Riyadh, Saudi Arabia -- Saudi Arabia's tourism sector is poised for an unprecedented summer season, with the official launch of...
- Washington, United States -- US President Donald Trump on Friday threatened Apple and other smartphone manufacturers with a 25 percent...
Both countries attract a high level of foreign investment, which provides capital for their banking sectors. The UAE is the...In 2022, the UAE's banking sector had assets of over $1.5 trillion, and Saudi Arabia's banking sector had assets of over $1 trillion.
The UAE and Saudi Arabia dominate the Gulf Cooperation Council banking sector as both have large and growing domestic markets.
Riyadh, Saudi Arabia -- NEOM and Volocopter have announced a series of successful flight trials of electric vertical vehicles (eVTOL),...The project is the result of an 18-month partnership between NEOM, the General Civil Aviation Authority (GCAA), and Volocopter.
The flight trials mark the first ever testing of an electric and zero-emission urban air mobility (UAM) system in Kingdom's futuristic city.
The King of Pop whipped off the hat, with an estimated value of $65,000-$110,000, while breaking into his hit "Billie...Other items include a guitar owned by the legendary bluesman T-Bone Walker that could fetch up to 150,000 euros and a suit worn by Depeche Mode's Martin Gore.
The hat will be the star attraction at an auction of rock-and-roll items by Drouot on September 26.
The energy company will pay US$462 million for the buyout.TAQA will pay 50 percent of the amount on completion of the deal and the remaining 50 percent will be paid a year later
The acquisition is expected to add some US$4.35 billion to TAQA's exisiting regulated asset value of approximately US$20.42 billion
The peace deal has ignited debates on its potential to transform Middle East from a region hit by conflicts to...The bilateral peace agreement has sparked intensified debates about its potential to transform the Middle East from a conflict-ridden region to peaceful and prosperous place
Despite government-level reconciliation, Saudi-Iran ties face early-stage challenges, including Iranian aggression, and businesses in both countries risk political uncertainties
It is expected to propel Qatar as an investment hub.The new platform aligns with the advanced financial market technologies deployed by exchanges like London Stock Exchange Group
A multi-asset, multi-market, trading platform, it will provide wide support a range of asset classes including equity, fixed income, and derivatives
- Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) announced on Tuesday that the Money Supply aggregate M1...
Total Bank Deposits increased by 1.9 percent, rising from $626.47 billion at the end of March 2023 to $638.73 billion at the end of April 2023
The Money Supply aggregate M2 climbed by 2.0 percent, from $485.57 billion at the end of March 2023 to $495.47 billion at the end of April 2023
- The bilateral peace agreement has sparked intensified debates about its potential to transform the Middle East from a conflict-ridden region...
The bilateral peace agreement has sparked intensified debates about its potential to transform the Middle East from a conflict-ridden region to peaceful and prosperous place
Despite government-level reconciliation, Saudi-Iran ties face early-stage challenges, including Iranian aggression, and businesses in both countries risk political uncertainties
DUBAI, UAE - Dubai's real estate market recorded 638 sales transactions worth US$503 million (AED1.85 billion) on Tuesday, data released...The market also recorded 130 mortgage deals totaling US$732 million and 21 gift deals amounting to US$59.5 million.
The sales included 566 villas and apartments worth US$394 million and 72 land plots worth US$109 million.
SEOUL, SOUTH KOREA - Hyundai Motor said on Tuesday it aims to sell two million electric vehicles a year by 2030,...If the firm reaches the new goal, its electric vehicles, including luxury brand Genesis, would account for 34 percent of its worldwide sales in 2030.
The South Korean carmaker - one of the world's largest - is under pressure in the United States and Europe to boost local production of clean vehicles.
