Ajman, UAE -- Real estate transactions in Ajman reached AED 2.06 billion ($560 million) in March 2025, marking a significant...
The opening in Riyadh comes with Tesla sales dropping.
Abu Dhabi, UAE-- Monarch Holding and Chinese company EHang Holdings have signed an agreement to establish the first facility in...Apart from making electric aircraft and drones, the two partners will set up a command-and-control centre to manage urban air mobility autonomously
The collaboration is also expected to result in an advanced infrastructure for vertiports and an autonomous flight management system operated by AI
Riyadh, Saudi Arabia-- Becht, an American engineering services company, has revealed that it is in talks with potential partners in...The company's director for the Middle East said discussions with companies in Saudi Arabia were also going on for striking partnerships
Van Der Beek said that Becht hopes to sign a number of downstream contracts with firms in Oman within a year
While Sheikh Jassim's latest offer is reported to be over £5 billion ($6.2 billion), the size of Ratcliffe's improved bid...Sheikh Jassim is in a bidding war with Ratcliffe after the pair emerged as the main contenders to buy the Premier League club from the Glazer family
Sources said Sheikh Jassim's bid for 100 percent control of the club comes with the promise of significant additional funding for transfers and infrastructure
Abu Dhabi, UAE-- Looking to employ 5,000 UAE national by 2026, and designing a program to groom future banking and...The naitonal anti-fraud campaign launched by the federation to strengthen customer confidence in the banking and financial sector was commended in the meeting
Abdulaziz Al Ghurair, the Chairman of the UBF, applauded the Central Bank of the UAE for supporting the federation and guidance to its members
The US Federal Reserve called for greater banking oversight while admitting to its own failures in a report published into...Silicon Valley Bank's management failed to adequately manage risk prior to the bank's swift collapse.
Federal Reserve supervisors failed to take forceful action after they had identified issues at the bank.
JEDDAH, SAUDI ARABIA - Islamic Development Bank (IsDB) President and Group Chairman Dr. Muhammad Al-Jasser and Uzbekistan Minister of Investments,...Under the agreement, IsDB will provide US$260 million in financing for the Integrated Rural Development Project.
The project will empower local communities, improve their access to quality and resilient infrastructure.
Pact involves investment of over US$272 million.The agreement will mark the first phase of Al Ghurair Foods division’s investments in KEZAD.
The highest standards of food safety in line with International biosecurity standards will be followed.
BERN, SWITZERLAND - Switzerland's central bank said Friday that the country's banking regulations needed toughening up after the implosion of Credit...Credit Suisse's share price plunged on March 15, causing the central bank to step in with a $54-billion lifeline for the second-biggest bank in Switzerland.
The Swiss government, Swiss National Bank and the financial market regulator strongarmed UBS into a $3.25-billion takeover on March 19.
ABU DHABI, UAE - The UAE will participate in the Joint Annual Meeting of Arab Financial Institutions, which will be...UAE will participate in the 52nd annual meeting of the Board of Governors of the Arab Fund for Economic and Social Development.
UAE will also take part in the 47th annual meeting of the Board of Governors of the Arab Bank for the Economic Development in Africa.
- The consolidated revenue rose 13 percent to $24.2 million.
The total consolidated revenue rose 13 percent to $24.2 million in Q1 2023, compared to $21.4 million in Q1 2022.
Operating income amounted to $12.9 million, while investment returns and other income reached $11.3 million
