investment

Central Bank of Oman raises OMR29.45 mn through T-bills allotment

T-bills with a 28-day maturity were valued at OMR10 mn

New AI-powered space technology company launches in Abu Dhabi

Company's implied market capitalization stands at $4 bn

Oil prices decline amidst rise in U.S. inventory, global trade concerns

Crude prices face headwinds as market focus shifts to slow demand and trade disruptions

Saudi Arabia raises SAR10.55 bn in local sukuk in December

The total volume of bids amounted to approximately SAR14.125 billion

CBUAE budget balance reaches AED647.6 billion in October

Balance sheet includes AED283.9 billion in cash and AED206 billion in investments

SAR262.7 billion credit facility extended to SMEs in Saudi Arabia

Banking sector contributed the largest volume of credit facilities, with an estimated value of SAR245.3 billion

IIF: GCC gross foreign assets set to reach $4.4 trn by 2024

GCC's foreign asset projections and shifting investment strategies

Abu Dhabi’s Bayanat, Yahsat announce merger, creating global space tech powerhouse

$4.08 bn combined marker capital positions merger as key player in the evolving space economy

UAE, Qatar trade grows 68 percent, reaches AED 521 million

Main exports include ships, boats, iron, steel and mineral oils

UAE’s Positive Zero secures $400 mn funding to promote sustainable energy adoption in GCC

Investment to boost Positive Zero's energy transition projects in the Gulf countries