Abu Dhabi, UAE -- Abu Dhabi Customs reported a 9 percent increase in the emirate’s non-oil foreign trade in 2024,...
ZURICH, SWITZERLAND - Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be...The 167-year-old bank's final AGM was the first chance Credit Suisse shareholders had to voice their frustrations.
"I can understand the bitterness, the anger and the shock of all those affected," Credit Suisse chairman Axel Lehmann said.
Hong Kong, China--Chinese property developer Evergrande said it has entered into a restructuring agreement with a group of international creditors, in...Evergrande, once China's biggest real estate firm, was found to be neck-deep in $300 billion in liabilities, touching off a nationwide property crisis
The company, in a Hong Kong exchange filing, said it had agreed to proposals with creditors who hold a big chunk of developer's offshore bonds
The poll discovers people struggling across the Middle East to cope with high cost of living in the holy month...Egypt has seen inflation vault to 32 percent in February with the government taking steps to mitigate its effect on low-income groups
Lebanon is facing a more severe cost-of-living crisis, with inflation reaching up to 123 percent in January
Abu Dhabi, UAE - UAE stock markets Monday continued to capitalize on improved investor sentiments, with blue-chip communication stocks leading...Saudi Arabia, as per the report, was the best performing GCC market during the month with a gain of 4.8 percent
The Muscat Stock Exchange was the second-best performing market for the second consecutive month in March 2023
Manama, Bahrain - Bahrain has announced the launch of a Golden Licence, providing incentives and streamlined services to foreign and...The move builds upon the growing investment attractiveness of Bahrain, which has recently recorded its highest Real GDP growth rate in almost a decade
Companies with major investment projects that will create over 500 jobs, or those with investment value exceeding $50 million, will be eligible for the license
Organizations across the Kingdom are witnessing major DX impact in customer satisfaction, cost efficiencies, and data-driven insights, an IDC executive...Organizations across the Kingdom are witnessing major DX impact in customer satisfaction, cost efficiencies, and data-driven insights, an IDC executive tells TRENDS
More than 50 percent of chief information officers in Saudi Arabia are now focused on transitioning their existing business models to digital ones, says an IDC report
A total of 3049 new companies joined DMCC in 2022.This is DMCC's best performance in Q1 since its inauguration in 2002, marking a 8.4% increase year-on-year.
The best performing sectors for DMCC was its traditional core markets, which showed strong results in businesses from various countries.
The Kremlin said oil output cuts by Russia, Saudi Arabia and other major producers that have caused prices to soar...Saudi Arabia and other major oil producers announced Sunday a production cut of more than one million barrels per day.
Russia said it would extend until the end of the year its own voluntary production cut of 500,000 barrels per day.
BEIJING, CHINA - Chinese authorities have begun an investigation into leading US memory chipmaker Micron Technology, a decision Beijing's foreign ministry...The probe escalates an already fierce battle between US and China for supremacy in the field of semiconductors.
US authorities have in recent years sought to prevent the country's advanced chip technology from being exported to China.
Sunday's move "caught the markets off guard" and reversed recent oil-price gains, noted ActivTrades analyst Ricardo Evangelista. "With the fizzling...Crude futures surged almost eight percent at one stage after multiple members of the OPEC+ exporters' alliance unexpectedly slashed production
The shock reduction, unveiled Sunday by Algeria, Iraq, Kuwait, Oman, Saudi Arabia and the UAE, will start in May and last until the end of the year
