Dubai, UAE -- Dubai Islamic Bank (DIB) has announced the successful completion of a landmark US$1 billion syndicated term-finance facility...
This is the highest Abu Dhabi real-estate release to date.
PARIS, FRANCE -  Russia's oil exports rose in April to the highest level since its invasion of Ukraine, boosting revenues by...The Paris-based organization said Russian exports increased by 50,000 barrels per day to 8.3 million bpd in April.
Russia's tax receipts from its oil and gas sector were down by 64 percent year-on-year, the agency added.
Under the agreement, Saudi Arabian Mining Company (Ma'aden) will buy 9.9% shares of Ivanhoe Electric and use Ivanhoe's Typhoon surveying...Saudi Arabia's transformative Vision 2030 program has made mining the third pillar of the kingdom's economy. Its mineral wealth is valued at estimated $1.3 trillion.
The exploration operations target to discover new minerals, such as copper, nickel, gold, silver, and other strategic minerals.
- Regulators worldwide are increasingly worried about the lack of oversight of the digital currency sector but the European Union has...
During a meeting of EU economy and finance ministers on Tuesday, they agreed on rules to go after individuals who stash their cash where tax authorities have no oversight.
The rules will close loopholes that allow people to avoid taxation on their income using crypto assets, Swedish Finance Minister Elisabeth Svantesson said.
The majority of per capita insurance spending (60%) went towards health insurance, followed by general insurance (37%) and protection and...Health insurance accounted for 60 percent of total per capita spending on insurance, followed by general insurance (37%) and protection and savings (3%).
The health insurance’s gross written premiums stood at $8.59 billion in 2022, up 27 percent from $6.78 billion in 2021
- They will support growth of the sustainable aviation fuel market.
The two will work toward collaborating on sustainable aviation fuels (SAF), green hydrogen, and direct air capture technologies
Direct-air capture together with the use of SAF based on green hydrgoen can bring down greenhouse gas emissions by up to 95%
The extraordinary collection belonged to Heidi Horten who died last year aged 81, with a fortune of $2.9 billion, according...The $202 million raised far exceeds the previous record, set during the 2011 auction of the jewellery collection of Elizabeth Taylor
More than 700 pieces of jewellery are part of this Horten collection, and is being dispersed in tranches to avoid exhausting buyers
- Manama, Bahrain--The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities has been...
Carrying a maturity period of 91 days, subscriptions worth $225 million were received for the BD 43 million issue
The issue, which begins on May 17 and matures on August 16, is expected to a give a return of 6.15 percent
"The UAE is well positioned to further strengthen its leadership in combating fraud, with continued investment in technology, training and...The UAE's focus on digital transformation and innovation enhances fraud detection and control capabilities, says Jamal Saleh, Director General of UAE Banks Federation
Tasharuk platform plays a crucial role in detecting cyber risks while continued investment in technology and collaboration strengthens UAE's banking system, he adds
- "We will simplify our organisation, cutting out complexity to regain our competitiveness," added Della Valle, appointed CEO on a permanent...
The CEO Della Valle said the company's performance was not good enough, saying that to consistently deliver, Vodafone must change
Her predecessor Nick Read stepped down in early December after a four-year tenure marked by a steep fall in the company's share price
- Dubai, UAE-- Qatar and Bahrain have agreed to restart flights toward the end of the month, in a sign of...
The resumption of flights between the estranged countries, according to Bahrain News Agency, falls within "the framework of the brotherly relations between the two countries
In recent months, GCC countries have patched up differences with each other and begun to focus on their economies, taking advantage of high oil and gas prices
