The Saudi Capital Market Authority (CMA) intends to double the $213 billion funds under its management.

He was appointed acting CEO of the group in April

DUBAI: Kuwait’s population decreased by 0.9 percent in the first six months of this year to 4.62 million, as expatriate numbers continued to decline, a report said. More than 56,000 expats left the country in the first half of this year, pushing the total departures to about 190,000 since the...

Saudi Arabia and Greece have decided to set up a business council in order to enhance bilateral trade and investment between the two countries.

As a result of fewer travel restrictions following vaccination and a decline in Covid-19 cases, Dubai has experienced a turnaround in employment and a revival in business. Businesses in Dubai’s travel and tourism industry in August saw the sharpest increases in activity and new work in over two years, according...

The Road and Transport Authority has charted out technical event management plans and developed a structure for the mobility of Expo visitors using various transit means from the metro and bus stations inside and outside the emirate in addition to taxis deployed at the site.

Ecommerce in the world in general and the GCC region in particular has proliferated despite the Covid-19 pandemic, or probably because of it.

Molnupiravir is the top drug being developed by Merck & Co. and Ridgeback Biotherapeutics.

Matsa is a JV subsidiary of Mubadala and Trafigura.

The bank has effectively sounded the death knell for digital currencies in China.

The Wall Street Journal, the top American newspaper, has reported that Chinese authorities are asking local governments to prepare for the potential downfall of debt-ridden China Evergrande Group.

Saudi Arabia aims to be one of the top 10 countries in the world in data and artificial intelligence, and in this direction the kingdom is has put 25,000 data and AI specialists through training.

This came after the funding was controversially stripped from a separate bill following a revolt from the left flank of the Democrats. However, the vote was near-unanimous this time, with the funding approved by a 420-9 majority vote.

Both countries signed an MoU to strengthen cooperation in areas of digital economy, innovation, and entrepreneurship.

Twitter chief executive has endorsed digital currency

It is predicted that the Hyperloop technology will carry between 45 and 50 million passengers yearly in the Gulf Arab states using clean and renewable energy.

Most stock markets in the Gulf rose on Thursday as oil prices gained on growing fuel demand and a bigger-than-expected draw in U.S. crude inventories, although the Abu Dhabi index bucked the trend to trade lower.

Abu Dhabi’s sovereign investor Mubadala Investment Company and global commodities trader Trafigura Group will sell the Minas De Aguas Teñidas (MATSA) mining complex in Spain.

The workshop was reportedly aimed at highlighting Oman’s participation in Expo 2020 Dubai through the encapsulation of the country’s civilization throughout history. It also saw Oman highlighting the steps it had taken to boost tourism.

BitOasis offers over 15 digital assets to trade against the dirham.

The two sides also discussed facilitating new growth partnerships between the public and private sector.

PricewaterhouseCoopers (PwC) Middle East intends to build its largest headquarters in Riyadh, and hire more than 6,000 staff across the region during the next five years.

The program will focus on sectors such as manufacturing, healthcare, infrastructure, food security, and technology.

The two countries also reviewed bilateral partnership and cooperation in confronting the Covid-19 pandemic.

DUBAI: Innovative initiatives and partnerships along with a series of regulatory reforms have placed the financial markets industry in Dubai at the frontier of global financial centers, an analysis says. Summarized in the Policy Briefs Series of Dubai Competitiveness Office, the analysis of the financial markets in the emirate cited...

The move aims to further enhance bilateral investment relations by making use of the opportunities offered by Saudi Vision 2030.

Moody’s, the bond credit rating firm, has upgraded the Baseline Credit Assessment (BCA) of Saudi Arabia’s stc, saying it has maintained “very strong financial metrics.

DUBAI: An incubator to support Small and Medium Enterprises in Oman will be established by Oman’s Authority for Small and Medium Enterprises Development (Asmed) in collaboration with Oman Drydock Company. The incubator will be specialized in the logistics sector, supply chains, and services affiliated with the Public Authority for Special...

The deals consisted of 266 real estate sales transactions worth AED849.88 million.

From 2018 to 2022, the private-sector healthcare spending is forecast to increase at a cumulative annual growth rate (CAGR) of 9.5 percent

The deal with an unnamed developer was valued at $114m.

These are the latest numbers from the 18th edition of Mo’asher, which is Dubai’s official sales price index.

DUBAI: Abu Dhabi's department of health (DoH) will be using drones for the transport of high-value medical goods such as Covid-19 vaccines, blood, and lab samples. The DoH will be using the drone network of Matternet, a US-based company providing on-demand delivery platforms, in collaboration with the logistics company Skygo....

DUBAI: As many as 23 factories that will manufacture solar panels and systems will be set up across Saudi Arabia, according to Saudi Authority for Industrial Cities and Technology Zones (Modon). The plants will be established in 12 industrial cities, including Riyadh, Sudair, Al-Kharj, Dammam, Jeddah, Al-Madinah and Al-Baha as...

Adnoc Drilling will list on the ADX on or around October 3.

The workshop discussed the most prominent ways to expand the current investments in line with Saudi Vision 2030.

The company is under pressure to guard against being misinformation platform

Tucked in an alleyway of the Grand Bazaar, Kazem Mabhutian’s 1.5-square-metre chaikhaneh (tea house) is invisible from the main street.

The oil ministry earlier this month raised the price of fuel sold to cement manufacturers from 150 dinars per litre (around 10 cents) to 250, following on from a previous hike earlier in the year.

The new company, Mrs Bectors Food International, was incorporated on September 14.

Expo 2020 Dubai is the first world expo in the Middle East, Africa, and South Asia region.

The listing and trading of shares of Natural Gas Distribution on Nomu will start on September 22, as a direct listing, according to a bourse filing.

The United Arab Emirates will become a major player in emerging blue hydrogen market, according to the CEO of the Emirates’ largest oil company.

Kuwait is looking to revitalize its tourism industry, and in this regard Kuwait Touristic Enterprises plans to increase its capital to $996 million.

Gas will be sourced from SNOC's own resources and ADNOC imports.

Saudi Arabia will invest $6.4bn in waste recycling over the next fifteen years in order to move to a more sustainable waste management system.

The scheme allows them to manage properties from outside the country through law firms or realtors.

In order to cater to growing demand for charter planes, RoyalJet, the wholly owned subsidiary of the Abu Dhabi-owned RoyalJet Group, has expanded its presence in the UAE by adding Dubai as its new operating base.

The flights will operate on Wednesday, Friday and Sunday

Investing in agricultural technologies can take the UAE closer to its goal of being one of the top 10 countries for food security soon