Finance
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US banks face windfall due to progress in Covid-19 vaccine
After positive trial data from Pfizer and BioNTech on Vaccine, US banks are in line for windfall that widened the…
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South Africa and Saudi Arabia economic reform agenda
South Africa is to set about an ambitious economic reform agenda that has similarities with Saudi Arabia’s efforts to stimulate…
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Oman Banks called on to adopt fintech and open banking
Oman Banks Association (OBA) has advised lending institutions in Sultanate to welcome few technological innovations in global banking and financial…
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Fintech Saudi, Flat6Labs Launch Accelerator Program
Fintech Saudi and Flat6Labs have launched the Fintech Accelerator, a unique innovation and entrepreneurship program. Fintech Saudi is an initiative launched…
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Dubai’s Aramex Estimates $15M Losses From Beirut Blast, Moroccan Blaze
Logistics giant Aramex said today it will make a non-recurring provision of $15.1 million for disruption caused to its business by…
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Abu Dhabi Fund Acquires Stake in India’s Reliance for $752M
The Abu Dhabi Investment Authority (ADIA) sovereign wealth fund has purchased 1.2% stake in India’s Reliance Retail Ventures for $750…
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Saudi To Increase VAT: What Will Be The Impacts & Repercussions?
The Kingdom of Saudi to increase VAT discontinue the value of living allowance and increasing VAT to fifteen percent from…
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Saudi Arabia To Raise VAT Threefold Amid Austerity Measures
RIYADH (Reuters) – Saudi Arabia To Raise to triple its price delivered rate and suspend a fee of dwelling allowance…
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US Treasury Borrows USD 3 trillion.
During the April-June quarter, the US Treasury Borrows 3 trillion in privately-held net marketable debt, assuming an end-of-June cash balance…
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Boeing Shares Tank: Planemaker Seeks $60 Billion.
Boeing will be eligible for a $ 500 million distribution by Treasury Minister.
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