UAE's Mubadala leads a $400 million financing round for German insurance company Wefox
Wefox, an insurance technology company founded by former emp.. Read more
Saudi Arabian Centers distributes dividends to shareholders for the second half of 2022 with a total of 356.25 million riyals
Arabian Centers Company has approved the distribution of cas.. Read more
The largest sovereign funds: "Abu Dhabi Investment Authority" advances to third place globally, with assets of $708.8 billion
The Abu Dhabi Investment Authority has advanced to the third.. Read more
Accumulated losses place Emirati companies on the "second category" screen, pending anonymity
Special Report - (Namazone): A group of companies listed.. Read more
Details 142 Saudi initiative to face the consequences of "Corona" B214 billion riyals
Special Report (Nmazzon): The government announced that.. Read more
The euro is below the dollar .. the lowest level in 20 years
For the first time in 20 years, the euro fell below $1 on Tu.. Read more
"OPEC"...The pressures of supply shortage will continue next year
OPEC expected global demand for oil to increase next year, b.. Read more
Gold falls as the dollar stabilizes near its highest level in 20 years
Gold fell on Monday, with the dollar's price stabilizing nea.. Read more
Oil price drops due to recession fears and China's restrictions to combat COVID-19
Oil prices fell nearly $1 on Monday, July 11th, in volatile.. Read more
Because of Elon Musk's suspension of the acquisition deal, Twitter's stock is down about 7% in pre-opening trading.
Twitter's stock incurred sharp losses in pre-opening trading.. Read more
Economic News
Gulf Markets
Moody's: The Saudi economy will grow by 3.9% until 2026
The credit rating agency Moody's has issued its detailed annual credit report on the credit situatio... Read more
Gulf Markets
AMAC increases its capital and distributes 129 million riyals as cash dividends for the first half
The Board of Directors of the Grand Factories Company for Mining (AMAC) recommended distributing cas... Read more
Gulf Markets
Al-Munajji's profits increased by 225.3% during the first half
Al Minaj Food Company clarified the preliminary financial results for the period ending on June 30,... Read more
Gulf Markets
Chemanol's profits jump 53% in the second quarter to 92 million riyals
The financial statements of the methanol chemicals company (Chemanol) showed an increase in the comp... Read more
Gulf Markets
Extra profits increased by 23.6% in the first half
United Electronics Extra Company clarified the estimated financial results for the period ending on... Read more
Gulf Markets
Almarai profits rise 8% in the second quarter of 2022
The preliminary financial results of Almarai Company showed an increase in its net profit by 7.96%... Read more
Gulf Markets
Saudi inflation rises 2.3% in June
The data of the General Authority for Statistics in Saudi Arabia showed, today, Thursday, that the i... Read more
Gulf Markets
Saudi Ceramic distributes 40 million riyals in semi-annual profits
The Saudi Ceramic Company announced the approval of the Board of Directors to distribute cash divide... Read more
Gulf Markets
KFH raises the offer to acquire Al-Ahly United to $8.8 billion
Kuwait Finance House (KFH) has raised its takeover bid for Bahrain's Ahli United Bank to $11.6 billi... Read more
Gulf Markets
GFH Financial buys 5.12 million shares of its stock
GFH Financial Group has purchased 5.12 million of its shares (treasury shares). According to Arab... Read more
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