Business - TRENDS MENA

Riyadh, Saudi Arabia -- The Saudi EXIM Bank has given credit facilities amounting to SAR16.5 billion ($4.455 billion), surpassing the...

The Central Bank of Kuwait (CBK) has issued bonds and related Tawarruq worth Kuwaiti Dinar 240 million ($792 million) payable...
The bank said in a statement that the new securities have a return rate of 2.625 percent.
Tawarruq is a financing arrangement where the buyer can obtain cash immediately through a series of sale transactions.
ESG is a subsidiary of International Holding Company.
The company said it has acquired a 60 percent stake in Vision Factory, one of the biggest furniture and joinery production facility in the UAE.
The company has also taken a 45 percent stake in Decovision, a quality interior design and engineering services provider.
The company, known for its political activism, took the unusual step seeking an injunction after London-based Unilever announced it had...
In July last year, Vermont-based Ben & Jerry's announced it would no longer sell its ice cream in the Palestinian territories
However, Israeli license-holder Avi Zinger had continued to produce the ice cream in his factory in the suburbs of Tel Aviv and distribute it to the Israeli settlements
The Saudi real estate firm will build 507 villas in Madinah.
The company said in a bourse filing that it will develop villas for Al-Samiya, a residential project located in Al-Madinah
The construction is expected to be completed in 42 months and will be financed based on equity and off-plan sales
Dr. Nayef Al Hajraf, Secretary-General of the GCC, voiced hope that the talks would lead to an ambitious Free Trade...
Dr. Nayef Al Hajraf, Secretary-General of the GCC, stressed the importance of the friendly relations between the GCC and the UK in serving the common interests of both sides
The joint statement, signed with British Trade Secretary Anne-Marie Trevelyan on 22nd June, laid the groundwork for launching the negotiations today
Prince Abdulaziz bin Salman said in an interview with Bloomberg that OPEC+ has the commitment, the flexibility, and the means...
OPEC and 10 allies led by Russia a group known as OPEC+ agreed last month to raise production by 100,000 bpd in September
They had agreed to increases of almost 650,000 bpd in July and August, but the cartel has struggled to meet its quotas
Market experts predict a hard summer for the GCC retail industry as rising costs keep shoppers away from malls and...
With high inflation biting into family budgets, households have cut back on spending on essential commodities because of the high cost of goods
While the high-end malls and stores can fall back on their deep reserves of cash to get over the crisis, it is the small and medium-sized businesses that are struggling to survive
The news of the loss of $6.4m in H1 led to a slide in firm's stock.
The news of the poor financial results dragged down the company's stock by 3.35 percent to SR37.55
The firm reported a 34 percent surge in revenue during the same period to reach $7.73 million
Records made public on Monday show Dorsey was served with a legal order to give Musk any communications or documents...
The company accuses Musk of contriving a story to escape a merger agreement that he no longer found attractive
Twitter co-founder Dorsey in November of last year ended his second stint as chief of the company and had voiced support for Musk taking it over
Demand for air tickets to destinations outside the UAE also surged in June and July, even as the travel costs...
Demand for air tickets to destinations outside the UAE also surged in June and July, even as the travel costs grew sharply due to rising oil prices and global inflation
Even as airfares to Dubai rise up to 40 percent, ticket costs are expected to decrease in September once all passengers living in the UAE return home