SAMA reduces minimum paid-up capital for finance firms supporting SMEs
The Saudi Central bank, also referred to as SAMA, has announced adding a subtitle to an existing law, which reduces…
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Saudi management consultancy TAM eyes IPO
Saudi Arabia-based management consultancy TAM Development Co. is planning an IPO later this year, according to a Bloomberg report. …
UAE-Israel trade more than doubles in 2022
Bilateral trade between the UAE and Israel more than doubled last year with the Emirates becoming among the top 20…
Citi is bullish on SABIC, UAE's Empower
Citi has upgraded Saudi petrochemicals company SABIC to 'Buy' and raised its target price by 14% to 114 riyals ($30.4).…
EIB provides Egypt's private sector with $515M in 2022
The European Investment Bank directed €515 million to the private sector in 2022, according to the Minister of International Cooperation,…
Will UAE businesses raise salaries by 4.4% in 2023 to retain talent and cope with inflation costs?
Businesses in the UAE could come up with a 4.4 per cent salary hike this year, a marginal hike on…
Middle East economies set to grow despite global geopolitical and economic challenges
Knock-on effects of inflation, the energy crisis and the geopolitical situation have intensified global economic headwinds but economies in the…
UAE fuel retailer ADNOC Distribution commits to decarbonizing operations 25% by 2030
The UAE fuel station operator ADNOC Distribution has set a target – reduce its carbon intensity 25 per cent by…
Sharjah’s real estate transactions top $6.5bn in 2022
Sharjah recorded real estate transactions worth over Dhs24bn ($6.53bn) during 2022, the emirate’s real estate registration department has said. …
Mena region has immense potential to generate renewable energy
The energy transition is the biggest investment programme since the Industrial Revolution. Humankind is facing a huge challenge in our…
UAE to set up first food-grade plastic recycling facility
Plans have been announced to set up a new plastic recycling facility in the UAE. The 12,000 tonnes per…
How is wealth management faring across the GCC?
What are the key emerging trends in wealth management across the GCC? Wealth management in the GCC is undergoing…