Saudi Arabia leads GCC in project awards this year
The 2024 outlook for the MENA region's project market is exceptional, with an anticipated surpassing of $270 billion in value,...Business
Oman and Etihad Rail Co, Al Jazeera Steel sign MoU for raw materials
Sohar, Oman -- Oman and Etihad Rail Company (OER), the developer and operator of the UAE-Oman Rail Network, and Al...Business
Jordan tourism revenues pass $21 million in first 11 months of 2021
The total number of tourists coming to the Kingdom in the period has surpassed 2.1 million, while the number of...The total number of tourists coming to the Kingdom in the period has surpassed 2.1 million, while the number of overnight tourists has inched up by 8.9 percent
Jordanian Minister of Tourism Nayef Al-Fayez said that the National Tourism Strategy is geared to attract more tourists than recorded in 2019, before the outbreak of the pandemic
Etihad signs China deal
The airline will work with the Henan Province Airport Group.The virtual MoU was signed during the virtual Zhengzhou Week event at the China Pavilion at Expo 2020 Dubai
It is said to contain plans for Etihad’s potential operation of regular cargo services between Abu Dhabi and Zhengzhou
Binance gets nod to become crypto asset service provider in Bahrain
The regulatory approval, the first in the Middle East and North Africa region, may push Binance to set up its...The regulatory approval, the first in the Middle East and North Africa region, may push Binance to set up its headquarters in Manama
The second regulatory approval for Binance has come from Canada, which has approved a money services business license
Saudi Central Bank seeks consultation on real estate refinance regulations
The Saudi Central Bank "SAMA" has released a public consultation on rules for regulating the business of real estate refinance...The draft can be reached by visiting Public Consultation Platform affiliated with the National Competitiveness Center at https://istitlaa.ncc.gov.sa.
SAMA has invited the public, specialists, and interested individuals to provide their views and observations on the rules within 30 days.
Abu Dhabi Global Market to begin Monday-Friday workweek from Jan 1
Abu Dhabi Global Market (ADGM) has announced that it will commence a Monday to Friday working week from 1 January...ADGM said the new working week brings Dubai's business community and financial sector closer to global markets and real-time economic and trading activities.
More than 3700 entities are registered with the ADGM and it has a strong pipeline of growth, said the IFC in a statement.
Jordan bank plans acquisition
Central Bank will acquire the Societe Generale Bank Jordan.The acquisition is said to be part of a drive to expand the Central Bank's foothold regionally and domestically
Its chairman Bassem Al Salem said the bank would also issue $100 million in perpetual bonds to help drive growth
Spider-Man first $1bn post-pandemic movie
No Way Home has grossed $467.3 million in North America and $587 million internationally since its release earlier this month.Spider-Man has become the first billion-dollar-grossing film of the pandemic era
The movie took an estimated $81.5 million in North America over the Christmas weekend
Evergrande vows to deliver homes
The Chinese real-estate firm has $300 billion in liabilities.In recent months, Evergrande has repeatedly said it will finish its unfinished projects and deliver them to buyers
This, despite the company having missed a payment of more than $1.2 billion earlier this month
Ecommerce changes GCC buyers, sellers forever
As ecommerce expands, companies are becoming more aware of the region's shifting consumer behavior and needs, say experts.Retailers in the region are becoming more aware of the necessity to create ‘brand.com’ sites
AR and AI will become more commonly used to improve the consumer experience
KPMG Lower Gulf revenues up, workforce rises by 21 percent
KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021....KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021.
Advisory grew 17 percent, Audit 4 percent and Tax & Legal Services at 8 percent, the firm said.
