In the post-digital world, Bahrain’s center of activity, the city of Manama, has stiff yet healthy competition from the GCC...
- The company, launched in May, is bankrolled by Saudi's powerful Public Investment Fund, which has played a key role in...
Stock markets diverged as traders awaited earnings from US tech darling Nvidia, in addition to minutes from the Federal Reserve...In the eurozone, the Frankfurt and Paris stock markets edged higher in afternoon deals.
Hong Kong and Shanghai bourses jumped after Beijing's latest measures to boost China's stuttering economy.
DUBAI, UAE – President and CEO of Dubai Chambers Mohammad Ali Rashed Lootah has revealed that 6,478 new Food and...The total number of F&B companies registered with Dubai Chamber of Commerce stood at 22,585 at the end of 2023.
Dubai Chamber of Commerce launched 11 business groups dedicated to the industry, eight of which were set up in 2023.
ABU DHABI, UAE - Oil prices could rise to $100 per barrel and gold prices could reach $3,000 per ounce...Analysts say gold is currently trading at $2,016 and could surge by about 50 percent if central banks dramatically increase purchases.
Another factor that could drive gold prices is the global economy's deep recession, which could prompt the Federal Reserve to cut rates rapidly.
RIYADH, SAUDI ARABIA - Saudi National Bank (SNB) commenced the US dollar-denominated senior unsecured sukuk issuance through a special-purpose vehicle. The sukuk are offered to qualified...The sukuk are offered to qualified investors inside and outside Saudi Arabia.
The amount and sukuk’s terms of offer will be subject to market conditions.
Shenzen, China--The total number of high-tech enterprises in south China's Guangdong Province has exceeded 75,000, local authorities have said. By...The province's estimated annual research and development (R&D) expenditure topped about $64.8 billion by the end of 2023
The region has seen its gross domestic product surpass $1.80 trillion in 2023, topping the country for 35 consecutive years
“This economy merges national skills and technological solutions, creating an advanced model that contributes to achieving the goals of the...The UAE is aiming to significantly boost the digital economy's contribution to the non-oil GDP over the next decade.
Efforts are being ramped up to accelerate the adoption of digital solutions across various sectors in the Gulf country.
Gross profit for 2023 rose 1.1 percent compared to 2022.The growth was mainly attributed to the increase in commercial unit revenues by 5.1 percent
It was also due to rise in carriers and wholesale unit revenues by 1.4 percent in stc KSA,.
- FUZHOU, CHINA - Construction of the main complex of a joint-investment ethylene project, which involves petrochemicals giant Saudi Basic Industries...
The project is being built in the Gulei petrochemicals base in Zhangzhou city, in eastern China’s Fujian Province.
The project entails a total investment of $6.3 billion from SABIC and Fujian Energy Petrochemical Group Co. Ltd.
TEHRAN, IRAN - The Statistical Office of the European Union (Eurostat) reported that Iran and the 27 European Union member...Trade between Iran and member states of the EU recorded a decrease of 9 percent from January to December 2023.
During that period, the exchange of products between Iran and the EU member states was valued at US$5 billion.
- SHARJAH, UAE - The Financial, Economic and Industrial Affairs Committee of Sharjah Consultative Council (SCC) held a meeting to discuss...
The committee addressed the outcomes of its recent visit to Sharjah Commerce and Tourism Development Authority.
The committee was briefed about the authority’s efforts to stimulate tourism by conducting events throughout the year.
