Abu Dhabi, UAE -- The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the...
This is a 30% YoY increase over Q1 2025.
Dubai, UAE -- The Middle East fragrances market is expected to reach $4.41 billion in 2027, from $2.85 billion in 2019,...Online sales market is expected to expand in the near future due to rapid growth in online and mobile user customer bases in emerging markets.
Over the past couple of years, however, the traditional mass market fragrance business has witnessed a decline in its sales as customers seek more upmarket brands.
Vienna, Austria -- The OPEC Fund for International Development (OFID) will provide a $40 million loan to Vietnam Maritime Commercial...The loan will support at least 80 local businesses, providing financing to meet critical needs to grow their businesses.
Vietnam has more than 500,000 private firms, and more than 95 percent of these are micro and small enterprises,
Treasury Secretary Janet Yellen said the government wants to avoid financial "contagion" from the SVB implosion, as it ruled out...Joe Biden vowed to hold accountable the people responsible for SVB collapse and said he would deliver remarks Monday on maintaining a resilient banking system
In a joint statement, financial agencies including US Treasury said SVB depositors would have access to "all of their money" starting Monday, March 13
In a rescue deal, it bought SVB for a nominal price of $1.2.Jeremy Hunt, finance minister, disclosed that no government cash was involved and all customer deposits have been safeguarded
HSBC chief executive Noel Quinn said that the buyout made "excellent strategic sense for our business in the UK"
Shares in ADNOC Gas were heavily oversubscribed even after the offering was expanded from 4.0 to 5.0 percent of issued...Shares in ADNOC Gas were heavily oversubscribed even after the offering was expanded from 4.0 to 5.0 percent of issued share capital in response to strong interest
The final price was set at 2.37 dirhams ($0.65) per share, towards the top of its range, raising about $2.5 billion and implying a market capitalization of around $50 billion
- Signature Bank was reeling from a bet on crypto banking that foundered after the sector imploded and banking regulators cracked...
Signature Bank's collapse is the third in under a week after Silvergate Bank's voluntary liquidation and Silicon Valley Bank's shutdown
The closure of the bank comes months after Signature said it would be reducing its exposure to the crypto sector
MANAMA, BAHRAIN - Speaker of the UAE Federal National Council Saqr Ghobash discussed ways to enhance cooperation with First Deputy...UAE, Ukraine discuss parliamentary cooperation through exchanging visits and enhancing coordination.
The two sides deliberated on improving trade and economic ties between the two countries.
- The price drop is seen as a direct response to cuts by Tesla.
Volkswagen will start selling its ID.3 electric car model from March end for less than $42,000.
That is a 3,000-euro markdown from the current ID.3 price tag, putting it on par with US rival Tesla's popular Model Y.
Global economic challenges have led the UAE to review priorities and investment trends, with a focus on five key sectors:...The UAE economy recorded its fastest growth rate in over a decade despite the global economic slowdown.
The IMF expects the UAE’s non-oil economy to grow by about 4 percent in 2023 and accelerate over the medium-term.
The Gulf kingdom is pursuing ambitious aviation goals as part of Crown Prince Mohammed bin Salman's wide-ranging "Vision 2030" reform...Creation of Riyadh Air is part of a plan to turn Riyadh into a global aviation hub rivalling regional leaders like Dubai and Doha.
Last November officials announced plans for a new airport in Riyadh spanning 22 square miles, that is set to accommodate 120 million travelers by 2030.
