Amlak Finance back in black with Dh6m Q1 net profit
Islamic real estate financier Amlak Finance reported a net profit of Dh6 million for Q1 2021, compared to Dh139 million…
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Qatar’s fiscal balance to scale up to 3% of GDP in 2025 from 1.4% this year: FocusEconomics
Qatar’s fiscal balance will scale up to 3% of the GDP in 2025 from 1.4% this year, FocusEconomics has said…
Survey shows Saudi entrepreneurs ‘most optimistic in the world’
Saudi entrepreneurs are among the most optimistic in the world, a new survey shows, with an overwhelming majority believing the…
Artificial Intelligence enhances companies’ operational agility
Artificial Intelligence is witnessing rapid growth in Qatar and most of the ministries and other organisations are planning to expand…
Infrastructure companies show strong signs of recovery – Kuwait's Agility CEO
Kuwait-based Agility’s CEO Tarek Sultan said his infrastructure companies have shown strong signs of recovery from the effects of the…
UAE FDI inflow climbs over 44% to $19.88bn in 2020
FDI inflows to the UAE grew 44.2 per cent in 2020 to $19.88bn compared to 2019, according to a report…
Reduction in Q1 Saudi budget deficit due to capex cut – analysts
Saudi Arabia last week reduced its budget deficit to 7.4 billion riyals ($1.97 billion) for the first quarter of the…
Top list: 7 mega projects in Dubai, Abu Dhabi to watch out for
The UAE is already home to some of the world’s most iconic landmarks, from the tallest tower, to the biggest…
Bahrain-origin exports surge 59% to $778mln in April
The value of Bahrain’s exports of national origin increased by 59% to BD295 million ($778million) during April 2021, compared to…
Israel's Bank Hapoalim first quarter profit jumps on reversal of loan loss provision
Bank Hapoalim, Israel's largest lender, reported a higher than expected jump in quarterly profit, boosted by a reversal of provisions…
World Bank: Saudi Arabia among biggest sources of remittances in 2020
Saudi Arabia was the third largest source of remittances globally in 2020, just behind the UAE and the US, according…
Turkey begins digital currency transactions over $1200
Digital currency exchanges in Turkey are now required to report transactions of over 10,000 lira (approximately $1,200) to the government,…