Gross written premium rises by 12.7% in Q4 2023 to US$14bn, says CBUAE
ABU DHABI, UAE - The UAE insurance sector continued to grow in Q4 2023, as reflected by the increase in...
Economy
Saudi tourism hits record $36 billion inbound spending in 2023
Riyadh, Saudi Arabia - Saudi Arabia's tourism sector contributed to a record-breaking $36 (SR135 billion) in spending by international visitors....
Economy
Abu Dhabi, Dubai villa market rental rates stay strong in Q1
The Abu Dhabi residential market delivered 1,700 apartments, 50 villas during the quarter  Grade A and B office buildings in...
Rashad Al Shaikh is OAB’s new Head of Retail Banking Division
The decision is result of Al Shaikh's successes as acting head in the digital retail banking Al Shaikh has an...
Emirates Mars mission Hope to begin two-year probe
The aim of the mission is to take a complete picture of Mars’ lower and upper atmospheres The Hope will...
Airport Show-2021 begins amid signs of industry’s global recovery
Against 4.5 billion travellers in 2019, only 1.8 billion passengers took to the skies in 2020 The pandemic led to...
UAE to curb terror financing, money laundering in gold trading businesses
The companies were asked to speed up the amendment of their conditions to avoid penalties stipulated by the Federal Law...
Saudi Arabia clamps down on anti-vaxxers
The country of 34 million has already administered 12 million doses Over 7,200 people have died of coronavirus in the...
Qatar backs Libya’s UN-backed political process
Libya has experienced a decade of conflict and foreign interference Several countries have reopened embassies since Libya's new government took...
UAE offers to mediate between Israel, Palestine
Egypt has been instrumental in a recent Israel-Palestine ceasefire in the region  The UAE has said the "Abraham Accords" would...
Morocco bristles as Spain fetes Western-Saharan independence movement leader
Ghali has been receiving treatment for Covid-19 in northern Spain since April Morocco said the 75-year-old had entered Spain with...
Creditors appoint financial advisers to oppose Emirates REIT $400 million exchange offer
Rothschild, Clifford Chance to challenge Emirates REIT’s $400 million exchange bid Creditors likely to make a better counter offer A...
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Gross written premium rises by 12.7% in Q4 2023 to US$14bn, says CBUAE
ABU DHABI, UAE - The UAE insurance sector continued to grow in Q4 2023, as reflected by the increase in...
Economy
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stc buys stake in Telefónica
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Saudi Arabia to register 50,000 urban heritage assetsÂ
Arts & Culture
The ‘Pax Americana,’ the ‘American world’ with a single hegemon is crumbling: Putin
Novo-Ogaryovo, Russia: The United States and its satellites are benefiting from conflicts in the Middle East and other parts of...
Geostrategy
Biblical-scale catastrophe unfolding in Gaza Strip: Russia’s UN envoy
United Nations, New York - A humanitarian catastrophe on a biblical scale is unfolding in the Gaza Strip, Russia’s Permanent...
Geostrategy
Saudi civil aviation authority announces economic policy of sector
RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) has announced the economic policy of the civil aviation...
Geostrategy
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Business
SABIC Agri-Nutrients profit falls
SABIC Agri-Nutrients Q3 net profit fell 55% to $280 million.
- Revenue fell 40 percent year-on-year (YoY) to US$712 million (SAR2.67 billion) in the three months ended September 30, 2023.
- Net profit dropped 66 percent to US$714 million (SAR 2.68 billion) in the first nine months of 2023 compared to US$2 billion a year ago.
Economy
Saudi Fund for Development signs $100m loan pact to support the water sector in Argentina
Riyadh, Saudi Arabia - Saudi Fund for Development (SFD) on Sunday signed a $100 million loan agreement to support the...
- The agreement will support the growing demand for potable water in Argentina’s provinces of Santa Fe and Córdoba
- Phase 1 of the project will develop from Coronda, in the province of Santa Fe, to San Francisco, in the province of Córdoba
Geostrategy
Russian ambassador summoned by Israeli over Hamas visit to Moscow
Moscow, Russia - Israeli authorities have summoned the Russian Ambassador to Israel, Anatoly Viktotov, in response to a recent visit...
- The visit by the Hamas representatives to Moscow was followed by meetings with senior Iranian envoys
- Russia's previous submission of a UNSC resolution condemning violence against civilians did not mention Hamas