Red Sea Global, Riyad Bank sign agreement on $522m financing
TABUK, SAUDI ARABIA - Red Sea Global (RSG) has completed a US$522 million (SAR2 billion) financing agreement with Riyad Bank,...
Business
SMEs in UAE confront expense management challenges
Digital solutions, including innovative expense management platforms, may help in transforming the administrative landscape for SMEs, a latest report points...
Economy
Egypt economy to grow 5.2% in 2021-22
The IMF has completed the second review of Egypt’s economic reform program allowing the authorities to draw about $1.7 billion...
Traditional airports need to become ‘smart’
Smart counters reduce waiting time, queues, waiting time at passport control, security check, duty-free and other outlets Online check-in by...
Oman launches investment residency scheme for foreigners
The residency period is for a renewable period of five or 10 years Low oil demand and pandemic have hit...
Bahrain to allow travelers with Covid-negative tests
*Bahrain to allow some travelers into the country, but bar many *Citizens of red zone countries like India, Pakistan, Sri...
Bahrain’s FDI inflows reach $1 billion in 2020
*Though global FDI contracted by 35 percent, Bahrain's inward FDI stocks increased 3.3 percent to reach $31.7 billion in 2020...
Abu Dhabi announces updated list of ‘green’ destinations
*Passengers from Green List destinations only need PCR testing upon arrival at Abu Dhabi Airport *Green List countries will be...
Upbeat sentiments driving UAE stocks
A total of Dh1.235 bn in deals were conducted in ADX while DFM saw Dh212 million in deals Emaar Properties...
4 French executives charged with spying on opposition Libya, Egypt figures
The former chief of Amesys, Philippe Vannier, was charged in Paris last week with "complicity in acts of torture" Olivier...
UAE 15th largest FDI recipient in 2020
The emirates climbed seven places in global rankings from 2019 to 2020 The country also maintained its place as...
Mubadala’s satellite unit IPO on the cards in Abu Dhabi
Mubadala will follow it up with its aluminum venture It is intended to strengthen Abu Dhabi bourse The initial public...
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Red Sea Global, Riyad Bank sign agreement on $522m financing
TABUK, SAUDI ARABIA - Red Sea Global (RSG) has completed a US$522 million (SAR2 billion) financing agreement with Riyad Bank,...
Business
Company News
Latest News
Investments focus as KSA gets Civil Transactions Law
The new law seeks to provide a robust legal framework governing all contracts and transactions, instilling confidence in business sector...
Economy
UAE gold forecasted to grow by 3.6% annually through 2030
Dubai, UAE - The UAE's precious metals market, which includes gold, jewelry, gold bars, and silver, is expected to reach...
Business
UAE consul general visits Albany to foster deeper economic, cultural ties
Albany, New York-- The UAE has reiterated its resolve to strengthen economic and cultural ties with New York and the...
Economy
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Economy
Dubai records 78% realty sector YoY growth in May
Dubai, UAE: Dubai's property sector has witnesses a 78 percent increase in sales volume in May 2023 when compared to...
- Recent data indicating a 78% increase in sales volume in May 2023 when compared to the same period one year ago
- 11,700 real estate transactions were logged last month, an almost double bump from the 6,587 sales that were registered in May 2022
Economy
UAE aims to drive sustainable development with its new policy on energy market
Dubai, UAE-- The UAE has set its sights on regulating the energy providers market as a step toward developing the...
- The new policy looks to increase investments in the energy sector, modern technologies that will provide long-term economic and environmental benefits
- The minister emphasized the policy's role in bolstering the UAE's sustainability solutions to drive climate change mitigation efforts and enable integration between stakeholders
Economy
Saudi Arabia climbs to 13th rank on IATA air connectivity index
Riyadh, Saudi Arabia-- Saudi Arabia vaults to the 13th position on the air connectivity index of the International Air Transport...
- The kingdom rose by 14 places in the ranking that includes more than 200 countries, and it clocked highest connectivity level by linking up 131 destinations
- Saudi Arabia has recorded 42 percent growth in the number of passengers during the first four months of 2023 as against the same period last year