Tag: News

COP16: Saudi Arabia urges private sector to bridge land restoration funding gap

RIYADH: Saudi Arabia’s UN Convention to Combat Desertification COP16 Presidency has called on the private sector to increase funding for land restoration efforts, highlighting...

Saudi Arabia to boost ICT sector with multi-billion-dollar firms in 2025

RIYADH: Saudi Arabia is set to launch two multi-billion-dollar companies by the end of 2025 as part of plans to boost its communications and...

COP16 opens in Riyadh with $2bn pledged to combat global drought crisis

RIYADH: A landmark initiative to tackle droughts secured $2 billion in funding on the opening day of COP16 in Riyadh. In what is the largest-ever...

Dubai: Abu Dhabi-based Aldar acquires flagship tower in DIFC for Dh2.3 billion

Abu Dhabi-based developer Aldar on Wednesday said it it has acquired Dh2.3 billion flagship tower from H&H Development, making it one of the largest...

UAE net wealth hit $2.9tn last year

The UAE is well-established as a hub for the super-rich and the introduction of generative AI could create further wealth boomThe UAE’s net wealth...

Dubai: Gold prices drop in early trade

Gold prices fell in Dubai at the opening of the markets on Tuesday after yesterday’s roller-coaster ride. The Dubai Jewellery Group data showed a 24K...

Moody’s upgrades rankings for 11 Saudi banks

RIYADH: Eleven banks in Saudi Arabia have seen their long-term deposit and senior unsecured ratings upgraded by Moody’s thanks to a strong operating environment. The...

Bitcoin languishes as long-term investors cash out

Employees talk to bypassers in front of a Bitcoin exchange advertisement truck in Hong Kong. — On Thursday, bitcoin was hovering around $96,500, having...

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UAE loan rates to rise? Escalating Iran-US conflict clouds next interest rate cut

Surging crude prices test central bank plans and household...

Emirates NBD waives ATM withdrawal and debit card fees across UAE and GCC

Bank removes charges on withdrawals and debit card replacements...

Global Markets: Stocks set for tough week, oil eyes strong gains as Middle East war rages

Oil prices set for largest weekly rise since Russia’s...

Saudi POS spending rises 4.5% to $3.8bn in late February: SAMA

RIYADH: Saudi Arabia’s point-of-sale spending rose 4.5 percent to SR14.5 billion ($3.8 billion)...

When AI Speaks for Your Brand, Who Owns the Trust

Trust Has Become a Strategic Asset In 2026, the question...