GCC, OPEC boost ties to stabilize global oil markets
During his meeting with OPEC Secretary General Haitham Al Ghais, Albudaiwi praises the significant efforts of OPEC and its crucial...
Economy
Stock markets diverge before Nvidia results, Federal Reserve minutes
Stock markets diverged as traders awaited earnings from US tech darling Nvidia, in addition to minutes from the Federal Reserve...
Market Report
Bahrain to spend $324 million to build over 1,300 flats in Salman City
Bahrain plans to build a total of 1,382 flats on Island 12 of Salman City at a cost of BD123...
French judges weigh money-laundering charges against Lebanon’s central bank chief
French anti-corruption judges are probing money-laundering charges against Lebanon's central bank chief Riad Salameh
Economy in focus as Assad retains Syria’s presidency for fourth term
President Bashar al-Assad vows to focus on economy after taking the oath of office for a fourth term in Syria...
Bahrain to tap debt market to tide over financial crunch
The last time the Bahraini Kingdom tapped the international debt market was in January, when it raised $2 billion
Non-Arabs invest $87m in UAE markets from Jan-May 2021
Growth indicates a steady capital inflow into the two markets due to the increased investor confidence in UAE capital markets
Wealthy nations cancel Sudan debt worth $14 billion
The remaining of the total $23.5 billion debt will be rescheduled and will likely be canceled in the future, says...
Qatar re-opens for fully vaccinated international travellers
The new arrangements will also make it easier for citizens and residents of Qatar to travel in and out of...
France announces aid conference for Lebanon as Hariri quits bid to form govt
Lebanon faced yet more misery Friday after the failure of premier-designate Saad Hariri to form a government, and as France...
Saudi minister inaugurates projects, initiatives worth $8.35 million for pilgrims
Saudi Arabia on Thursday inaugurated several projects in Jeddah worth SAR 31.32 million ($8.35 million) to help Hajj pilgrims
Saudi ports see 1.83% increase in cargo handling
Saudi ports saw an increase in the total number of handled cargo as well as passengers during June 2021
GCC, OPEC boost ties to stabilize global oil markets
During his meeting with OPEC Secretary General Haitham Al Ghais, Albudaiwi praises the significant efforts of OPEC and its crucial...
Economy
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Saudi Arabia unveils AROYA Cruises to boost tourism industry
Riyadh, Saudi Arabia-- Saudi Arabia has unveiled its own cruise-line brand called AROYA Cruises to fuel growth in its tourism...
Business
Asian, European markets drop as China stimulus hopes fade
Equities enjoyed a strong run-up last week, partly on the back of hopes that Beijing would unveil a raft of...
UAE’s GCAA signs agreement with ICAO to boost collaboration
Montreal, Canada--The UAE General Civil Aviation Authority (GCAA)Â and the International Civil Aviation Organisation (ICAO) has signed a joint cooperation agreement...
Economy
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Economy
UAE’s foreign trade records 17% jump to US$607bn in 2022
The boost in foreign trade comes on the back of the signing of the comprehensive economic partnership agreements that the...
- The UAE until now has forged comprehensive economic partnership agreements with four nations: Turkey, Israel, Indonesia and India
- Dubai Customs provides a range of commercial and customs services to traders and investors from countries that have signed CEPA with the UAE
Business
Sheikh Mohammed inaugurates 5th phase of Mohammed bin Rashid Al Maktoum Solar Park
DUBAI, UAE - Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of...
- Sheikh Mohammed inaugurates 5th phase of Mohammed bin Rashid Al Maktoum Solar Park.
- The fifth phase of the project will provide clean energy will reduce 1.18 million tonnes of carbon emissions annually.
Gulf Union Alahlia Q1 profit $7.5m
Results were due to a fall in insurance services expenses.
- Net investment income rose to US$1.2 million (SAR 4.6 million) from US$1 million (SAR 4 million) in Q1 2022.
- The insurance services provider reported a rise in other income to US$4 million (SAR 15 million) in Q1 2023.