Bitcoin crosses $45,000 for first time since April 2022
Dubai, UAE--Bitcoin stormed above $45,000 on Tuesday for the first time since April 2022.Bitcoin touched a 21-month peak of $45,532,...Business
Najran extends MoU with Ayan for Commerce & Industry
Jeddah, Saudi Arabia - Saudi Arabia's Najran Cement Company has announced the extension of its non-binding memorandum of understanding (MoU)...Business
UAE and KSA: Competing for a real estate pie
Saudi Arabia and the United Arab Emirates contributed about 70 percent of the total value of the Gulf Cooperation Council's...Saudi Arabia and the UAE contributed about 70 percent of the total value of the GCC's real estate deals in H1 2021
Reports published by KAMCO Research claim Saudi Arabia provided 44% of the value of deals in the MENA region in 2021
Saudi CMA looks to double $213bn funds under its control
The Saudi Capital Market Authority (CMA) intends to double the $213 billion funds under its management.The Capital Market Authority wants to create more jobs in the financial sector by increasing the assets under management
The Fintech accelerator is helping to build the capabilities and talent required by financial technology companies
Al-Nefaie named Seera Group CEO
He was appointed acting CEO of the group in AprilMajed bin Ayed Al-Nefaie succeeds Abdullah Al-Dawood.
He has been the vice-president of the revenue department at Makkah Construction and Development Co.
Kuwait population down 0.9 percent in H1 due to expat exodus
DUBAI: Kuwait’s population decreased by 0.9 percent in the first six months of this year to 4.62 million, as expatriate...More than a third of Kuwait population under 15, likely to put more pressure on the labor market.
Total employment fell by 1.7 percent in H1 due to moderation in hiring activity among Kuwaiti nationals in the private sector and a drop in expat employment.
Saudi Arabia and Greece to set up business council to deepen trade
Saudi Arabia and Greece have decided to set up a business council in order to enhance bilateral trade and investment...The body will aim to open new areas for economic cooperation, facilitate continuous interaction between the Saudi and Greek business sectors
The new council will also exchange information on available markets and investment opportunities, enable commercial and investment partnerships
$4 billion infrastructure and road projects ready for Expo 2020: RTA
The Road and Transport Authority has charted out technical event management plans and developed a structure for the mobility of...The projects included the construction of an Enterprise Command and Control Centre, hailed by RTA as one of the biggest and most sophisticated control centers in the world.
Dubai Metro Expo 2020 Station will operate on October 1, synchronized with the official opening of Expo 2020.
Japan sees Middle East as vital in creating hydrogen-based society
Kajiyama Hiroshi, the economy, trade and Industry minister of Japan, said that Middle Eastern countries are important partners in creating...'The large-scale and inexpensive hydrogen supply is indispensable'
Hydrogen and ammonia are attracting attention as new energy sources
Digital inclusion vital for economic growth: Experts at WEF discussion
DUBAI: An estimated 47 percent of people worldwide are offline, and the cost of available broadband exceeds affordability targets in...An estimated 47 percent of people worldwide are offline, and the cost of available broadband exceeds affordability targets in 50 percent of developed countries.
The UAE’s information and communications technology spending is estimated to reach $23 billion by 2024.
What are the top ecommerce platforms in the GCC?
Ecommerce in the world in general and the GCC region in particular has proliferated despite the Covid-19 pandemic, or probably...The UAE and Saudi Arabia together accounted for 75 percent of total ecommerce sales in the region
Ecommerce is expected to rise at a compound annual rate of 19 percent in 2024
Mubadala mining JV unit sold
Matsa is a JV subsidiary of Mubadala and Trafigura.The deal is valued at €1.58 billion ($1.85 billion)
It is expected to conclude in the first quarter of 2022
