CBB Sukuk Al Salam securities oversubscribed by 372%
Manama, Bahrain--The Central Bank of Bahrain (CBB) announced that the monthly issue of the Sukuk Al Salam Islamic securities has...Business
Saudi Arabia seeks to be regional mining force
Saudi authorities seek to promote mining investments and increase its contribution to the GDP to meet the Saudi Vision 2030...Saudi Arabia aims to achieve 75 percent localization in the energy sector by 2030
Saudi mineral wealth value is more than $1.3 trillion, including phosphate and bauxite minerals
Google buys $1bn London office
It is buying the Central St Giles office site, where it is a tenant.Google, however, stressed it remained committed to new hybrid working patterns in the wake of Covid-19
It said it would give the site a multi-million-pound overhaul for flexible working patterns, including outdoor work spaces
Way paved for launch of first Mideast Steigenberger Porsche Design Hotel
Saudi Arabia's Tourism Development Fund has signed an MoU with Deutsche Hospitality, the umbrella brand of the German hotel company...Saudi Arabia's Tourism Development Fund has signed an MoU with Deutsche Hospitality, the umbrella brand of the German hotel company Steigenberger Hotels AG.
Tourism Development Fund provides support to small, medium, and large enterprises and solutions tailored to suit the needs of investors.
Tibbiyah of Saudi Arabia to offer 5m shares through IPO
Tibbiyah of Saudi Arabia that also goes by the name of the Arabian International Healthcare Holding will offer 5 million...The company’s capital is divided into 20 million shares
The offer price will be determined before the subscription period, which will begin on Tuesday February 15 and will end on Thursday February 17
Indonesian student’s selfies fetch $1m in NFT sales
Sultan Al Ghozali, a computer science student at a university, has taken a picture of himself sitting in front of...He intended to use the collection of nearly 1,000 selfies to create a timelapse video for his graduation day.
After learning about blockchain technology, the 22-year-old decided to upload the photos to NFT trading platform OpenSea under the title "Ghozali Everyday"
Bahraini imports increase by 18 percent in Q4 2021
The value of Bahraini imports increased by 18 percent in the fourth quarter of 2021, reaching BD1.406 billion, the Information...The top 10 countries accounted for 71 percent of the value of imports, with the remaining countries accounting for 29 percent, Bahraini media reports said.
The value of exports of national origin increased by 99 percent to BD1.192 billion during the fourth quarter of 2021.
ADDED lays down strict rules on ‘hazardous materials’
ADDED has directed commercial and industrial facilities in the Emirate to license warehouses of hazardous materials away from their headquarters...ADDED has directed commercial and industrial facilities in the Emirate to license warehouses of hazardous materials away from their headquarters
Special requirements, in line with criteria and stipulations of regulatory government entities were introduced
Saudi energy minister says OPEC+ is independent
Prince Abdulaziz bin Salman, Saudi energy minister, has remarked that the OPEC+ group is independent and against any external interference...Prince Abdulaziz pointed out that the OPEC+ policy has succeeded in providing the oil market with the supplies it needs at all times
Its decisions have come against a backdrop of pressure from countries such as the US, which want oil production drastically increased to tackle rising prices
Citi to sell SE Asian biz for $3.6 bn
Singapore's United Overseas Bank will buy the franchisesThe total price of the Singapore's United Overseas Bank acquisition is Sg$4.9 billion ($3.6 billion).
As part of the deal, around 5,000 Citi employees are expected to transfer to UOB, the lenders said.
Football transfer values hit 5-year low in 2021: FIFA
A total of 18,068 transfers were registered, against 17,190 in 2020, a rise of 5 percent. The top 10 transfers...Spending on transfer fees was $4.86 billion, down 13.6 percent from 2020 and 33.8 percent from the record levels of 2019
Players from France accounted for the highest amount of spending, with $643 million, displacing Brazil from the top spot
