Abu Dhabi residential sector achieves record growth in 2023, says report
ABU DHABI, UAE - Abu Dhabi’s residential sector has witnessed one of the best years on record, where a total...Business Economy
Singapore’s Petrozo Energy setting up Sharjah base to target Middle East
Sharjah, UAE – Petrozo Energy, a leading Singapore-based oil and gas company, has announced a plan to establish a new...Business
More MENA businesses now swipe virtual credit cards
Local lenders are offering more services online to cater to a young, tech-savvy consumer base, speeding up the transition of...The region's digital payments business has been booming as local lenders move more services online to serve tech-savvy youthful consumers
MENA's high concentration of fintech and digital payments technology has increased the use of virtual cards
Jordan’s exports from Jan-May 2022 hit $478 million
Amman Chamber of Commerce (ACC) said that the total value of exports during the January-May period 2022 amounted to JD339...Number of Amman Chamber of Commerce certificates of origin issued during the past five months of 2022 reached 10,879.
ACC issued 2, 269 certificates of origin to export goods to Saudi Arabia and 1508 certificates to the UAE.
Qatari businessmen to explore investment opportunities in Egypt
The Qatari Businessmen Association discussed investment cooperation with Mohamed Abdel-Wahab, CEO of Egypt’s General Authority for Investment and Free Zones....Chairman of the Qatar Businessmen Association's Board of Directors Sheikh Faisal bin Qassim Al-Thani stressed upon economic cooperation between the two countries.
He said there are multiple mutual economic opportunities between Qatar and Egypt to develop their cooperation in the trade and investment sectors.
Qatar Central Bank strategy for FinTech to boost sector
Qatar Central Bank is working on designing a new strategy for financial technology and intends to launch it during the...Qatar Central Bank is working on the new strategy for financial technology and intends to launch it at the last quarter of 2022
QCB is creating the necessary infrastructure to enable banks to approve payments from digital wallets
ADX and nine listed companies to attend investors meet in London
Abu Dhabi Securities Exchange (ADX) and nine ADX-listed companies will meet major institutional investors in London on June 9 and...The delegation includes over 25 CEOs, CFOs and senior executives from ADNOC Distribution, ADNOC Drilling, Abu Dhabi Islamic Bank, Agthia and others.
ADX said it will showcase its progress in its strategy to significantly increase liquidity and market capitalization.
Asian markets mixed as US jobs data give Fed room to hike rates
Asian markets were mixed Monday following a steep drop on Wall Street in response to a forecast-topping US jobs report...Hong Kong, Tokyo, Shanghai and Taipei all rose, but there were losses in Sydney, Singapore, Manila and Jakarta
US traders took flight after the closely watched non-farm payroll figures Friday, which showed more new posts created than expected
Commercial marinas to issue yacht sailing permits in KSA
Some commercial marinas in Saudi Arabia would be allowed to issue yacht sailing permits which would help develop cruises in...Yacht sailing permits would help in developing and facilitating cruises in the Kingdom’s territorial waters
The initiative would ensure support for tourism development and enhance employment in the sector
Saudi Arabia, Spain to strengthen partnerships in sustainable tourism
Spain’s experience and expertise in tourism has already helped Saudi Arabia and more Spanish businesses will hopefully join the leading...Saudi Ministry of Investment of Saudi Arabia (MISA) on Sunday hosted a Spanish investment forum.
The forum took place on the sidelines of the 116th session of the United Nations World Tourism Organization in Jeddah.
Financial inclusion enables access to health, education: Study
The study stresses the need for digitally delivered financial inclusion; and for using this as a platform to distribute health...A Mastercard study stresses the need for digitally delivered financial inclusion; and for using this as a platform to distribute health and education services to the masses
Mastercard, the study reveals, has brought 500 million excluded individuals into the digital economy in 2020 and will include 500 million more by 2025
Multiply added to FTSE GEIS
The inclusion will come into effect on June 20FTSE GEIS is part of the FTSE Russell, a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide
It also provides a robust global equity index framework and includes over 16,000 large, mid, small and micro-cap securities across 48 developed and emerging markets globally
