Iran-Azerbaijan trade registers 46 percent jump in 2022
Tehran, Iran-- Trade between Iran and Azerbaijan has registered a 46 percent jump in 2022, according to the deputy prime...Business
Bank takes over Amiantit subsidiary
The bank will absolve Amiantit of all its financial obligations.Company News Business Banking & Finance Economy
SVC provides 75 startups with nearly $250m
Saudi Venture Capital Company (SVC) has funded nearly 75 startups since its birth in 2018, providing them with about $250...SVC has $750 million to invest and has deployed around $250 million thus far: CEO Nabeel Koshak
The company is currently focusing on sectors that lack funding, such as the health and industrial sector: Koshak
Saudi Arabia gets a pat on the back from US
Saudi Arabia has received warm praise about its improved rankings on a number of global lists from the US State...It highlights the great progress made by the kingdom in its ‘investment and business climate’ over the past two years
Efforts to provide more jobs for Saudis and diversify the economy raised some concerns in the annual Investment Climate Statements
SABIC’s net profit shoots up to 2.04bn
Saudi Basic Industries Corp. (SABIC) has reported a big jump in second-quarter profit as it sold more chemicals at higher...Net profit jumped 57 percent to $2.04 billion in Q2
Selling prices increased 10 percent, sales volumes rose 3 percent
Airlines suffer $126.4bn loss amidst Covid-19
Airlines across the world took a heavy beating from the Covid pandemic lockdown, posting on the whole net losses to...IATA said passenger numbers were down 60 percent year-on-year
The Middle East was the worst impacted, with a 67.6 percent fall in passenger numbers compared to Asia-Pacific, the least impacted with a decrease of 53.4 percent
DIB ups foreign ownership limit to 40 percent
Group CEO says the bank geared towards benefitting from the re-opening of the Dubai economy post Covid-19 pandemic.Group CEO says the bank geared towards benefitting from the re-opening of the Dubai economy post Covid-19 pandemic.
The enhancement of FOL was executed through the Dubai Financial Market.
$1.9 billion weeklong realty transactions in Dubai
An apartment in Marsa Dubai sold for AED 508 million and properties worth AED 4 billion mortgaged.91 plots of land sold for AED 715.83 million and 1,083 apartments and villas for AED 2.53 billion.
An apartment in Marsa Dubai sold for AED 508 million and properties worth AED 4 billion mortgaged.
Fujairah Chamber keen to foster ties with Iraqi businesses
Businessmen on both sides to exchange knowledge and ideas to create opportunities for collaboration.A delegation from Kurdistan region was briefed about investment environment in Fujairah.
Businessmen on both sides to exchange knowledge and ideas to create opportunities for collaboration.
Best July in 12 years for Dubai real estate market
4,384 real transactions worth AED 11.18 billion made, majority of these in secondary, ready properties.
Saudi British Bank posts $245m net profit in Q2, year after big losses
A year after posting billions in losses, Saudi British Bank (SABB), an affiliate of HSBC Holdings, has posted a sizeable...
Investors expect Aramco to post high profit after strong first half
Investors are waiting with bated breath for Saudi Aramco to post its first half results and the expectation is that...
