Dubai’s Virtual Assets Regulatory Authority (VARA) will enter into the Metaverse with the establishment of its Metaverse HQ in the dynamic virtual world of ‘The Sandbox’.

Asian and European markets fell in holiday-thinned trade Monday following another tech-led rout on Wall Street, with focus on the Federal Reserve's expected interest rate hike this week. All eyes are on the US central bank's policy meeting this week, which is expected to see it hike borrowing costs by...

The UAE has reaffirmed its support for workers' rights on the Workers' International Day. Dr. Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, has hailed the UAE leadership's unwavering support for the labour market by endorsing legislation conducive to enhancing the elasticity, resilience and sustainability of the labour market...

A rising number of tech-savvy millennials, 60 percent of whom shop online, is one of the most important factors responsible for the rising ecommerce sales.

Dubai Financial Market (DFM) announced today that HSBC has become the first international General Clearing Member (GCM) to join the market, enabling the bank to provide clearing and settlement services to its customers worldwide and to other DFM trading members. The introduction of GCM service on DFM by HSBC is...

Even for the richest person on the planet, buying Twitter was always going to be a challenge –- a highly complex financial transaction now made even trickier by a defensive "poison pill" move from the platform's board. Musk's $43 billion offer lays out the myriad potential pitfalls: possible government approvals,...

The Saudidates platform is expected to help the center promote digital transformation and digitize markets and the entire sectors.

The unemployment rate among Saudi citizens reduced to 11 percent in the fourth quarter of 2021. The General Authority for Statistics (GASTAT) released the "Labor Market Statistics Q4, 2021, on its official website which revealed this data. The unemployment rate fell by 0.3 percentage points (pp) from Q3/2021, and lower...

The firm made a strong debut on the Saudi stock exchange on Mar 22.

Private equity and capital growth in Saudi Arabia has reached SR12 billion ($3.2 billion), Mohammad Al-Quwaiz, chairman of the board of the Capital Market Authority said. He noted that the growth has doubled in the last five years. Al-Quwaiz was speaking at the Global Entrepreneurship Congress 2022 in Riyadh. He...

Pablo Martinez, Managing Director and Senior Partner at the Boston Consulting Group, sheds light on what lies ahead for the sector in the kingdom.

Vietnam has signed economic, trade and scientific-technological cooperation agreements with five GCC countries.

Art auctions saw a record year in 2021 with $17.1 billion (15.6 billion euros) in sales as the market continued its rapid growth in Asia and recovered from its coronavirus slump, experts Artprice said Monday. The figure marked a 60-percent increase on 2020, when sales were hit by the initial...

The World Bank has reported that Bahrain’s score improved to 73 percent in women’s economic participation and gender equality from 2018 to 2022. The report was compiled by World Bank Group’s Women, Business and the Law 2022. This report examines laws and regulations that restrict women’s economic inclusion in 190...

This regulation reportedly aims to improve the manner of the reporting of violations of the Capital Market Law and its implementing regulations.

As regional bourses aim to compete with developed markets, questions are also being raised over the state of reforms, the future of regulation in the region.

Aramco is inching closer to dislodging Apple as the world's most valuable company when the former's shares rose up, taking the market value of the Saudi company to $2.24 trillion. The market capitalization of Apple stands at $2.6 trillion.

The new trading office of PTT, Thailand’s largest corporation and the only Thai company listed in Fortune Global 500, was opened in Abu Dhabi Global Market on Thursday. The PTT Chairman, CEO and Board of Directors travelled to Abu Dhabi to mark the milestone, alongside representatives from ADNOC, IFAD and...

Aluminum has beaten the previous peak in price hike of $3,380.15, reached in July 2008.

Qatar Development Bank (QDB) will support Qatari entrepreneurs and innovators, small and medium-sized companies, to help diversify the country's economy.

The Ministry urged all consumers to report any violations by communicating with the Consumer Protection and Anti-fraud Department.

UAE reached the top spot globally as a rough diamond hub, trading over $22.8 billion worth of rough diamonds in 2021. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, announced this at the Dubai Diamond Conference, local media reported. The conference was held at Dubai Multi Commodities Center...

