SAMA, Central Bank of China sign $7bn currency swap agreement
Riyadh, Saudi Arabia -- The Saudi Central Bank (SAMA) has signed a three-year currency swap agreement with the Central Bank...
Business
FMs from Palestinian Authority, Muslim nations to visit China
Officials will include the foreign ministers of the Palestinian Authority in the West Bank, Saudi Arabia, Jordan, Egypt and Indonesia,...
Geostrategy
Turkey’s central banker tries to calm market jitters
Turkish economy expanded by 7 percent between Jan and March but inflation more than triple the government's target of 5...
Berain Water of Saudi Arabia ropes in Samba for IPO
The offering could be as much as 30 percent of stake in the company Riyadh-based Berain is one of Saudi...
STV takes part in 30 percent of all Saudi start-up funding rounds
The company also took part in 20 percent startup funding in the Middle East
Expats in Saudi Arabia remit $3.54 billion in April
Expat workers make up three quarters of workers in the Kingdom, with most coming from countries such as Syria, India,...
Oil rises to $72 for the first time in 2 years as demand soars
Also boosting oil this week was a slowdown in talks between the United States and Iran over Tehran’s nuclear program,...
UAE, Lithuania explore economic cooperation prospects
Lithuania's pavilion at EXPO 2020 Dubai will be inspired by concepts of innovation, sustainability and innovation
India exports grew 67 percent in May despite Covid-19 caseload
Sector-wise, the increase was spurred by growth in demand for engineering goods, petroleum products, gems, jewelry, pharmaceuticals and iron ore
Global food prices rise fastest in May: FAO
Surge in international prices of vegetable oils, sugar and cereals lead to the increase in Food Price Index
$163m weeklong real estate transactions in Dubai
164 plots sold for AED 819.02 million, 1,030 apartments and villas sold for AED 2.22 billion
Ajman Chamber presents Orient Insurance bundles to its members
Bundles cover health, car, travel, property and occupational injury insurance among others Chairman of the Chamber's Board of Directors reaffirms...
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SAMA, Central Bank of China sign $7bn currency swap agreement
Riyadh, Saudi Arabia -- The Saudi Central Bank (SAMA) has signed a three-year currency swap agreement with the Central Bank...
Business
Company News
Engineering top course in Arab varsities
Infographics
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Dubai records $2.83bn billion in weekly real estate transactions
Dubai, UAE -- Real estate transactions valued at more than AED 10.4 billion ($2.83 billion) were recorded in Dubai during...
Business
Iran first Islamic country to have modern observatory, says official
TEHRAN, IRAN – Iran is the first Islamic country to possess a very modern observatory, the head of the Institute...
Geostrategy
India cricket board earns nearly $300 million from 2022 IPL
New Delhi, India -- India's cricket board banked nearly $300 million from last year's iteration of its Indian Premier League,...
Business
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Business
Etihad Cargo flight lands in Hubei
Hubei's Ezhou Huahu Airport is world's fourth professional cargo airport.
- Etihad Cargo's Boeing 777-200 freighter arrived in Ezhou on Friday, making the carrier the first international airline to operate flights to the airport.
- Equipped with a 23,000sqm cargo terminal and a 700,000sqm freight transit center, the airport serves as a gateway for air trade between China and the rest of the world.
Business
Dubai real estate market records deals worth $653 million
Dubai, UAE -- Dubai's real estate market recorded deals worth AED 2.4 billion ($653 million) on Thursday, according to Dubai...
- The deals included 591 sales transactions worth AED1.76 billion on Thursday, in addition to 125 mortgage deals totaling AED613.72 million.
- The sales included 561 villas and apartments worth AED1.42 billion, and 30 land plots worth AED336.26 million.
Arts & Culture
Falconers meet in Abu Dhabi for special auction from Sept 2-8
Abu Dhabi, UAE -- Following the success of the Falcon Auction in the last edition of Abu Dhabi International Hunting...
- The previous edition witnessed the purchase of the most expensive falcon in ADIHEX’s history, as the American falcon (Pure Gear - Ultra White) was sold for more $250,000.
- The 2023 auction will witness new features, including the falcon daily raffle draws offered by Umm Jeniba Farm to the auction’s audience and raffle draws to the participants.