The United Arab Emirates and Saudi Arabia are set to lead the region’s growth in AI spending, with the highest rate in the world
The UAE and Saudi Arabia are set to lead the Middle East’s growth in AI spending, with the highest rate in the world.
Over 30,000 enterprises received financing of $770 million from the Social Development Bank in the first quarter.
Through its policy advocacy efforts, the Social Development Bank has been able to ensure that SMEs are treated fairly and are provided with the same opportunities as larger businesses.
The issuance of additional Tier 1 capital instruments by UAB has been successfully completed.
In addition, the successful issuance of these instruments will provide UAB with financial resources to increase its lending capacity, which can help spur economic activity in the UAE.
The heads of the World Bank and the IMF are set to meet to discuss the complicated challenges confronting the global economy.
The meeting of the heads of the World Bank and IMF is an important opportunity to explore potential solutions to these problems.
In Q1 2023, Tunisia’s tourism receipts increased by 64%, generating over 1 billion dinar.
Tunisia’s tourism industry has seen a significant boost in the first quarter of 2023, with tourism receipts increasing by 64% and generating over 1 billion dinar. This is a positive development for the North African country, which has been hit hard by the Covid-19 pandemic and the resulting decline in tourism. The increase in tourism […]
In 2022, DIEZ witnessed a 42% surge in its operating profit.
DIEZ’s success in driving growth and profitability is a testament to their strategic focus and ability to innovate. By prioritizing sustainability and social responsibility, they are laying the foundation for future successes.
UAE dirham weakens against the Indian rupee, resulting in a jump in the value of the rupee.
The UAE (Dirham) and India have long been committed to strengthening their economic ties, and the recent surge of the Indian rupee is a testament to this.
Dubai witnesses a drop of Dh2 per gram as gold prices fall below $2,000.
Dubai’s gold market is a vibrant and attractive option for buyers, offering a range of products and services to cater to all needs and budgets.
The Super App of Careem, a ride-hailing platform in the UAE, will be acquired by E& in a majority stake worth $400 million
The investment in Careem’s Super App highlights the increasing importance of the digital economy in the Middle East, as well as the rapidly changing landscape of technology and commerce.
Saudi Arabia raises prices for oil sales to Asia.
Saudi Arabia raises prices for crude oil sales to Asia is being seen as a sign of the global oil market’s recovery from the impacts of the COVID-19 pandemic.