C3 is a UAE-based social enterprise empowering impact-driven entrepreneurs across the Middle East, Africa and Turkey.

For the second time this year, the Saudi government will issue riyal-denominated sukuk for the year, seeking to take advantage of huge interest in the bonds.

Compared to Europe and US, cyber insurance is a profitable proposition for GCC firms due to amenable market factors such as low litigation environment.

Egypt’s Ministry of Transport will sign a contract with Siemens to implement the second high-speed train line in the country. Media reports said the new line will extend from October 6 city to Aswan, with a length of 925 kilometers (575 miles approx.) The ministry has finalized negotiations with the...

The real estate housing price rose in Kuwait last year, where investors focused on Kuwaitis' residential areas dealing in uninhabited plots of land, capitalizing on government subsidies and transforming residential units into rental houses. In 2022, the housing rates may drop by five percent if interest rates are increased on...

Top bosses of Google and Facebook were directly involved in approving an allegedly illegal 2018 deal to cement their dominance of the online advertising market, US court documents revealed Friday.

The management of Autoville has officially started selling tickets for the events of this International festival through its official website.

The Sony Mobility subsidiary will be created in spring 2022.

The Abu Dhabi School of Government (ADSG) and Abu Dhabi Global Market Academy (ADGM Academy) have launched the ‘Investment Foundations' program, which seeks to equip Abu Dhabi government employees with knowledge and skills related to finance, ethics, and investment practices. Targeting Abu Dhabi government employees working in the financial sector,...

The World Trade Center will deliver and oversee a new world-class regulatory framework of Virtual Asset legislative and enforcement policies.

Gamers on Yas Bay will be joined by those taking part in Monterrey, Mexico at Parque Fundidora and Kaohsiung, Taiwan at the Taiwan Lantern Festival.

Russian representatives from three provinces met with commissioner general of the Jordan Pavilion at Expo 2020 Dubai.

Iraq's oil Minister Ihsan Abdul-Jabbar has said that Iraq has worked on a vision that emphasizes the importance of finding a balance in the energy market, ahead of the new OPEC + meeting next month to study market conditions. "Iraq is a major member of OPEC and we have repeatedly...

Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday.

Firms linked to travel were among the worst affected as investors fretted over the possibility of more government-mandated restrictions.

This was the first meeting of ADGM’s new Board of Directors.

The Central Bank of the UAE (CBUAE) will publish a new index for actual overnight funding transactions denominated in UAE Dirham from 7 Dec. 2021, as part of the new Dirham Monetary Framework implementation plan. Named DONIA (Dirham Overnight Index Average), the index is the effective overnight reference rate for...

Tunisia has witnessed an investment of 713.4 million dinars ($252 million) in service activities during the first nine months of 2021, nearly the same level as in 2020. According to data recently published by the Agency for the Promotion of Industry and Innovation (APII), these investments will be mobilized under...

Europe's reference Dutch TTF gas price hit 162.12 euros per megawatt hour and UK prices leapt to 407.82 pence per therm in morning deals.

The market value of Aramco has exceeded $2 trillion after its shares vaulted to their highest level since the start of 2020.

Last few years have seen a lot of tension between governments and central banks around the world, on the one hand, and investors in digital currencies, on the other, as the conflict escalated after cryptocurrencies hit record highs, especially with the rise of the Bitcoin.

Saudi males found securing jobs was easier than women in the kingdom in the second quarter of 2021, lowering unemployment rate to 11.3 percent.

DUBAI: Iraq's Kurdistan is a gateway for Turkish firms to explore the wider Iraqi market, President Nechirvan Barzani said as he sought to lure Turkish investors on Sunday by promising them business opportunities in the semi-autonomous region. Given the size of the Iraqi market, Turkish firms have many investment opportunities...

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.

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

Huawei, the Chinese tech giant, will invest $15 million across the Middle East during the next three years in order to widen its cloud services market in the region.

Days after securing a $125 million Series B funding from SoftBank, the Saudi startup, Unifonic, says that it wants to be profitable first before listing on a stock market.

Aramco has bagged a one-year contract from Guyana to market the crude oil produced in the South American country.