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Driving down car loan debt

With a population of just five million,...

How Geopolitical Events Impact Global Financial Markets

Overview of Geopolitical Events Geopolitical events, ranging from...

UAE salaries set to rise 5.1% next year – report

Average salaries in the UAE are expected...
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Theo Mitchell

Theo Mitchell, a writer from Edinburgh, focuses on the environmental aspects of vaping. With a keen interest in sustainability, he investigates eco-friendly practices within the vaping industry and promotes responsible consumption.

Bidzi forays into the UAE to revolutionise M&A market for SMEs

GCC countries are actively working to diversify their economies and promote sustainable growth. Whether in Abu Dhabi, Riyadh or Doha, governments are fostering the...

Saudi Arabia’s real GDP shrinks by 0.3% in Q2 2024, oil weighs

Saudi Arabia’s economy contracted by 0.3 per cent in 2023 compared with a year earlier, as a decline in oil activities by 8.9 per...

Kuwait mulls writing off $6bn in citizens’ personal debt

Kuwaiti MPs will this week debate a motion to write-off the interest accrued on Kuwaitis’ loans from local banks taken out prior to the...

QNB board approves QAR2.9bn share buyback program

Qatar National Bank (QNB Group), the biggest GCC lender by assets, said on Thursday that a new $796.7m (QAR2.9bn) stock repurchase authorisation has been approved...

Al Hilal launch Middle East’s first drive-through bank

Al Hilal Bank has launched its Money Station branch in Dubai, introducing the Middle East’s first-ever drive-thru teller system that allows customers to carry...

40% of MidEast execs fail to save each month – poll

More than 40 percent of Middle East professionals fail to save anything from their household income, according to a new survey conducted by Bayt.com. The...

Personal loans will not increase this year, analysts say

The number and size of personal loans in the UAE is unlikely to increase during 2011 in accordance with a conservative approach to retail...

Ex-UAE ambassador named UK’s wealthiest Arab

The former UAE ambassador to Britain has been named as the top-ranked Arab in a Sunday Times list of the 1,000 wealthiest people in...

Yellen says US economy strong, all options open on China’s overcapacity

CHINA OVERCAPACITY Yellen told Reuters no option was "off the table" for dealing with one threat to the U.S. economy - overproduction in China, which...

Vietnam delays launch of new stock trading system

Vietnam will delay the launch of the much-expected new stock trading system initially slated for next week, its State Securities Commission (SSC) said. The debut,...

Sheikh Hamdan launches new RDI grant initiative

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Dubai Executive Council, and Deputy Prime Minister and Minister...

Oman IPO: OQ Exploration and Production to float 25% stake on MSX

OQ Exploration and Production (OQEP), Oman’s largest pure-play oil and gas exploration and production company, has announced plans to float an initial public offering...

Porsche AG posts Q1 profit drop on ramp-up costs

Porsche (P911_p.DE), opens new tab on Friday reported a 30% drop in first-quarter operating profit, citing higher investments in what the German luxury carmaker has called...

Polish finance ministry expects to exceed debt limits in 2026 and 2027

Poland's general government debt is forecast to rise to 60.6% of gross domestic product (GDP) in 2026 and to 63.2% in 2027, according to...

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