Browsing: GCC

Saudi Tadawul Group (Tadawul) has agreed to purchase a 32.6 percent stake in Dubai Mercantile Exchange (DME) for $28.5M (SAR 107M), becoming the joint largest shareholder alongside US-based CME Group.

IPOs in the Gulf experienced a 55% decline last year, as indicated by data from Kuwait Financial Centre “Markaz.”

Saudi Arabia has recently introduced new visa categories with the aim of attracting investors and skilled individuals globally. Within these categories, the Premium Residency initiative provides an opportunity for entrepreneurs to acquire long-term residency visas and enjoy various benefits while contributing to the kingdom’s development.

Women First Jobs, the pioneering Women-Only Job Portal, has officially launched, representing a significant moment…

Shares in Aster DM Healthcare rose by over 12% and reached a 52-week high of Rs 449.70 on the NSE this Tuesday, in response to the company’s declaration of plans to consider distributing dividends to shareholders. This decision follows the sale of a majority stake in its GCC (Gulf Cooperation Council) business.

Qatar Airways recently celebrated its inaugural flight to AlUla in Saudi Arabia. The journey included a distinguished VIP delegation, featuring Sheikh Abdulrahman bin Hamad bin Jassim Al Thani, the Minister of Culture of the State of Qatar.

The cost of Kuwaiti oil increased by $1.79 to $81.22 per barrel on Friday, compared to the $79.43 pb reported on Thursday,

Kuwait’s Central Agency for Information Technology and IDC join forces, unveiling the future of IT…

Saudi Arabia has introduced an array of ambitious projects aimed at reshaping the nation into a global economic force. These initiatives, involving substantial investments in the billions of dollars, are designed to diversify the economy, generate employment opportunities, and position the country as a premier destination for trade and tourism.

Qatar has recently sealed a landmark five-year agreement to supply Shell in Singapore with an annual quota of up to 18 million barrels of oil. This marks a notable milestone for the Gulf state’s energy sector, as QatarEnergy announced it as their first-ever extended crude sales deal.