‘The worst is behind us’: Saudi Aramco CEO
The oil industry is recovering from the impact of the coronavirus pandemic and “the worst is behind us,” Saudi Aramco’s…
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Jordan inks USD314.63m credit with European Investment Bank
Jordan inked a framework credit of 260 million euros (USD314.63 million) with the European Investment Bank (EIB) on Wednesday, December…
Emirates Payment Services launches payment and credit app Empay in Dubai
The Emirates Payment Services has announced the launch in Dubai of Empay, a contactless instant credit and payment service. …
Turkish inflation hits 14% as monetary policy pressure mounts
Turkey’s annual inflation surged to 14.03% in November as the lira weakened, its highest since August 2019 and well above…
Cooperation between Egypt and Tanzania
For decades, successive governments in Ethiopia have dragged Egypt through the mud, saying they wanted “exclusive” rights over the River…
Saudi Arabia and UAE Declare Central Bank Digital Currency Pilot a Success
The Saudi Central Bank and the Central Bank of the United Arab Emirates say a dual Saudi and UAE central…
Foreign investors free to sit on Saudi business chamber boards
Foreign investors are to be allowed to sit as directors on the boards of Saudi chambers of commerce for the…
Saudi private sector rebounds with growth at 10-month high
Business activity in Saudi Arabia has risen to its highest level since January this year, showing the Kingdom’s economy is…
Saudi PIF seeks investment flexibility with $5 billion-plus loan
The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, is in talks with bankers to raise a loan of between…
UAE expands 10-year residency golden visa eligibility
The new categories now include: PhD holders, doctors, engineers in the fields of computer engineering, electronics, programming, electricity and biotechnology…
Codebase unveils Digibanc SaaS to fast track digital banking adoption
Dubai-based Codebase Technologies, a digital banking solutions provider, announced today the launch of its Digital Banking as a Service platform…
Why Do Saudi Arabia and UAE Want a Common Digital Currency?
Such an experiment with the creation of a single digital currency between states would be the first in the world.…