The company plans to sell 3 billion shares at a price of 32 riyals per share.

Lebanon’s central bank plans to slash interest rates in an attempt to ease the country’s economic crisis and is considering formalizing temporary capital controls set individually by local lenders. Governor Riad Salameh told the Association of Banks in Lebanon that he will issue a circular within days to lower rates “to revive the economy” and […]

Apple Inc. is taking delivery this month of the first batch of carbon-free aluminium produced by a Montreal-based venture, helping move the iPhone maker closer to its greenhouse-gas reduction goal. Elysis, a joint venture between Rio Tinto Group and Alcoa Corp. backed by Apple, uses new technology that emits pure oxygen when producing aluminium. Apple […]

Dubai: In a slight departure from its more traditional allocations, Saudi Arabia’s KBW Ventures has participated in a $1.2 million seed funding of a US based pet food business. KBW, incidentally, has a major presence in the UAE real estate landscape through a sister company, which is an equal shareholder in the Sharjah-based developer Arada. […]

The life-saving intitiative was conducted under the leadership of the Department of Health Abu Dhabi.

MUMBAI: High inflation prevented India’s central bank from cutting rates for a sixth time on Thursday, while it slashed its annual growth forecast as the government struggles to jump-start the economy. The news will deal a blow to Prime Minister Narendra Modi, who is coming under pressure seven months into his second term to tackle […]

ABU DHABI: The Central Bank of the UAE denied today the claims of an article published on a “potentially fraudulent website,” which said that the Governor of the Central Bank endorses a private “cryptocurrency trading platform.” The article, which was published on 4th December, 2019, contains false information, the CBUAE said in a statement, adding […]

According to the Met, the country is affected by an extension of surface low pressure system.