UAE, Costa Rica start talks to form economic partnership agreement
UAE minister said that the emirates will continue its efforts to build partnerships with strategic global markets under the country’s...
Business
Saudi Arabia invites bids for Jazan sewage treatment plants
Saudi Arabia authorities have invited bids from interested parties to develop small sewage treatment plants at Jazan, said local reports...
Tadawul in deal with SIX Group
The two will deal in Exchange products like cross listing & facilitate investors.
French firm to turn grain from Lebanon blast into compost
A French firm aims to turn tonnes of rotting grain at Beirut's devastated port into compost, the company said ,...
Emaar marks sukuk listing with bell
Emaar Chairman rings Nasdaq Dubai bell to celebrate $500m Sukuk listing.
Qatar takes key step to control own airspace
Qatar said on Tuesday that it has been given a preliminary green light by a UN body on a proposal...
Virgin Galactic falls back to Earth
Virgin Galactic has filed documents to sell as much as $500 million in shares.
Egypt law approves dismissal of anti-govt public workers
Egypt's parliament on Monday authorised the dismissal of public workers listed as government opponents and "terrorists", lawmakers said.
UAE to launch digital currency within five years
The United Arab Emirates will launch its first digital currency by 2026, the central bank of the country said on...
Oman ruler visits Saudi Arabia in his first official overseas trip
Oman’s ruler Sultan Haitham bin Tariq al-Said visited Saudi Arabia on Sunday on his first official overseas trip since assuming...
Middle East asset management industry grows 11% to $1.2trn
The size of the Middle East’s asset management industry grew 11 per cent from 1.1 trillion of Assets Under Management...
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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
UAE, Costa Rica start talks to form economic partnership agreement
UAE minister said that the emirates will continue its efforts to build partnerships with strategic global markets under the country’s...
Business
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Jordan’s anti-corruption body launches National Integrity Index
The Jordan Integrity and Anti-Corruption Commission (JIACC) on Monday launched the National Integrity Index (NII), which aims to gauge public...
Economy
Museum, DEWA partner for sustainable development
The Museum of the Future has signed a strategic partnership agreement with Dubai Electricity and Water Authority (DEWA) to showcase...
Economy
Bahrain central bank’s monthly Sukuk issue oversubscribed by 152%
The Central Bank of Bahrain (CBB) said Monday the monthly issue of the Sukuk Al-Salam has been oversubscribed by 152...
Business
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Economy
Oil prices fall as Aramco signals plan to raise crude production
Oil prices slipped in Asian trade, with both main contracts down around two percent as the stuttering Chinese economic recovery...
- Oil prices slipped in Asian trade, with both main contracts down around two percent as the stuttering Chinese economic recovery added to concerns about demand
- Crude prices which had gained following Russia’s invasion of Ukraine have declined over the last couple of months on fears of a possible economic recession
Business
Solutions by stc to buy Giza
The 89.49% stake in Giza Systems will cost it $158m.
- The company had entered a binding deal for the takeover of the stake in Giza Systems in addition to 34 percent of its unit, Giza Arabia
- The transaction is expected to be completed by the fourth quarter of 2022
Business
Saudi digital payments go up, represent 94% of all trades
The study highlighted how the government sector in the kingdom has almost completely converted to electronic payment methods for all...
- The use of electronic payments increased to 62 percent last year from 44 percent in 2019 across all areas of economic activities
- When it comes to the business sector, the share of electronic payments reached a substantial 84 percent of all business payments in 2021, up from 51 percent in 2019