Monday, September 16, 2024
Today's News
Monday, September 16, 2024
Today's News

News

UAE poised to overtake Saudi Arabia as leading real estate market in GCC

Dubai leads the cost as UAE's realty sector gains energy in 2023 "The innovative frame of mind of the UAE's forward-thinking management has aided the country rank 31st globally, and also first regionally, in the Worldwide Technology Index. A readiness to push the limits of…
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UAE Central Bank announces launch of ‘The Digital Dirham’ strategy

The UAE digital currency is a safe form of electronic cash issued and also assured by the reserve bank The Central Bank of the UAE (CBUAE) will be executing its Central Bank Digital Currency (CBDC) method titled 'The Digital Dirham'. In a joint finalizing ceremony…
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SAMA and GCC banks follow Fed’s 25 bps interest rate hike

Yearly rising cost of living rate in Saudi Arabia eased to 3 percent in February, official data shows RIYADH: The Saudi Central Bank has increased its interest rate by 25 basis points to 5.5 percent, echoing Wednesday's action by the US Federal Get to curb…
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Saudi real estate rental deals up 81% to reach $20.2bn

Saudi Arabia's domestic and industrial lease offers practically increased in worth in 2014 to get to SR76 billion ($ 20.2 billion) contrasted to SR41.9 billion in 2021. According to data by the Real Estate General Authority Ejar, the overall worth of commercial lease purchases totaled…
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World Bank and Egypt agree on $7bn framework

Contract will be implemented by the Washington-based lender, the International Financing Firm as well as the Multilateral Financial Investment Assurance Firm The World Financial institution's board has approved a brand-new Country Partnership Structure for Egypt that supplies the nation with $7 billion in funds over…
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Israeli, Bahraini business leaders write history as they look to the future in Manama

The unspoken inquiry in the air at the Connect2Innovate meeting was whether Saudi Arabia will be the next Arab state to stabilize connections with Israel. Because the signing of the Abraham Accords in 2020, the governments of Israel and Bahrain have continued to improve that…
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Oman-Iran Business Council reviews mechanisms of boosting trade exchange

The Oman-Iran Joint Company Council (Omani side) on Wednesday held its first conference for 2023 under the chairmanship of Mohammed Abdul Hussein Baqer, head of the Omani side in the council. The conference, held at Oman Chamber of Commerce as well as Industry's (OCCI) head…
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SABB named market leader in trade finance in Saudi Arabia by Euromoney

The Saudi British Bank has actually been identified by Euromoney as the "Best Trade Money Company" and also "Market Leader" in Saudi Arabia for 2023. This is the seventh succeeding year that SABB has actually been granted as the marketplace leader, extensively recognizing SABB as…
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Saudi, UAE investors plan to invest in SpaceX – The Information

An unit of Saudi Arabia's mutual fund as well as an Abu Dhabi-based business are preparing to buy a multi-billion dollar financing round for Elon Musk-led SpaceX, The Information reported on Wednesday, citing people accustomed to the conversations. The funding round is anticipated to value…
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Advanced Global Ranking Awarded to Mina Abdullah and Ahmadi Refineries

Mina Abdullah and Ahmadi Refineries have actually obtained an innovative worldwide position of danger design top quality, the Kuwait National Petroleum Company (KNPO) claimed Wednesday. This can be found in line with the study made by 'Marsh' company, a world leading insurance broker and danger…
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