ADDED launches program to improve SMEs’ access to financial services
Abu Dhabi, UAE -- The Abu Dhabi Department of Economic Development (ADDED) has launched a program to improve the access...
Business
RAKBANK H1 profit $245m
Business
ADCP partners with AP Moller
Business
Aldar to redevelop two malls
Business
Jeddah Program named cultural destination of FIFA Club World Cup
Riyadh, Saudi Arabia -- The Historic Jeddah Program has secured sponsorship rights as the official cultural destination and main supporter...
Arts & Culture
Europe-Gulf parliament talks soon, says top Kuwait lawmaker
The talks expected to address 'matters of mutual concern' The Palestinian cause is one of the key issues Lawmakers from...
Iraq to build 2,000MW solar power projects in tie-up with a UAE-based firm
The project is the biggest investment in Iraq's renewable energy industry Iraq is planning to build a number of power...
Alpha Dhabi plans IPO, ADX listing with $2.2-billion capital
Alpha Dhabi also announced that it was moving ahead with its initial public offering The IPO may comprise a sale...
Fledgling UAE rail network step towards bridging the Gulf
When completed, Etihad Rail will operate 1,200 km of track connecting all of the emirates *Authorities believe freight train will...
Turks defend nature against Erdogan’s development push
A company plans to extract 20 million tons of stone from a quarry in an idyllic valley Up to 4...
PIF appoints former Samba CEO as head of compliance
Rania Nashar has more than two decades of experience in the banking sector PIF has increased its employees from 40...
Saudi bourse’s 2020 net profit surged ahead of listing
Tadawaul Group also said revenue more than doubled It posted a profit after zakat of $133.5 million Saudi Tadawul Group,...
Digital banks in Saudi Arabia to reduce costs and stimulate competition: SAMA
Saudi Cabinet Okayed issuing licenses for country's first digital banks Digital banks concept broader than financial technology companies Digital banks...
Suspected cases of corporate collusion in Saudi Arabia surge in 2021
The value of the project under investigation $267 million From 15 in 2019, cases rose to 86 in 2021 Cases...
Oman launches investment residency scheme for foreigners
The residency period is for a renewable period of five or 10 years Low oil demand and pandemic have hit...
Most Read
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
ADDED launches program to improve SMEs’ access to financial services
Abu Dhabi, UAE -- The Abu Dhabi Department of Economic Development (ADDED) has launched a program to improve the access...
Business
Company News
RAKBANK H1 profit $245m
Business
ADCP partners with AP Moller
Business
Aldar to redevelop two malls
Business
Latest News
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...
Business
GCC optimistic about FDI growth despite hiccups
Despite a decline in FDI inflows in the past few years, GCC countries remain optimistic as they expect strong economic...
Videos
Renewables helped save $520bn fuel costs globally in 2022: Report
In non-OECD countries, just the saving over the lifetime of new capacity additions in 2022 will reduce costs by up...
Geostrategy
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Business
AviLease acquires aircraft leasing platform
The $3.6bn deal will see AviLease acquire a portfolio of 100 aircraft.
- The combined platform will own and manage 167 of the latest technology, fuel efficient aircraft, consisting of 145 owned valued at around $6 billion.
- AviLease arranged $2.1 billion of competitive bridge financing commitments from four banks: BNP Paribas, Citibank N.A., HSBC Bank Middle East and MUFG Bank.
Geostrategy
Saudi Arabia and Iran invited to Moscow-led defense bloc’s military drills
Moscow, Russia -- Collective Security Treaty Organization (CSTO) member states have invited observers from Saudi Arabia, Iran, China and Mongolia...
- China and Mongolia are the other two countries invited to monitor the Combat Brotherhood-2023 drills in Belarus, CSTO Joint Staff Chief Colonel General Anatoly Sidorov said.
- Combat Brotherhood, a joint operational and strategic exercise, will be held in Belarus on September 1-6.
Business
SAMI launches radio systems line
PIF-owned SAMI will be partnering with the Ministry of Defense.
- SAMI CEO Waleed Abdulmajeed Abu Khalid underlined the partnership in strengthening relationships with L3Harris, the world's leading defense company.
- In June, SAMI signed an agreement with Safran Helicopter Engines for engine maintenance and repair.