Saudi consumer spending rose 10% in February 2023: SAMA
Saudi Arabia's consumer spending rose 10 percent to SR97.9 billion ($26.1 billion) in February, up from SR88.6 billion a year…
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UAE ranks 18th globally in FDI confidence index
The UAE is the leading emerging market across the MENA region, as revealed in Kearney’s 2023 Foreign Direct Investment Confidence…
Saudi: Jabal Omar turns to $94mln losses in 2022 results
Jabal Omar Development Company swung to net losses after Zakat and tax worth SAR 352.43 million in 2022, against net…
UAE: Gold prices drop after Opec+ announces surprise oil output cuts
Gold prices slid on Monday morning after a surprise announcement from Opec+ about a cut to oil output sparked inflation…
Saudi Arabia, UAE and allies announce surprise oil production cuts
Opec+ members Saudi Arabia, the UAE, Iraq, Kuwait, Oman and Algeria will implement voluntary oil production cuts exceeding more than…
UAE Central Bank cancels licence of Russia's MTS Bank in Abu Dhabi
The UAE Central Bank has cancelled the licence of Russia's MTS Bank in Abu Dhabi due to the sanctions risks…
National Finance wins ‘Leadership in SME Financing’ Award at Muntada Al Mara
National Finance was honoured with the 'Leadership in SME Financing' award at the Muntada Al Mara event held at Radisson…
UAE based AI-powered full stack commerce and embedded finance firm Sterve forays into Oman
The full stack commerce and embedded finance platform is expanding its territory after witnessing a huge traction in it’s homeland.…
UAE ranks first regionally and third globally in Kearney's emerging markets index
The UAE has been ranked as the top emerging market across the Middle East and North Africa region, and third…
Kuwait bourse closes higher
Kuwait Bourse closed up yesterday. The All Share Index gained 28.07 points to reach 7,050.76 points, an increase of…
QSE index began yesterday's trading in green zone
Qatar Stock Exchange index started its transactions yesterday in the green zone, adding 24.93 points, an increase of 0.24 percent,…
Deloitte appoints executives Akbar Ahmad and Muhammad Bahemia
Big Four firm Deloitte has made two executive-level appointments in the Middle East, installing Akbar Ahmad and Muhammad Bahemia as…