London, United Kingdom -- Stablecoins -- a form of cryptocurrency backed by traditional assets -- are gaining traction, with the...
- Copenhagen, Denmark -- The Saudi Export-Import Bank (Saudi EXIM) participated as a sponsor of the TXF Global 2025 conference held...
The growth was backed by net special commission income.The bank reported an increase in the net provisions for expected credit losses and other provisions.
The second-quarter net profit jumped 39 percent to SAR 986 million from SAR 707.69 million in Q2 2022.
DUBAI, UAE - Keeping pace with the UAE’s strong economic growth, Dubai Customs cleared 14 million customs transactions during the...Dubai Customs revealed that business registration service transactions went up 7 percent, recording 143,000 service requests.
Customs declarations stood at 12.3 million transactions, accounting for 88 percent of the total number of customs transactions.
DUBAI, UAE - In Dubai’s economic growth story, family businesses stand tall as architects of growth, innovation and value creation....The government is introducing initiatives to future-proof family businesses and bolster their competitiveness and growth capabilities in a global environment.
Dubai has introduced new legislative measures aimed at helping them navigate the challenges and opportunities brought by a global economy in transition.
Twitter continues to dominate its space as a platform for online comment and news, and Musk "would have to completely...The average amount of time people spend on Threads daily has plummeted more than 75 percent since the platform made a rock star debut on July 6
Threads has a lot to prove, and features to add, to become a formidable Twitter alternative, according to Insider Intelligence analyst Jasmine Enberg
Riyadh, Saudi Arabia -- The Saudi Fund for Development (SFD) and Bahamas have signed a $10 million agreement to build...Nassau Island set to accommodate 50 small businesses, Exuma Island to house 25 small businesses, and Grand Bahama Island to host an additional 25 small businesses.
This is SFD's inaugural foray into The Bahamas, making it the 89th country to receive funding for a development project from SFD.
- Joint investments by sovereign funds hit a record $17.2 billion in H1 this year as Gulf states fund global equity...
Joint investments by sovereign funds hit a record $17.2 billion in H1 this year as Gulf states fund global equity firms, including KKR & Co., EQT AB, and Brookfield
Middle Eastern investors, including the Abu Dhabi Investment Authority and Mubadala Investment Company, are planning to invest billions in high-profile acquisitions
NEW DELHI, INDIA - A Joint Arab-Indian Chamber of Commerce is to be “activated” soon. This was announced in the...This was announced in the “Delhi Declaration” at the conclusion of the sixth India-Arab Partnership Conference in New Delhi
Setting up of the Chamber was decided during an earlier session of the India-Arab Partnership Conference held in Muscat
BERLIN, GERMANY - The European Central Bank (ECB) announced on Saturday it wants to monitor the liquidity of banks in the...The data include details such as the maturity of liquidity in the bank's accounts, their counterparties and refinancing transactions with the ECB.
The shift comes just after the bankruptcy of regional banks in the United States in March, followed by the collapse of Credit Suisse.
When Morocco's women take on two-times former champions Germany in Melbourne they will be the first Arab team to play...Its women team had a surprise run to the final of last year's Africa Cup of Nations, before losing 2-1 to South Africa
It is in Group H at the Women's World Cup and as well as Germany will face South Korea and Colombia
Beijing, China - China's traditional export sectors, such as apparel, home appliances, and furniture, have been surpassed by electric vehicles,...These "new three" industries have contributed to an impressive 61.6 percent year-on-year increase in total export value during the first half of 2023
A combination of factors, such as production innovation and favorable policies, has facilitated the export growth of these sectors
