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Saudi PIF In Talks For $3.1bn Loan Guarantee Deal With Italian SACE: Report

Middle East Business News - Published date: .

The talks with SACE follow Italian Prime Minister Giorgia Meloni’s visit to Saudi Arabia, where agreements worth $10... Read more

Saudi Arabias Expat Remittances Hit $38.4bn In 2024, Highest Since 2022

Middle East Business News - Published date: .

The increase was reportedly mainly due to the growth in employment rates and the improvement of wages in some sectors Read more

Al Salam Bank Net Profit Rises 48.7% For Q4 And 39.8% For The Year

Middle East Business News - Published date: .

Net profit attributable to shareholders for Q4 2024 is $44.3 million, while that for the full year 2024 is $156.5 milli... Read more

Dubai 9-month GDP Climbs To $92.4bn As Transport, Finance, IT And Real Estate Sectors Lead Growth

Middle East Business News - Published date: .

Dubai GDP increased by more than 3 per cent in the first nine months of last year Read more

FAB Posts 4% Rise In FY 2024 Net Profit; Beats Estimate

Middle East Business News - Published date: .

For Q4 2024, First Abu Dhabi Bank’s net profit was to the tune of AED 4.18 billion Read more

Saudis Derayah Financial Secures Olayan Saudi As Cornerstone Investor For Tadawul IPO

Middle East Business News - Published date: .

Olayan Saudi is an investment arm of the kingdom’s Olayan Financing Company Read more

FTA Urges Registrants To Take Advantage Of Grace Period And Update Records

Middle East Business News - Published date: .

Administrative penalties will be imposed once the grace period announced by the UAE cabinet ends on 31 March 2025 Read more

UAEs Al Fardan Exchange Ties Up With Visa For Enhanced Cross-border Remittance Services

Middle East Business News - Published date: .

The company announced launching a new cross-border remittance service through Visa Direct Read more

Abu Dhabis Lunate Launches Ghaf Benefits Platform To Transform UAE End-of-service Gratuity

Middle East Business News - Published date: .

The platform is available to private sector employers and their employees across the country Read more

It Was My Mistake: Salt Bae Regrets Touching Football World Cup, Ill Never Do It Again

Sports and Eneterainment - Published date: .

The notorious incident took place during Argentina’s celebrations after the FIFA World Cup final in 2022 Read more

Riyadh Air Becomes The Official Partner Of LIV Golf League

Sports and Eneterainment - Published date: .

Saudi Arabia’s new national airline signs a multi-year deal with the global league that guarantees prominent branding... Read more

Sukoon Uses AI To Eliminate Medical Exams In Life Insurance

Middle East Business News - Published date: .

A short video of the applicant’s face will measure key health metrics like heart rate, blood pressure, and respiratio... Read more

Invictus Investment Acquires Mozambiques Largest Flour Miller

Middle East Business News - Published date: .

Merec Industries, with a processing capacity of 1.0 million MTpa, is expected to add over USD272 million to Invictus’... Read more

Gulf Sovereign Wealth Funds Drive $36bn+ Mega-deal Boom As UAE, Saudi Buck Global M&A Slowdown

Middle East Business News - Published date: .

Saudi Arabia's PIF and UAE sovereign funds, including Mubadala and ADIA, have been central to this growth Read more

Bitcoin Price Rebounds To Cross $100,000 Amid Lingering Fears Of Major Crypto Market Upheaval

Middle East Business News - Published date: .

Ethereum rebounded from $2,451 on Monday to $2,799 on Tuesday, marking a significant recovery for the major cryptocurre... Read more

Dubai Government Adds New Tabby Payment Option On DubaiPay

Middle East Business News - Published date: .

Tabby joins various other payment methods available on DubaiPay, such as credit cards, direct debit cards, smart wallet... Read more

Etihad Announces Mubadala Abu Dhabi Open Tennis Sponsorship

Sports and Eneterainment - Published date: .

Etihad Airways partners with Mubadala Abu Dhabi Open tennis tournament Read more

Side Hustles In Dubai; UAE Petrol Prices; Saudi Job Localisation; Habtoor Cancels Lebanon Investments – 10 Things You Missed This Week

Middle East Business News - Published date: .

UAE petrol prices, Dubai real estate analysis, Saudi job updates, how to get a side hustle and more top stories this we... Read more

Mashreq Delivers $2.45bn Net Profit In 2024

Middle East Business News - Published date: .

The bank reported a 24% jump in its revenue in 2024 to AED 13.4 billion Read more

Fear Of God Signs Major Partnership With NBA, WNBA For Fan Merchandise

Sports and Eneterainment - Published date: .

The partnership aims to create merchandise that connects with fans while maintaining Fear of God's design principles Read more