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UAE among top nations for human development
The UAE places utmost importance to human development, hence maintaining its highest rating in the GCC
Sharjah, Asean seek to boost ties in non-oil sectors
Sharjah has welcomed the Asean community's growing interest in the emirate's diversified economy
Top UAE banks step up lending as confidence rises
The 10 largest listed banks in the UAE maintained increasing levels of confidence in the second quarter by recording increased
Saudi Arabia seeks stable, not soaring, oil prices
Oil prices rose this week on continuing market tightness. With the price rise, some Saudi-bashing has begun.
Dubai gold price remains steady, 22k touches Dh137.25
Spot gold was little changed at $1,203.86 by 0106 GMT, after rising 0.5 per cent in the previous session.
UAE remains a millionaire magnet
The UAE will remain a magnet for millionaires as the population of high net worth individuals (HNWIs) will grow faster in the coming years.
Dubai South may invest Dh1 billion in facilities and infrastructure: Al Zaffin
Dubai South will invest Dh1 billion in the development of facilities and infrastructure with key focus on logistics sector in the next few years
Non-oil sector to spur growth in UAE GDP
The UAE's real gross domestic product (GDP) is poised to grow at 2.3 per cent in 2018
Deutsche Bank appoints Riyadh GM
Deutsche Bank has appointed Mohammed Alajmi as general manager of Deutsche Bank Riyadh Branch in Saudi Arabia.
Reasons why your bank account can be frozen in UAE
Though there are a number of reasons for which the UAE residents' bank accounts could be frozen
Makkah will see big increase in malls to meet pilgrim boom
The holy city of Makkah is set to see a sharp increase in the number of retail malls and outlets to cater for a projected
Pakistan PM Khan expected to boost aid and trade from visit to Kingdom
Faced with a financial crisis at home, Pakistan Prime Minister Imran Khan’s first visit to Saudi Arabia
Saudi Arabia’s central bank governor expects SR71bn Q2 surplus
Saudi Arabia’s central bank governor said on Monday that the Kingdom’s current account is expected to record a surplus in the second quarter of this year worth SR71 billion ($19billion).
Dubai spurs GCC Corporate earnings growth
A remarkable 21.5 per cent jump in Dubai's corporate earnings year-to-date has propelled the GCC aggregate corporate earnings growth to 12.1 per cent
Makkah will see big increase in malls to meet pilgrim boom
The holy city of Makkah is set to see a sharp increase in the number of retail malls and outlets to cater for a projected boom of pilgrims making the annual Hajj.
Expats in UAE welcome long-term residence visa
Expats in the UAE will be allowed to stay back in the country for a "longer period of time" after retirement, His Highness Sheikh Mohammed bin Rashid Al Maktoum
Saudi economy ‘can hit IMF growth forecast’
Saudi Arabia’s economy can achieve an International Monetary Fund forecast of 1.9 percent gross domestic product growth this year, the central bank governor said on Sunday.
KSA in line for multibillion-dollar infrastructure dividend
Saudi Arabia stands to collect an “infrastructure dividend” worth billions as it pushes ahead with its diversification drive, powered by a localization program involving partnerships between KSA
UAE hotels are ready for 2020
All eyes will be on the UAE's hospitality industry as it readies itself to welcome the influx of visitors for the Expo 2020.
Saudi Arabia on track for 1.9% GDP growth
Saudi Arabia's economy can achieve an International Monetary Fund forecast of 1.9 percent gross domestic product growth this year
Marsh Saudi Arabia CEO Bassam Al-Bader: How KSA learned to love the insurance business
The insurance industry was slow to gain traction in the Kingdom in comparison to other financial sectors such as banking
Sheikh Khalifa approves Dh1.9b additional funding for federal budget
The President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a Federal Decree-Law No. 6 of 2018
ADGM admits more UAE FinTech firms
The Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi
Global oil market faces key test as supply tightens
The global oil market faces a crucial test amid questions about how much spare capacity can be tapped to offset falls in exports from Iran and Venezuela, the International Energy Agency (IEA) said.
