Thiqah has announced its intention to expand its operations to Egypt.
Thiqah, a leading provider of business services in Saudi Arabia, recently announced their decision to expand into Egypt.
In January’s close, Islamic banks in the UAE held assets valued at $169 billion.
The latest report from the Central Bank of the UAE highlights the growing importance of Islamic finance in the region, with total customer deposits held by Islamic banks increasing by 5.7% to reach $128 billion and an array of innovative products and services being developed to cater to a diverse range of customers.
According to data from STR, hotel construction activity in the Middle East is predominantly led by Saudi Arabia.
STR data reveals that Saudi Arabia is investing heavily in its tourism industry, positioning itself as a leader in hotel construction and development in the Middle East.
The surge in e-commerce during Ramadan has given a boost to Saudi Arabia’s entrepreneurial ecosystem.
The COVID-19 pandemic has accelerated the growth of e-commerce activity in Saudi Arabia during Ramadan, with online sales increasing by a whopping 83% compared to the previous year.
Chile’s proposal for state control over lithium disappoints the business sector.
The Chilean government has recently proposed state control over the strategic mineral, lithium, sparking concerns among the business community.
Kuwaiti crude oil was traded at a price of US$83.03 per barrel.
Kuwait is the fourth-largest producer of crude oil in the world, and its price movements have a direct effect on global oil markets. Kuwaiti crude oil
IFAD will assist in making businesses work for farms in developing nations.
IFAD’s new initiative is focused on helping businesses that rely on agriculture to better serve the needs of smallholder farmers.
Last week, ADX and DFM contributed to 20 percent of Arab exchanges’ liquidity.
The Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) contributed significantly to the total liquidity of Arab stock exchanges last week, contributing AED 6.26 billion (USD 1.7 billion) and AED 3.92 billion (USD 1.1 billion) respectively – making up 20 percent of the total liquidity
Private jet operators in the UAE offer all-inclusive packages to the Maldives and Seychelles for Eid travel.
Private jet operators in the UAE are offering all-inclusive packages to the Maldives and Seychelles, two of the most popular destinations in the region.
Wizz Air Abu Dhabi plans to recruit more than 300 pilots and cabin crew in 2023.
Wizz Air Abu Dhabi is looking to bolster its workforce and expand its operations in the UAE and beyond.