The profit jumped to US$41.40m in 2023.
- The company said lower energy prices cut into its profits.
An Iranian court has sentenced the former governor of Iran’s central bank to 10 years in prison for violating the...Zabihollah Khodaeian, judiciary spokesman, told state TV that besides violating the currency system, Valliollah Seif also had a role in smuggling foreign currency
State TV said they were involved in violations of the currency market in 2016
The e-cheques will retain all the basic functions, legal validity, and benefits of paper cheques while providing a paperless payment...The e-cheques will come into effect on October 19, and will be available through two apps
They are expected to complement traditional paper cheques, which are a popular payment instrument in Bahrain
Russian President Vladimir Putin signaled tolerance of cryptocurrencies, but is still not convinced they can replace the US dollar in...Russia has sought alternatives to trading in dollars since being slapped with sanctions in 2014 following the annexation of Crimea
“It is legitimate and can be used in settlements, no doubt about that, but it is too early to use it for trading in oil"
The 2022 FIA Formula 1 World Championship will kick off at the Bahrain International Circuit.This will be the fourth time that the Formula 1 season will start in Bahrain
The championship-opener was previously held at BIC in 2006, 2010 and in 2021
The Saudi and UAE bourses saw quite some ups and downs in the week that began on Sunday, October 10.The Saudi index started the week dropping 0.2 percent and closed the week increasing 0.64 percent
Financial-sector stocks helped Dubai and Abu Dhabi indices end the week up 0.01 percent and 0.33 percent, respectively
Thousands descended on St James' Park when the takeover was finalised just over a week ago, celebrating the end of...Amanda Staveley says the consortium's ambition is to turn the struggling club into Premier League champions within the next decade
Newcastle sit second bottom of the table, without a win in their opening seven league games this season
People in the Middle Eastern countries are increasingly relying on apps to manage their money, streamline expenses and other banking...TRENDS presents a list of apps that can be used to manage personal finances in UAE and elsewhere in the region, as well as those that can be used anywhere
Middle East has one of the highest percentages of smartphone penetration in the world
Bitcoin breached the $60,000 mark for the first time since April on growing hopes that US regulators will greenlight the...The SEC has rejected attempts to create such an ETF since 2013
An ETF is a financial product that can include different assets and be traded on an exchange like other stock
A court in Dubai has directed Nissan Motor Co. Ltd. and Nissan Middle East to pay $354 million as compensation...The case sought compensation for damages suffered due to breach of contract allegedly committed by Japanese automaker Nissan
The Dubai court issued a precautionary attachment order over goods and moveables
- Dubai Multi Commodities Centre (DMCC) has sold a 100+ carat rough diamond for $5.218 million (US$ 44,004 per carat) in...
The 118.58-carat type IIa stone was viewed by top diamond trading companies from Asia and Europe.
During one tender event in Dec. 2020, $87 million worth of rough diamonds were sold at Dubai Diamond Exchange.
