RIYADH: On the Kingdom’s east coast is a bustling fish market, a testament to the region’s rich maritime heritage and farming practices that have passed down through generations. Established in 1947, the Qatif Central Fish Market was spearheaded by a local group of experienced individuals led by the late Hassan Kofair, who played a pivotal…
MUSCAT: Gold traders and jewellers in the Sultanate of Oman have expressed cautious optimism about a potential surge in gold purchases by Indian expatriates following the Indian government’s decision to reduce customs duties on gold and silver from 15 percent to 6 percent. Local traders believe that this reduction will encourage expatriates to buy more gold,…
RIYADH: The Kingdom’s capital has experienced a significant surge in apartment rental prices in recent years, making it increasingly difficult for many residents to afford suitable accommodation. This sharp rise in rental costs has led to a growing trend among Riyadh’s population to prioritize home ownership over renting, as they seek to gain more stability…
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 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…
Diriyah Company is bringing a taste of Saudi culture and heritage to upmarket London department store Harrods this month, in the form of an exclusive pop-up exhibition highlighting the $63 billion mega-development project underway in Diriyah, the historic birthplace of the Kingdom. The immersive experience, which opened on Monday and continues until July 26, aims…
Gold prices inched higher in UAE at the opening of the markets on Thursday. According to Dubai Jewellery Group data, the 24K variant of the yellow metal was trading at Dh280.25 per gram on Thursday as compared to Dh279.75 per gram at the close of the markets on Wednesday. Among the other variants, 22K opened…
Gold prices were steady in the UAE on Wednesday morning after losing half a dirham per gram on Tuesday. As of 9am, UAE time, the 24K variant of the precious metal was trading at Dh280.75 per gram in Dubai while 22K, 21K and 18K were trading at Dh260, Dh251.75, and Dh215.75 per gram, respectively. Terence…
The UAE and Saudi Arabia have been ranked first and third respectively in the Global Entrepreneurship Monitor report for 2023-2024. The report, which assesses the entrepreneurial ecosystems of countries worldwide, is highly regarded by international bodies such as the World Bank, International Monetary Fund and various UN organizations,Saudi Arabia showed significant progress in its entrepreneurial…
رحب سوق دبي المالي اليوم بالإدراج الناجح لشركة باركن ش.م.ع. (“باركن”)، المشغل الحصري لمواقف السيارات العامة في دبي والذي يتمتع بسجل حافل يمتد لثلاثة عقود. يمثل هذا الإدراج أول طرح عام في سوق دبي المالي في عام 2024، ويواصل هذا الإدراج المهم استراتيجية تطوير أسواق رأس المال القوية في الإمارة لطرح الكيانات الحكومية والمرتبطة بالدولة…
