Business - TRENDS MENA

Tehran, Iran--Russia’s largest lender, SBERBANK, is presenting a new service that allows its clients to transfer money to the Islamic...
According to the bank, the service would be available to both individuals and businesses using their Sber account
Last year, Russia’s second-largest bank VTB launched a similar service and then in May it opened a branch in the country
Dubai, UAE - Alif, a Central Asian fintech leader, is expanding its presence into the United Arab Emirates (UAE) with...
Among the services that Alif Pay will introduce in the UAE are "Send Now Pay Later," a payroll platform, a travel prepaid program, "Buy Now, Pay Later"
According to data from the World Bank, outward remittances from the UAE reached an impressive $47.54 billion in 2021, with expectations of continued growth
Dubai, UAE – The Dubai Land Department (DLD) reported over 3,200 transactions worth AED 24.7 billion last week and this...
Research show real estate transactions soared by 44 percent in the first six months of 2023 with nearly 60,000 units being sold.
Several industry analysis indicate that the real estate sector in the emirate will observe growth of approximately 15 percent in 2024.
Doha, Qatar -- Qatar real estate market recorded deals worth QR1.011 billion ($277 million) in the month of August 2023,...
The real estate market index for the month of August revealed that the financial value of Doha municipality's transactions amounted to QR 290 million.
Of the 10 most expensive properties sold in the month, Doha accounted for seven and Al Rayyan, Al Wakrah and Umm Salal one each.
Tehran, Iran -- Russia’s largest lender, SBERBANK, is presenting a new service that allows its clients to transfer money to...
According to Sber, ruble transfers will be sent to the Iranian Pasargad Bank with the standard commission for international transactions of 1 percent.
Last December, Russia’s second-largest bank VTB launched a similar service in Iran and later in May it opened a branch in the country.
TEHRAN, IRAN - Foreign companies and governments committed some US$6.7 billion worth of investments during an exhibition that was held...
The Iranian diplomat said that his country has an ambitious vision to diversify its economy away from crude oil revenues.
He said that this includes expanding the transportation infrastructure in Iran to significantly increase its cargo transit revenues.
Rice is a major world food staple and prices on international markets have soared in the wake of the Covid...
The consumer affairs and food ministry said at the time that the move would "ensure adequate availability" and "allay the rise in prices in the domestic market".
The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence said.
Asia's largest district cooling PPP project in Hyderabad part of deal.
The cooling infrastructure will potentially reduce over 200MW of peak electricity demand.
The district cooling agreements are part of Telangana’s vision to become net zero by 2047.
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Economic Trade Organization (IETO) have signed...
The collaboration focuses on initiating trade missions and investment forums to help Indian businesses understand what RAKEZ offers.
The agreement promises customized business services for Indian companies that are tailored to their aspiration of expanding into the MENA region.
Abu Dhabi, UAE - The UAE Ministry of Economy has announced that Zencargo, a UK-based company with expertise in digital...
The company plans to establish operations in the Emirates with a view to integrating into the UAE’s technology, trade and logistics ecosystem
Zencargo’s presence in the UAE follows the UAE’s Trade Tech initiative, which was launched in partnership with the World Economic Forum