Jordanian industrialists call for export diversification
AMMAN, JORDAN – Jordanian industrialists have emphasized the imperative of strategic planning to bolster export diversification, underlining key measures such...
Business
ahli islamic introduces Sharia-compliant Money Market Fund
MUSCAT, OMAN – As part of its investment solutions and Sharia-compliant products and services, ahli islamic, ahlibank’s Islamic banking window,...
Business
Emirates Dev. Bank, Beehive in pact to provide finance to small enterprises
Under the deal, Beehive will provide $8.16 million as loans to qualified businesses Beehive uses crowdfunding to connect small businesses...
Dubai Airshow to be held in November under capacity restrictions
The show is seen as a psychological boost for airlines, plane makers The Airshow will be the largest aerospace trade...
Iraq’s leading telecom provider wins 2 International Finance Awards
Company awarded Best Telecommunications Company and Best Corporate Socially Responsible (CSR) Company Asiacell network covers 99.06 percent of the Iraqi...
Abu Dhabi’s non-oil foreign trade reached Dh201.2 billion in 2020: Abu Dhabi Customs official
Saudi Arabia is Abu Dhabi's biggest trading partner at AED 44.43 billion Abu Dhabi Customs accomplished more than 1,093,144 digital...
Emirates to fly from India again as Dubai lifts ban over virus
Dubai said that only passengers from India 'who have received two doses of a UAE-approved vaccine' would be allowed to...
Dubai Airport to reopen Terminal 1
The reopening of the facilities will enable the return of 40 plus international carriers that are currently operating at Terminals...
Israel’s Bedouin sceptical of new govt promises
The vast majority of Israel's nearly 300,000 Bedouin live in the arid Negev in the south of the country The...
Bahrain’s Batelco mulls Saudi listing
In case of Saudi listing, Batelco will become the first company to have a dual listing of shares on the...
Saudi stocks lead GCC region in losses
Tadawul All Share Index (TASI) loses 62.37 points and drops as much as 0.57% Trading valued amounted to around US$3.08...
Distribution, delivery may pose a challenge to G7 vaccine pledge: WEF Digital Editor
Vaccine manufacturing, patent protection, surplus doses disposal, cold storage needs a challenge So far, only slightly more than one in...
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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
Jordanian industrialists call for export diversification
AMMAN, JORDAN – Jordanian industrialists have emphasized the imperative of strategic planning to bolster export diversification, underlining key measures such...
Business
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Saudi EXIM Bank signs deals with African banks and institutions worth $185m
Riyadh, Saudi Arabia - Saudi EXIM Bank has signed multiple agreements and memoranda of understanding (MoUs) with African banks and...
Business
EDGE buys 50% stake in Flaris, marking strategic expansion into aviation technology
Abu Dhabi, UAE -- The UAE’s EDGE Group, one of the world’s leading advanced technology and defence groups, has announced...
Business
TASI-listed firms report an aggregate net profit of $48.1bn in Q3
RIYADH, SAUDI ARABIA - Tadawul-listed companies reported a US$48.1 billion (SAR 157.09 billion) aggregate net profit for the third quarter...
Business
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Geostrategy
US won’t hesitate to defend its troops in Middle East: Pentagon
Washington, United States - Over the last three weeks, Iran-backed militia groups have attacked US bases and facilities in Iraq...
- The department's commitment to Israel's right to defend itself from terrorism is "ironclad," and the department is working daily to help Israel do that, Stroul told lawmakers
- "We also placed over 2,000 personnel and a range of units on a heightened state of readiness, some of which [were] subsequently deployed," she said
Business
NEOM opens London office as base for UK and European business
London, United Kingdom – NEOM, the sustainable regional development taking shape in northwest Saudi Arabia, has opened its first international...
- The opening of the office is part of the NEOM’s effort to expand its international footprint
- As the first international office, the UK office will also serve as a base to support NEOM’s business across Europe
Business
ADIB issues green sukuk
The final orderbook of the green sukuk closed at $2.6 billion.
- The issuance was met with exceptional demand, attracting interest from over 100 global and regional investors.
- ADIB intends to allocate an amount equal to the net proceeds of this issuance to fund eligible green projects.