Abu Dhabi, UAE--Despite geopolitical uncertainties and potential economic headwinds, S&P Global expects GCC banks to maintain their well-capitalised, profitable, and...
In an effort to shore up prices, the OPEC+ oil alliance of 23 nations has implemented supply cuts of more...
China could take lead to tap the untapped minerals including some that could power the world’s transition to renewable energies.Endless wars and poor infrastructure have prevented the country from getting its hands on the metals that could brighten its economic fortunes.
The resources include bauxite, copper, iron ore, lithium and rare earths, according to a January report by the US Geological Survey.
Tourism and water have been the economic mainstay of Hatta, an inland exclave of Dubai.Hatta residents will be allowed to build 200 holiday homes to support domestic tourism.
504-km-long chairlifts, waterfalls, hotel among other projects.
The global forum organized by the Islamic Development Bank on Aug. 28 is being held as a side event to...The first panel of the forum will highlight the economic effects of the pandemic and the poverty trends in IsDB member countries.
The second panel will focus on Islamic finance PPP as a tool to mobilize resources to support IsDB member countries’ economic recovery.
Private banks cater to the complex banking needs of the Ultra High Net Worth Individuals and High Net Worth Individuals...Saudi UHNWI population has grown by 227 percent since 2016, the fastest growth rate globally over this period.
Private banking yields returns up to 30 percent annually, but more typically are in the 7-13 percent.
The MV Ever Given had "successfully crossed" the canal after unloading its cargo in Britain and was now on its...The vessel was seen sailing in open waters accompanied by Egypt-flagged tugboats
The Ever Given got stuck diagonally across the canal during a sandstorm on March 23
Cryptocurrencies seem to be the flavor of the season as increasingly more people around the world are embracing them; sometimes...Though the concept of crypto (as they are informally called) investment seems novel, the first cryptocurrency came into the market more than a decade back
One cryptocurrency, recently launched, is destined to change all that, and is already making waves around the world as people are lapping it up in droves.
Iran produced 2.485 million barrels per day or bpd of crude oil in July, according to OPEC’s latest monthly report.The country’s average crude output for the second quarter of 2021 stood at 2.443 million bpd
This indicated a 224,000-bpd increase compared to the figure for the first quarter of the year
Ever Given, the ship that caused the closure of the Suez Canal for six long days in March, has crossed...The ship, en route from the United Kingdom to China, crossed the canal among a convoy of 26 vessels
A group of SCA senior pilots and two tugboats escorted the Ever Given throughout its journey through the canal
Russia, the largest exporter of wheat in the world, has been looking to enter the market for quite some time.This is expected to mark the first entry of Russian wheat in the Algerian market
Algeria has so far imported wheat mostly from France
Fresh water resources are becoming scarce due to drought in Egypt, which is more than 90% dependent on the Nile...The plants will supply drinking water to people in a country where potable water is often not very readily available
This move is the latest in Egypt’s list of initiatives to improve the supply of drinking water to its people
