Operating income for 2025 increased 22% to SAR 39 bn.
Abu Dhabi, UAE -- The UAE Ministry of Finance said on Sunday it had launched its first-ever seven-year tranche of...
RIYADH, SAUDI ARABIA - According to data released by the National Center for Palms and Dates (NCPD), the value of...By the end of 2023, the number of countries importing Saudi Arabian dates had reached 119.
The total value of date and date-byproduct exports increased by 152.5 percent since 2016.
BRUSSELS, BELGIUM - The EU on Friday used new regulatory powers to query Meta about ad-free subscriptions to Facebook and Instagram as...The European Commission made a request for information under the mammoth content moderation law known as the Digital Services Act (DSA).
The EU has launched probes under the DSA to quiz platforms on how they are addressing concerns from consumer protection to children's activity online.
- The bank achieved a Return on Equity of 27.1 percent.
ADIB achieved record-breaking performance in 2023, with significant growth across all its businesses.
Enhancing its digital presence, the bank saw a rise in actively digital customers through improvements to its mobile app.
- Paris, France - Elon Musk has launched a legal case against OpenAI, the AI firm he helped to set up in...
The tycoon, who left OpenAI in 2018, argued in documents filed in a San Francisco court late on Thursday that the firm was always intended as a non-profit entity
But he said recent boardroom changes meant OpenAI was now effectively a subsidiary of software giant Microsoft, arguing that this was breach of contract
- PARIS, FRANCE – Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years...
CO2 emissions from energy rose by 1.1 percent in 2023, increasing by 410 million tonnes to a record 37.4 billion tonnes.
Without the drought and water shortfalls, global carbon emissions from power generation alone would have fallen last year.
ABU DHABI, UAE- Gold prices hovered near a month high on Friday after data suggested easing US price pressures, while...Gold rose after data suggested easing US price pressures.
Traders awaited remarks from US Federal Reserve officials.
Dubai, UAE - Leading financial institutions are spearheading a transformative wave in the UAE real estate sector through the introduction...The initiative is poised to enhance accessibility and efficiency for global investors seeking to engage in property investment within the UAE
Traditionally, the investing in UAE real estate from overseas has been encumbered by complexities associated with cross-border transactions
The new projects are estimated to value US$26.14 billion.The first development valued at $15 billion is poised to set a new standard in premium high-end living
The second valued at $11.16bn is designed to house wellness facilities, a new standard in luxury hospitality
The OMV is headquartered and listed in Vienna, Austria.The transaction accelerates delivery of ADNOC’s global chemicals growth strategy, and reinforces its status as a responsible, long-term partner and growth-oriented investor
Österreichische Beteiligungs AG (ÖBAG), an Austrian independent holding company, now owns 31.5 percent, with the remaining share capital in free float
The region sees a robust future for digital cross-border transfers in the Middle East, marked by innovation and a strong...The region sees a robust future for digital cross-border transfers in the Middle East, marked by innovation and a strong commitment to financial inclusion, says a report.
COVID-19 expanded the diaspora's role in digital payments, boosting prepaid services and accelerating the shift from cash to digital via cryptocurrencies and blockchain.
