ADDED ink deal with Wio Bank to aid SMEs growth
ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) and Wio Bank announced on Tuesday that would...
Business
Dubai records $450 million in real estate transactions: DLD
Dubai, UAE - Dubai's real estate market recorded real estate deals worth AED1.8 billion on Monday, Dubai Land Department said....
Business
Saudi youth excel in event management in Jeddah Season
Arts & Culture
Digital Payments in Egypt and Saudi Arabia rising, with push from pandemic
Analysts at Jordan-based Arab Advisors Group have said digital payments in Egypt and Saudi Arabia are on the rise
Diyar Al Muharraq starts training for engineering students in Bahrain
Real-estate development company Diyar Al Muharraq has launched a training program for engineering in Bahrain
McLaren raises US$757m, adds Saudi wealth fund as investor
The deal makes Saudi Arabia’s PIF a minority shareholder in the group Some of the money raised will be used...
UAE Central Bank unveils norms for retail payment services
The Central Bank of the United Arab Emirates (CBUAE) has unveiled the Retail Payment Services and Card Schemes Regulation.
Sharjah Islamic Bank’s profit rises 25.6% in H1
Sharjah Islamic Bank's operating profit increases 25.6% to AED 417.3 million in the first six months
Abu Dhabi implements comprehensive action plan for Eid Al Adha
The Abu Dhabi Waste Management Centre, or Tadweer, now has a comprehensive sanitation plan for Eid Al Adha
Centara to manage 64-unit Oman hotel
The property in question is Al Hail Waves, and is ISAHC’s third in Oman that Centara will manage.
French judges weigh money-laundering charges against Lebanon’s central bank chief
French anti-corruption judges are probing money-laundering charges against Lebanon's central bank chief Riad Salameh
Saudi Arabia allows businesses to remain open during prayers
Saudi Arabia has officially allowed businesses to remain open during the five daily Muslim prayers. The decision is said to...
Economy in focus as Assad retains Syria’s presidency for fourth term
President Bashar al-Assad vows to focus on economy after taking the oath of office for a fourth term in Syria...
ADDED ink deal with Wio Bank to aid SMEs growth
ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) and Wio Bank announced on Tuesday that would...
Business
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Saudi youth excel in event management in Jeddah Season
Arts & Culture
Abu Dhabi Airports teams up with ICP to boost passenger service
The partnership aims to achieve the highest levels of service excellence at all terminals and facilities of Abu Dhabi Airports.
Business
UAE busy in strengthening its food security system
The UAE is strengthening its food security system through policies that include promoting cooperation with other countries and markets, diversifying...
Economy
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Business
Kuwait’s National Fund shored up 132 SMEs during pandemic
Kuwait's National Fund for SME Development (SME Fund) has helped resolve the problems of 132 small and medium-sized enterprises (SMEs)...
- Founded in April 2013 under Act 98, the government Fund approved establishing 1,422 projects and joint agreements with 992 SMEs.
- Some SMEs offered essential backing to the national economy during pandemic in areas such as medical services, logistics and foodstuff.
Business
Non-Arab foreigners invest $4.23bn in UAE stocks since Jan 2022
According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors purchased local stocks worth AED70.27bn from the beginning of...
- The purchases of non-Arab foreign investors in the Dubai Financial Market totaled some AED18.75bn since the start of this year.
- The UAE has been ranked first in the Arab world and 19th globally for its ability to attract foreign direct investment in a report by UNCTAD.
Business
Trakhees reports 22 percent H1 growth in commercial licensing business
Dubai’s Department of Planning and Development, Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation, has completed...
- The Licensing Department provides corporate licensing services to local and free zones and government bodies including issuing work permits, establishment cards and NOCs.
- The demand for local licensing services by customers, both individuals and companies, to reach 7,067 transactions from January to June of this year.