In a sizable flow to strengthen the UAE’s function in shaping the destiny of worldwide virtual finance, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE, held a pivotal assembly today with Oliver Jenkyn, Group President of…
RIYADH: Saudi Arabia’s real estate price index edged up by 1.7 percent in the second quarter of 2024, compared to the same period last year, driven by a surge in residential sector costs, official data showed. According to the General Authority for Statistics, housing sector prices increased by 2.8 percent year-on-year in the second quarter,…
RIYADH: Saudi e-commerce sales using Mada cards reached SR14.11 billion ($3.76 billion) in February – an annual increase of 25 percent, the Kingdom’s central bank has revealed. This figure includes transactions through online shopping, in-app purchases and e-wallets, and excludes transactions by Visa, MasterCard and other credit cards. Mada serves as Saudi Arabia’s national card payment…
Saudi Arabia’s Crown Prince Mohammed bin Salman made a call on Wednesday to Iraq’s Prime Minister Mohammed Al-Sudani, the Saudi Press Agency said. The pair discussed ways of enhancing bilateral relations in all fields. The call also reviewed issues of mutual interest.
Saudi Arabia’s Crown Prince Mohammed bin Salman has made a call to Russian President Vladimir Putin, the Saudi Press Agency said early Thursday. The pair discussed ways of enhancing bilateral relations in all fields. The call also reviewed issues of mutual interest.
Saudi Arabia has raised a total of $12.35 billion from a secondary share sale in Aramco, after the Saudi oil giant exercised an over-allotment option, a document seen by Reuters showed. The deal is the culmination of a years-long effort to sell another chunk in one of the world’s most valuable companies after its record-setting IPO in 2019. It comes…
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan received a phone call from his new British counterpart David Lammy on Tuesday. During the phone call, Prince Faisal congratulated Lammy on his new role after the Labour Party’s landslide election win last week. The two ministers discussed strengthening Saudi-British relations and joint cooperation between the two…
Saudi Foreign Minister Prince Faisal bin Farhan called on Tuesday for an immediate ceasefire in Gaza and “a renewed commitment to dialogue and negotiation guided by the principles of justice, equality, and mutual respect.” Addressing the Gulf Research Meeting 2024 virtually, Prince Faisal said: “The ongoing violence and bloodshed in Gaza serves as a stark…
Hasan Al-Jawad is the head of partnership at MIS Pay in Riyadh, a position he has held since March. MIS Pay is the first licensed ‘buy now, pay later’ system in Saudi Arabia. It is owned by Al-Moammer Information Systems, a publicly listed company. Al-Jawad manages its partnership and business development team. His responsibilities include…
A Qatari firm is set to acquire a mobile communications subsidiary from the Kazakh national telecommunications operator for $1.1bn. On Tuesday, the Kazakh government announced that Kazakhtelecom is selling Mobile Telecom Services (MTS) to Qatar’s Power International Holding (PIH). The announcement was made during a government weekly briefing by the Kazakh Minister of Digital Development, Zhaslan Madiyev, who described…
