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, Belarus ink MoU to boost trade, investment
RIYADH, SAUDI ARABIA - The Federation of Saudi Chambers and the National Center for Marketing and Price Study at the...Business Economy Geostrategy
Electrified cars hit almost a fifth of EU Q3 vehicle sales
At least one in five vehicles sold in the European Union (EU) in the third quarter of the current fiscal...Battery electric vehicle sales jumped nearly 57 per cent to more than 212,000 units, while plug-in hybrid models rose nearly 43 per cent
This is a slower pace of growth than in 2020 when sales almost trebled from a low base
Bavarian & DEWA discuss renewable energy collaboration
They also discussed boosting relations, and interchanging knowledge with German businesses.DEWA and Bavarian officials met to discuss partnership in clean energy
By 2050, Dubai plans to fulfill 75 percent of its energy requirements through renewable sources
Combat Field: a gamer’s paradise at Riyadh Season
Among many attractions of Riyadh Season is Combat Field for fans of war and combat games. It simulates the reality...The total area of the Combat Field area situated in "Janadriyah" northeast of the capital, Riyadh is about 310,000 square meters
Also, the Combat Field area includes a weapons museum, 5 exhibitions for the sale of ammunition, weapons and accessories, as well as live shows of fighting robots
UAE minister says global energy transition to take time
The United Arab Emirates’ minister of state, Sultan Al-Jaber, said that the world needs to accept that global energy transition...The minister believes that the world is entering an oil supply crunch
He said that 80 percent of energy demand still comes from fossil fuel. He added that the world was ‘underinvesting’ in hydrocarbons
New leaks rock Facebook
Internal documents seem to support the accusations.Facebook held back from doing all it could to stop users from being radicalized, say recent leaks
It is also accused of not doing enough to stop US election misinformation from flooding the social network
European nations strive to cushion energy price hikes
Price freezes, tax cuts, energy payments or credits, targeted aid... in the face of soaring energy prices European nations are...France announced Thursday a one-time, tax-free payment of 100 euros to people with revenues of less than 2,000 euros per month
It had already announced an exceptional, additional 100-euro payment to six million households which receive cold weather payments to help pay their energy supplier
Bitcoin drops off record high as ETF-frenzy subsides
Cryptocurrencies declined on Friday following an ETF-fueled rally that saw it reach a record $67,016 on Wednesday, as investors questioned...Bitcoin’s recent rally — six-months after its previous top of $64,895 — was fueled by the debut of the ProShares Bitcoin Strategy ETF
Investors have bet the long-awaited launch of bitcoin ETFs will lead to greater investment from both retail and institutional investors
STV sets its sights on $1bn Middle East tech fund
STV is aiming to raise at least $1 billion for its second Middle East technology investment fund, making it potentially...The people chose to remain anonymous as the details of the fund remain private
IPOs in the region have also recently taken prominence with Adnoc Drilling coming to the market as the largest IPO on the Abu Dhabi stock market
Al Babtain to procure SAR 250m loan
The facility will be provided through Murabaha modeThe duration of the banking facility is four years and 282 million riyals have been pledged as guarantees for the financing.
The company said the loan will be used for re-structuring a part of short-term finances.
Banan to distribute cash dividends
The shareholders will get dividends for the period ending June 30.Banan Real Estate Company focuses on the investment and development of commercial, hospitality, and residential real estate.
The dividends will be distributed automatically by depositing in the investment accounts linked to the shareholders’ portfolios.
