Dubai leads way as GCC markets show mixed results
Amid market volatility influenced by geopolitical tensions and fluctuating oil prices, pharma, insurance, and healthcare indices led with substantial gains...Business Markets
Saudi Ports Authority invests US$3.46bn in maritime and logistics sectors
Riyadh, Saudi Arabia-- The Saudi Ports Authority also known as Mawani strengthened the maritime and logistics sectors with an investment...Business
UAQ Free Trade Zone to ease banking operations for SMEs, others
DUBAI: A Memorandum of Understanding signed between the National Bank of Umm Al Quwain (NBQ) and Umm Al Quwain Free...Companies registered in the zone can avail of priority banking.
Services that include transactions, payments, savings and credit from NBQ will help businesses build their credibility, NBQ said.
Oil demand to top pre-pandemic level next year: OPEC
The optimistic forecast comes as the OPEC cartel nations and their allies are beginning to raise output to meet recovering...The optimistic forecast comes as the OPEC cartel nations and their allies are beginning to raise output to meet recovering demand
The OPEC's output rose by 151,000 barrels per day during August to hit 26.76 mbd
UCAC gets nod to amend insurance practice
The company had sought Saudi Central Bank's approval for the amendment.After approval, the UCAC would be limited to the practice of insurance activity only.
In a bourse filing on Sunday, the company said it will reduced accumulated losses to SAR 113.6 million.
Apple fix for Pegasus breach
Researchers found the problem while analysing a Saudi activist's phoneResearchers found the problem while analysing a Saudi activist's phone
Hours after releasing the fix, Apple said it had "rapidly" developed the update
$250bn GCC rail project on track after hiccups
The project linking the six GCC countries is expected to boost exports, diversify mode of transportation and reduce carbon emissions...Once the project is completed in the GCC, the developers plan to link the railway line with the ones in Jordan, Syria and Turkey and connect to Europe from thereon.
GCC Railway project not only benefits the six countries economically but attracts investments, both local and foreign
Space tourism: What’s on offer for those who can pay?
The era of space tourism comes with many options: a few minutes of weightlessness, or a few days or a...SpaceX's INSPIRATION4 set this week is the first orbital mission involving four non-professional astronauts.
A trip in a module of Space Perspective, hoisted by a space balloon the size of a football stadium costs $125,000.
UAE to tighten the screws on money laundering
Taking a strong stance against money laundering, the Central Bank of the UAE (CBUAE) has issued a new guidance on...The guidance serves as a key point of reference for licensed financial institutions to ensure their compliance with anti-money laundering
The guidance, which comes into effect today, requires LFIs to demonstrate compliance with CBUAE’s requirements within one month
Boursa Kuwait suspends 10 companies from trading
The reasons behind the penalty included not declaring quarterly financials, and not paying their annual subscription fees.Boursa Kuwait listed seven reasons why the companies had been suspended from trading
Some companies have been penalized for multiple reasons
Apicorp to allot $1bn for green energy
The bank will make the investment over the next two years.Currently, green assets comprise more than 13 percent of the bank’s overall portfolio
This is equal to around $550 million in loans and direct investments
Sohar Int’l raises Tier 1 capital by $130m
The Omani bank's new rights issue has been fully subscribed.Issuance fully subscribed, drew interest from HNWIs, retail investors, corporates
“Such overwhelming participation demonstrates the robust capabilities of Sohar International in terms of attracting capital to advance its strategic agenda"
