RIYADH: Air transport from the UAE to Saudi Arabia surged 13 percent in March compared to the previous month, driven by rising demand due to Ramadan. According to the UAE’s General Civil Aviation Authority, weekly flights from the UAE to the Kingdom reached 383 in March, from around 338 the previous month. The Hajj season is … Read more
RIYADH: Saudi Arabia’s money supply surged 10 percent in January to reach SR2.72 trillion ($726 billion), the central bank data showed. The growth was primarily driven by a substantial rise in banks’ term and savings accounts, which recorded a rise of 31 percent to reach SR864.32 billion. The overall figure, however, also includes currency outside … Read more
RIYADH: The global merger and acquisition market witnessed a 15 percent drop year-on-year to $3.2 trillion in 2023, marking its lowest level in a decade, according to recent findings. Dealmakers grappled with several obstacles, including high interest rates, increased regulatory scrutiny, and mixed macroeconomic signals, forcing them to be more selective in their pursuit of … Read more
LONDON: Tensions among Israel’s leadership were recently brought to the fore when the Israel Defense Forces announced they were moving ahead with a probe into intelligence and security failures ahead of the Hamas attack on Oct. 7. The decision marked a significant departure from the previously unified position of Israel’s political and military elites, which … Read more
RIYADH: Of late, businesses in the Gulf Cooperation Council region have become more inclined toward pooling their resources to achieve operational efficiency and maximize profits. The trend of mergers and acquisitions in the GCC is expected to rise, said Moody’s in March 2023. Nearly one year on, the global rating agency’s prediction seems to be spot-on. … Read more
DUBAI: Tommy Fleetwood recorded eight birdies in a flawless third round at the Dubai Invitational on Saturday to take a one-shot advantage over halfway-leader Rory McIlroy. Four birdies over the first six holes set Fleetwood up for an eight-under 63 as the Englishman produced another flurry of birdies just after the turn. He goes into … Read more
RIYADH: Mohamed Saleh has won the big prizes for his club, leading Liverpool to the UEFA Champions League in 2019 and the English Premier League a year later. Add the Club World Cup and a few other trophies and personal awards and the list is impressive. There is something missing however, as everyone in Egypt … Read more
RIYADH: The number of e-commerce firms in Saudi Arabia shot up 24 percent in the fourth quarter of 2023 compared to the same period of the previous year, official data showed. The latest data released by the Ministry of Commerce revealed that the total number of registered firms in the country reached 37,481 in the … Read more
RIYADH: Oman’s residential real estate market witnessed a notable surge, with residential land prices leading the overall index to a 2.5 percent increase in the third quarter of 2023, according to the National Center for Statistics and Information. The latest data released by the NCSI revealed a 7.1 percent growth in the residential land price … Read more
RIYADH: Jordan’s inflation rate has surged 2.13 percent from the beginning of this year until the end of November to reach 108.95 when compared to the same period in 2022, according to newly released statistics. Figures from the Jordanian Department of Statistics indicate that the index for fuel and lighting group increased by 6.76 percent, … Read more