Neom, Saudi Arabia - NEOM, Saudi Arabia’s futuristic mega city will now have a premier resort where the spectacular desert...
Islamabad, Pakistan - Pakistan reached a tentative deal to unlock a $1.1 billion tranche of an International Monetary Fund (IMF) bailout...
Under the Virtual Asset Regulatory Authority (VARA) initial regulatory phase, Binance will be permitted to extend limited exchange products and...Under the Virtual Asset Regulatory Authority (VARA) initial regulatory phase, Binance will be permitted to extend limited exchange products and services to pre-qualified investors
The VARA issued Virtual Asset Exchange License ensures Binance will be able to operate its regional business from Dubai in the newly announced regulatory ecosystem
The new rates are said to be effective from Thursday, March 17.The base rate is anchored to the US Federal Reserve’s IORB
It signals the general stance of the CBUAE’s monetary policy
Markets are expecting a total of seven rate hikes this year, and while the US Federal Reserve’s Open Market Committee...At the conclusion of its two-day meeting, the Fed’s Open Market Committee announced a quarter-point rate hike
This is the first increase in interest rates since 2018 and since it cut the rate to zero at the start of the Covid-19 pandemic
OPEC Monthly Oil Market Report has predicted the UAE's economic growth to quicken in 2022.OPEC released the reports on Tuesday where it credited tourism as one of a factor for the economic growth
Further, the rise in crude oil prices would also be a reason for rapid economic growth, said the OPEC reports
The International Energy Agency cut its world oil demand forecast for 2022 on Wednesday, warning that sanctions against Russia over...Russia, the world's biggest exporter of oil, has been hit with a slew of international sanctions over the war in Ukraine, which sent oil prices soaring.
While the measures exclude the energy market, the IEA said major oil companies, trading houses, shipping firms and banks have "backed away from doing business with the country".
It is a first-of-its-kind center in King Abdullah Financial District.This follows an increased number of fintech companies in the region
Saudi had witnessed a massive jump in venture capital investments in the fintech sector
Dozens of Western countries have banned Russian planes from their airspace while some carriers operating flights to Russia have had...Dozens of Western countries have banned Russian planes from their airspace while some carriers operating flights to Russia have had their insurance policies cancelled
Some Turkish holiday operators have cited the impact of Western sanctions when cancelling the plans of their Russian clients
Saudi Arabia has reported a robust growth in its economy, posting a 3.2 percent increase in the gross domestic product,...The economy expanded in 2021 by the highest annual rate since 2015
The economy grew thanks to the rise in non-oil sector by 6.1 percent, while oil activities showed a modest growth of 0.2 percent
Israel has announced that all UAE citizens can now travel visa-free to Israel. The move is part of a wider...Both vaccinated and unvaccinated tourists of all ages are permitted to enter Israel upon presenting a negative PCR test before departure and after arriving in Israel
The announcement follows a recent agreement between the UAE and Israel extending visa-free entry to all UAE nationals as part of the ongoing strategic partnership between them
The Federal Reserve will have to walk a tightrope to ensure its efforts don't derail the recovery from the Covid-19...The Federal Reserve will have to walk a tightrope to ensure its efforts don't derail the recovery from the Covid-19 pandemic
Russia's invasion of Ukraine has introduced new uncertainty in an economy battered by supply chain snarls and labor shortages
