Dubai, UAE— Salik, Dubai toll operator, has listed on Dubai Financial Market under the name of "SALIK", after the offering was oversubscribed by 49 times. It is the third public offering and listing on the DFM in 2022 to date, as part of the accelerated steps to implement Dubai’s strategy...

The CMA has approved an application from Power and Water Utility Co. for Jubail and Yanbu to register and sell 73.09 million shares, or 29.24 percent of equity, on the Saudi Exchange.

Its share will be available in the price range of $24-$27.

The metaverse, Beyond Fantasy, the latest in a series of new reports from the company running under the ‘Blue Shift’ banner, explores the impact of new technologies on business, society and humans.

Signalling a broader economy recovery in the country, four largest banks of the UAE have posted a big surge in net profit to $4.4 billion in the first half of 2022, a 10 percent jump from the 2021 profit of $3.9 billion. According to Moody's, the profits resulted from higher...

Prodded by the IMF to implement reforms, Lebanon's parliament has approved the 2022 budget setting expenditures at $1.2 billion. The crisis-stricken country and the IMF had reached a conditional agreement on a $3 billion loan in April to help the country tackle its economic crisis.

Nearly a month after a South Korean court issued an arrest warrant for Do Kwon, a cryptocurrency founder, Interpol has issued a red notice for Kwon who flew from South Korea to Singapore ahead of the crash in May. South Korean prosecutors had requested Interpol place him on the red...

The Saudi tech firm has set the price at $19 per share.

The company raised $1.017 billion in IPO on the DFM.

The decaying 45-year-old FSO Safer, long used as a floating storage platform and now abandoned off the rebel-held Yemeni port of Hodeida, has not been serviced since Yemen plunged into civil war more than seven years ago.

It won a $40 million contract from Aramco to supply pipes.

The food company will reduce the capital to $42.13 million.

The sports sector has contributed some $2.45 billion to the Dubai economy in 2021, representing 2.3 percent of the emirate's annual gross domestic product. According to the Dubai Sports Council 105,000 jobs will be created in the sector, which will account for 3.8 percent of total employment in Dubai.

Dubai's Roads and Transport Authority (RTA) fetched $10.12 million from the auction of distinctive vehicle number plates at Grand Hyatt Dubai Hotel.

The firm won the shareholders' approval for the merger.

Saudi Arabia has provided $1 million in assistance to the United Nations Alliance of Civilizations (UNAOC) for supporting its work plan, activities and programs.

The US will provide $1.45 billion per year in bilateral foreign assistance to Jordan, from 2023 to 2029.

The drop comes as the exchange rate of the Egyptian pound is seeing a decline in light of the pressures the country is experiencing due to the Ukrainian war repercussions and the decline in foreign reserves at the Central Bank.

Continuing with what it called "unwavering support for the Syrian people, US State Department said that will send $756 million in new humanitarian aid to Syria, where need remains "dire" after more than a decade of war. The funds were in addition to a trance of $808 million announced earlier...

Dubai is looking to raise $817 million in the initial public offering of Salik. It is selling 1.5 billion shares at 2 dirhams ($0.54) apiece, giving the company an implied market capitalization of $4.1 billion. The IPO subscription will run until 20th September 2022 for the UAE retail offering.

The fourth auction, which witnessed the first issuance of five-year T-Bonds saw a strong demand through the six primary bank dealers, with bids received worth AED 8.60b, and an oversubscription by 5.7x.

Saudi Arabia’s Public Investment Fund (PIF), the sovereign wealth fund at the heart of the kingdom’s reform plans to wean the economy off oil, will tap into international debt markets for a debut green bonds issue in a week or so.

The Islamic Development Bank (IsDB) has approved a $1.12 billion financing for development projects in various sectors in nine member countries.

The Saudi firm made $279.4bn in profit in 12 months.

It will cost some $350 billion to rebuild Ukraine from the devastation caused by the Russian invasion, according to a report. The figure, which totals 1.5 times the size of the Ukrainian economy, is considered a minimum and is expected to grow in the coming months as the war rages...

Almost two months before the start of World Cup, Qatar put the $675 million stadium, the venue for the final, through its first sellout test with a match between the Egyptian and Saudi champions. The 80,000 capacity Lusail Iconic Stadium was full for the pre-match concert by Egyptian superstart Amr...

Stock markets and oil prices rallied Friday, with investors largely pricing in more interest rate hikes aimed at taming runaway inflation. The dollar slid one percent versus the pound and euro after recent hefty gains. London's stock market jumped more than 1.5 percent in morning deals, mirroring advances in Paris...

A day after it returned dozens of antiquities to Italy, United States has now returned 16 antiquities worth $16 million to Egypt, including five works that were seized from the Metropolitan Museum of Art. The return of antiquities is part of a probe by authorities in New York into international...

The Abu Dhabi fund will buy it from SoftBank for $2bn.

US has returned dozens of antiquities stolen from Italy and valued at around $19 million, some of which were found in the Metropolitan Museum of Art in New York. Manhattan District Attorney said some 58 pieces represent thousands of years of rich history, "yet traffickers in Italy utilized looter to...

In spite of the Western sanctions, Russia has raked in some $158 billion in energy exports in the six months since the war, with the EU accounting for more than half. Natural gas prices have jumped to record levels in Europe as Russia cut off supplies.

The food delivery platform saw rise in orders on its app in H1.

Faced with a winter without the energy supplies from Russia, Sweden has turned to Nordic and Baltic energy companies promising them liquidity guarantees worth billions of dollars. It is an attempt to prevent a crisis sparked by Europe’s energy crunch, leading Swedish PM to say that it was facing the...

The import of plastic products into Saudi Arabia has shot up 18 percent to 456,000 tons in the second quarter of the current year as against 386,000 tons during the same period of last year.

In spite of monetary policy tightening, Egypt has seen the market capitalization of its stock exchange vault by $2.7 billion in August

ACC won the $115m contract to build a hotel in Madinah.

The growth in total bank deposits was due to the rise in resident deposits by 2.6% and non-resident deposits by 2.0%.

Its collaboration with Malaysia will be in key sectors.

It bought 51% stake in Innovative Care for $57 million.

The Saudi pharma firm intends to use the capital for growth.

The Saudi health provider's revenue slumped to $58.54m.

Some $9.42 billion have been invested in the financial markets by Emirati women during the last eight months of the current year, according to figures shared by the Abu Dhabi Securities Exchange (ADX).

For the first time in more than five years, assets of Saudi Arabia's central bank have shot up to $535 billion, according to data shared by the central bank on its website.

Saudi Arabia harbors more than 33 million palm trees planted in more than 123,000 agricultural properties in 13 administrative regions,

It cut down the loss to $18m from $35.39m posted last year.

The hospital will help tackle chronic disease and reduce mortality rates and also alleviate overcrowding in other hospitals of the region.

Dubai General Index (DFMGI) advanced 0.007 percent to 3,462.890 pts as blue-chip developer Emaar properties continued to hike, closing higher at AED6.100 after drawing $42.47 million in cash flows

The Saudi food company's revenue shot up to $21.33m.

Kingdom Holding Co. posted $1.7 billion profit in H1.

A total of 74 listed companies listed in the Abu Dhabi Securities Exchange (ADX) accounted for 59.8 percent of total assets, valued at $771 billion at the end of June 2022.