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Saudi bank credit rises 15% to $801.44bnThe total bank credit granted to the public and private sectors in Saudi Arabia reached its highest level at SAR3,005.9 billion ($801.44 billion) by the end of January 2025, according to the monthly statistical bulletin issued by the Saudi Central Bank (SAMA) for January 2025. &n More… |
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Alpha Data completes Abu Dhabi Securities Exchange listingThe Abu Dhabi Securities Exchange (ADX), the second-largest exchange in the Middle East, today (March 11) welcomed the successful listing of Alpha Data, a leading digital transformation provider and systems integrator in the UAE. Alpha Data’s IPO attract More… |
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UAE cabinet approves National Investment Strategy 2031The UAE cabinet at its key meeting yesterday (March 10) approved the National Investment Strategy for the next six years under which it aims to boost the annual foreign investment inflows from AED112 billion ($30.4 billion) in 2023 to AED240 billion (65 billion) by 2031. More… |
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Saudi Arabia posts highest quarterly growth in two yearsSaudi Arabia has registered a 1.3% growth in real GDP compared to the previous year, with non-oil and government activities surging by 4.3% and 2.6%, respectively, while oil activities declined by 4.5%, according to the General Authority for Statistics (GASTAT), while releasing the GDP report More… |
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Bahrain Bourse joins global exchanges to ring the bell for gender equalityBahrain Bourse (BHB), a licensed exchange by the Central Bank of Bahrain, participated in the annual United Nations ‘Ring the Bell for Gender Equality’ initiative in conjunction with the celebration of International Women’s Day yesterday (March 8), thus marking its seventh c More… |
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GCC inflation up 1.7% in October 2024 on housing pricesThe overall inflation rate in the Gulf Cooperation Council (GCC) countries rose by 1.7% at the end of October 2024 compared to the rate recorded during the same month of the previous year, according to the data released by the Statistical Centre for the Cooperation Council for the Arab Countr More… |
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UAE, Central African Republic Cepa to boost trade beyond $1bnThe Comprehensive Economic Partnership Agreement (CEPA) between the UAE and the Central African Republic will create further growth and prosperity opportunities for business communities in both countries, boosting bilateral trade beyond AED3.67 billion ($1 billion) over the next five to seven More… |
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Dhruva launches VAT guide for UAE’s construction sectorDhruva Consultants, a leading tax advisory firm in the Middle East, has launched a VAT Guide to simplify tax compliance for UAE’s construction sector. Designed as a key industry resource, it offers real-world insights that are in sync with Federal Tax Authority (FTA) guidelines. More… |
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Ras Al Khaimah completes $1bn sukuk issuanceThe Government of Ras Al Khaimah, acting through the emirate's Investment and Development Office, successfully closed its offering of a 10-year $1 billion senior unsecured sukuk at a profit rate of 5.01%. The RAK government tapped the international debt ca More… |
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ATME completes first tokenised asset issuanceMarking a milestone in its mission to transform capital markets, ATME, the digital assets exchange licensed by the Central Bank of Bahrain (CBB), has successfully completed its first issuance of tokenised real-world assets (RWAs) with gold-backed tokens. More… |
