Crypto crime drops 19.6% as digital ecosystem matures
Advanced blockchain analysis tools, such as those provided by Chainalysis, are empowering law enforcement agencies and enterprises to counter the...
Economy
Saudi Arabia leads GCC travel growth to India with a 40% rise in flight searches: report
Riyadh, Saudi Arabia - Wego, the leading travel app and largest online travel marketplace in the Middle East and North...
Business
SIB 2022 profit reaches $177mn
The bank recorded an increase of 26.6 percent.
- The bank also reported an operating profit of $272 million in 2022, an increase of 17.4 percent from the previous year
- The bank also reported an operating profit of $272 million in 2022, an increase of 17.4 percent from the previous year
Money from Middle East forcing Liverpool, Man Utd to seek new investment
The American Glazer family, United's owners, began looking for new investment with British billionaire Jim Ratcliffe's company INEOS entering the...
- The American Glazer family, United's owners, began looking for new investment with British billionaire Jim Ratcliffe's company INEOS entering the bidding process
- Fenway Sports Group, Liverpool's owners, have also stated that they will "consider new shareholders" as the Anfield club struggles to qualify for the Champions League next season
Economy
India-UAE partnership summit calls for economic partnerships to drive development plans
India’s Minister of Commerce and Industry Piyush Goyal highlighted the various prospects of cooperation including leveraging UAE and India’s startup...
- India’s Minister of Commerce and Industry Piyush Goyal highlighted the various prospects of cooperation including the rupee-dirham trade, and India’s startup ecosystems
- President and CEO of Dubai Chambers Mohammad Ali Rashid Lootah revealed that the number of new Indian companies that joined Dubai Chamber of Commerce in 2022 exceeded 11,000
Business
Gulf Warehousing reports $66mn profit
The company made a profit of $62 million in Q4 2021.
- The company said in a statement that Earnings Per Share were QR 0.41 in 2022, compared to QR 0.38 in 2021
- The company's board said that it proposed dividends of QR 0.1, subject to the approval of the General Assembly
Business
DEWA is an organizing partner in Dubai International Project Management Forum 2023
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) announced that it is participating in the 8th Dubai International Project...
- On the second day of the DIPMF, Saeed Mohammed Al Tayer, MD and CEO of DEWA, will participate in a panel discussion.
- DEWA will present practices and experiences implemented in Dubai, which has become a global benchmark for best practices.
Economy
Bahrain exports $2.98bn worth of products during Q4 2022
The value of imports rose by 0.3 percent, reaching $3.75 billion during the quarter compared to $3.72 billion in Q4...
- The value of imports rose by 0.3 percent, reaching $3.75 billion during the quarter compared to $3.72 billion in Q4 2021
- The top 10 countries accounted for 69 percent of the value of imports, while the remaining countries 31 percent
Economy
S&P Global and Moody’s confirm Qatar’s strong credit rating
Fitch and Capital Intelligence agencies also continued to rate Qatar's sovereign rating at the level of AA with a stable...
- Fitch and Capital Intelligence agencies also continued to rate Qatar's sovereign rating at the level of AA with a stable outlook, which reflects Qatar's strong creditworthiness
- Benjamin Young, a representative of S&P Global, revealed that it uses six basic pillars, each with grades, economic elements, and percentages in its rating of countries
Economy
Qatar, Pakistan finance ministers discuss investment, economic cooperation
The two ministers to explore cooperation in the fields of science and technology, agriculture, and education.
- The two ministers to explore cooperation in the fields of science and technology, agriculture, and education
- Pakistani finance minister also extended invitation to Ali bin Ahmed Al Kuwari to visit Pakistan, a press statement issued at the end of the meeting said
Geostrategy
Morocco votes to review ties with European Parliament
Morocco's Parliament "decided to reconsider its relations with the European Parliament and submit them for an overall evaluation," said Rachid...
- Members of both houses of Morocco's parliament met in the capital Rabat for a joint session in response to the non-binding European text adopted on Thursday
- In a statement later, they called the European resolution "an unacceptable attack against the sovereignty, dignity and independence of judicial institutions in the kingdom
Science
CST announces first Space Entrepreneurship Alliance in Saudi Arabia
RIYADH, SAUDI ARABIA - Saudi Arabia's Communications, Space & Technology Commission (CST) has announced the formation of a Space Entrepreneurship...
- The alliance was announced during the Commission's participation in the seventh edition of the Garage Disrupt event.
- The alliance seeks to connect entrepreneurs with investors and experts in the space sector.
Most Read
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
Crypto crime drops 19.6% as digital ecosystem matures
Advanced blockchain analysis tools, such as those provided by Chainalysis, are empowering law enforcement agencies and enterprises to counter the...
Economy
Company News
Latest News
GCC countries follow US Federal Reserve’s lead in holding interest rates
Abu Dhabi, UAE – The Central Banks of the United Arab Emirates and Qatar have chosen to maintain their current...
Economy
Andalusia Labs secures $48m funding
The company deals in risk management infrastructure for digital assets.
Business
G42’s split from China could spur other GCC firms to follow suit
Dubai, UAE - With the UAE-based G42's decision to align with US directives by severing ties with Chinese tech partners...
Most Read
Business
CBUAE joins the Gulf payments system AFAQ
Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) joined AFAQ Payments System, which is operated by the Gulf...
- Along with the CBUAE, Barclays Bank joined the AFAQ system, becoming the first financial institution operating in the UAE to achieve this step and begin using the system’s services
- To date, the Central Bank of Bahrain, the Saudi Central Bank, and the Central Bank of Kuwait have joined "AFAQ", in addition to a number of commercial banks from these countries
Economy
Global trade likely to decline in 2023 due to changing trade patterns, geopolitics
DUBAI, UAE - The outlook for 2024 remains “highly uncertain and generally pessimistic,” UNCTAD says in the Global Trade Update,...
- Other elements affecting trade include lower demand in developed countries, less trade in East Asia and an uptick in trade-restrictive measures.
- The elements also include an uptick in trade-restrictive measures and lengthening supply chains, particularly between China and the US.
Research
Google releases the top trending searches of the year in MENA
Dubai, UAE - Google on Monday released the top trending searches of 2023 for the Middle East and North Africa....
- Saudi Arabia has been searching for football throughout the year, with many events and tournaments happening on-ground
- In the news list in Egypt, the war in Palestine ranked first, followed by the devaluation of the Egyptian Pound