Dubai, UAE - Leading financial institutions are spearheading a transformative wave in the UAE real estate sector through the introduction...
London, United Kingdom - Major stock markets traded mixed Thursday before the release of US inflation data that could present a...
Tadawul, the Saudi stock exchange, has barred three companies from trading in shares over their failure to issue financial statements...The exchange suspended Saudi Cable Co. shares from the main market
It also suspended Obeikan Glass Co. and Advance International Company for Communication and Information Technology from the Nomu parallel market
Diamonds shine brightly at this year's Geneva watch fair but the sanctions slapped on Russia could soon force the Swiss...Luxury watchmakers exhibiting at Watches and Wonders depends on their reserves, as the major supplier of diamonds, gold, and other precious metals Russia faces worldwide sanctions
Switzerland is the chief importer of Russian gold, ahead of precious metals such as platinum followed by diamonds
The MoU is said to be in the field of maritime transport, exchange of experiences, and strengthening strategic partnership.The MoU aims to enhance cooperation between the two countries in the field of transport, especially maritime
It is also expected to help exchange experience and knowledge to serve the future directives for the next 50 years
Bahrain’s Ministry of Industry, Commerce, and Tourism has announced that big shipments of tomatoes would arrive within the next few...Bahrain’s Ministry of Industry, Commerce, and Tourism has said it is closely monitoring the availability of products in the central markets
The ministry is looking to ensure that there are multiple options for basic food products, such as fruits and vegetables, at the usual prices
Lebanon is grappling with an unprecedented financial crisis that the World Bank says is of a scale usually associated with...Lebanon’s crisis, driven by years of endemic corruption, has seen its currency lose more than 90 percent of its value against the dollar
The monthly minimum wage now fetches around $30 on the black market, with 80 percent of the population now living in poverty
That is 67 percent higher than deliveries in the year-ago period.The company delivered 1.06 million cars from April 2021 to March 2022
This included more than 310,000 cars in the first quarter of this year alone
Here’s a broader look at how the region has prioritized solid-waste recycling and the production of alternative fuels to deal...Solid waste management is one of the most critical challenges facing all GCC countries
Construction waste accounts for 53% of the total solid waste generated in the Gulf countries
Saudi corporates’ funding mix is evolving, with the debt capital market for firms increasing noticeably and averaging a 10 percent...Fitch also expects the large Islamic banking sector to drive domestic sukuk growth
Local Sukuk issuances have steadily grown in the local capital market, totalling 41 percent of DCM activity in 2021
The UAE and Saudi stock markets posted considerable gains this week even as oil prices took a dip with the...TASI rose 15.7 percent during the first quarter of 2022
Abu Dhabi index rose 17.2% over this quarter while the Dubai index grew by more than 10%
DEWA has decided to increase number of shares from 260 million to 760 million to be offered to retail investors...This means the number of shares offered in the DEWA IPO has increased from 8.5 billion ordinary shares to 9 billion ordinary shares
Based on the previously announced price range of AED2.25 to AED2.48 per share, the Retail Tranche will now be between AED1.71 billion and AED1.88 billion
