UAE stocks see US$1.7bn inflow, IHC, Emaar lead
ABU DHABI, UAE- The UAE stock markets attracted liquidity of nearly AED6.5 billion during the week's trading, with the focus...
Business
Saudi Arabia offers 6 mining opportunities for local, international investors
Riyadh, Saudi Arabia - The Saudi Ministry of Industry and Mineral Resources on Wednesday announced six new mining opportunities for...
Economy
UAE GDP projected to grow by 2.4% in 2021, 3.8% in 2022
*Non-oil GDP to expand by about 4 percent in both years *Central Bank report finds TES Scheme helped distressed individuals,...
UAE ninth most competitive country globally
The Emirates also ranked third among 64 countries for government efficiency Vice-President Al-Maktoum: 'We did not stand still during the...
Sharjah sees Al Hamriyah plant work over 80% completed
The plant has a gas turbine with a production capacity of 400 MW It also has a heat recovery boiler...
Saudi insurance merger to create massive investment fund
The merger will create cost savings of tens of millions of riyals GOSI and the PPA are major investors in...
Dubai real estate records $2.9b investment in May 2021
11,387 new investors enter the market, comprising 66 percent of total registered investors since the beginning of 2021 Hadaeq Sheikh...
Mena box office revenues to hit $1bn by 2024: PwC
Revenues from cinema in the Mena region is expected to defy global trends and hit $1 billion by 2024 Box...
Energy minister signals end of petrol subsidy
The subsidy on petrol in Lebanon may eventually be ended Energy Minister Raymond Ghajar said it was unsustainable The subsidy...
Mother of invention: Study highlights gender gap in health innovations
Study finds patents filed from all-female inventor teams 35 percent more likely to focus on women's health Fewer women inventors...
Global displacement from war, crises doubles in a decade: UN
Global displacement figures swelled by around 3 million in 2020 Only 34,400 vulnerable refugees have resettled in third countries last...
Danube Group chairman hails UAE investor environment
Sajan says UAE provides incentives and legislations that encourage investment and commerce Thanks UAE leadership for amending federal laws regulating...
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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
UAE stocks see US$1.7bn inflow, IHC, Emaar lead
ABU DHABI, UAE- The UAE stock markets attracted liquidity of nearly AED6.5 billion during the week's trading, with the focus...
Business
Company News
Latest News
Dubai govt approves incentives to boost emirate’s economy
Dubai, UAE – Dubai government on Thursday approved several initiatives to stimulate the industrial sector in the emirate besides announcing...
Economy
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...
Geostrategy
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...
Business
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Economy
Almost half of all global destinations now offer digital nomad visas: UNWTO
Madrid, Spain - The number of destinations offering Digital Nomad Visas (DNVs) has risen significantly over recent years, with almost...
- The rise in Digital Nomad Visas has gone hand-in-hand with an increase in digital nomads, with destinations in all regions working to meet the market trend
- A DNV allows individuals to live and work in a foreign country while maintaining employment or conducting freelance work for employers or clients in their home or another country
Business
Middle East companies moving towards cloud adoption
Adoption is driven by government initiatives, global cloud providers, and the need for agility and scalability in the region.
- 68% of Middle East companies want to migrate their operations to the cloud within the next two years
- To fund these initiatives, 76% of companies intend to increase their cloud budget over the coming year
Qatar Central Bank foreign reserves rise by 11.73% in October
Doha, Qatar - The International reserves and foreign currency liquidity of Qatar Central Bank (QCB) surged by 11.73% in October...
- The official reserves consist of foreign bonds and bills, cash balances with foreign banks, gold holdings, special drawing rights deposits, and Qatar's share in the IMF
- In addition to these, there are other liquid assets (Foreign Currency Deposits), so the two together constitute what is known as the total foreign reserves