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
Will gold remain a safe haven asset?
Gold has long been a source of controversy and contention am.. Read more
Global trade is expected to decline in the coming months
The economics department of Qatar National Bank (QNB) said t.. Read more
Analysis .. How will major central banks respond to the increasing cases of financial instability?
The global macroeconomic environment is experiencing some of.. 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
Economic News
Gulf Markets
Kuwait imposes an absolute ban on the use of virtual assets and cryptocurrencies
Several regulatory authorities issued - the Central Bank of Kuwait and the Capital Markets Authority... Read more
Gulf Markets
Saudi Arabia's holdings of US bonds declined to $111.3 billion at the end of May
The Kingdom of Saudi Arabia’s holdings of US Treasury bonds decreased by 2.96% during the month of M... Read more
UAE Markets
The number of new companies licensed by the Dubai Financial Services Authority increased by 43% during the first half of 2023
The Dubai Financial Services Authority announced that the total number of licensed companies has inc... Read more
World Markets
Gold rose 0.5% with the decline of the dollar
Gold prices rose today, Thursday, to the highest level in nine weeks, due to the decline in the doll... Read more
World Markets
Microsoft shares rose 4%, hitting a record high at the close
Shares of Microsoft Corporation (MSFT) rose at the close of Tuesday's session, setting a new rec... Read more
World Markets
Oil prices fell on concerns about US demand, despite Chinese stimulus
Global oil prices fell on Wednesday after rising in early Asian trade, as markets balanced concerns... Read more
Gulf Markets
Qatar Energy's profits jump 58% in 2022 to 154.6 billion riyals
The net profits of the state-run Qatar Energy Company jumped in 2022 by 58% on an annual basis to 15... Read more
UAE Markets
ADNOC raises the offer to acquire the German “Covestro” to 11 billion euros
The Abu Dhabi National Oil Company has raised its offer to acquire Covestro to about 11 billion euro... Read more
World Markets
Gold fell from its highest level in 6 weeks due to the rise in the dollar
Gold prices incurred losses in early trading on Wednesday, after touching the highest level in a mon... Read more
World Markets
Crude oil futures rose during the Asian session
Crude oil futures rose during the Asian session on Tuesday. According to the New York Mercantile Exc... Read more
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