Saudi Arabia reported a SAR57.5bn ($15.3bn) budget surplus in the first quarter as officials kept spending restrained despite surging oil...
Economy
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Saudi Aramco’s profit soars as oil prices and production jump
Saudi Aramco posted the highest profit since its record stock-market listing, after oil prices surged in the wake of the Russian-Ukrainian...
Saudi Arabia’s GDP grows 9.6 per cent in Q1 2022
Saudi Arabia’s General Authority for Statistics (GASTAT) has published its flash estimates of the kingdom’s Gross Domestic Product (GDP)...
Kuwait seeks to invest $750m in Pakistan projects
Kuwait-backed units are planning several projects in Pakistan valued at $750m, marking one of the largest proposed investments in the South...
Airbnb says employees can work remotely forever
Airbnb said on Thursday that its employees would be permanently able to work from anywhere – including their home, the office or while...
Indonesia, UAE sign reinsurance agreement to boost bilateral trade
UAE federal export credit company, Etihad Credit Insurance (ECI), and its Indonesian counterpart, Indonesia Re, have signed a reinsurance...
Sharjah’s GDP rises by 4.8% in 2021, shows DSCD survey
Official data published by Sharjah’s Department of Statistics and Community Development (DSCD) revealed that the emirate’s gross domestic...
Dubai business park operator Tecom plans book-build IPO
Dubai’s Tecom Group, the business park operator that houses offices of more than 6,000 companies, approved a plan to convert itself into a...
Arab Monetary Fund forecasts 5% growth for Arab economies in 2022
The Arab Monetary Fund has released the 16th edition of the Arab Economic Outlook Report, featuring macroeconomic forecasts for Arab...