Business - TRENDS MENA

Jeddah, UAE--The Arab Tourism Organization (ATO) has signed a partnership agreement with the International Strategic Management (ISM) company to achieve...

Dubai’s real estate market recorded 246 sales transactions worth AED610.89 million ($166 million) and mortgage deals of AED151.82 million in...
The sales included 223 villas and apartments worth AED 503.64 million, and 23 land plots worth AED107.25 million.
The mortgages included 38 villas and apartments worth AED110.84 million and 18 land plots valued at AED40.99 million.
UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi has said the trade partnership with India...
India is the UAE’s second-largest trade partner, accounting for nine percent of the UAE’s overall global trade and 13 percent of the UAE's non-oil exports.
Some 13 percent of India’s exports are re-exported through the UAE to the Gulf Cooperation Council, Iran, Iraq and some Central Asian countries.
The OECD rules will ensure that multinational corporations pay a minimum 15% tax rate from 2023.
The OECD rules will ensure that multinational corporations pay a minimum 15% tax rate from 2023
The Pillar Two model rules provide governments a template to address the tax challenges arising from digitalisation of the economy
The main reason for high inflation rates in the GCC countries is a rebound in prices in the sectors that...
Food and beverages in Kuwait accounted for a whopping increase in prices, while education costs decreased 15.46 percent
Saudi Arabia’s annual inflation increase is due to a 6.4 percent growth in transportation costs and a 1.4 percent rise in food and beverage prices
The new methodology also introduces measurement of these exposures, based on credit risk-weighted assets using the CBUAE’s capital adequacy standards.
The comprehensive standards require banks to review and improve their internal policies to enhance sound underwriting, valuation and general risk management.
Banks with higher risk-weighted real estate exposure in their portfolios will be subject to a more extensive supervisory review of their underwriting and risk management .
The facility is in line with EDB's strategy to support large corporates.
The bespoke credit facility additionally benefited from the comprehensive trade credit solutions provided by Etihad Credit Insurance (ECI).
The facility will be utilized to support Lamprell in delivering two new build jack-up rigs for IMI which are currently under construction.
The acquisition is part of Al Qudra's diversification strategy.
Al Qudra Holding, founded in 2005, has a large portfolio of customers including Manarah Bay, a multi-usage project covering about 52,000 square meters in Abu Dhabi.
The frim operates as an investment holding company and focuses its investments and strategic partnerships in sectors such as oil and gas.
The World Trade Center will deliver and oversee a new world-class regulatory framework of Virtual Asset legislative and enforcement policies.
The announcement follows the efforts to further develop Dubai virtual assets and markets, includes creating a framework for financial products.
The Dubai World Trade Centre will collaborate with the private sector and relevant entities in Dubai to create an attractive environment for the sector.
French lending giant BNP Paribas said Monday it had sold its US retail and commercial banking arm Bank of the...
BNP has owned the bank since 1979 and operates 555 branches in 20 US states, with over 9,000 staff.
The French lender said the US arm had accounted for around five percent of its group-wide pre-tax earnings of between 12 and 14 billion euros in recent years.
Dubai airport, one of the world's busiest travel hubs, is fully operational for the first time since the coronavirus pandemic...
Travel via Dubai increases at the end the year, with foreigners -- who make up the majority of the emirate's population -- heading home for the holidays.
Since the pandemic began, the UAE has registered over 744,400 cases, including 2,152 deaths.