Friday, May 2, 2025

Finance

Israel-UAE flights ‘delayed to January’

Flights were dues to start in October, but were slated because of COVID-19 numbers rising The air link announced after the two states signed the deal at the White House last month aims to open up tourism and new business...

Oil prices fall as supply concerns ease

US producers begin restoring output after Hurricane Delta; Norwegian strike affecting production ends LONDON: Oil prices fell on Monday as force majeure at Libya’s largest oilfield was lifted, a Norwegian strike affecting production ended and US producers began restoring output...

NCB and Samba announce merger to form Saudi Arabia’s $220 billion mega-bank

Merger of NCB and Samba creates ‘national champion and regional powerhouse’ DUBAI: Two of Saudi Arabia’s biggest banks signed a deal on Sunday for a merger to create a “national champion” for the Kingdom and a “regional powerhouse” for the...

Arab News launches new ‘Research and Studies Unit’ in Riyadh

Experts will produce research studies and by-invitation roundtable discussions and policy briefings would be held at the new unit RIYADH: Arab News, the Middle East’s leading English-language daily, has announced the establishment of a new Research and Studies Unit (RSU)...

Investcorp sells UK industrial properties for £53.5m

Blackstone's last-mile logistics real estate unit Mileway acquires the seven-asset portfolio Bahrain-listed alternative investment management firm Investcorp completed the sale of a portfolio of seven industrial real estate assets in the UK to Mileway, a pan-European last-mile logistics real estate...

Outgoing Royal Jordanian CEO sees more airline consolidation with regional travel set for faster recovery

Weaker carriers are likely to exit the market with possibly more regulation setting into the industry post the pandemic The airline industry will see a revival of local and regional travel before long-haul routes rebound, in line with International Air...

Saudi Arabia’s NCB and Samba agree to $15bn merger that will create kingdom’s largest lender

Tie-up will create the third-largest bank in the Arab world, with $223bn in assets National Commercial Bank, Saudi Arabia’s biggest lender, agreed to merge with Samba Financial Group in a deal that will create the Arab world’s third-biggest banking entity...

FTA introduces new version of eDirham system to pay taxes

Tax registrants have until October 31 to register with the new platform The Federal Tax Authority of the UAE on Monday introduced a new version of the eDirham system in an effort to collect tax payments without interruption. UAE tax registrants...

Middle East business aviation show postponed amid COVID-19 concerns

The event was initially planned for this December Dubai: The Middle East and North Africa Business Aviation Association (MEBAA) show has been postponed to 2021 due to concerns related to the COVID-19 outbreak, the event’s organizer said. The show will now...

Visa: How to reduce the costs of running an online business

The easiest way to cut expenses is to save on customer acquisition In a highly competitive e-commerce market, a healthy bottom line means everything to online business owners when it comes to shaping the future of their venture. Innovative technology infrastructure...

Latest News

MoHRE clarifies refund rules for domestic worker recruitment fees

Abu Dhabi: The Ministry of Human Resources and Emiratisation (MoHRE) has outlined the specific conditions under which domestic worker...

Today Gold Rate in Dubai (UAE) in Dirham, 2nd May 2025

Today Gold Rate in Dubai (UAE) Today Per tola is AED 4,537.22 while 24k Per 10 Gram gold price is AED 3,890.00. Usually people...

Today Gold Rate in Saudi Arabia – 2nd May 2025

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 4,665.52 while 24k Per 10 Gram gold price is SAR 4,000.00 Usually...

Today Gold Rate in Qatar – 2nd May 2025

Today Gold Rate in Qatar Today Per tola is QAR 4,554.72 while 24k Per 10 Gram gold price is QAR 3,905.00. Usually people opt...

Today Gold Rate in Oman – 2nd May 2025

Today Gold Rate in Oman Today Per tola is OMR 476.47 while 24k Per 10 Gram gold price is OMR 408.50. Usually people opt...