The company's profit surged to US$6.8bn last year.
- The net profit grew by 5.1 percent to $155 million.
Payment landscape in Gulf countries is headed for a significant change, Ralf Wintergerst, Group CEO of G+D tells the TRENDS....Payment landscape in Gulf countries is headed for significant change as it’s among the fastest-growing e-commerce markets, Ralf Wintergerst tells the TRENDS
Many central banks in the GCC region are already testing in sandbox environments to simulate a digital currency under real-world conditions, Wintergerst added
- The "robot chef", which is the size of a large oven, can make three different steaks simultaneously -- though a...
It mixes ingredients including beans, potatoes and chickpeas to create a texture that resembles that of real meat, says CEO of an Israeli startup.
Around five percent of Israelis say they are vegan and the market for meat alternatives is on the rise.
Dubai Chamber has announced that it will shift to a four-and-a-half day working week from 3 January 2022. This is...The new working week is in line with the newly approved workweek for UAE federal government employees.
The official working hours will be nine working hours per day Monday-Thursday, from 8am to 5pm, and four working hours on Friday, from 8am to 12pm.
Kuwait's leading Islamic bank, Warba Bank, celebrated the listing of the bank's $250 million perpetual Tier-1 Sukuk on Nasdaq Dubai...This was the third listing after a $250 million and a $500 million instrument in Mar 2017 and Oct 2019 respectively.
The new listing brings the total outstanding value of the bank’s Sukuk on the exchange to $898 million.
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
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
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
- 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 (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.
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
