Lunate Capital launches Shariah-compliant ETF tracking Indian equities
ABU DHABI, UAE - Lunate Capital announced the launch of the Chimera SP India Shariah ETF, a physical, in-kind, liquid,...Business Economy Markets
Gulf countries eye global metal recycling hub status
Amidst an electric vehicle market boom, a looming global shortage of crucial minerals such as lithium and cobalt threatens to...Economy
UAE investing hub despite high starting cost
Starting a business in the Emirates makes a $7,444 hole in the pocket, but world-class infrastructure, excellent connectivity, business-friendly policies and...Having been pegged to the US Dollar since 1973, the AED is favorable to all business firms within the country due to its steadiness.
Saudi businesses in the past had to clear 13 procedures and required to have 1,057 percent of income per capita in the bank before starting a business.
War-weary Libyans yearn for end to daily blackouts
In the decade since the NATO-backed overthrow of longtime dictator Moamer Kadhafi, repeated outbreaks of fighting have caused heavy damage...In the decade since the NATO-backed overthrow of longtime dictator Moamer Kadhafi, repeated outbreaks of fighting have caused heavy damage to the power distribution network
On most days, Tripoli residents can expect multiple cuts to the mains supply totalling 12 hours a day
Iraq’s Mosul struggles to rebuild without funds
Mosul, the country's second city in Nineveh province, was the last major Iraqi bastion of the Islamic State group's failed...Mosul, the country's second city in Nineveh province, was the last major Iraqi bastion of the Islamic State group's failed "caliphate" between 2014 and 2017
The city was retaken by the Iraqi army and a US-led coalition after intense bombardment and fighting that left it in ruins
Covid-19 fails to impact realty in UAE, Saudi Arabia
While the UAE has seen a record amount of real estate sales in the first six months of 2021, Saudi...Demand for villas increased in the UAE because of the pandemic outbreak and also due to low-interest rates.
The real estate sector contributed 14.2 percent of the Saudi GDP ranking third as the most contributing economic activity.
GCC cautious, but optimistic about crypto
The UAE and Saudi Arabia have already formed policies to regulate cryptocurrencies, while Bahrain has given an official stamp on...US investors made $4.1 billion from Bitcoin in 2020
However, a UAE resident lost AED15,000 (a little more than $4,000) after investing in DubaiCoin
S&P, Nasdaq end at records following Powell speech
At the closing bell, the broad-based S&P 500 had advanced 0.9 percent to 4,509.37 -- its first close over the...At the closing bell, the broad-based S&P 500 had advanced 0.9 percent to 4,509.37 -- its first close over the 4,500 mark
The tech-rich Nasdaq Composite Index jumped 1.2 percent to 15,129.5
Philippines-UAE trade rose 32% in first 5 months of 2021
Total trade between the Philippines and UAE already crossed Dh1.3 billion from January to May 2021Total trade between the Philippines and UAE already crossed Dh1.3 billion from January to May 2021
With more than 190 countries converging in the Expo, the Philippines aims to showcase the very best of its culture, heritage, and technology
Saxo Bank reveals a 200% spike in UAE female investors
Women now make up almost 12 percent of Saxo Bank’s active clients for the marketWomen now make up almost 12 percent of Saxo Bank’s active clients
Increase over the past year aligns with UAE's Women Empowerment Initiatives
OPEC daily basket price stands at $70.75 a barrel
The price of the basket was $70.59 on August 25The price of the basket was $70.59 on August 25
The OPEC Reference Basket of Crudes (ORB) is made up of oil producing countries
Lebanese delegation to seek help from Syria, Jordan, Egypt
The delegation will discuss the possibility of receiving electricity from Jordan and gas from Egypt through Syrian territories.The delegation will include four ministers with different portfolios and some top officials from the Energy Ministry
The date of the visit has reportedly not been set yet, but it is expected to happen very soon
