Cinema ticket prices in Saudi Arabia decline by 16% in 2023
Riyadh, Saudi Arabia - The average cinema ticket prices decreased by over 16% in 2023 compared to the previous year,...Business Economy
France flooded with applications for electric car leasing scheme
Paris, France - The French government has been flooded with applications from low-income households to lease a subsidized electric car from...Business Economy Energy Climate Change
Saudi bank inks $100m deal
The agreements are aimed at bolstering Saudi exports.The Saudi Export-Import Bank has signed reinsurance agreements worth over $101 million (about SAR 380 million)
It signed the deals with the Arab Investment and Export Credit Guarantee Corporation or Dhaman
ECI and Indonesia Re sign agreement to boost exports and investments
Etihad Credit Insurance and Indonesia Re, the state-owned reinsurance agency of Indonesia, have signed an MoU to boost bilateral exports...The two organizations will support strategic economic sectors such as steel and aluminum, ceramics, renewable energy.
They have also agreed to explore recoveries of claims to be collected in Indonesia or the UAE.
Abu Dhabi Crown Prince, King of Netherlands discuss regional, global issues
Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and King Willem-Alexander of the Netherlands have discussed friendship...The parties tackled several regional and international issues of mutual interest and exchanged views in this regard.
Two days ago, 50 Dutch companies arrived in the UAE on a trade mission.
Helal Al Marri appointed chairman of Dubai Financial Market
Helal Saeed Al Marri has been named as the new chairman of the Dubai Financial Market by the Committee for...Appointment of new DFM board of directors announced by Deputy Ruler of Dubai Sheikh Maktoum bin Mohammed.
Al Maktoum thanked outgoing Essa Kazim for his efforts to manage the DFM since its inception 20 years ago.
Dubai Investments net profit $123m
The firm will focus on the real estate market, its CEO said.Total Income also increased to AED 2.6 billion from AED 1.9 billion for the first nine months of the year.
The Group recently announced its new venture in the emirate of Ras Al Khaimah.
Top oil producers to assess output amid pressure to open up the taps
The powerful producers led by Saudi Arabia and Russia in the so-called OPEC+ grouping are expected to re-affirm a decision...There is pressure from the US and other big consumers to open up the taps much more decisively.
OPEC+ members seem to prefer to stick to their plan of easing cuts by 400,000 barrels per day per month.
GMIS, FAB to enhance SME’s access to finance, drive industrial growth
The Global Manufacturing and Industrialisation Summit (GMIS) announced on Thursday a partnership with First Abu Dhabi Bank (FAB), that will...The GMIS-FAB partnership will also highlight the importance of ‘green finance’.
GMIS 2021 will be held alongside the six-day GMIS Week from November 22-27 at the Expo.
Emirates to launch daily Dubai-Tel Aviv flights from Dec.6
Emirates is to start daily flights between Dubai and Tel Aviv on December 6, the airline announced, in the latest...Abu Dhabi-based airline Etihad and Israeli carrier Arkia now also offer regular flights.
Emirates said the new service would also link Israel seamlessly with its global route network.
Finfluencers turn to TikTok to peddle investment advice
Across the globe, investment gurus in their 20s are building huge followings on social media.Fintok and Stocktok finfluencers have made their influence on TikTok
Reels and videos made on stocks and finance education getting viral on this world of entertainment
Toyota lifts annual profit forecast despite production cuts
The world's top-selling automaker has recovered quicker than its competitors from some of the impact from Covid.The world's top-selling automaker has recovered quicker than its competitors from some of the impact from Covid
The global shortage of microchips -- essential components of modern cars -- has forced many automakers to slow or temporarily halt production
