Last year, central banks added a net 1,037 tons of gold to their reserves, just slightly below the record of 1,082 tons…
Read More »An international scheme to tax the wealth of the world’s 3,000 billionaires is technically feasible and could net up to $250bn a…
Read More »Saudi Aramco controls 259 billion barrels worth of oil and gas reserves, which is unmatched by any other company globally.…
Read More »Dubai has approved an integrated project to develop the emirate’s rainwater drainage network costing 30 billion dirhams ($8.2 billion). The…
Read More »Oman is set to build a ‘Film City’ costing more than OMR 12 million ($31.2 million) to boost its entertainment…
Read More »The Bahraini Ministry of Finance and National Economy has announced a reduction in government spending on foreign salaries, cutting over…
Read More »A future less reliant on oil. Bahrain is envisioning this journey by betting big on its vibrant tourism industry. Consequently,…
Read More »An expatriate project manager has successfully sued a construction company in Bahrain for unpaid wages and overtime hours. The court…
Read More »Following a fire that devastated Manama’s Old Souq, causing millions of dinars in damage and impacting numerous businesses, calls are…
Read More »Chipmaker Nvidia is now the world’s most valuable company, which means its time for an update to our frequent “trillion-dollar…
Read More »Wizz Air Abu Dhabi has announced a 15 percent discount on bookings made on June 20 for travel between July…
Read More »The balance of loans from banks operating in the UAE to small and medium-sized enterprises reached AED81.7 billion by the…
Read More »The UAE will attract more new millionaires this year than any other country, according to the Henley Private Wealth Migration Report 2024.…
Read More »Bahrain’s economic stability is evident in its remarkably low inflation rate, securing the country the 11th position globally, according to…
Read More »More than 6,700 millionaires will relocate to the UAE this year, putting the Emirates at the top of all the…
Read More »When it comes to ambition, Dubai is unparalleled—what it wants, it gets! Back in November 2019, Dubai Police hinted that…
Read More »Inflation in Saudi Arabia remained steady at 1.6% year-on-year in May, marking the third consecutive month at this rate, according…
Read More »The International Monetary Fund (IMF) noted that the unemployment rate in Saudi Arabia is recording historic lows. The IMF forecast…
Read More »Etihad Airways airline carried 1.5m passengers in May 2024 and saw its passenger load factor average out at 84 per…
Read More »Flyadeal, Saudi Arabia’s rapidly growing low-cost airline, has announced the delivery of its newest Airbus A320neo, marking a significant milestone…
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