Over the past decade, the UAE has become a global hub for innovation and entrepreneurship, attracting significant interest from international...
ABU DHABI, UAE - Oil prices could rise to $100 per barrel and gold prices could reach $3,000 per ounce...
The S&P 500 and Nasdaq advanced after posting records at the close of trading FridayThe S&P 500 and Nasdaq advanced after posting records at the close of trading Friday
The broad-based S&P 500 was up 0.2 percent at 4,518.34 and the tech-rich Nasdaq Composite Index climbed 0.4 percent to 15,186.63
The sectors in the country that attracted the most foreign investment were banking, basic items, energy, and communications.Saudi Arabia was granted membership of the World Trade Organization in 2005
This is opened up the country to ever-increasing investments from foreign parties
The decision came from the country’s Constitutional Council, which is tasked with finalizing parliament legislation.Iran’s new President Ebrahim Raisi has already promised to build 4 million houses until the end of his term in 2025
The government is expected to provide 60 percent of the funds needed to build a housing unit
Saudi Central Bank’s (SAMA) net foreign assets suffered a $4.4 billion drop in July, SAMA data showed on Sunday.Investments in foreign securities edge higher
A country’s net foreign assets are a vital indicator of its economic health and a measure of its ability to support its currency’s peg to the dollar..
Saudi non-oil exports recorded a 40 percent jump, the highest-ever monthly level, in June 2021, touching $6.2 billion.Exports in June went up by 40 percent from a year ago
According to the Saudi Export Development Authority (Saudi Exports) the number in June includes exports of products worth SR21 billion
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.
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
- 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
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.
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
