International migration flows to OECD countries at record highs in 2022
Paris, UAE -- Permanent migration to OECD countries reached 6.1 million in 2022, a 26 percent increase compared with 2021,...
Geostrategy
Saudi oil and non-oil exports fall by above 17 percent in Sept
Dubai, UAE -- Saudi Arabia’s oil exports fell by 17.1 percent (SAR 17.2 billion or $4.58 billion) in September, mainly...
Business
Sojern’s Co-Op solution helps Abu Dhabi boost tourism recovery
Abu Dhabi hotels increase direct bookings through a targeted, digital display and social media advertising campaign DCT Abu Dhabi has...
UAE interbank rates up replicating US Fed’s move
The move comes after the US Federal Reserve increased the interest on excess reserves by 5 bps In the UAE,...
Saudi Arabia, Estonia strengthen partnership in digital govt, economic fields
Estonian exports to Saudi Arabia totaled $80 million in 2020 Estonian delegation presented a workshop aimed at consolidating frameworks of...
Dar Al Arkan launches 3D construction tech in Saudi Arabia
Dar Al Arkan tied up with Danish 3D construction printer company Cobod The first 3D construction printed house would be...
Consortium featuring Qatar Petroleum wins 2 offshore exploration blocks in Suriname
The consortium now has the rights to explore Blocks 6 and 8 adjacent to the prolific Block 58 discoveries Qatar...
Dubai records 4,429 real-estate transactions worth more than $3 billion in May
This was Dubai’s highest total sales transaction value in the sector since March 2017 $12.85 billion worth 20,989 real estate...
Abu Dhabi to get a Small Claims Court soon
The court can settle civil, commercial and labor disputes The final decisions of this court rendered at the same hearing...
eCommerce booms in Saudi Arabia, market touches $970 million
Annual growth in eCommerce market expected to grow by more than 6 percent Currently, only 15 to 20 percent of...
AlSagr shareholders shout ‘no’ 15 times to reject 15 of 20 items during AGM
Not once, or twice, or even five times, AlSagr shareholders shouted no 15 times to reject three-quarters of the items...
- Appointment of Baker Tilly and Alkharashi & Co. as external auditors among proposals rejected
- Investors also refused to endorse contracts involving firms with links to some board members
Trade between Dubai, Germany crosses $6.7 billion in 2020
Ambassador of Germany to the UAE 'impressed' with the free zone’s infrastructure Trade between two countries expected to grow more...
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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
International migration flows to OECD countries at record highs in 2022
Paris, UAE -- Permanent migration to OECD countries reached 6.1 million in 2022, a 26 percent increase compared with 2021,...
Geostrategy
Company News
Bank Albilad H1 profit up 14%
Business
Strong growth key to GCC’s FDI appeal
Infographics
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ANB profit up 51 percent in H1
Business
SAMI launches radio systems line
PIF-owned SAMI will be partnering with the Ministry of Defense.
Business
$202m contract signed for Jeddah project
The contract involves MEP works for Al Muhammadiyah Hospital.
Business
PIF-backed oil driller ADES International Holding announces IPO
Riyadh, Saudi Arabia -- ADES International Holding, an oil and gas driller backed by Saudi Arabia’s sovereign wealth fund, PIF,...
Business
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Geostrategy
Iran readies to finalize document on wider cooperation with Oman
Tehran, Iran -- Iran has expressed its readiness to finalize the provisions of a strategic document on comprehensive cooperation with...
- Iran's foreign minister Amir Abdollahian also appreciated the efforts by the Sultan of Oman and talked about Iran’s stances on the trend of talks aimed at lifting the sanctions.
- Abdollahian appreciated Qatar for its role in the release of Iranian assets blocked in foreign countries.
Business
Iran world’s eighth largest steel producer in first half of 2023
Tehran, Iran -- Iran became the eighth largest steel supplier in the world in the first half of 2023 as...
- Iran was the world’s seventh largest steel producer in June with an output of 3.2 million mt, up 17.4 percent from June 2022, the report added.
- For years, Iran had been ranked 10th globally in the list of top steel-producing countries.
Business
Market capital in Arab bourses $4.5 trillion, says Arab Monetary Fund
Kuwait City, Kuwait -- The Arab Monetary Fund has said that the market capital in Arab bourses reached US$4.5 trillion...
- The fund's weekly report said the market capital of BouKuwait amounted to US$137.5 billion, that of the Abu Dhabi stock exchange reached approximately US$777 billion.
- The capital market of the Saudi stock exchange reached some US$ 3 trillion and the Qatari bourse US$170 billion.