Saudi leads Gulf markets higher; Egypt retreats
Most Gulf bourses ended higher on Tuesday, with Saudi Arabia outperforming in the region on the back of banking shares,…
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ADIO, ADQ join forces to boost Abu Dhabi's digital economy, startups
The Abu Dhabi Investment Office and ADQ, one of the region’s largest holding companies, will join forces to spur further…
DIFC launches new license starting at $1,500 for startups and entrepreneurs in Dubai
The Dubai International Financial Centre has launched a new Innovation License for startups, entrepreneurs and technology firms which choose to…
Kuwait budget deficit could widen to $46bln in 2020/21 -document
Kuwait expects its budget deficit to widen in its 2020/21 fiscal year to 14 billion dinars ($46 billion), according to…
Dubai authorities clarify protocol for returning residents
Authorities in Dubai have outlined the four steps necessary for residents returning the emirate to comply with. As the…
Apple Maps can now provide turn-by-turn directions in UAE
Smartphone users across the country will now get turn-by-turn directions from Apple Maps while walking or driving, the tech giant…
Sheikh Mohammed reviews UAE's 'New Economy' gameplan
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai reviewed…
Dubai fraudster David Haigh made bankrupt after losing $5m case
David Haigh, a convicted fraudster who led GFH Financial Group's (GFH) bid for an English football team, has declared bankruptcy…
Saudi Arabia's SABIC picks banks for dollar bond – sources
Saudi Basic Industries Corp 2010.SE, the world’s fourth-biggest petrochemicals firm, has picked banks to arrange a U.S. dollar denominated bond…
Islamic banking boosts economies in the Middle East and North Africa
Islamic banking is developing at an impressive pace, so understanding this process is of interest to scientists in the context…
UAE national banks’ assets hit $816bn in H1
Total assets of the 18 listed national banks in the UAE rose to around AED3 trillion ($816 billion) in H1-2020,…
New Faces at Oman’s Central Bank, Ministries as Deficit Swells
Oman replaced its finance minister and central bank chairman, consolidating ministries as it’s headed for one of the biggest budget…