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ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

  • Card transactions drive 8 percent Saudi spending growth in Nov

    Riyadh, Saudi Arabia --Consumer spending in Saudi Arabia grew by 8 percent to SAR 111.5 billion ($29.73 billion) in November 2023 from nearly SAR 103.3 billion during the same month a year earlier, according to the Saudi Central Bank's (SAMA) monthly bulletin.Consumer spending includes total cash withdrawals, point-of-sale (POS) transactions,...

  • Saudi consumer spending up 4 percent in October: SAMA

    Riyadh, Saudi Arabia -- Consumer spending in Saudi Arabia increased 4 percent to SAR 110 billion ($29.32 billion) in October, from nearly SAR 105.3 billion during the same month last year, according to the Saudi Central Bank's (SAMA) monthly bulletin. Consumer spending includes total cash withdrawals, point-of-sale (POS) transactions and e-commerce...

  • Egypt’s central bank cancels maximum cash deposit limit in banks

    During the COVID-19 crisis, the bank set a maximum limit of cash deposits as part of measures to face its global economic impact.

  • Unified financial network set to boost Gulf economies

    GCC countries are accelerating economic integration by activating the financial links between companies, banks, and stores to make life smoother for citizens and residents.

  • Eazy, Discover partner to expand card acceptance

    Discover and Diners Club International and network alliance cardholders can use cards at all ATMs in Bahrain Eazy Financial's upcoming First National cards customers can access Discover Global Network A recent tie-up between Eazy Financial Services and Discover is expected to enable Discover and Diners Club International and network alliance...