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
UAE is member of UNESCO’s diversity promotion committee
The Intergovernmental Committee consists of representatives of 24 countries Al Kaabi proposes six areas of action that warrant the attention...
Qatar loses its top position to Australia in the fight to control global LNG market
The United States and Russia are the third and fourth exporters of gas Overall LNG trade increased to 356.1 million...
Etihad Airways, UN Volunteers program sign MoU to promote volunteering
Etihad will promote UNV and activities across Etihad’s channels Encourage members to donate their Etihad Guest Miles for UNV activities...
57% UAE workforce won’t survive financially in event of critical illness
A quarter of UAE employees would not last a month if laid off due to critical illness Critical illness cover,...
QRDI Council leads “Russia-Qatar Innovation Dialogue” at SPIEF
QRDI Council's 10-year strategy, QRDI 2030, aimed at creating create locally-empowered and globally-connected RDI ecosystem Council explains how RDI will...
QNTC to attend St. Petersburg International Economic Forum
Qatar National Tourism Council has offices in Russia since 2018 To attract visitors from new source markets, QNTC will showcase...
Aid for Egypt’s cotton industry, Sudan’s dairy sector
In Egypt, the goal is to revive the cotton industry by supporting growers to cultivate sustainable cotton. In Sudan, dairy...
Kenana Dahlan is head of Edelman Saudi ops
Dahlan has a decade of experience working in strategic communications Her previous roles include in-house positions at King Abdullah University...
E-commerce spurs sales in postnatal health market: FMI study
The global postnatal health supplements market is forecast to expand at 7 percent CAGR between 2021 and 2031 According to...
Virgin Mobile to go carbon neutral in Middle East
The company is also auditing vendors and supply chain for compliance with fair trade manufacturing and ethical practices It has...
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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
Company News
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Russia to continue voluntary oil export cuts by 300,000 barrels a day until yearend
Moscow, Russia - Russia will continue additional voluntary oil export cuts by 300,000 barrels a day until the end of...
Economy
UAE ministry issues guidebooks on Emiratization for employers, employees
DUBAI, UAE - The Ministry of Human Resources and Emiratization (MoHRE) has launched awareness guidebooks for private sector companies and...
Business
Israel ‘significantly refined’ battle plans against Hamas after talks with US
Tel Aviv, Israel - A senior Biden administration official revealed that Israel has made significant adjustments to its military strategy...
Geostrategy
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Geostrategy
US uses unarmed Pentagon assets to locate hostages in Gaza: US official
Washington, United States - The US is using unarmed assets of the Department of Defense to help locate hostages held...
- The two Americans that were able to get out of Gaza a couple of weeks ago proved it was possible, the official went on to say
- The situation in the Middle East sharply escalated following an incursion of Hamas militants from the Gaza Strip into Israel on October 7
Business
Saudi Arabian ministry issues 174 industrial licenses
RIYADH, SAUDI ARABIA – The Kingdom’s Ministry of Industry and Mineral Resources announced issuing 174 new industrial licenses in September,...
- The total value of the 174 new industrial licenses in September is US$1.4 billion (SAR 5.3 billion).
- A total of 82 factories started production in September, with investments worth US$506 million.
Business
Empower 9M revenue $618m
Firm paid cash dividend of US$115 million.
- For nine months period ending on September 30, 2023, Empower’s revenue and EBITDA grew by 9.5 percent and 7.5 percent respectively.
- On an absolute basis, Empower reported a net profit of US$186 million (AED 685 million) for the nine-month period ending September 2023.