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…
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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…
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…
Innovative Startups and SMEs fund invests USD 150,000 in Trteeb
The Innovative Startups and SMEs Fund has announced a direct investment of USD 150,000 in Trteeb, which is a company…
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,…
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…
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…
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…
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…
UAE banks better positioned, thanks to economic recovery, high oil prices
The UAE banks are better positioned amid good recovery in economy and property prices, favourable oil prices and resilient domestic…
UAE Trade Connect launches digital trade platform
Nationwide blockchain platform UAE Trade Connect (UTC) has went live, according to ameinfo.com. The platform invites all UAE banks…
Bahrain cbank in tie-up for digital currency settlement
The Central Bank of Bahrain (CBB) is collaborating with J P Morgan and Bank ABC in a pilot scheme to…