Bitcoin surpasses $47,000, first time since March 30, 2022
Abu Dhabi, UAE - Bitcoin surged above $47,000 on January 9, marking its highest value since March 30, 2022, as...Business Economy
Saudi Exchange launches TASI50 Index tracking top 50 companies by market capitalization
Riyadh, Saudi Arabia – The Saudi Exchange has announced the launch of the TASI50 Index, which tracks the top 50 companies...Economy
Muscat plans light rail metro network
The network, which will link the cities of Ruwi and Muttrah to the airport and Seeb, is part of the...
India, UAE agree on extending energy relations
India's new Minister for Petroleum and Natural Gas, Hardeep Singh Puri, makes courtesy calls to his counterparts in major oil...
Sharjah survey to measure sector-wise growth in emirate
Department of Statistics and Community Development said the impact of government policies on the economy is reflected in the survey...
Saudi tourism fund adopts cloud computing to help investors
Tourism Development Fund, which was set up in June, says use of Oracle Cloud applications will enhance data integration, increase...
Rich-poor gap widening due to unequal vaccine access: IMF
Advanced nations have vaccinated nearly 40 percent of the population, compared to barely 11 percent in emerging markets and a...Saudi ICT infrastructure market set for 9% growth by 2030
The country’s ICT infrastructure market value stood at $1.54 billion in 2020, and is being fueled by several factors.Saudi Arabia dairy market to grow at 5.66% CAGR
Valued at $5.72 billion in 2020, the market is expected to expand to $7.94 billion by 2026, said market intelligence...
Kuwait to lend Egypt more than $18 million to build two desalination plants
The two plants will be built in the new cities of Rafah and Bir al Abed in North Sinai.Israel, Bahrain gear up for economic cooperation agreement
The agreement, after it comes into effect, is expected to lead to the establishment of a joint economic committee to...
UN commission pays $600 million to Kuwait oil firm for Iraq invasion losses
The UN Compensation Commission is to pay another $1.1 billion to the Kuwait Petroleum Company as compensation.
