Bank takes over Amiantit subsidiary
The bank will absolve Amiantit of all its financial obligations.Company News Business Banking & Finance Economy
Abu Dhabi’s non-oil economy expands 7.7 percent in Q3 2023
ABU DHABI, UAE - The Statistics Center - Abu Dhabi (SCAD) has reported a substantial 7.7 percent growth in the...Economy
Plan to transform Amman into smart city completed: Mayor
Amman Municipality’s plan to transform Amman into a “smart city” looked at other countries’ experiences in this field.Amman Municipality’s plan to transform Amman into a “smart city” looked at other countries’ experiences in this field
Amman also figured among Bloomberg’s winning cities in 2021-2022 mayors’ challenge
Fed sharpens inflation-fighting tools as rate hikes near
The Federal Reserve has its inflation-fighting weapons ready to fire, and when the US central bank's policy committee convenes this...The policy-setting Federal Open Market Committee (FOMC), which opens its two-day meeting on Tuesday, is widely expected to begin hiking interest rates in March
By the end of 2021, policymakers conceded they had miscalculated and pivoted, announcing they were ready to attack inflation head on
Arab countries see surge in crypto investors
In 2021, Triple-A estimated global crypto ownership rates at an average of 3.9 percent, with over 300 million cryptocurrency-owners and...Consultancy firm Triple-A estimates global crypto ownership rates at an average of 3.9 percent
The number of cryptocurrency investors is expected to rise in 2022, mainly in the UAE and Bahrain
Iraq Forum for Clean Energy 2022 kicks off on Sunday
The ministry of oil endeavors to support all initiatives and efforts to gradually shift from traditional to clean and renewable...The companies include South Gas, Basra Gas, Shell and Siemens Energy, Schlumberger, Baker Hughes
The forum will be used for discussing the programs for developing the renewable energy sectors in Iraq
Two Iraqi banks to open in Saudi Arabia
The Saudi Central Bank has announced the opening of two branches of two Iraqi banks in Riyadh, and confirmed the...The bank also indicated the allocation of more than one billion Riyals ($270 million) to the Sports City.
In 2021, the second training program for employees of the Central Bank of Iraq was started
Germany to offer €100m loan to reform Tunisian banking sector
This disbursement is part of a loan agreement signed in 2020 between Tunisia and the German Development Bank to improve...This disbursement is part of a loan agreement signed in 2020 between Tunisia and the German Development Bank to improve access to financing for SMEs
German Ambassador to Tunisia Peter Prüge said that the decision to give loan was taken in view of the roadmap for restoration of democracy prepared by Tunisian President Kais Saied
Tadawul approves listing of SAR 2.8bn debt instruments
The debt instruments are issued by the Saudi government and submitted by the Ministry of Finance.The debt instruments are issued by the Saudi government and submitted by the Ministry of Finance
The debt instruments' first issuance stands at SAR 1.248 billion, while the second offering is valued at SAR 1.585 billion
Qatar signs agreement to ensure gas supply to Gaza power plant
In late December, the Qatari committee had signed an MoU with the Energy and Natural Resources Authority and the Gaza...In late December, the Qatari committee had signed an MoU with the Energy and Natural Resources Authority and the Gaza Electricity Generation Company
Under the MoU, the Qatari committee will finance the construction of the gas pipeline from the supplier company to the borders of the Gaza Strip at a cost of USD60 million
EU nations debate whether nuclear, natural gas energy ‘sustainable’
Hours before the window for lodging objections closed, EU environment and energy ministers meeting in France on Friday differed sharply...The controversy pits countries led by France against Germany, Austria, and others in the EU
Nuclear power is carbon-free, while gas is significantly less polluting than coal
Fixes and flaws of new UAE labor laws
The United Arab Emirates has set itself on a new course to completely overhaul the labor laws in order to...The Covid-19 pandemic has led to rapid changes in working patterns
The UAE's new labor law may provide it a competitive advantage by giving expat workers better rights
