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Economy

Saudi National Bank second quarter net profit up 9 pct, beating estimates

the financial -
Saudi National Bank (SNB) on Tuesday reported a 9.3 percent jump in net profit for the second quarter compared with the prior-year period, on...
Crypto

Crypto exchange Rain to target UAE asset managers after winning license

the financial -
Middle Eastern crypto exchange Rain said on Tuesday its Abu Dhabi unit obtained a license to operate a virtual assets brokerage and custody service...
Business

Saudi oil exports down 40 percent in May yoy: Stats agency

the financial -
Saudi oil exports fell almost 40 percent in May from the same period a year ago, latest government data released on Tuesday showed, weighing...
Economy

Dubai’s stock market DFM hits an eight-year high, lifted by a real estate boom

the financial -
Buoyed by a surge in real estate activity, the Dubai Financial Market has reached its highest point in nearly eight years and extended year-to-date...
Economy

UAE aims to grow economy 7pct, reach over $800 bln by 2030: Minister

the financial -
The United Arab Emirates is looking to accelerate economic growth in the coming years as it seeks to double its gross domestic product to...
Business

Saudi Arabia’s Rawabi Energy successfully concludes financing deal worth $1.91 bln

the financial -
Rawabi Energy and its subsidiaries announced on Sunday the successful conclusion of one of the largest private sector syndicated financing in the Kingdom of...
Economy

Non-oil focus fuels optimism for Saudi, UAE startups, investors amid global slump

the financial -
Startups in the UAE and Saudi Arabia are weathering the effects of a global economic downturn and adapting to the changing needs of consumers,...
Economy

UAE government revenue reaches Dh115.6 billion, expenses at Dh92.5 billion in Q1 2023

the financial -
Abu Dhabi: The UAE government’s revenues in the first quarter of 2023 stood at Dh115.6 billion, while expenditures totalled Dh92.5 billion, the Ministry of...
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