43% people in Saudi likely to make more cross-border payments in 2023
Riyadh, Saudi Arabia -- Nearly 43 percent of people in Saudi Arabia expect to send cross-border payments more frequently in...
Business
UAE defense conglomerate EDGE signed nearly $2bn in deals
Dubai, UAE -- UAE defense conglomerate EDGE Group has inked deals worth at least $1.8 billion during the Dubai Airshow,...
Business
Fund launched in Lebanon to boost women’s participation in Beirut port blast recovery
The Women’s Peace and Humanitarian Fund, UN will fund 6 Lebanese women's organizations Gender assessment of Beirut Port Explosion reveals...
Aramco hires Morgan Stanley as lead adviser to sell gas pipeline stake
Aramco's $12.4 billion oil pipeline deal could be template for hiring Company also plans to spend about $35 billion on...
Erem Media’s use of iZooto reduces dependency on Google
iZooto replaces Google search as number 1 source of traffic for Erem Media Group
S&P assigns ‘AA-’ issuer rating to Emirates Development Bank with ‘stable’ outlook
EDB has also been assigned a “gcAAA” long-term GCC regional-scale rating
RTA eyes futuristic suspended transport network in Dubai
The use of this type of transport in Dubai is aimed at accelerating the mobility of people, ease congestion
Golden opportunity to buy gold
The increased demand for physical gold is projected to push up the price of shiny metal within the next six...
Chalhoub Group to hire more women for top position in Saudi Arabia
Chalhoub Group is going to pack its top management positions with more women, and will also raise the number of...
SEHA Covid-19 assessment centers to operate for 2 more hours
All services for Covid-19-positive patients are available in the Outpatient Clinics building in Mafraq Hospital in Abu Dhabi and in...
Dubai FDI presents the Dubai advantage to investors across 6 countries
Dubai FDI sought investment from China, India, Australia, Spain, Italy and the US through webinars Investors invested to explore opportunities...
UBS Investor Watch: Investors to use their capital to drive change after COVID-19
9 in 10 investors want their investments to align with their values Women, young generation want to make a difference...
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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
43% people in Saudi likely to make more cross-border payments in 2023
Riyadh, Saudi Arabia -- Nearly 43 percent of people in Saudi Arabia expect to send cross-border payments more frequently in...
Business
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Ethmar net profit up $114m
Business
Ajman H1 real estate transactions increase by 15 percent to $1.95bn
Ajman, UAE -- Ajman real estate market grew 15.6 percent year-on-year to AED 7.17 billion ($1.95 billion) in the first...
Business
Iran exports non-oil products worth $2.9bn to Iraq in four months
Tehran, Iran -- Iran exported $2.9 billion worth of non-oil products to Iraq in the first four months of the...
Business
DGCX waives fees for Shari’ah compliant Spot Gold Contract
Dubai, UAE -- The Dubai Gold & Commodities Exchange (DGCX) Tuesday said it is waiving trading, clearing and delivery fees...
Business
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Business
Bahrain Central Bank’s $185 million treasury bills oversubscribed
Manama, Bahrain – This week’s BD 70 million ($185 million) issue of Bahrain Government Treasury Bills has been oversubscribed by...
- The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain, on behalf of the Bahrain government .
- The approximate average price for the issue was 98.395 percent with the lowest accepted price being 98.261 percent.
Business
Generative AI likely to supplement than destroy jobs: ILO
Geneva, Switzerland -- Generative Artificial Intelligence (AI) is more likely to augment than destroy jobs by automating some tasks rather...
- An International Labour Organization (ILO) study has found most jobs and industries are only partly exposed to automation and are more likely to be complemented by Generative AI.
- It suggests this new wave of technological transformation could offer important benefits for developing countries.
Business
Iran not holding direct talks with US on sidelines of UN meet
"Reports that a meeting between Iranian and American officials will be held on the sidelines of the UN General Assembly...
- Kanaani said the two countries have held only indirect talks to discuss a prisoner exchange and unblocking Iranian assets.
- The New York Times reported on August 10 that the United States and Iran had reached an agreement on a prisoner swap.