Nicosia, Cyprus -- Cyprus and Egypt on Monday signed an agreement with an energy consortium to export gas from the Mediterranean...
Riyadh, Saudi Arabia--- Saudi Arabia's sovereign wealth fund, the Public Investment Fund, has announced an investment of $1.3 billion by...The companies are Nesma & Partners Contracting Company, ElSeif Engineering Contracting Company, AlBawani Holding Company, and Almabani General Contractors Company.
The four companies have built a successful track record in executing and managing complex large-scale projects.
Although the remittances grew by an estimated 5 percent in 2022, they were lower than the 10.2 percent increase in...Remittances to low- and middle-income countries withstood global headwinds in 2022, growing an estimated 5 percent to $626 billion.
The growth was, however, lower than the 10.2 percent increase in 2021, World Bank Migration and Development Brief said in a report in Nov 2022.
Riyadh, Saudi Arabia-- Saudi Arabia's Ministry of Municipal, Rural Affairs and Housing has signed an MoU with the Spanish company...The MoU aims to raise the level of coordination in endeavors that support and promote the development, marketing and implementation of investments.
The Ministries of Municipal and Rural Affairs and Housing and Investment will work to support the investing company in exploring opportunities.
LONDON, UK - The London stock market jumped to a record peak Tuesday in a positive open across Europe, after hefty...The British capital's benchmark FTSE 100 index of top companies reached as high as 7,986.20 points.
In the eurozone, Frankfurt's DAX added 0.2 percent to 15,428.55 points and the Paris CAC 40 grew 0.3 percent to 7,231.64.
Umm al Qaiwain, UAE-- National Bank of Umm Al Qaiwain (NBQ) has reported a net profit of AED364.52 million ($99...Total assets were at AED 13.605 billion, up 3.5 percent compared to December 2021, with a deposits-to-advances ratio of 126 percent.
The bank has maintained high liquidity with a stable resources-to-advances ratio of 159.21 percent as of 31 Dec 2022.
The permit can be applied for by the hotel on behalf of the event organizer or client for a fee...The permit can be applied for by the hotel on behalf of the event organizer or client for a fee of $340 per event and per day
All events, commercial and non-commercial, must apply for the permit at least 14 days in advance and submit the required documentation
- Luxembourg--European Investment Bank (EIB) Global, a branch of European Investment Bank, announced on Monday that it will provide $27 million...
The fund aims to increase targeted equity investment in high-growth e-commerce, health, and education technology companies across the Middle East and Pakistan
Venture capital investment is expected to support creation of more than 8,000 jobs
- The insurance firm's net profit vaulted to $28 million.
The earnings per share (EPS) amounted to QR 0.67 as of December 31, 2022 versus EPS QR 0.55 for the same period in 2021
The board recommended the distribution of cash dividends of 45 % from the share par value i.e. QR 0.45 for each share for the year 2022
The company's profit jumped to $80 million in 2022.The earnings per share (EPS) amounted to QR 0.156 as of Dec. 31, 2022, compared to EPS of QR 0.029 for the same period in 2021
It recommended a cash dividend distribution for the year 2022 amounting to QAR 0.1 per share, which is 10 percent of the nominal value of share
FY'22 turnover rose to $1.4 billion, up 65 percent YoY.The average seat load factor – or passengers carried as a percentage of available seats – for the full year stood at a high 80 percent.
Air Arabia’s Board of Directors proposed a dividend distribution of 15 percent of share capital, which is equivalent to 15 fils per share.