Abu Dhabi launches first phase of dual licence initiative
In a landmark decision announced by the Abu Dhabi Department of Economic Development (DED) on Saturday
These workers can get 10-year visa in UAE
Technology entrepreneurs, influencers, high-end individual investors and specialists in certain fields such as science
Saudi Aramco says reports on SABIC stake ‘entirely speculative’
Media reports on a potential transaction between Saudi Aramco and the Saudi Arabian Basic Industries Corp.
Abu Dhabi residents feel paid parking pinch
Abu Dhabi residents are feeling the pinch as free parking has become a thing of the past in the main island.
Property handovers drive up mortgage lending in Dubai
The vast majority of mortgage transactions in Dubai are new purchases by end-users and final handover payments for completed developments.
Dubai among world's top 15 financial centres
Backed by its strong infrastructure, banking and financial services, Dubai has retained its top ranking in the region in the list of the world's top financial centres and improved its global ranking by four places.
Aldar shifts its debt, key assets worth Dh20b to new subsidiary
Abu Dhabi-based property developer Aldar Properties on Wednesday announced creating an investment
Saudi Arabia targets $2 billion with new Islamic bonds
Saudi Arabia has started marketing US dollar-denominated sukuk, or Islamic bonds, with the issue expected to be around $2 billion in size
Emirates wins gold award for first class private suites
Dubai-based Emirates has been awarded gold by Future Travel Experience (FTE) for its fully-enclosed first class private suites.
SABIC eyes expansion in China with proposed new plant
Saudi Basic Industries Corporation (SABIC) is considering plans to build a petrochemical
Dubai's Gitex Shopper entry ticket price cut by 33%
Dubai World Trade Centre, which hosts the technology exhibition, has reduced entry ticket for the upcoming
Tourists in UAE can claim VAT refund at 12 exit points by year-end
The UAE looks set to put an up-to-date system in place for VAT refund to millions of tourists from November
Dubai Expo 2020 is looking for 23,000 volunteers
As many as 7,000 volunteers have already been registered to be a part of the Expo 2020 experience in Dubai.
Emaar denies offering 10-year visa to investors
Property developer Emaar Properties on Tuesday rejected media report that it plans to offer 10-year visa
Rupee may hit 20-mark against UAE dirham in few days
New day, new low. The Indian rupee, along with other emerging market currencies
Real estate secures Dh306.6b financing
The UAE Central Bank figures revealed that real estate received the highest funding from banks, reaching around Dh306.6 billion
Dubai non-oil sector sustains growth in August
Dubai's non-oil private sector sustained a better growth rate in August compared with July, latest survey data from Emirates NBD shows.
Dubai Expo 2020 is looking for 23,000 volunteers
As many as 7,000 volunteers have already been registered to be a part of the Expo 2020 experience in Dubai
Bloomberg starts second training program for Saudi students in Dubai
Bloomberg and the Misk Foundation have begun the second edition of their financial journalism training program in Dubai for Saudi students.
Saudi health sector largest among Mideast countries, says minister
The health sector in Saudi Arabia is the largest among all Middle Eastern countries with an expenditure exceeding SR150 billion ($40 billion)
UAE to invest Dh1.3 trillion in these sectors
Energy, utilities and transportation sectors in the UAE will see massive growth in the next two decades
Rupee falls further, now hits 72.35 per dollar
Continuing its slide, the Indian rupee touched another fresh low of 72.35 on Monday
Why Pakistani expats feel at home in UAE
The UAE will remain an investment hub for Pakistanis who consider the emirate second home
Saudi market reverses some losses after last week’s plunge
Gulf stock markets closed on a positive note on Sunday, reversing some of their losses earlier in the day
We look forward to bringing change and serving the public, say Saudi female passport staff
Women who have begun the training program for security personnel dealing with passports
Third of Saudi companies expect to grow by 10%
A third of middle-market Saudi businesses expect to grow by at least 10 percent this year and more than half will hire extra full-time staff
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