Debt, trade barriers drag Asian economies in 2024, says World Bank report
BANGKOK, THAILAND – Asian economies are not doing as well as they could and growth in the region is forecast...
Economy
Digital transformation fuels GCC banks’ growth
The banking sector across the GCC has demonstrated formidable growth and profitability, with Qatar leading in several key performance indicators,...
Business
No jurisdiction to decide Suez Canal claims: Egyptian court
The court refers the dispute between the Suez Canal Authority and Ever Given to a lower court The ship company...
Bashar al-Assad likely to emerge winner, in a poll seen as mere ritual
Assad has cast himself as the sole architect of a reconstruction phase for the war-ravaged country Having overseen total destruction...
Cairn case: Indian state-owned banks not to withdraw overseas funds
Vested parties have orchestrated such reports, Indian Ministry of Finance said Cairn dispute relates to transfer of shares by Cairn...
Emirates to resume flights to Venice from July
The airline will also increase its flights to Milan Travelers must also take a Rapid Antigen swab test on arrival...
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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
Debt, trade barriers drag Asian economies in 2024, says World Bank report
BANGKOK, THAILAND – Asian economies are not doing as well as they could and growth in the region is forecast...
Economy
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Saudi Arabia to register 50,000 urban heritage assets
Arts & Culture
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SABIC Agri-Nutrients profit falls
SABIC Agri-Nutrients Q3 net profit fell 55% to $280 million.
Business
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...
Economy
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Business
Saudi Exchange to launch Single Stock Options contracts
Riyadh, Saudi Arabia – The Saudi Exchange on Sunday announced its intention to launch the Single Stock Options (SSOs) contracts,...
- SSOs contracts will be available to trade on 27 November 2023, enabling local and international investors to hedge and manage portfolio risks effectively
- The contracts will be cleared and settled by the Securities Clearing Center Company (Muqassa) in line with international best practices
Business
Mubadala issues its first-ever Green Bond for $750m
Abu Dhabi, UAE - Mubadala has issued its first-ever Green Bond for US$750 million with a tenor of 10.5 years,...
- The order books peaked at more than $6 billion with robust demand from local, European, Asian, and American accounts
- The transaction further diversified Mubadala’s debt investors base by bringing in new investors, as a large proportion of demand came from new investors
Business
Oil prices surge 3 percent amid Middle East tensions
New York, United States - Oil prices experienced a 3% surge on Friday, reaching a one-week high, driven by escalating...
- Brent crude futures increased by $2.55, or 2.9%, settling at $90.48 a barrel, while US West Texas Intermediate (WTI) crude saw a rise of $2.33, or 2.8%, closing at $85.54
- The widening gap between Brent and WTI prices, reaching its highest level since March, is making it more enticing for energy firms to export crude from the U.S.