First internationally recognized renewable ammonia shipment made
Dubai, UAE -- Abu Dhabi-based Fertiglobe, a strategic partnership between ADNOC and OCI Global, has completed the maiden shipment of...
Business
PIF seeks to increase stake in Egypt’s e-Finance by 2 percent
Riyadh, Saudi Arabia -- Ibrahim Sarhan, the Chairman and Managing Director of e-Finance for Digital & Financial Investments based in...
Business
Sharjah concludes campaign to update landowners’ data
Landowners yet to update their property data can approach Real Estate Registration Department
Passengers are back on flights as Dubai International Airport is named busiest in May
The airport kicked out London Heathrow from the top spot
Creator economy lights up business world, but not enough to outshine brand sponsorships
68.1 percent of US adult influencers identified brand collaborations as generating the most income for their business
Abu Dhabi Book Fair to digitize Arabic prose in audiobooks
One of the notable works covered by the series includes the Muqaddimah of Ibn Khaldun
Omani Sultan offers jobs to pacify protests
Sultan Haitham ordered the creation of 32000 job opportunities, 12000 of them in the government sector
Netherlands drinks the most coffee in the world
The Netherlands is followed closely by Nordic countries Finland, Sweden and Norway
UN extends South Sudan arms embargo for another year
The draft resolution was adopted by 13 votes in favor on the 15-member panel. India and Kenya abstained
Smokers are up to 50 percent more likely to die from Covid: WHO
The UN health agency’s 'Commit to Quit’ tobacco campaign has made resources from its Quitting Toolkit freely available to more...
Saudia Arabia to amend administrative penalties for tax law violations
The changed laws are also expected to support tax registrants and help them fulfil their tax obligations
A Saudi mom can now vouch for her child to open a bank account
Before this decision, a married mother had to bring her husband or obtain court's consent to open an account for...
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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
First internationally recognized renewable ammonia shipment made
Dubai, UAE -- Abu Dhabi-based Fertiglobe, a strategic partnership between ADNOC and OCI Global, has completed the maiden shipment of...
Business
Company News
Subscription opens to Alinma EMF
Business
Saudi Catering, RSG ink pacts
Business
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Struggling Lucid weighs down PIF’s robust US equities show
Dubai, UAE -- Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), reported 9.6 percent growth in its US equity holdings to...
Business
Saudis, Emiratis gain wealth, but disparity remains
In 2022, 45 percent of adults in Saudi Arabia had a net worth of less than $10,000, against 43 percent...
Economy
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Five skills workers require in real estate
Saudi Arabia’s real estate sector is evolving with new regulations, creating fresh job opportunities. The latest initiatives seek to enhance...
- Saudi Real Estate General Authority introduces 12 new roles, including positions like real estate broker, advertiser, and property manager
- The initiatives are aimed at boosting the real estate sector's contribution to the Kingdom's GDP, enhancing the role of non-oil sectors
Business
Bahrain Central Bank’s Sukuk Al Salam oversubscribed 319%
Manama, Bahrain - The Central Bank of Bahrain (CBB) has said its monthly issue of the Sukuk Al-Salam Islamic securities...
- Subscriptions worth BD 137.151 million ($364m) were received for the BD 43 million ($114m) issue, which carries a maturity of 91 days.
- Expected return on the issue, which begins on August 16 and matures on November 15, is 6.25 percent, compared to 6.10 percent of the previous issue.
Business
Yalla Group H1 revenue $152m
The Group posted revenues of $79 million in the second quarter.
- The revenue grew by 2.9% compared to the first half of last year, while the net income in H1 2023 was recorded at AED176.9 million ($48.2m)
- Yalla displayed strong performance in the second quarter of the year where it posted revenues of AED291 million (around $79.2 million)