11 Shawwal 1445 - 20 April 2024
    
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Eye of Dubai

Sanad solidifies its partnership with Asiana Airlines at AED532 million
Business & Money | Friday 12 April, 2024 7:05 am
Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company PJSC (Mubadala), solidified its partnership with Asiana Airlines, the second largest airline in South Korea, through a five-year contract extension...
Commercial registers for fast-food sector reach 44,800 in 2023: Ministry
Business & Money | Friday 12 April, 2024 6:46 am
The Ministry of Commerce stated that the number of commercial registers for fast-food sector in Saudi Arabia increased by 17% year-on-year (YoY) to 44,800 by the end of 2023, Al Eqtisadiah newspaper reported.   Riyadh dominated the largest number of registers reaching 13,644. It was...
SDB collects SAR 114B from total loans offered to citizens
Business & Money | Friday 12 April, 2024 6:45 am
The Social Development Bank (SDB) collected SAR 114 billionfrom the total loans worth SAR 155 billion offered to citizens, Al Eqtisadiah newspaper reported, citing CEO Sultan Al-Hamidi.   He added that the total loans offered to females since the bank's establishment reached nearly...
OPEC maintains oil demand forecast for 2024
Business & Money | Friday 12 April, 2024 6:42 am
The Organization of the Petroleum Exporting Countries (OPEC) continues to expect oil demand to grow by 2.2 million barrels a day (bpd) in 2024 and by 1.8 million bpd in 2025, unchanged from its previous estimates.   Meanwhile, the organization lowered its expectation for non-OPEC...
Aramco plans to post Q1 2024 financials on May 7
Business & Money | Thursday 11 April, 2024 8:34 am
Saudi Arabian Oil Co. (Saudi Aramco) stated that it intends to disclose its Q1 2024 financials before the start of trading on the Saudi Exchange (Tadawul) on May 7.   In a statement, the oil giant added that it will also discuss the three-month results in an audio webcast at 3:30 pm...
Gold hovers near all-time high as market focus turns to US data
Business & Money | Thursday 11 April, 2024 8:32 am
Gold prices rose today, April 9, hovering near their lifetime high, supported by firm central bank buying, while investors are watching out for the Federal Reserve's policy meeting minutes and US.   The gold spot prices edged up 0.3% to $2,345.09 per ounce at 0621...
Tomoh drives 21 companies to list shares on Nomu: Monsha’at
Business & Money | Thursday 11 April, 2024 8:24 am
The Small & Medium Enterprises General Authority (Monsha'at) said that Tomoh Program supported 21 companies to list shares on Nomu-Parallel Market since its launch in June 2020 until the end of the first quarter of 2024, Al-Eqtisadiah newspaper reported.   The program relies ...
China's new international land-sea trade corridor records $8.9 billion in TEUs transported
Business & Money | Wednesday 10 April, 2024 6:07 am
The New International Land-Sea Trade Corridor (ILSTC), which runs through the western part of China, is rapidly expanding, serving as a vital connection between the Silk Road Economic Belt, the 21st-Century Maritime Silk Road, and the Yangtze River Economic Belt. According to the People's...
Forbes Middle East reveals Middle East’s Most Valuable Banks 2024
Business & Money | Wednesday 10 April, 2024 6:06 am
Forbes Middle East has revealed its ‘30 Most Valuable Banks’ ranking, featuring the resilient, profitable, and customer-centric banking titans in the region.As of February 23, 2024, the 30 banks had a combined value of US$581.1 billion, up 14 percent over the last 12 months. Gulf entities...
KSA preferred gateway for Chinese firms in ME, GCC: Chinese Ambassador
Business & Money | Wednesday 10 April, 2024 5:28 am
Saudi Arabia has become the preferred gateway for Chinese companies to enter the Middle East and GCC markets, Al Eqtisadiah newspaper reported, citing Chinese Ambassador to Saudi Arabia Chen Weiqing.   Chinese and Saudi economies are highly integrated and have enormous potential for...
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