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
Elm increases its profits by 77% in the second quarter of 2022
Elm's quarterly profits increased by 77% in the second quarter of 2022, to 195 million riyals, compa... Read more
World Markets
China's foreign exchange reserves rise to $3.104 trillion
Official data showed that China's foreign exchange reserves rose unexpectedly in July. According to... Read more
Crypto currencies
Hackers implicated in the disappearance of $4.8 million from a cryptocurrency exchange
Blockchain investigative firm Picshield reports that nearly $4.8 million in cryptocurrency has been... Read more
Crypto currencies
Chinese bank issues first-ever digital yuan loan
The Agricultural Commerce Bank of Zhangjiagang, located in the Chinese province of Suzhou, announced... Read more
World Markets
Official: The Fed is unlikely to cut interest rates next year
Minneapolis Federal Reserve Bank President Neil Kashkari said on Wednesday that the possibility of t... Read more
World Markets
US oil stocks rise 4.5 million barrels in a week
US oil inventories rose against expectations last week, while gasoline inventories rose. Data from t... Read more
UAE Markets
Amlak Finance's profits jump in the first half to 266 million dirhams
The financial statements of Amlak Finance, which is 45% owned by Emaar Properties, revealed that the... Read more
Gulf Markets
1.6 billion riyals, profits of "Riyadh Bank" in the second quarter
The financial statements of Riyad Bank revealed an increase in the bank’s profits in the second quar... Read more
World Markets
Robinhood plans to lay off 23% of employees after recording losses in the second quarter
Online brokerage Robinhood plans to lay off nearly a quarter of its staff, citing the continued dete... Read more
Crypto currencies
Italy's Gucci becomes first major brand to accept IPcoin payments
Italian high-end fashion giant Gucci has become the first major brand to accept payments in the APE... Read more
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