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
SAB H1 profit up 59%
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Borouge Q2 net profit $231m
Business
ADB plans to invest US$100bn to maximize climate impact
MANILA, PHILIPPINES - Setting the scene for a low-carbon and climate-resilient Asia and the Pacific, the Asian Development Bank (ADB)...
Economy
Saudi Arabia to build foot-and-mouth disease vaccine manufacturing plant
MAS Company has signed $60m deal with an Argentinian company Country’s pharmaceutical drugs market estimated to be worth $10.19b in...
Fitness Time to unveil a women-only gym facility in Riyadh
The low-cost gym will not have a swimming pool The country has eased restrictions for women over the past few...
Qatar’s Ahli Bank looks to raise up to $500 million via bonds
The bank is bucking the trend of Additional Tier 1 bond issued There have been relatively few senior bond sales...
Iran rights council member: executing child offenders not a rights violation
Authorities say they try to convince victims' families to pardon death row offenders UN rights chief Michelle Bachelet had said...
Etihad to continue with ‘Verified To Fly’ travel platform
Abu Dhabi – Etihad Airways will continue to use the 'Verified To Fly' platform, which allows travelers to validate their Covid-19...
Saudi Arabia is 2nd in Global Cybersecurity Index
The kingdom also ranked first in the Arab world, Middle East, Asia Cybersecurity authority said it would continue efforts to...
Saudi Arabia plans new national airline
New carrier would push SA into the 5th rank globally in terms of air transit traffic The move is part...
Palestinian Authority silencing dissent: Activist
Rights activist Nizar Banat's death sparked days of protests in the West Bank In 2018, HRW charged that the PA...
Lebanon raises fuel prices to shore up forex reserves
Price 20 litres of 95-octane petrol shot up from $10.6 to $40.6 Lebanese officials blame smuggling to Syria, stockpiling for...
Lapid opens Israeli embassy in UAE, first in Gulf
Lapid's trip comes after the nations moved to normalise ties Israel, UAE have signed a raft of deals ranging from...
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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
Company News
SAB H1 profit up 59%
Business
Borouge Q2 net profit $231m
Business
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NBF H1 net profit up 120 percent
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EGA H1 net profit $533 million
The firm expects growth in primary production and recycling business.
Business
EU diplomat’s threat to Russia medical supplies smacks of neo-Nazism: Official
Moscow, Russia -- Moscow considers threats by European Union High Representative for Foreign Affairs and Security Policy Josep Borrell to...
Geostrategy
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Business
Saudi Arabia’s imports from GCC countries fall by 19% in June
Riyadh, Saudi Arabia -- Saudi Arabia’s imports from Gulf Cooperation Council (GCC) countries fell 19 percent year-on-year (YoY) to SAR...
- UAE accounted for 65.6 percent, or SAR 3.61 billion, of the total Saudi imports, down 13 percent YoY, Argaam reported.
- The Kingdom's imports from Qatar only registered a growth (of 49 percent) to SAR 48 million, from 32 million a year ago.
Business
Hotel revenues in Oman grow 27.8% to $318 million in July
Muscat, Oman -- The revenues of 3-5-star hotels in Oman reached RO 122.5 million ($318 million) at the end of...
- The total number of hotel guests grew by 25.8 percent to 1.09 million by the end of July 2023.
- Hotel occupancy posted a growth of 10.3 percent. The number of Omani guests reached 411,551.
Business
Qatar’s trade balance surplus increases by 12.8 percent in July
Doha, Qatar -- Qatar's foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus...
- Imports of goods in July 2023 amounted to around QR 9.4 billion, showing a decrease of 1.6 percent compared to July 2022.
- China was the leading country of origin of Qatar's imports with about QR 1.6 billion, a share of 16.7 percent of the imports.