Saudi National Bank launches US dollar-denominated sukuk
RIYADH, SAUDI ARABIA - Saudi National Bank (SNB) commenced the US dollar-denominated senior unsecured sukuk issuance through a special-purpose vehicle.The sukuk are offered to qualified investors...Business Banking & Finance Economy Markets
Consumer products sector grows amid rising prices
The consumer products sector enjoys tremendous growth, with retail sales value for the industry globally rising by close to 10...Business
China allows 44 foreign video games for first time since crackdown
Beijing moved against the country's vibrant gaming sector last August as part of a sprawling crackdown on big tech companies.Beijing moved against the country's vibrant gaming sector last August as part of a sprawling crackdown on big tech companies.
China's gaming regulator, the National Press and Publication Administration, on Wednesday said it had approved 44 new imported games in December.
CBUAE issues commemorative coins on anniversaries of Abu Dhabi ports
Abu Dhabi, UAE-- The Central Bank of the UAE (CBUAE), in cooperation with Abu Dhabi Ports, issued 1,000 commemorative silver...The coins highlights the successes achieved by the ports of Abu Dhabi and their role in the emirate’s maritime sector in the past decades.
Each coin weighs 60 grams. The front side includes a drawing of the Abu Dhabi Ports Group logo with the name "Central Bank of the UAE" written in both Arabic and English languages.
AD Ports, KMTF sign pacts
They will launch a joint venture to provide services for energy companies.AD Ports, which will own 51 percent, and KMTF, which owns 49 percent, also signed an agreement to pool tanker resources.
The two companies also signed a seven-year vessel pooling agreement, which includes the provision of several tankers for the transportation of crude oil internationally.
Oman LNG inks three agreements with Japanese firms
The new agreements will see Oman LNG supplying LNG based on contracts varying from 5 to 10 years.The new agreements will see Oman LNG supplying LNG based on contracts varying from 5 to 10 years
Such a step comes as a significant milestone for Oman LNG, as it complements the company's effort to renew its contracts with Japan
Oil prices show no volatility as Russia unveils export ban
New York, US--Russia on Tuesday banned oil sales to countries and companies that comply with a price cap agreed by...The price ceiling of $60 per barrel agreed by the European Union, G7 and Australia came into force in early December and seeks to restrict Russia's revenue
Russia has said the cap will not affect its military campaign in Ukraine and expressed confidence it would find new buyers
5.4 billion World Cup viewers watch beIN MEDIA GROUP’s coverage
The final match, that saw Argentina claiming their second World Cup trophy after beating France 4-2 on penalties, recorded 242.8...The final match, that saw Argentina claiming their second World Cup trophy recorded 242.8 million views on beIN SPORTS free-to-air channel
The final of the FIFA World Cup Qatar 2022 attracted 88 million more viewers on beIN SPORTS than the final of FIFA World Cup Russia 2018
Response Plus declares dividend
It will pay an interim dividend of $12.79m to shareholders.The shareholders registered in the company’s book on the 5th of January 2023 will receive 0.25 fils per share
The Board of Director's decision comes as a result of the recent amendments made to the Articles of Association of Response Plus
Online identity remains key concern as Middle East and Africa rank third in digital trust, data security
Banks come second after governments in terms of digital trust since over 60% believe they keep consumers' data confidential, while...Banks come second after governments in terms of digital trust since over 60% believe they keep consumers' data confidential, while only 50% trust retailed in the region
Govts must refine laws for mobile apps as most online transactions happen through them since buyers find it more convenient to look for products and services through phones
15 MoUs in several sectors signed at Saudi-Japan Investment Forum
Riyadh, Saudi Arabia - As many as 15 memorandums of understanding were signed between Saudi Arabia and Japan in several...The forum highlighted the investment opportunities to strengthen the investment partnership between the two countries in light of Saudi-Japan Vision 2030.
It also reviewed opportunities to expand the investment partnership between the two countries in a number of the strategic sectors.
Dubai records over $408 million in realty transactions Monday
Dubai, UAE----Dubai real estate market recorded deals worth AED1.5 billion ($408 million) on Monday, Dubai Land Department said.The deals included...The deals included 515 sales transactions worth AED1.44 billion and 19 gift deals amounting to AED137.87 million.
The sales included 483 villas and apartments worth AED1.14 billion, and 32 land plots worth AED299.29 million.
