Saudi Arabia's stock market rose in early trading on Monday helped by banking shares and increasing oil prices, while most major Gulf stocks advanced mirroring gains in global equities.
Asian stocks, riding a Wall Street rally, were cheered by (...)
Cairo, Sharm El-Sheikh, Hurgahda, and Alexandria are to witness a growth of 11%, 39%, 29%, and 27%, respectively year-over-year (y-o-y) in revenues per available rooms (RevPAR), Colliers International said in its latest MENA Hotels Forecast report (...)
أوقفت شركة باجاني، إنتاج سيارتها زوندا رسميًا عام 2013، لكن سرعان ما عادت إلى الأسواق خلال عام 2019، نتيجة طلبات عملاء الشركة الأثرياء.
وقررت الشركة طرح السيارة للبيع في مزاد RM Sotheby's Abu Dhabi هذا العام، وستكون هذه هي المرة الأولى التي يتم بيع (...)
Dubai's Roads and Transport Authority (RTA) said on Saturday 65 percent of the construction works of the Al Qudra-Lehbab Roads Intersection project had been completed.
The project upgrades the junction from intersecting roads into a flyover enabling (...)
Weakness in banking shares pushed indexes in Saudi Arabia and Abu Dhabi stocks lower in early trade on Sunday, while Qatari stocks rebounded on demand for Industries Qatar, which bounced back after sharp losses this month on weak earnings.
Saudi (...)
Nine private banks operating in the Egyptian market gained about EGP 14.941bn net profits during the first half (H1) of 2019.
According to the performance indicators of banks in Egypt during the last period, the Commercial International Bank (CIB) – (...)
Gulf markets in early trading on Thursday extended their losses amid falling oil prices and worries of global recession risks triggered by disappointing economic data out of China and Europe.
Brent crude LCOc1 was down 37 cents, or 0.6 percent, at (...)
Abu Dhabi will showcase its world-class infrastructure and technology achievements in the transport sector to global experts as part of a series of technical visits during the World Road Congress Abu Dhabi.
Now open for registration, the free (...)
Most major Gulf stocks traded in positive territory on Wednesday after the Eid holiday, taking their cue from global equity markets which rose after Washington delayed tariffs on some Chinese imports.
President Donald Trump backed off his plan to (...)
Most Gulf markets traded on Wednesday after a three-day Eid holiday, while Saudi Arabia and Oman's bourses will resume trading on Sunday.
The markets reversed earlier gains as optimism over Washington delaying tariffs on some Chinese imports gave (...)
It's safe to say that the Egyptian delegation that participated in the 2019 Abu Dhabi Special Olympics (14-21 March) has taken the event by a storm. Egyptian athletes have broken all expectations and won a total of 70 medals (29 gold, 21 silver, and (...)
Saudi Arabia's King Salman bin Abdelaziz discussed the situation in Yemen with the crown prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al-Nayhan, on Monday, state-run Saudi TV said.
The meeting, in the region of Mecca, came after the Saudi-led (...)
The Saudi-led coalition intervened in Aden on Sunday in support of the internationally-recognized government of Yemen after southern separatists effectively took over the port city, fracturing the alliance that had been battling the Iran-aligned (...)
Aldar Properties, the largest property developer in Abu Dhabi, reported a seven percent growth in net profit to 476 million dirhams ($129.59 million) during the second quarter this year due to higher revenues.
The developer behind Abu Dhabi's (...)
Gulf stocks rebounded on Wednesday, mostly on back of their financial shares, after U.S. President Donald Trump dismissed worries of a prolonged trade dispute with Beijing and China's central bank stepped in to stabilise the yuan.
The offshore yuan (...)
Saudi Arabia has a number of under construction tourism projects worth $11.6 billion as the kingdom seeks to draw more international and GCC tourists, said a report on Tuesday.
In February 2019, the kingdom unveiled major tourism initiatives, (...)
Dubai's residential rents across categories continued to decline on the back of softer demand and pressure caused by upcoming supply, real estate surveys show.
Analysts at Kamco Research said the highest declines in second quarter was witnessed in (...)
Abu Dhabi National Oil Co (ADNOC) said on Wednesday it will acquire a stake in VTTI, a Vitol-backed global energy storage company, as part of the state-run UAE energy firm's transformation drive and its expansion into oil trading.
ADNOC will acquire (...)
Governments across the region are being challenged to deliver digital services and meet citizen expectations, often even before the citizenry realise the need. Artificial Intelligence (AI) can be the key.
One of the maxims of governments all over (...)
Saudi Arabia's stock market fell sharply on Tuesday amid escalating trade tensions between China and the United States, while Qatar and Abu Dhabi opened higher on back of their financials.
A year-long U.S.-China trade war boiled over on Monday as (...)
UAE's Arad Real Estate Investment and Development (ARAD) targets various investment opportunities in Saudi Arabia and Egypt, it chairman Sultan bin Ahmed Al Qasimi said on Monday.
The company hopes to launch its first project in the kingdom in the (...)
Gulf markets dropped on Monday, mostly weighed down by banking shares, as a fresh escalation in the U.S.-China trade dispute drove investors towards safer assets.
The Saudi Arabian index was down 1.1 percent, also hit by disappointment over some (...)
SHUAA Capital has announced the completion of the merger with Abu Dhabi Financial Group and the raising of its authorized capital from $ 289,9 to $690,3, following final regulatory approvals.
This comes following the admission of 1,470,720,000 new (...)
US President Donald Trump's son-in-law and senior advisor, Jared Kushner, accompanied by a White House team including Middle East envoy Jason Greenblatt and State Department official Brian Hook, began last week a Mideast tour to rally support from (...)
Saudi Arabia's stocks fell on Sunday, weighed down by banking shares, in line with major markets on Friday after the U.S. Federal Reserve cut interest rates, which was followed by rate cuts by most Gulf central banks.
The Saudi banking stocks were (...)
