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
Global football stars choose Red Sea destination for holiday
TABUK, SAUDI ARABIA – A few days ago, the Red Sea destination hosted several international football stars from Saudi Pro...
Business
Nestle, LuLu join hands to promote use of reusable grocery bags
Some 100,000 bags to be provided to shoppers at LuLu Nestlé claims to be committed to improving packaging and reducing...
Luxembourg-UAE ties to expand beyond financial services: minister
At present, financial services form Luxembourg's biggest export to UAE Future economic ties to also focus on will space, fourth...
Iraq’s last gas bottle delivery crooner dreams of stardom
*Mountazar Abbas, the last gas bottle deliveryman, says the trade is tough and badly paid *The tradition of the singing...
UAE desires broader trade relations with Iraq
The ambassador of the UAE Al Zaabi made this statement during his visit to the Federation of Iraqi Chambers of...
GISEC 2021: Strategies for ‘guarding the digital vault’ discussed
GISEC 2021 is the Middle East’s most influential and connected cybersecurity event International chief information security officers (CISOs) map out...
ADX lists US$1 billion bonds issued by Abu Dhabi Ports
The 10-year bonds, with a primary listing on the London Stock Exchange, rated A+ (stable) by both S&P and Fitch ...
Sharjah Health Authority service charges get ruler’s approval
Local reports said the charges enhance the progress of business in the health sector They also reportedly provide a stimulating...
Stake, a Dubai startup backed by Saudi, to expand into kingdom
The company announced on Tuesday it has raised $4 million in a seed funding It has raised 15 million dirham...
Riyadh to become advertising capital of the Middle East: Sorrell
The WPP, the company Sorrell founded in 1985 has become the biggest advertising and communications group in the world The...
OECD sees higher world GDP growth but fears ‘headwinds’
World economy will expand by 5.8 percent this year OECD chief describes the shortage of vaccines in low-income economies 'very...
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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
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
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Masdar, Africa50 sign MoU
Business
Hamas ready to swap prisoners with Israel, says official
NEW YORK, US - Hamas is ready for a "complete compromise" deal on the issue of swapping hostages with Israel,...
Geostrategy
UAE president, rulers of Emirates celebrate flag day
Abu Dhabi, UAE -- The UAE President Sheikh Mohamed bin Zayed Al Nahyan and the Supreme Council Members, rulers of the Emirates,...
Blinken’s visit to Israel to focus on minimizing civilian casualties
Washington, United States - US Secretary of State Antony Blinken who arrived in Israel today on a diplomatic visit will...
Geostrategy
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Business
ADX partners with HSBC to develop digital assets
Abu Dhabi, UAE - Abu Dhabi Securities Exchange (ADX) and HSBC Bank Middle East Limited are working together in the...
- The initiative leverages the investment product knowledge of ADX, and HSBC’s investment banking, capital markets and blockchain capabilities.
- Digital bonds are financial instruments that are created and managed using blockchain and smart contract technology to create efficiencies in capital markets
Geostrategy
Israeli Prime Minister orders hunt for Hamas leaders: Seymour Hersh
New York, United States - Israeli Prime Minister Benjamin Netanyahu reportedly ordered Israeli intelligence agencies to track and assassinate all...
- Hersh claims that, based on information from a "well-informed Israeli," Netanyahu tasked intelligence agencies with a mission to eliminate Hamas leaders
- The directive is said to extend to the families of Hamas political and military leaders, including their spouses, siblings, children, and parents
Americana Restaurants reports $1,897m revenue
The company's adjusted EBITDA reaching $446.5 million.
- Profitability remained a key highlight, with the company's adjusted EBITDA reaching $446.5 million for the first nine months of 2023
- The company's steady expansion continued, adding 184 gross new restaurants, bringing the total portfolio to 2,338 restaurants