Business
Two Iraqi banks to open in Saudi Arabia
The Saudi Central Bank has announced the opening of two branches of two Iraqi banks in Riyadh, and confirmed the...
- The bank also indicated the allocation of more than one billion Riyals ($270 million) to the Sports City.
- In 2021, the second training program for employees of the Central Bank of Iraq was started
Business
Qatar and US talk gas supplies as Russia threatens Ukraine
Qatar is in talks with the US and other gas exporters to prepare a contingency plan for a possible disruption...
- The talks with Qatar and some EU nations have focused on new ways to secure alternative seaborne liquefied natural gas cargoes
- Officials are concerned that Europe could face widespread chaos, with blackouts and industrial disruption, if Russian gas exports fall sharply following an invasion
Business
Interconnection Authority enables Middle East save $3bn
The setting up of the Gulf Cooperation Council Interconnection Authority in 2019 has enabled countries in the Middle East to...
- Savings have come from a reduced need for new generation plants, thus lower operating and maintenance expenses, and reduced carbon emissions
- In a two-day meeting, the parties agreed on preparing a business case to explain the benefits of electrical connection and to complete the required procedures
Business
UAE and Singapore explore ways to boost trade
The UAE and Singapore will explore ways to enhance bilateral relations in light of the agreement signed between the two...
- The ideas to boost ties were discussed in a meeting between Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Teo Chee Hean, Singapore’s Senior Minister
- They also discussed various issues of mutual interest including global efforts to speed up recovery to reach pre-pandemic levels
Geostrategy
Germany to offer €100m loan to reform Tunisian banking sector
This disbursement is part of a loan agreement signed in 2020 between Tunisia and the German Development Bank to improve...
- This disbursement is part of a loan agreement signed in 2020 between Tunisia and the German Development Bank to improve access to financing for SMEs
- German Ambassador to Tunisia Peter Prüge said that the decision to give loan was taken in view of the roadmap for restoration of democracy prepared by Tunisian President Kais Saied
Geostrategy
Saudi Arabia denies targeting Yemen prison
The spokesman of Saudi led coalition also said the facility was not on the OCHA no-target list.
- The Saudi-led coalition has denied the allegations of Iran-backed Houthi rebels on the coalition targeting a detention center in Yemen
- The coalition will share the facts and details of strike with OCHA and ICRC, as well as the media misinformation exhibited by Houthi military
Economy
Tadawul approves listing of SAR 2.8bn debt instruments
The debt instruments are issued by the Saudi government and submitted by the Ministry of Finance.
- The debt instruments are issued by the Saudi government and submitted by the Ministry of Finance
- The debt instruments' first issuance stands at SAR 1.248 billion, while the second offering is valued at SAR 1.585 billion
Geostrategy
GCC, EU hold 4th Trade and Investment Dialogue
The dialogue discusses the new developments in trade and investment exchange.
- The dialogue discusses the new developments in trade and investment exchange
- The two sides also discussed the cooperation in regulatory aspects and commercial laws
Business
Deliveroo’s new UAE service
Deliveroo Plus allows customers to receive unlimited free delivery.
- Deliveroo Plus allows customers to receive unlimited free delivery on all orders above AED 30 for only AED 39 per month
- Deliveroo Plus allows customers to receive unlimited free delivery on all orders above AED 30 for only AED 39 per month etc
Business
Qatar Airways counters Airbus order cancellation with A350 video
The move came within mere hours of Airbus cancelling an order of 50 of its A321neo aircraft, which it was...
- The order was estimated to be worth $6 billion based on Airbus’ catalog price
- However, but airlines are known to get better deals from plane-makers
Most Read
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
Company News
Abdullah bin Zayed meets Benjamin Netanyahu
Geostrategy
Latest News
Emirates NBD profit rises 25 percent to $2.47 bn for Jan-Sept period
Q3 profit was AED3.8 bn, up 51 percent year-on-year, exceeding the $1bn mark.
Business
Emirates Islamic bank net profit for Jan-Sept period $285 million
The bank attributed the profit to higher funded and non-funded income.
Business
UAE President, Austrian Chancellor discuss bilateral relations
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Federal Chancellor of the Republic of Austria Karl Nehammer met in...
Geostrategy
Most Read
Geostrategy
Arab-Israeli banker talks up Saudi market at investor forum
Samer Haj-Yehia, the Arab-Israeli chairman of Bank Leumi since 2019, was addressing the Future Investment Initiative, a three-day conference held...
- "You see the economy is very healthy, unlike other economies around the world, and the prospects for the future are very positive," he said.
- His comments follow rampant speculation about future bilateral ties between Saudi Arabia and Israel, which US officials stoked ahead of Joe Biden's visit to Jeddah in July.
Economy
UAE tops list of foreign direct investors in Egypt: Egyptian PM
The UAE president Sheikh Mohamed bin Zayed Al Nahyan, and Abdel Fattah El Sisi, President of Egypt have met recently...
- The UAE president Sheikh Mohamed bin Zayed Al Nahyan, and Abdel Fattah El Sisi, President of Egypt have met recently on several occasions
- Egypt eyes the effective participation of UAE investors under the umbrella of the State Ownership Policy Document, Egyptian PM Madbouly said
Business
UAE-Kazakhstan trade reached $907 million in 2021: Ambassador Menelikov
The Kazakhstan ambassador valued the UAE leadership's interest in strengthening relations between the two countries, pointing out that the 1st...
- Emirati investments in Kazakhstan amounted to about $2.7 billion since the establishment of diplomatic relations.
- Value of Kazakh investments was more than $1 billion, and total direct investment flows from the UAE increased 43 percent.