The bank’s previous inflation report three months ago forecast year-end inflation of 38 per cent in 2024 and 14 per cent next year
The company is executing a transformative growth strategy encompassing fleet expansion and global market entry
Madeleine Hung, general manager of EMEA Commercial System BG at ASUS, says ASUS’s AI-powered PCs enhance productivity and efficiency for workers, teachers, and students
Most GCC economies have been largely shielded from stubbornly high inflation elsewhere, and have implemented ambitious plans to diversify revenue sources and boost non-oil growth
Mohamad Hashem, general manager of Saudi Arabia and Bahrain at Kaspersky, says the company is committed to bolstering the kingdom’s defences against sophisticated cyber threats
ADNOC’s ICV programme targets further economic reinvestment, aiming to drive Dhs178bn back into the UAE economy over the next four years
The MENA IPO market is expected to close out 2024 on a high note, driven by government support for economic diversification and growing interest from regional and global investors in the MENA region’s dynamic opportunities
CEO Max Palethorpe unpacks how the company is leveraging the glamour of F1 to create tailor-made corporate events for global powerhouses
The hypermarket chain operator initially planned to sell a 25 per cent stake and raise as much as $1.43bn, but it increased the size of the IPO
SAMENA Council’s Bocar A. BA discusses advancements in telecoms and how the SAMENA Council’s strategic initiatives align with the United Nations’ Connect 2030 agenda and sustainable development objectives
The group’s revenues in the first six months of its financial year jumped by 5 per cent to $19.3bn (Dhs70.8bn)
The holding firm’s financial position is backed by its total assets of Dhs382.9bn as of September 30, driven by investments and asset transfers
The deal, which expands the UAE’s efforts to become a key supplier of LNG, converts a preliminary deal signed in March to a definitive sales agreement
The 3D mega seismic survey, which began in late 2018, covers a vast 85,000 square kilometres across onshore and offshore areas in Abu Dhabi
The right sort of education in banking and finance is going to become even more important for the GCC in a world of technology-driven automation and climate change, says the MD of MENA and Asia at The London Institute of Banking & Finance
The growth in the country’s debt capital markets demonstrates its expanding financial landscape and its strategic role in the global Islamic finance market
The National Investment Strategy 2031 is more than a roadmap for FDI growth; it represents the UAE’s strategic intent to be a leader in emerging sectors and a magnet for top talent
Carrefour Jordan had announced late Monday in a Facebook post that it would no longer operate in the country
The collaboration will support environmental and economic goals through AI-driven initiatives in renewable energy, carbon capture and efficiency improvements
Jamal Saleh, director general of the UAE Banks Federation (UBF), emphasises the need for a robust and inclusive digital lending ecosystem in the UAE to support economic growth and financial inclusion
The listing would allow investors to invest in Oman’s only production company of methanol, ammonia and LPG products
Consumer preferences are evolving with more than 60 per cent of customers in the GCC interested in adjacent services from their current retailers, according to Oliver Wyman’s latest survey
Aramco expects to declare total dividends of $124.3bn in 2024, of which $43.1bn would be performance-linked dividends
The transaction, subject to regulatory approvals, would be on a cash-free, and debt-free, excluding transaction fees and expenses
The finance ministry will transfer the entirety of its stake to the PIF at a share price of SAR41.60 apiece, subject to regulatory approvals and non-objections
The price range for the shares remains unchanged at between Dhs1.94 and Dhs2.04 per share
The kingdom’s total spending came to SAR339bn in the quarter as it continued to spend heavily on its Vision 2030 transformation programme
The initiative aims to reduce transportation costs, ease traffic congestion, and offer a more sustainable travel option for commuters between the two emirates
Sales for Mamsha Gardens open on November 9, offering buyers a variety of options including one, two, and three-bedroom apartments
The CEO of the UAE-based agency shares his vision for driving growth and strengthening cross-cultural connections within the industry