Bullion prices have taken off this year, rising almost 10 per cent, as concerns over the virus deepen
Of Saudi Arabia’s 33 insurance companies, 10 made a loss last year, with the bulk of profits being earned by two companies — Bupa Arabia and Tawuniya
Abu Dhabi Islamic Bank is seeking to save about Dhs500m by cutting jobs and closing branches
Central banks in Indonesia, Mexico, Turkey and South Africa have cut rates this year
The acquisition will integrate the strengths of both firms to create a robust cyber security unit that would, in turn, bolster Etisalat Digital’s portfolio of digital security services
The highest ranking entries from the world of finance in Gulf Business’ annual Arab power list 2020
Careem will operate 1,750 bicycles and install 175 stations during the first two years, later increasing them to a total of 3,500 bicycles and 350 stations over the next five years
Madar includes a cluster of attractions including a children’s adventure area and a food zone
Leaders of the world economy are convening amid mounting fears that the virus outbreak poses a greater threat to global growth than earlier envisaged
S&P Global Ratings cut the country’s long-term foreign currency rating to CC, following a similar reduction by Moody’s Investors Service to Ca
Holiday home owners in the emirate will now have to pay a tourism fee amounting to 6 per cent of the guest’s bill
The instant licence service enables businessmen to obtain a commercial license within five minutes
Jafurah will likely produce about 130,000 barrels a day of ethane, close to 40 per cent of the kingdom’s current production and around 500,000 barrels a day of gas liquids and condensates, representing about 34 per cent of the output
3D printing and digital design software has effectively disrupted the standardised medical business model that has existed for decades
Global ride-sharing app Uber is looking to expand its presence in the region, says Tino Abdellatif Waked, general manager at Uber MENA
South Korea reported its first death from the virus on Thursday while in Singapore, more than 80 people have contracted the virus
The ‘KYC Blockchain Consortium’ will facilitate faster and more secure exchange of digital customer data and documents through the blockchain technology
Huawei has signed 77 5G contracts globally, of which 12 are in the Middle East
Spot gold traded at $1,607.95 an ounce at 3.02pm in Shanghai, down from Wednesday’s peak of $1,612.98, which was the highest since March 2013
The GCC Communicable Diseases Committee also held an emergency meeting on January 29 to explore cooperation mechanisms
The 23-nation coalition known as OPEC+ had already scheduled the conference for early March when it last assembled in December
The average gross rental yield in Dubai stands at 7 per cent, finds report
The North African country will announce its first exploration tender in close to three years by March
Muddy Waters’s scrutiny into NMC has snowballed into a troubling scenario for Shetty that sheds light on his complex share arrangements
Its consolidated revenues in 2019 reached Dhs52.2bn, slightly lower than Dhs52.38bn in 2018
Egypt’s programme to offer stakes in state-run firms is part of a broader plan to revive the economy
In August, Reliance valued its oil-to-chemicals division at $75bn including debt, implying a $15bn valuation for a 20 per cent stake
W Motors has hired investment bank Guggenheim Partners to help raise as much as $100m
Both contracts are expected to be completed in 2022
The airline will operate the flights from May 14 – 23, to meet increased demand during the busy religious travel period