s consumer spending hits $27bn in July: Central Bank
Riyadh, Saudi Arabia -- Consumer spending in Saudi Arabia increased 2 percent to SAR 104.6 billion ($27.88 billion) in July 2023, from...
- Data showed 745.9 million transactions were processed through 1.64 million POS devices in July.
- POS transactions represent what consumers spend using their ATM and credit cards in shopping malls, retail stores, pharmacies, etc.