RIYADH, SAUDI ARABIA – Non-oil activities in the Kingdom have achieved a historic milestone, reaching a 50 percent share of...
RIYADH, SAUDI ARABIA – Saudi Arabia’s inflation accelerated to 1.8 percent in February compared to January 2024, according to data by the General...
Syria's internal commerce ministry has announced a petrol price hike of around 130 percent in the war-torn country facing fuel...The cost of a liter of subsidized fuel will rise to US$0.99 (2,500 Syrian pounds), from US$0.43 (1,100 Syrian pounds)
The cost of non-subsidized petrol will rise from US$1.39 (3,500 Syrian pounds) to US$1.59 (4,000 Syrian pounds), the ministry said.
Banks in the Gulf region were already on the path towards digitization, but the pandemic became the catalyst for accelerated...More than 80% consumers now prefer to do their banking online rather than visit a physical branch, while around a third feel their bank provides weak online banking services
As the pandemic recedes, banks may continue with enhanced customer engagement online, which will pave way for physical branches to deliver more complex and high-value activities
The Ukraine conflict has triggered the biggest immigration of high-net-worth Russians, many of whom are likely to move to the...Destinations such as Australia, Singapore, Israel, Switzerland, the United States, Portugal, Greece, Canada and New Zealand are behind UAE as preferred millionaire destinations.
Henley Global Citizens Report estimates that 15,000 High Net Worth Individuals could leave Russia by the end of this year.
- A high penetration of digital technologies and a tech-savvy younger consumer base among the factors that make the region a...
Internet usage in the GCC is relatively high, with 82 percent penetration in Qatar, 78 percent in the UAE, 62 percent in Oman, 55 percent in Bahrain and 41 percent in Saudi.
The market size of the e-commerce industry in the region was expected to grow from $24 billion in 2020 to $50 billion by 2025.
The hospital operator's profit jumps to $210m in H1 of 2022The company's revenue posted 16 percent jump to $1.06 billion for the six months period ended 30th June 2022
The hospital operator's board recommended distributing $80 million in dividends at SR0.86 per share during the second quarter of 2022
Saudi authorities have signed agreements with big retail stores in the kingdom to promote the ‘Made in Saudi Arabia’ program,...Under the agreements, signed by Saudi Exports Development Authority, large stores allocate platforms and outlets for Saudi-made goods.
Saudi products displayed in some retail stores in the local markets amount to account for 70 percent of more than 128,000 items.
Forward-leaning financial institutions are ready to seize strategic opportunities to secure their stake in the future of Web 3.0. Right...Banks globally are going digital, embracing new technologies and these institutions in GCC countries are following this trend
There have been many reports about Web 3.0 and its benefits for the banking sector and its clients
US drugmaker is in talks to buy Global Blood Therapeutics.Pfizer, according to media reports, hopes to conclude talks with Global Blood Therapeutics within days
GBT's sickle-cell treatment is administered to people with blood disorder that affects millions
Qatar has seen a nineteen percent increase in tourist arrivals with 729,000 visitors coming to the country in the first...In June alone some 149,000 visitors came to the country, marking the highest arrivals in the summer month in the last 5 years
Qatar will unveil some 50 hotels by the end of the year, besides launching several tourism attractions such as kite beach resorts and Lusail Winter Wonderland
The Dubai-based firm posted net profit of $77,603 in Q2.The developer merged three of its existing business units to improve efficiency and productivity across the business,
Union Properties expects improvement in profitability through efficient resource and asset utilization, economies of scale and cost rationalization
