Saudi Arabia Moving Away From Oil To Financial Technology
Crude oil production in Saudi Arabia slowed down considerably last year, from 10,643 BBL/D/1K in December 2018 to only 9,890 BBL/D/1K in November …
Middle East
Saudi Plan to Wean Off Oil Sees Success Even as Economy Stalls
Saudi Arabia’s economy shrank 0.5% in the third quarter, a contraction that was broadly expected even as the kingdom’s goal of weaning itself off …
Saudi Banks NCB, Riyad Scrap Merger Talks
Saudi Arabia’s NCB, Riyad Banks end talks to create a mega bank consisting of $200 billion assets, with differences over valuation potentially …
Qatar To Host 14th World Islamic Economic Forum in 2020
Qatar plans to host the 14th session of the World Islamic Economic Forum (WIEF) in October 2020, according to an agreement signed between the Ministry …
Bank Nizwa Recognized As The Leader In Islamic Finance In Oman
Bank Nizwa, Oman’s fastest-growing Islamic bank continues to excel in providing excellent customer service. The bank received two awards in this …
Foodex Saudi 2019 to Attract Local, International Exhibitors
Foodex Saudi 2019 is set to be the largest international food and beverage event in Saudi Arabia, taking place in Jeddah from November 11-14, 2019. …
Plant-Based Foods Grow In Popularity In The Middle East
Plant-based foods are rapidly gaining popularity in the Middle East, creating profitable opportunities for start-ups and investors. Saudi Prince …
UAE To Help Bangladesh Set Up Global Halal Certification Center
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) recently sought collaboration and support from the United Arab Emirates (UAE) …
Dubai Launches `World`s First` AI-Based Fatwa Service
Dubai has unveiled the world’s first AI-powered fatwa service, known as “Virtual Ifta,” a groundbreaking platform designed to provide …
Is The Tourism Sector In Saudi Arabia Sustainable?
Over the past year, Riyadh has increased its focus on its tourism industry to diversify the economy in line with the Saudi Vision 2030.
Step into …
Arab Ministers Discuss Ways To Enhance Cultural Tourism
Arab ministers from across the region recently gathered in Tunis to discuss strategies for enhancing cultural tourism, marking a pivotal moment in the …
Egypt To Invest US$1b In Pakistan
Egyptian companies plan to invest $1 billion in Pakistan’s energy, infrastructure, halal food, and tourism sectors, the Arab News reported …
Russia To Increase Agri Exports To UAE
Russia is looking to increase its agricultural exports to the UAE in a bid to take advantage of the country’s highly receptive and rapidly …
Russia Keen on Meeting UAE’s Food Import Needs
Russia has made several steps towards enhancing its business presence in the UAE in this sector.
Russia is looking to increase its agricultural …
Bank Nizwa Nurtures Growth of Omani Experts in Islamic Finance
Bank Nizwa, a pioneer in Islamic finance in Oman, proudly boasts a 91% Omanization rate, reflecting its dedication to nurturing local talent within …
German Boxer Advocates for Headscarf Rights in the Ring
Zeina Nassar, a 21-year-old boxer from Berlin, is revolutionizing the sports world with her groundbreaking achievements and advocacy. As the German …
Boards of Kuwait Finance House and Ahli United Bank Agree Terms of Possible Merger
The boards of Kuwait Finance House (KFH) and Ahli United Bank (AUB) have agreed on a share swap ratio, marking a significant milestone in KFH’s bid to …
Pharma Industry in UAE Sees Robust Growth Ahead
Growing population and income have led to increased demand for pharmaceutical products in the UAE
The global and UAE pharmaceutical market have …
SA Tourism Agency Keen to Woo More Visitors from Saudi Arabia
In this Thursday, Aug. 22, 2019 photo, a Saudi woman poses for a picture as she wears a colorful flower crown native to the region during the …
Arab Women lag Behind In Digital Literacy
In today’s fast-paced, tech-driven world, digital literacy is crucial for everyone, from students to professionals and homemakers. Unfortunately, a …
Saudi Arabia Fines 16 Banks, Including Its Biggest Islamic Bank
Saudi Arabia’s central bank on Sunday fined 16 banks, including a UAE bank and some of Kingdom’s largest banks, for violating its laws and …
Oman`s Economic Growth To Top Among GCC Peers In 2020
Oman is predicted to have the highest growth among the countries of the Gulf Cooperation Council next year, according to a new report from the World …
Saudi Banks Assets To Grow In Double Digits by 2020
RIYADH — Samba Financial Group, Saudi Arabia’s third-largest bank by assets, expects Saudi banks to see double-digit asset growth by early 2020, …
GCC Online Travel Market To Reach $15 Billion By 2023
ABU DHABI/DUBAI — The online travel market in the Gulf Cooperation Council (GCC) countries is expected to reach $15 billion by 2023, according to MENA …