INSEAD Day 4 - 728x90

Economy

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Standard & Poor’s affirms Saudi Arabia’s ‘A/A-1’ credit rating

Riyadh, Saudi Arabia – Standard & Poor's (S&P) affirmed the Kingdom's credit rating in local and foreign currency at "A/A-1"...

Economy

Domestic worker visa applications in UAE up 66% in June 2024, says a report

The UAE, relying on domestic workers (5% of the population), invests $3 billion annually, highlighting the rising demand for domestic...

Economy
Economy

UAE meets 42% of Japan’s crude oil needs in July

Japan imported 81.05 million barrels of crude during July, of which 79.17 million barrels, or 97.17 percent, came from Arab...
  • Japan imported 81.05 million barrels of crude during July, of which 79.17 million barrels, or 97.17 percent, came from Arab countries
  • Saudi Arabia contributed 28.47 million barrels, which is 35.1 percent of the Japanese crude needs
Geostrategy

Saudi delegation visits Jordan’s Petra to enhance cooperation

A delegation from Saudi Arabia's Royal Commission for AlUla (RCU) visited Petra on Tuesday to advance cooperation between the two...
  • PDTRA Chairman briefed the Saudi delegation on the authority's efforts to develop tourism in Petra.
  • The delegation toured the rose-red city and looked firsthand at the Petra By Night program, the flying taxi and other projects.
Economy

Oman issues Treasury Bills worth $103 million for 91 days

Muscat, Oman---The government of Oman issued Treasury Bills worth Omani Riyal 40 million (US$103 million) for a period of 91...
  • The average accepted price reached RO 99.419 for every RO 100, and the minimum accepted price arrived at RO 99.270 per RO 100.
  • Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance.
Market Report

Stocks push higher, but yen and euro under pressure

European and US stocks rose Tuesday, but gains were capped by economic slowdown fears and central bank efforts to contain...
  • European and US stocks rose Tuesday, but gains were capped by economic slowdown fears and central bank efforts to contain surging inflation.
  • Frankfurt rebounded somewhat despite news that Germany's industrial orders slumped for the sixth consecutive month in July.
Economy

ADJD notarization, authentication transactions jump in August

The Abu Dhabi Judicial Department (ADJD) has achieved a record surge in total notarization and authentication transactions carried out in...
  • There were 13,000 notarization and authentication transactions operations in August.
  • The availability of multiple electronic options for submitting and completing transactions remotely helped in the increase.
Geostrategy

UAE takes part in G20 Health Working Group in Indonesia

UAE's Ministry of Health and Prevention (MoHAP) has taken part in the G20 Health Working Group (HWG3) meeting in Indonesia...
  • The UAE ministry's delegation highlighted the importance of promoting solidarity among member states to better meet essential health needs.
  • The delegation said UAE is ready to cooperate with Indonesian officials to expand vaccine manufacturing and research hubs for pandemic prevention.
Economy

Qatar grows its suite of world-class hotels with new openings this month

The Wyndham Grand Doha West Bay Beach, St. Regis Marsa Arabia Island and the Rixos Hotel Doha will soon unveil...
  • The Wyndham Grand Doha West Bay Beach, St. Regis Marsa Arabia Island and the Rixos Hotel Doha will soon unveil an exciting range of culinary concepts
  • Being the host nation of the first-ever FIFA World Cup in the Gulf later this year, Qatar is using the event to fulfil its goal of attracting over 6 million visitors a year
Economy

UAE takes another step to be space technology leader

"We want to attract startups and SMEs so they can prove themselves in the space industry and boost research projects”, Abdulla...
  • The aim of the survey is to emphasize the scale of the space economy in the UAE and to measure its contribution to the country's global growth
  • It will also measure investment efforts in research and development, and the total spending on space exploration and projects
Economy

Business reforms enhance Saudi growth prospects

Prioritizing labor market reforms, boosting employment and ease of doing business is likely to make the Kingdom one of the...
  • Prioritizing labor market reforms, boosting employment and ease of doing business is likely to make the Kingdom one of the world’s fastest-growing economies this year, says expert
  • As brands are looking at Saudi Arabia as their gateway in the Middle East, there is an expected influx of huge amount businesses looking to establish a commercial set up in Kingdom
Business

Saudi Arabia appoints new crypto chief to further its digital program

The kingdom is the largest economy in the Middle East, making it a key market for any firm operating in...
  • Until now, Saudi had shown a circumspect approach on virtual assets, as officials questioned the speculative nature of them.
  • With the emergence of UAE as a global crypto hub, Saudi displayed urgency to draft formal rules pertaining to the asset class.

Standard & Poor’s affirms Saudi Arabia’s ‘A/A-1’ credit rating

Riyadh, Saudi Arabia – Standard & Poor's (S&P) affirmed the Kingdom's credit rating in local and foreign currency at "A/A-1"...
Economy

Company News

Latest News

Innovative solutions crucial to deal with challenges

"From 2021 to 2022, Saudi exports to Portugal jumped by 50 percent, and imports from Portugal rose by nearly 40...
Economy

Tadawul’s sukuk, bonds market sees $3.4bn negotiated deals in first 9 months of 2023

RIYADH, SAUDI ARABIA – The Saudi Exchange's (Tadawul) sukuk and bonds market witnessed 74 negotiated deals worth nearly SAR 12.77...
Market Report

People marvel at ancient Iraq in new ‘Assassin’s Creed’ game

The central character, pickpocket turned master assassin Basim, speaks classical Arabic in "Assassin's Creed Mirage",.
Arts & Culture
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

Qatar, Iran discuss cooperation in free zones, investment

DOHA, QATAR -  Minister of State and Chairman of the Board of Directors of the Free Zones Authority Ahmad bin...
  • The Qatari minister and the Advisor to the Iranian President discussed reinforcing cooperation between the two countries.
  • The Iranian leader and accompanying delegation toured the Free Zones at Ras Bufontas and Umm Alhoul Free Zone.
Economy

Largest climate fund seeks new funding for vulnerable

The Green Climate Fund (GCF) was set up as part of the landmark 2015 Paris Agreement to funnel grants and...
  • The Green Climate Fund says Thursday's conference in Germany will allow it to invest more in a decade it sees as critical for climate action
  • It has laid out a 50by30 vision to manage $50 billion by 2030, almost triple its current capital of $17bn, to focus efforts on developing countries
Economy

‘Qatar remains committed to curb financial crimes’

The Gulf country "remains commitment to international strategies and plans targeting financial crime. In 2023, FATF completed its evaluation of...
  • Qatar has achieved top compliance levels in combating financial crimes, as recognized by the Financial Action Task Force
  • In 2023, the FATF completed its evaluation of Qatar's anti-money laundering and counter-terrorism financing system