GCC MENA Edition
Latest News
Saudi's Samba bank 2018 profit up 10%, meets forecasts
The bank made a profit of $1.47bln for the year
Saudi's Energy Minister visits Barakah Nuclear Energy Plant
As of the end of November 2018, the overall construction completion rate for the Barakah plant is more than 91%
Dubizzle will not change its brand name after sale to Naspers: Company GM
Naspers' subsidiary OLX bought remainder of dubizzle for $190mln last April; news about the deal was reported in the UAE by Wamda and other media outlets earlier this month
Egypt closes two ports due to bad weather
The ports of Suez and Zeitiyat in the governorate of Suez were closed at 2:00 p.m. local time.
Eni signs exploration, production accord with Oman
Exploration operations are expected to start in 2019
Dubai explores new retail partnerships in New York
Dubai Chamber of Commerce and Industry delegation participates in world's largest retail expo in New York
Groundwater Atlas to promote efficient water resource management in Abu Dhabi
The findings will assist authorities in improving and promoting the efficient use of water resources
Saudi student leads new wave of female Uber drivers
A 23-year-old Saudi university student is spearheading a new wave of women taxi drivers in the Kingdom
Dubai launches 'Youth Council' to empower young Emirati talent
Move falls in line with the government's directives to empower Emirati youth to serve as pioneers in building the future of the UAE.
Dubai Islamic Bank set to raise $750mln in sukuk
The Additional Tier 1 sukuk are perpetual, meaning they lack a maturity date, and are non-callable for a six-year period
Insights
GCC economies to focus more on diversification
Large amount of debt worldwide a fundamental concern for many economists
Do not let home equity sink your US college aid package
How U.S. schools calculate financial aid is so confusing that there is an entire industry devoted to unlocking its secrets
Hedge funds dump crude and diesel as economic outlook darkens: Kemp
Hedge funds are cautious on the outlook for oil prices
