Saudi sovereign fund in talks for extension on $15bln loan: sources
Saudi Arabia's sovereign wealth fund is in talks with banks to exercise an extension option on a $15 billion revolving…
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Saudi SABIC Q4 net profit rises to $1.32bln on higher prices, sales
Petrochemicals giant Saudi Basic Industries Corporation (SABIC) on Thursday said it made 4.93 billion riyals ($1.32 billion) in net profit…
UAE's Etisalat appoints new CEO to manage international business
Emirates Telecommunications Group Company (Etisalat Group) announced on Thursday the appointment of its new CEO-International who will take charge of…
Saudi National Bank reports 11% rise in 2021 income amid continued economic recovery
Saudi National Bank, the kingdom’s biggest lender by assets, reported an 11 per cent increase in 2021 profit as operating…
Business activity in Arab world's largest economies continued to improve in January
Business activity in the non-oil private sector economies of Saudi Arabia and the UAE continued to expand in January, although…
At Arab Health 2022, a peek at how futuristic tech is changing the face of modern healthcare
With escalating advancement in digital healthcare technologies such as VR/AR, 3D printing, artificial intelligence and robotics, it has become mandatory…
Middle Eastern countries look to China for infrastructure funding, new technology
China is expanding its presence in the Middle East by building out critical infrastructure in the region and securing deals…
Middle-East smart mobility investments a lesson for Africa
When you fly into any of Hamad International Airport, Doha, King Khalid International Airport, Riyadh, or Dubai International Airport, Dubai,…
Saudi Arabia is set to continue championing fintech VC investments, companies say
Saudi Arabia’s move to encourage financial intermediaries to invest in the private sector is expected to boost the Kingdom’s fintech…
Dubai Investments firm net profit grew by 78% to $168m
Dubai Investments, a diversified investment firm, has reported a significant increase in profits for 2021, buoyed by strong business performance.…
Saudi Arabia to develop cooperation in digital economy with Bahrain, Finland
Saudi Arabia's Minister of Communications and Information Technology Abdullah Al-Swaha on Tuesday held talks with Kamal Ahmed, the Bahraini minister…
RAKBANK profit rises to $206mln in 2021
RAKBANK’s profits were up by 50 percent in 2021, increasing to AED 758.3 million ($206 million) from AED 505.4 million…