Madrid, Spain - Spain's government has acquired a three-percent stake in telecoms giant Telefonica following concerns over a Saudi firm taking...
Abu Dhabi, UAE--The Organisation of the Petroleum Exporting Countries (OPEC) has called for increased investments in the oil industry to...
Earnings of many Gulf banks may hit nearly pre-pandemic levels by the year end, owing to high oil prices and...Earnings of many Gulf banks may hit nearly pre-pandemic levels by the year end, owing to high oil prices and rising interest rates that will support their creditworthiness
S&P forecasts a more visible strengthening of regional banks' interest margins and a manageable increase in risk cost in second half despite lingering COVID-19 effects
Riyadh, Saudi Arabia - Saudi Minister of Tourism Ahmed bin Aqeel Al-Khatib said more cooperation is a must for sustainable...Saudi Minister of Tourism Ahmed bin Aqeel Al-Khatib said the cooperation includes facing the issues spawned by Covid pandemic.
Al-Khatib said the tourism sector is “more capable of providing wealth and opportunities in places where they are most needed.”
The UAE-based NIFTY Souq, the MENA region’s first NFT marketplace which launched in 2021, has announced they’ve secured $1.5 million...Confirmed investors include Palm Ventures, Falak Investment Hub and Fitzy Fund alongside angel investors from the UAE, KSA and the US.
The seed-fund investment will be used on tech updates and the platform's expansion, says Talal Afghani, NIFTY Souq’s Co-founder.
They will create a Buy Now Pay Later solution for retailers.Tabby’s BNPL payment solution will be available to over 120,000 Paymob merchants.
Tabby is a payments and shopping app, and Paymob, an omni-channel payments facilitator in MENAP.
- The metaverse, Beyond Fantasy, the latest in a series of new reports from the company running under the ‘Blue Shift’...
The report provides a cautious, low-end forecast, which estimates that the current Metaverse market is estimated to be worth $50 billion
It looks at the key enabling technologies of the Metaverse, including artificial intelligence (AI), Internet of Things (IoT) and blockchain
Dubai, UAE--Dubai real estate market recorded deals worth AED1.7 billion ($462 million) on Monday, according to Dubai Land Department. These...The emirate's real estate market recorded deals worth AED1.7 billion ($462 million) on Monday, according to Dubai Land Department
Mortgages included 51 villas and apartments worth AED141.5 million and 29 land plots valued at AED302.56 million.
- Signalling a broader economy recovery in the country, four largest banks of the UAE have posted a big surge in...
The financial performance comes amid an improving environment in the UAE despite global macro-headwinds
The recovery reflected improving consumer confidence particularly given loosening pandemic restrictions, a strong vaccination roll-out, recovering oil prices
- It will collaborate with Invest Seoul Agency for the venture.
The partnership seeks to exchange information on entrepreneurial policies and best practices and support startups aspiring to enter the Saudi or Korean markets
Invest Seoul Agency is a foreign investment promotion agency established by the Seoul Metropolitan Government
The airlines have added 42 new countries to their shared network, including Italy, the Maldives, Norway, Singapore, and Sweden.The airlines have added 42 new countries to their shared network, including Italy, the Maldives, Norway, Singapore, and Sweden
Customers will now benefit from even greater choices in prices and schedules with options for direct flights as well as connections via hubs in London and Doha
- Although China has not qualified for the World Cup, but it will still mark its presence in the event with...
China did not qualify for the World Cup but its companies have been involved in the construction of mega projects around the event
Suhail is the name of one of the brightest stars visible in the Gulf region, while Soraya is the Arabic name for the Pleiades star cluster
