Middle East non-oil economy will continue to surge in 2023: PwC chairman
The growth of the Middle East’s non-oil economy will continue to progress into 2023 as the GCC economies continue to…
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Silicon Valley Bank collapse will have very little effect on Kuwaiti banks – Kuwaiti central bank
The central bank of Kuwait said on Sunday that local banks would suffer very little effect from the collapse of…
Saudi Wealth Fund Starts New Airline Headed by Former Etihad CEO
Saudi Arabia’s wealth fund has named former Etihad Aviation Group boss Tony Douglas chief executive officer of a new national…
Dubai: Over 60% of millionaires prefer to use the emirate as their primary residence
The majority – 66 per cent – of ultra-high net worth individuals (UHNWIs) who have brought property in Dubai use…
Saudi Arabia, Germany sign 7 deals to enhance investment cooperation
Saudi Arabia and Germany have signed seven agreements following a high-level delegation’s three-day visit to Berlin, the Saudi Press Agency…
UAE climate change minister is new board member of country’s largest bank
The UAE’s Minister of Climate Change and Environment has been appointed as the first female board member of the country’s…
Investments in Saudi Arabia’s digital infrastructure hit $25bn in 6 years
Saudi Arabia’s communications and technology market is witnessing rapid growth with SR93 billion ($24.7 billion) worth of investments already pumped…
Price competition ‘erodes’ profitability of UAE insurers
Intense price competition in the UAE insurance market is eroding the profitability of listed insurance firms, global credit rating agency…
Saudi makes visa rule change; opens doors to all GCC residents
Saudi Arabia has announced a major change to the visa application process with regard to the residents of Gulf countries.…
Dubai records over $408mln in realty transactions on Thursday
Dubai real estate market recorded 502 sales transactions worth AED1.2 billion, in addition to 98 mortgage deals of AED388.51 million,…
Qatar's FX reserves, hard currency liquidity rose to $64.56bln in February
Qatar Central Bank's international reserves and foreign currency liquidity rose to 235 billion Qatar riyals ($64.56 billion) in February against…
Zywa and Mastercard Join Forces to Empower Gen Z in the UAE
UAE-based fintech Zywa has entered a new strategic partnership with Mastercard as it looks to enable its Gen Z user…