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
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...
Saudi Arabia National Housing and Bank Albilad in $533 m deal for infrastructure
The deal is part of the Saudi Vision 2030 to give more ownership of homes to Saudi families CEO Bank...
All cabs running in Dubai to be fully electric or hybrid by 2027
Special incentives to be given to cabbies to convert their cabs into either of the two variants
Saudi car rental firm posts 40% growth in 2020
Vehicle rental market in the country is forecast to grow 7.5 percent until 2026
Emkan named fastest-growing digital microfinance firm in Saudi Arabia
The company will add Instalment Finance, Auto Finance, SMEs Finance, credit card issuance to its offerings
Cybersecurity expert Shenoy to expand Cyble footprint in META
Cyble was recognized by Forbes as one of the top 20 best cybersecurity startups to watch in 2020
Ras Al Khaimah ranks third on World Bank’s ‘enforcement of contracts 2021’
Crown prince of Ras Al Khaimah attributes the achievement to president Sheikh Khalifa bin Zayed Al Nahyan's support
Planning body set up to make Dubai the world’s best city
Supreme Committee for Urban Planning envisions Dubai as the best city for life in the world
Cybersecurity experts to discuss defense strategies at GISEC 2021
Participants will hear how international law enforcement agencies are working together to fight cybercriminals
$2.3 billion of realty deals in four emirates in Q1 2021
The deals are a sign that the worst is over and smart recovery is picking up
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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
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
Latest News
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
Turkish officials discuss scenarios around stalled Russia grain deal
Turkey’s top diplomat Hakan Fidan is planning to discuss the results of these discussions with Russian Foreign Minister Sergey Lavrov...
Geostrategy
Etihad Cargo flight lands in Hubei
Hubei's Ezhou Huahu Airport is world's fourth professional cargo airport.
Business
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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.
Business
Sharjah records real estate deals worth $517 million in July
Sharjah, UAE -- Sharjah has recorded real estate transactions worth AED1.9 billion ($517 million) during July 2023, according to the monthly...
- The department executed a total of 2,783 transactions, including 684 sales transactions across 96 areas in various regions of the emirate.
- The number of mortgage transactions were 447, constituting 16.1 percent of the total number of transactions with a value of AED420.1 million.
Business
DP World H1 EBITDA $2.6bn
The company's revenue grew 13.9 percent to $9.03 billion.
- CEO Sultan Ahmed bin Sulayem said the company's balance sheet remains robust, and it continues to generate high levels of cash flow.
- DP World's focus on high-margin cargo, end-to-end bespoke supply chain solutions and cost optimization has been crucial in securing these results.