Delegation highlights investment opportunities in Ras Al Khaimah
RAS AL KHAIMAH, UAE - A delegation from Ras Al Khaimah Economic Zone (RAKEZ) has concluded its visit to Russia...
Business
UAE’s global merchandise trade crossed $1trn mark in 2022: WTO
Based on data from the WTO, the UAE's export values in 2022 grew by 41%, while imports made up 22%...
Economy
OFID lends $25 million to Banco Ficohsa to bolster SMEs in Honduras
The bank is expected to use this to grant further loans to SMEs hit by Covid-19 and hurricanes This is...
Oil-producing countries postpone decision on output increase
UAE objects to extending of cuts to the end of 2022 as it seeks to grow production Members consider whether...
Saudi Arabia begins survey of ancient stone structures in northern region
Saudi Arabia has started a broad archaeological survey of ancient stone structures in the Northern Borders and Al-Jawf regions Its...
Saudi scientists testing a new technique to freeze carbon emissions
New testing is about half the cost of existing carbon capture techniques The cryogenic technology hopes to capture up to...
Citi’s revenue “nearly triples” in Saudi Arabia
Citigroup’s corporate and investment banking revenue nearly tripled in Saudi Arabia The group had returned to the kingdom three years...
Sharjah Police arrest 6 for smuggling drugs worth $9.5 million
Sharjah Police’s Anti-Narcotics Department recently seized 215 kg drugs with a market value AED35 million ($9.53 million) The cops seized...
TikTok users can now post videos up to 3 minutes
Option to post longer videos will roll out in the coming weeks TikTok has more than 1 billion users worldwide;...
Travelport agencies won’t have to pay Emirates’ GDS surcharge
Emirates NDC content will be distributed via Travelport+ platform GDS booking surcharge ranges between $14 and $25 Travel agencies connected...
UAE starts issuing work permits for Golden Residency holders
The Golden Residency program is a long-term residence visa the UAE started in 2019 for foreign nationals who want to...
Yemen gets $150-million World Bank aid for food, water, healthcare
Yemen is plagued by conflict that started with Houthi insurgence Some 80 percent of Yemenis are dependent on aid To...
Delegation highlights investment opportunities in Ras Al Khaimah
RAS AL KHAIMAH, UAE - A delegation from Ras Al Khaimah Economic Zone (RAKEZ) has concluded its visit to Russia...
Business
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Saudi Arabia’s inflation surges to 2.7 percent in July: GASTAT
Saudi Arabia’s inflation rose to 2.7 percent in July 2022 compared to June, according to the General Authority for Statistics...
Economy
‘Jordan committed to combating terror financing’
Governor of the Central Bank of Jordan (CBJ) Adel Sharkas said that terror financing is a threat to national economies,...
Economy
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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...
- The Museum of the Future with Dubai Electricity and Water Authority will showcase solutions for sustainability and renewable energy
- The agreement between the two organizations aims for constructive research that helps solve today’s ecological challenges
Business
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...
- Subscriptions worth BD 65.445 million ($173.5) were received for the BD 43 million issue, which carries a maturity of 91 days.
- The expected return on the issue, which begins on 17 August and matures on 16 November, is 3.80 percent compared to 3.96 percent of the previous issue on 13 July.
Business
DGCX licensed brokerage firms can now become DFM derivatives members
Dubai Financial Market (DFM) said Monday that it has obtained the approval of the Securities and Commodities Authority (SCA) to...
- Securities and Commodities Authority approves DFM to allow such firms to become DFM derivative members and provide their services in the market for the first time.
- Currently, there are approximately 21 DGCX brokers licensed by SCA and this significant step caters to the growing demand from these companies to access the DFM.