Saudi Arabia raises mineral resources estimates to $2.5 trillion
The Kingdom raised its mineral resources estimates from $1.3 trillion in 2016 on the exploration of nearly 30 percent of...Business Economy
UAE startups eye Saudi Arabia for growth, expansion
With both nations offering substantial markets and supportive environment for innovation, startups are exploring new opportunities in the Kingdom.Business
Egypt-UK trade up 8 percent to $722m in Q1 2021
Britain third-largest investing country in Egypt after UAE, Saudi Arabia Egyptian food exports to UK surged by 76 percent despite...
Bitcoin fund launches on Dubai bourse in Mideast first
Canadian digital asset manager 3iQ Corp seeks to raise around $200m in the offering Bitcoin price slumped recently due to...
Realsmart launches blockchain-enabled real estate platform
Platform enables investors to buy security tokenized shares in world-class real estate on the blockchain It makes safe, fast, and...Saudi Arabia may build a new airport in pursuit of tourism goals
New airport would serve as base for new airline planned by country’s sovereign wealth fund Kingdom’s goal is to attract...
Beirut most expensive city for expats Middle East: Mercer
Cost of living fell in most Gulf cities in 2021; Riyadh most expensive Gulf city Abu Dhabi and Dubai...Jingle Pay first money service business with Shariah certification
The product has Shariyah Review Bureau certification Customers can opt for a fee-free Islamic account or a conventional one ...
HSBC Saudi Arabia lead manager in ACWA power’s maiden Sukuk issuance
Final pricing lowest ever senior unsecured Sukuk pricing achieved by a corporate or bank issuer since 2017 HSBC Saudi Arabia...Fertiglobe to join first-of-its-kind blue ammonia project in Ruwais
Final investment decision expected in 2022, and the start-up is targeted for 2025 The TA'ZIZ facility’s capacity will be up...
Arkan Board approves $1.11b deal to acquire Emirates Steel Industries
The deal is valued at AED4.07 billion ($1.11 billion), as it will give Arkan 5.1 billion ordinary shares at a...
UAE retail e-commerce market grew 53% to hit record $3.9 billion in 2020
This was a 53% year-over-year increase, driven by the digital shift accelerated by the Covid-19 pandemic E-commerce accounted for 8%...
