Abu Dhabi’s financial sector surges 30% in Q2, non-oil growth 12%
Abu Dhabi, UAE -- The financial sector in the UAE has experienced a surge of 30 percent in the second...
Business
Bank of Sharjah joint lead manager for $350m Ittihad sukuk
SHARJAH, UAE - Bank of Sharjah announced its selection as joint lead manager and bookrunner in the debut US$350 million...
Business
Emirates’ deal with Travelport could make flights cheaper
 Emirates will distribute its NDC content via Travelport+ The firms also extended their longstanding IT agreement Dubai-based carrier Emirates was...
Lebanon army to offer tourists paid helicopter joyrides
Up to three people would be allowed aboard per flight Lebanon's economic crisis has hit its military hard The Lebanese...
Israel strikes Gaza after Hamas fire balloons
Security sources with Hamas said the strikes hit training sites Israel said incendiary balloons launched from Gaza sparked four minor...
Blackouts hit Iraq as mercury soars 52°C
4 southern provinces without electricity since Tuesday Sizzling temperatures made worse by high levels of humidity When the mercury soared...
Swimmable billboard in Dubai to promote swimwear collection
The billboard is made of reinforced transparent acrylic It took a team of team of 32 people to build the...
Saudi Arabia prods tech, industrial firms to list on Tadawul
Industrial companies to be given help in procuring land and factories In May, the kingdom issued 59 new industrial licenses...
Germany hopes return of pre-pandemic level Saudi tourist arrivals
Germany recorded 1.6 million overnight stays from the Gulf region in 2019 A campaign aims to inspire travelers to journey...
Can Palestinian Monetary Authority’s digital currency move be practical?
Israel has placed restrictions on large cash transactions Digital money could demonstrate apparent autonomy from Israel The Palestinian Monetary Authority...
Lebanon to lift fuel subsidies as gasoline shortage worsens
 Gasoline price rise likely to ease the shortage of fuel Lebanon is experiencing one of the worst economic crises in...
For poor Jordanians, debt trap is often a prison cell
Jordanians in financial trouble can't declare personal bankruptcy Non-payment of even small debts carries up to 90 days in jail...
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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
Abu Dhabi’s financial sector surges 30% in Q2, non-oil growth 12%
Abu Dhabi, UAE -- The financial sector in the UAE has experienced a surge of 30 percent in the second...
Business
Company News
SABIC AN profit slumps 71% in H1
Business
Latest News
Estithmar opens new subsidiary in Jordan
The subsidiary was set up in partnership with a Jordanian company.
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...
Business
SABIC-Sinopec China plant opens
The plant is located in their jointly owned petrochemical firm.
Business
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Geostrategy
Constructive Saudi pledges made for Lebanon assistance: Iran FM
Tehran, Iran -- Iranian Foreign Minister Hossein Amirabdollahian said Thursday that discussions with Saudi authorities have resulted in constructive statements...
- Iran wants nothing but good, stability, peace, and development for Lebanon, Hossein Amirabdollahian told reporters in Beirut.
- "We expect all regional and international countries to contribute to improving Lebanon's economic situation," he said.
Business
Global construction industry projected to reach $12.9 trillion by 2028
Dubai, UAE -- The global construction industry is projected to reach a staggering $12.9 trillion by 2028, with a robust...
- The study says residential construction will continue to dominate, driven by rising per capita income and disposable income.
- The Asia Pacific region is poised to retain its leadership position, attributed to increasing urbanization and robust infrastructural development.
Business
ADGM’s Registration Authority fines KPMG Lower Gulf $30,000
Abu Dhabi, UAE -- The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has fined ADGM-registered audit firm, KPMG...
- ADGM audit regulatory framework requires audit reports to be issued and signed by ADGM Registered Audit Principals on behalf of an ADGM Registered Auditor.
- Prior to imposing the penalty, the RA had engaged in ongoing communication with KPMG over a period of several months, ADGM said.