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
Saudi Electricity expects joint local murabaha financing of 9 billion riyals
The Saudi Electricity Company announced on Wednesday that it had signed a joint local murabaha fina... Read more
Gulf Markets
ACIG General Assembly Approves 29.5% Capital Reduction
The general assembly of the United Cooperative Insurance Group (ACIG), in its meeting held on Wedne... Read more
Gulf Markets
Amiantit reduces statutory reserves to amortize part of the accumulated losses
Saudi Arabian Amiantit Company announced the reduction of the statutory reserve to extinguish part... Read more
World Markets
Volkswagen is testing self-driving cars in China
The German automaker Volkswagen has announced that it will begin testing self-driving vehicles,... Read more
World Markets
Russia tries a Corona vaccine on 40,000 people
Russia is starting a new phase of clinical trials of the new Sputnik-5 vaccine against the emerg... Read more
Gulf Markets
Kingdom Holding loses 1.12 billion riyals in the second quarter
Saudi Kingdom Holding Company turned to losses in the second quarter of 2020 to record losses of... Read more
World Markets
American Airlines plans to terminate 19,000 workers
American Airlines (American Airlines) intends to terminate the services of 19 thousand of its em... Read more
Gulf Markets
Saudi "SABB" increases its losses 3400% in the second quarter
The Saudi British Bank (SABB) increased its losses by 3400% to reach about 6.8 billion riyals in... Read more
World Markets
$ 900 billion in projected losses for tourism in 2020
The Secretary-General of the United Nations, Antonio Guterres, confirmed that the movement of fo... Read more
UAE Markets
9.76 billion dirhams have liquidity from the Gulf in the UAE market since the beginning of the year
The UAE capital markets recorded a circulation of liquidity for Gulf investors, worth 9.76 billi... Read more
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