Card transactions drive 8 percent Saudi spending growth in Nov
Riyadh, Saudi Arabia --Consumer spending in Saudi Arabia grew by 8 percent to SAR 111.5 billion ($29.73 billion) in November...Business
ADIB-Egypt introduces Shariah-compliant private banking services for HNWIs
Cairo, Egypt – ADIB-Egypt has launched its exclusive portfolio of Private Banking Services, providing a Shariah-compliant banking proposition for its high-net-worth...Business
Oman sets terms for top hotels to open event halls
Four and five-star hotels in Oman may open meeting and celebration halls, but must follow certain restrictions.Celebration and meeting halls in top hotels can function with a maximum of 35 percent capacity
The hotels would have to allow entry to only those fully immunized with vaccines approved Oman
Lebanon taps Dubai’s ENOC for fuel swap
Lebanon is expected to use ENOC’s fuel to generate electricity, as the Iraqi oil is deemed unsuitable for the process.As part of the deal, Lebanon will give ENOC 84,000 tons of Iraqi high-sulfur fuel oil
In return, the country will receive 30,000 tons of Grade B fuel oil and 33,000 tons of gasoil
Israel gives hospitals $31 million to end partial strike
Finance Minister Avigdor Liberman said the Treasury had transferred the amount to the public hospitals.Staff and administrators at these hospitals have been protesting against the government’s failure to provide adequate healthcare funding
Since Wednesday morning, several public hospitals in Jerusalem have not been admitting patients from brought by the emergency services
Iran steel production rises 10% in 2021
The country has kept its position as the 10th largest producer of steel in the world this year.The performance of some leading Iranian steel companies indicates they exported 916,236 tons of steel in June
This which indicates a growth of 104 percent compared to June 2020
$1.68 billion weeklong realty deals recorded in Dubai
DUBAI: Real estate and property transactions worth AED 6.2 billion were recorded in Dubai during the week ending Thursday. Dubai...The most expensive plot of land sold for AED33 million in Hadaeq Sheikh Mohammed Bin Rashid.
Jabal Ali First recorded the most transactions for this week by 75 sales transactions worth AED315 million.
Facebook may launch digital wallet
The wallet, Novi, would let users store cryptocurrencies.Facebook said in 2019 it planned to introduce a cryptocurrency called Libra, which changed its name to Diem in 2020 after facing regulatory resistance.
Company says it would have preferred to release Novi alongside Diem, but the latter's timing was uncertain.
Majid Al Futtaim secures $1.5bn SLL
Women to form 30 percent of board members under agreement.The revolving credit facility is the largest in the MENA region.
Company also plans to have all its malls certified LEED Gold or better.
Disney, Delta, Big Tech dampen movie theater party at CinemaCon
After a year-and-a-half of big film releases placed on hold due to Covid, the CinemaCon trade summit has seen studios...After a year-and-a-half of big film releases placed on hold due to Covid, the CinemaCon trade summit has seen studios show off a glut of forthcoming blockbuster offerings
But beneath the talk of theatrical renaissance is a great deal of uncertainty -- highlighted by the absence from Caesars Palace of Disney
Qatar gets first batch of Boeing F-15 fighter jets
They were produced by the United States and Boeing in partnership with Qatar itself.The rollout took place on Wednesday in a ceremony at Boeing’s headquarters in the US state of Missouri
Qatar’s Minister of State for Defense Affairs Khalid bin Mohamed Al Attiyah was in attendance
Saudi Arabia taps Alibaba to help Chinese tourists
Alibaba Cloud is expected to help promote Saudi Arabia as a tourist destination to travelers in the Chinese market.The deal establishes the framework for a collaborative arrangement for Chinese tourists traveling to Saudi Arabia
The agreement is part of Saudi Arabia’s strategy to employ the latest technology to deliver seamless traveler experiences
