SAMA Licenses ‘Hala Financing’ to provide crowdfunding solutions
Riyadh, Saudi Arabia - The Saudi Central Bank (SAMA) has licensed "Hala Financing" to provide debt-based crowdfunding solutions. With Hala...
Business
Despite sanctions, Iran oil exports hit six-year high: report
Tehran, Iran - Iran managed to sell an average of 1.56 million barrels per day during the first quarter of...
Economy
A range of new exhibitors to join Dubai Airshow 2021
The Airshow will be held on 14-18 November 2021 at Dubai World Central (DWC), Dubai Airshow Site.
- The Airshow will be held on 14-18 November 2021 at Dubai World Central (DWC), Dubai Airshow Site
- New exhibitors will be joining from a wide range of countries, including Belgium, Ukraine, the United Kingdom (UK), the USA, Greece, Israel, Switzerland, Brazil etc
Business
Maersk lands Saudi deal
Maersk will set up a Logistics Park at Jeddah Islamic Port.
- Maersk will set up an Integrated Logistics Park at Jeddah Islamic Port, investing more than SAR500m
- The agreement is a step to make Jeddah Islamic Port among the top ten ports in the world by 2030
Economy
DFSA enhances regulatory framework for the future of finance
The DFSA set up the Innovation Testing Licence (ITL) Programme to encourage innovation in the Dubai International Financial Centre and...
- The DFSA set up the Innovation Testing Licence (ITL) Programme to encourage innovation in the Dubai International Financial Centre and protect the market against risks
- The authority hosts RegTech events focusing on driving compliance through innovation
Market Report
Gulf, Asian markets hurt amidst concerns about Chinese economy
The sentiment gets a jolt after Chinese regulators gives dressing down to ride-hailing giant Didi Chuxing and ten other car...
- Major stock markets in the Gulf remain weak in line with Asian shares that slide on concerns about Chinese economy after a run of soft data
- Series of measures against Chinese tech firms as well as other sectors including private tuition, property and video games hurt the world markets
Geostrategy
Macron arrives at Iraq summit aimed at easing Mideast tensions
Macron warned on Saturday the Islamic State group "remains a threat."
- Macron warned on Saturday the Islamic State group "remains a threat."
- Egyptian President al-Sisi and Jordan's King Abdullah II are also due to attend the summit
57 Europe-bound migrants drown as boat sinks off Libya
The ship sank off the Libyan port of Khoms, some 120 kilometres east of the capital Tripoli, a key gateway...
Tunisia’s largest party protests outside parliament
The president on Sunday evening announced that he had fired Prime Minister Hichem Mechichi and that he was suspending parliament...
Two-thirds of UAE workers loyal to their employers: Survey
Basic salary, additional benefits offered by the company and senior leadership are the top three factors perceived to impact employee...
Jordan’s king confirms meeting Israeli PM; seeks better relations
Abdullah said he was “encouraged” by his interaction with Bennett and stressed the need to rebuild Israeli-Jordanian relations, “because it...
UAE leads MENA region in crowdsourcing industry
Depending on the diversity of the information provided, crowdsourcing becomes a tool for growth and advancement in today’s modern era,...
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
SAMA Licenses ‘Hala Financing’ to provide crowdfunding solutions
Riyadh, Saudi Arabia - The Saudi Central Bank (SAMA) has licensed "Hala Financing" to provide debt-based crowdfunding solutions. With Hala...
Business
Company News
Latest News
DIB to buy stake in TOM Group
Geostrategy
Gaza exposed double standards, selective application of international law: Saudi Arabia
exposed the double standards and selective application of international laws and UN resolutions by the global community. Representing Saudi Crown...
Geostrategy
FBI completes Rainbow Bridge car explosion, says it was traffic accident
According to witnesses, the car was running at a speed of more than 160 km/h. As a result, the car...
Most Read
Economy
World Bank anticipates 4.5% growth in UAE’s non-oil economy in 2023
Riyadh, Saudi Arabia - The World Bank has projected a 3.4% growth in the real Gross Domestic Product (GDP) of...
- The WB report has projected a 3.4% growth in the real Gross Domestic Product of the UAE by the year 2023, with expectations of further increase to 3.7% in 2024
- According to the report, the Gulf Cooperation Council (GCC) region is estimated to grow by 1% in 2023 before picking up again to 3.6 and 3.7% in 2024 and 2025
Geostrategy
Pakistan applies for BRICS membership in 2024: envoy to Russia
Moscow, Russia - Pakistan has filed an application to join the BRICS group of nations in 2024 and is counting...
- When asked whether the country has filed its BRICS membership bid, the diplomat replied that Pakistan has done it
- He confirmed that Islamabad plans to join the group under Russia’s presidency in 2024
Economy
UAE approves official holidays calendar for govt, private sectors for 2024
UAE, Dubai - UAE has approved the year 2024 official holidays calendar for both public and private sectors. As part of...
- The resolution aims to enable all community members working in various sectors in the UAE, as well as families, to plan ahead for holidays, travel and personal activities
- The UAE public holidays calendar includes 12 Rabi` al-Awwal 1446 AH which marks the Prophet Mohammed’s (PBUH) birthday, and 2, 3 December as the National Day holidays in 2024