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Higher crude oil prices to fuel government spending → Read More
First-quarter revenue increased 13 per cent to Dh5.16 billion → Read More
Those polled in a survey reported a return of job creation in the emirate for the first time since January → Read More
Alternative asset manager pays more than 1bn Saudi riyals → Read More
The accord will link the centre's FinTech Hive with the consultancy's labs around the world → Read More
Headline PMI rises to 55.1 in April from 54.8 in March → Read More
The fund warns however of downside risks, including lower oil prices → Read More
Pact to advance development of various sectors including agriculture and education → Read More
The kingdom's shift towards a more expansionary fiscal policy and higher oil prices will help drive growth → Read More
Exchange to service investors in the Belt and Road corridor → Read More
Phoenician Capital is a global value investor that's outperformed S&P500; in past two years → Read More
Government unifies forex rate but market rate for dollar reaches record high → Read More
Bids are due by October and the first bidding round is expected to be completed this year → Read More
Company on track to enter Dubai and Saudi Arabia this year → Read More
Saudi Arabia streamlines business registration as it seeks to diversify its economy. Faisal Al Nasser/Reuters Saudi Arabia is making it easier for businesses to set up shop in the Arab world’s largest economy with 12 regulatory reforms that will allow an enterprise to be set up in just one day. The changes come amid a massive economic reform programme dubbed Vision 2030 that is seeking to make… → Read More
Global consultancy McKinsey says Middle East consumers looking for savings amid austerity. Arnd Wiegmann / Reuters. Middle East consumers, especially in Saudi Arabia, are becoming less loyal to brands and more cost-conscious with more than half actively looking for cheaper alternatives, according to the Middle East Sentiment Survey by the consultants McKinsey & Co. “Approximately 55 per cent… → Read More
The announcement comes as kingdom undergoes massive social change → Read More
International investors snap up $1.18bn of regional stocks, remaining net buyers → Read More
GCC bank profits grow 6 per cent in 2017, according to BCG. Ahmed Jadallah/Reuters GCC banks weathered the storm of slower revenue growth last year, posting 6 per cent profit thanks to lower costs, according to Boston Consulting Group's regional banking index. Profit rose even as revenues climbed just 2.3 per cent, a 3 percentage point drop from 2016. “GCC banks are adapting well to a slowing… → Read More
Qatar Holding sells $662 million stake in Hong Kong department store → Read More