Shares of Microsoft vaulted 5.3 percent after it reported $27.2 billion in quarterly profits as it touted massive investments in...
Washington, United States -- The US deadline of August 1 for imposing tariffs on its trading partners is firm and...
In 2022, 45 percent of adults in Saudi Arabia had a net worth of less than $10,000, against 43 percent...The net worth per adult in Saudi Arabia surged by an impressive 8.6 percent in 2021, followed by a 6.6 percent increase in 2022, both measured in US dollars.
The Gini coefficient for wealth inequality in 2022 was 86.7 in Saudi Arabia and 86.9 in the UAE, placing both nations among the highest in global wealth inequality rankings.
Manama, Bahrain - Tamkeen, a semi-autonomous government agency, tasked with developing Bahrain's private sector has decided to support the Bahrain-based...The support will enable Procural to enhance its ability to use cloud-based technology and Artificial Intelligence (AI) to match vendors with buyers
Procural offers a range of features that include cloud-based infrastructure, customizable approval workflows, automated purchase orders, and real-time budget tracking
Train trips in H1 2023 rose 46 percent compared to H1 2022.The volume of minerals and goods transported over SAR networks during the second quarter of the year exceeded 6.34 million tons.
The total volume of goods transported by SAR H1 2023 rose to over 12 million tons, a 13 percent increase compared to the previous year.
Riyadh, Saudi Arabia - Saudi Arabia boasts the world's largest Islamic finance market, with combined Islamic assets across various sectors...Al-Sayari revealed that the total value of Islamic finance assets worldwide has surged to over $2.99 trillion
The Islamic banking sector in Saudi Arabia contributes a substantial 33% of the global Islamic bank assets
"The UAE possesses essential capabilities such as modern infrastructure, a commendable track record in sustainability and environmental conservation, recognition as...Sheikh Mohamed highlights role of youth, women, and civil society in combating climate change
UAE invites global cooperation for collective climate action, COP28 to lead efforts under UAE Presidency
The boat was spotted on Monday almost 200 miles from the island of Sal by a Spanish fishing boat, which...Media reported that the "pirogue" style boat common in the region left Senegal a month ago
Senegal's foreign ministry said that 38 people were rescued from the migrant boat off the Cape Verde coast
Zurich, Switzerland – The latest Global Wealth Report predicts global wealth to reach $629 trillion by 2027, despite 2022 being...The report estimates wealth per adult to reach $110,270 in 2027 and the number of millionaires to rise to 86 million
When looked at in demographic terms, Generation X and Millennials continued to do relatively well in 2022
- The number of new industrial Rowad permits issued in Abu Dhabi increased from 204 to 238 from July 2022 to...
$15.36 billion in capital investments made by manufacturing facilities moved to the in-production phase over the year
The number of operational manufacturers in the emirate now stands at 966, up from 922 manufacturers at the end of H1 2022
Central banks are prioritizing fiscal and monetary policy coordination to boost macroeconomic stability, cut inflationary pressures, and support long-term growth.Central banks are prioritizing fiscal and monetary policy coordination to boost macroeconomic stability, cut inflationary pressures, and support long-term economic growth
In 2022, global, regional, and local inflation led to a decline in public revenues and expenditures in the Arab world, while the public budget deficit fell from 6.7% to 2.1%
Saudi Arabia’s real estate sector is evolving with new regulations, creating fresh job opportunities. The latest initiatives seek to enhance...Saudi Real Estate General Authority introduces 12 new roles, including positions like real estate broker, advertiser, and property manager
The initiatives are aimed at boosting the real estate sector's contribution to the Kingdom's GDP, enhancing the role of non-oil sectors
