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
SAMA: E-payments share reached 70% of total payments in 2023
Riyadh, Saudi Arabia -- The Saudi Central Bank (SAMA) announced on Monday that the share of retail consumer electronic payments...
Economy
IMF’s Mideast chief calls for reform program in Lebanon
He pleaded with the international community to help in the effort The IMF’s dialogue with the Mediterranean country has been...
UN body says global food supply to be strong in 2021
Trade flows continued to reach new highs during the ongoing pandemic At the global level, food and agricultural exports grew...
From Jun 15, Facebook employees can opt for remote work permanently
Facebook will let any employee to work remotely permanently if the job can be performed that way Company expects it...
Dubai private jet company to go public
With a fleet of more than 70 aircraft, the transaction could value company at $10 billion Vista was founded by...
Dale Ventures acquires majority stake in X-Golf Entertainment
X-Golf Entertainment plans to launch Middle East's first large-scale urban golf club and sports bar Company's technology allows participants to...
Africa Finance Corporation has 31 members now
Burkina Faso, Democratic Republic of Congo and Morocco added members in the first quarter of 2021 More than half of...
SNIC Insurance outsources health insurance to Health 360°
SNIC Insurance will outsource the management of its health insurance to Health 360 due to its international and regional partners...
Iran mired in economic pain as presidential vote nears
Iran's 83 million people are suffering as jobs are scarce, prices are rising Economic crisis brought on by crippling sanctions...
Airline ‘travel pass’ app to go live in Mideast in weeks
Around 60,000 people have been registered to test the system Emirates, Etihad Airways and Qatar Airways among the first to...
China in talks with Abu Dhabi National Energy to buy 10% stake
The negotiations are ongoing and there is no certainty about reaching an agreement Based on its current share price, the...
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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
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
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Fertiglobe Q3 revenue of $525m
The firm recently launched steps to optimize its cost structure.
Business
Marafy: Saudi Arabia unveils another ambitious megacity project
Riyadh, Saudi Arabia - Saudi Arabia has revealed plans for a remarkable megacity project named Marafy, following in the footsteps...
Economy
Batelco launches mobile peering service in MENA region
Manama, Bahrain - Batelco, part of the Beyon Group, announces its latest service “Mobile Peering” for members of the platform....
Business
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Geostrategy
Jordan keeps options open in response to Gaza conflict
Amman, Jordan - Jordan has stated that it is considering "all options" in response to what it perceives as Israel's...
- The kingdom refrained from specifying the measures Jordan might take, but the statement comes after the country recalled its ambassador from Israel
- In a significant move, Jordan also declared Israel's ambassador persona non grata, effectively preventing his return to Amman
Business
EDGE acquires 52% of ANAVIA
ANAVIA focuses on developing unmanned helicopters.
- ANAVIA is a Switzerland-based company that specialises in versatile vertical take-off and landing systems of up to 750 kilograms.
- ANAVIA’s unmanned helicopters can be adapted to EDGE's cross-complementary portfolio of air, land and maritime capabilities.
Business
Saudi Arabia launches second phase of Visiting Investor Visa
RIYADH, SAUDI ARABIA – The Kingdom’s ministry of investment and ministry of foreign affairs launched the second phase of issuing...
- This service is offered to foreign investors as part of the Kingdom’s efforts to boost investment, consistent with Saudi Vision 2030.
- The booking platform is affiliated with the Ministry of Investment “Invest Saudi,” through which the application will be processed.