Finance

UAE net wealth hit $2.9tn last year

the financial - 4 December, 2024

The UAE is well-established as a hub for the super-rich and the introduction of generative AI could create further wealth boomThe UAE’s net wealth...

Dubai real estate sector recorded $3.7bn of transactions last week, including Palm Jumeirah apartment sold for $21.4m

the financial - 4 December, 2024

The Dubai real estate sector saw $3.7bn of transactions last week The Dubai real estate sector recorded AED13.55bn ($3.7bn) of transactions last week, according to data from...

Dubai: Gold prices drop in early trade

the financial - 4 December, 2024

Gold prices fell in Dubai at the opening of the markets on Tuesday after yesterday’s roller-coaster ride. The Dubai Jewellery Group data showed a 24K...

Finance

Saudi B2B Fintech Mala Secures $7 Million Seed Funding

the financial - 28 October, 2024

Mala, a Saudi-based B2B platform, has successfully closed a $7 million (26.25 million Saudi Riyals) pre-seed funding round. The investment was led by VentureSouq, with...

Finance

IMF predicts slightly slower global growth in 2024 and 2025

the financial - 25 October, 2024

Global growth is expected to ease slightly to 3.2 percent this year and remain at that level in 2025, the IMF announced Tuesday, while...

Finance

TASI records lowest volume of trading in a month, falling to 11,883 points

the financial - 21 October, 2024

RIYADH — Tadawul All Share Index (TASI), the Saudi main stock index, ended the first session of the week on Sunday down 24.5 points (0.2...

Finance

Volume of investments accounts for SR18 billion in KAEC

the financial - 21 October, 2024

JEDDAH — Makkah Deputy Emir Prince Saud bin Mishaal received Fahad Al-Saif, chairman of Emaar, The Economic City, the main developer of King Abdullah Economic...