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Miscellaneous
Estonia reaches 100 percent digital government services as UAE aims for 2,000 bureaucratic cuts
Both nations are dedicated to advancing digital transformation and enhancing services for citizens
Banking & Finance
ADIB reports record $1.66 billion net profit for 2024, up 16 percent
The Bank's Board recommended a cash dividend per share of 83 fils for 2024, amounting to AED3.030 billion
Energy
Oil prices stabilize at $77.47 amid U.S. inventory data and Trump tariff concerns
Crude prices saw some losses this week amid concerns over weak Chinese economic data
Banking & Finance
EFG Hermes achieves top position in MENA Equity Capital Markets for 2024 through market-leading executions
EFG Hermes topped the MENA equity capital market in 2024 with 11 IPOs and 6 secondary offerings
Banking & Finance
Saudi Arabia’s PIF announces pricing of $4 billion bond offering
Offering was four times oversubscribed, with an order book of approximately $16 billion
Banking & Finance
UAE’s FTA urges natural persons to register for Corporate Tax before March 31
The FTA defines a 'natural person' as any living human being, regardless of age or residence
Banking & Finance
Oman, India sign tax protocol to boost economic relations
India-Oman trade grew to $12.388 billion in 2022-2023
Saudi Arabia
stc secures $8.7 billion contract with government entity for telecom infrastructure services
The contract lasts 18 months for execution, followed by 15 years of operation
Markets
What caused Nvidia’s 17 percent plunge, over $1 trillion stock market loss following DeepSeek’s surge?
Nvidia's value erased about $593 billion in stock market value
Energy
Oil prices climb 0.2 percent to $77.21 after steep losses amid Trump concerns, demand uncertainty
DeepSeek questions the need for data center investments, suggesting fewer centers may lower energy demand
Real Estate
Saudi Arabia permits foreign investment in Makkah, Madinah real estate
The ownership of natural and legal persons jointly who do not hold Saudi nationality shall not exceed 49 percent of the company's shares
Economy
Saudi Arabia Crown Prince, Italy Prime Minister ink agreement to establish Saudi-Italian Strategic Partnership Council
Saudi-Italian high-level roundtable resulted in the signing of 26 memoranda of understanding across key industries
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