Saudi Arabia real GDP grows 1.1 percent in Q2 2023
RIYADH, SAUDI ARABIA - The real GDP of Saudi Arabia grew by 1.1 percent in the second quarter of 2023,...
Economy
Proton says will analyze VPN sign-ups to identify attacks on democracy
GENEVA, SWITZERLAND - Internet privacy company Proton announced Wednesday a new VPN Observatory, tracking demand for its services to detect attacks...
Business
Business
Saudi stock market index ends high at 11,495.76 points
The main Saudi stock index closed today, up, gaining 112.11 points, to close at 11495.76 points, with trading value worth...
- The volume of traded shares, reached 180 million, through more than 290 thousand deals
- The Saudi Parallel Shares Index (NOMU) closed today, down, losing 257.36 points, at 23652.32 points level, with trading value worth SR 51 million
Expo 2020 DUBAI
UAE Central Bank to issue commemorative Expo 2020 silver coins
DUBAI: The Central Bank of the UAE (CBUAE) has announced it will issue silver coins that feature Expo 2020’s official...
- All issued commemorative coins will be available for sale via the Expo 2020 official stores as well as the New Zealand Mint’s website.
- Costing coins will be available for sale via the Expo 2020 official stores and New Zealand Mint’s website.
Business
Al-Rajhi Capital predicts Saudi oil revenues to touch $145.3bn at the end of 2021
Al-Rajhi Capital believes that Saudi oil revenues will touch $145.3 billion at the end of 2021, while total state revenues...
- The bank's estimate for non-oil revenue is at $101bln
- The assessment was made on the Saudi budget forecast released on Thursday
Geostrategy
Jordan, Lebanon discuss cooperation
Jordanian Prime Minister Bishr Khasawneh met his Lebanese counterpart Najib Mikati to discuss cooperation and help Lebanon.
- Jordanian Prime Minister Bishr Khasawneh underlined his country’s support for Lebanon to overcome ongoing challenges
- He also pointed to the relations that bind the two countries and peoples, highlighting Jordan's commitment to enhancing joint cooperation
Business
Saudi Arabia to strengthen trade ties with Austria
The Saudi delegation of the trade system was headed by Minister of Commerce Majid Al-Qasabi.
- During the meeting, the countries discussed opportunities to enhance and develop commercial relations
- They also talked of ways to upgrade the level of trade exchange and cooperation between the two countries
Expo 2020 DUBAI
Dubai Expo 2020 to attract 25 million business, tourist visits
The full expo site has opened its doors to exhibitors from almost 200 countries.
- The full expo site has opened its doors to exhibitors from almost 200 countries
- The event was chosen eight years ago to follow the 2015 Expo in Milan, Italy, and cost around $6.8 billion
Business
ADNOC Distribution will pay $350 million H1 interim dividend to shareholders
DUBAI: ADNOC Distribution has announced AED1.285 billion ($350 million) as an interim dividend payment to shareholders for the first six...
- This is the first payment in what is expected to be a full-year 2021 dividend payment of AED 2.57 billion.
- The company has set a minimum of AED2.57 billion dividend for 2022.
Business
Oman looks to tap Brunei for cooperation
Oman’s Foreign Minister Sayyid Badr Hamad Al Busaidi and Brunei Darussalam’s Second Foreign Minister Dato Seri Setia Haji Erywan bin...
- During the meeting, the ministers stressed on their keenness in promoting cooperation in various fields, especially in areas of joint investments
- They also exchanged views on regional and international matters of common interest
Economy
Seamless Middle East 2021 held in Dubai
The event, sponsored by the Arab League and organised by Terrapinn, was held at the Dubai World Trade Centre.
- The event, sponsored by the Arab League and organised by Terrapinn, was held at the Dubai World Trade Centre
- Participants in the event included a number of international institutions and organisations, such as Harvard University, the UN and the World Bank
Expo 2020 DUBAI
US Pavilion to inspire ‘spirit of freedom’: Commissioner General
Robert Clark praised the UAE for transforming “the sands of the desert into a thriving World’s Fair site, complete with...
- Robert Clark praised the UAE for transforming “the sands of the desert into a thriving World’s Fair site, complete with spaces for 192 nations to connect
- Clark added that the USA Pavilion will welcome millions in-person and online
Saudi Arabia real GDP grows 1.1 percent in Q2 2023
RIYADH, SAUDI ARABIA - The real GDP of Saudi Arabia grew by 1.1 percent in the second quarter of 2023,...
Economy
Company News
Latest News
Saudi Arabia, Oman ministers discuss industrial cooperation
Oman Minister of Commerce along with a delegation met Saudi Arabia Minister of Industry where the two discussed industrial cooperation...
Geostrategy
World Green Economy Summit to discuss food security
The eighth World Green Economy Summit (WGES) will explore ways to improve global food security, sustainability of the food systems...
Geostrategy
UAE, Uruguay discuss cooperation in various fields
Speaker of the UAE Federal National Council (FNC) Saqr Ghobash discussed with Uruguay's Minister of Livestock, Agriculture and Fisheries Fernando...
Geostrategy
Most Read
Economy
World Bank warns of risk of global recession in 2023
A major factor in bringing the world to this pass is the simultaneously hike in interest rates by central banks...
- A major factor in bringing the world to this pass is the simultaneous hike in interest rates by central banks across the world to tame the inflation, the World Bank said
- The study relies on insights from previous global recessions to analyze the recent evolution of economic activity and presents scenarios for 2022–24
Economy
Egypt remittances drop 14.7% to US$2.38 billion in July
The drop comes as the exchange rate of the Egyptian pound is seeing a decline in light of the pressures...
- Remittances from Egyptians working abroad are one of the most important sources of foreign exchange for the country, along with tourism, the Suez Canal, and exports
- Expatriate remittances have increased since Egypt liberalized its currency exchange rate in November 2016 as part of economic reforms
Geostrategy
UAE FM meets Israeli Finance Minister, discusses economic cooperation
Sheikh Abdullah said that the UAE and Israel, since the signing of the Abraham Accords Peace Agreement, have established a...
- Sheikh Abdullah said that the UAE and Israel, since the signing of the Abraham Accords Peace Agreement, have established a model for constructive cooperation
- Lieberman welcomed the visit of Sheikh Abdullah and his accompanying delegation, stressing the importance of this visit in strengthening bilateral relations