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Israel - Gaza Live

Business

News, stories and insights from the Gulf, Middle East and the world, including updates on oil, markets, finance, industry and banking

Amazon Prime Day, offered only to members of the American e-commerce site, is typically held in June in the UAE to boost sales through the platform. Reuters

UAE's Amazon Prime Day sales expected to double this year

BusinessJune 21, 2021, 9:00 AM
Saudi Arabia's Dar Al Arkan is introducing the new technology in collaboration with the Danish 3D construction printer manufacturing company Construction of Buildings on Demand. Photo by ANDRE PAIN/EPA-EFE/Shutterstock

Saudi Arabia's Dar Al Arkan plans to build kingdom's first 3D-printed home

BusinessJune 21, 2021, 8:00 AM
Saudis work at a solar panel factory in Riyadh. Increasing the validity will help to sustain factories and reduce review periods by investors. AFP

Saudi Arabia extends validity of industrial licences to five years

EconomyJune 21, 2021, 7:03 AM
Oil tanks at Saudi Aramco's Ras Tanura oil refinery. The company received more than $60bn worth of orders for its first US dollar-denominated sukuk. Bloomberg

Aramco raises $6bn through first US dollar sukuk

MarketsJune 21, 2021, 5:52 AM
Aerial view of Abu Dhabi. Energy sector deals helped to grow foreign direct investment into the UAE last year. Courtesy: DCT Abu Dhabi

UAE was the world's 15th-biggest recipient of foreign investment last year

EconomyJune 21, 2021, 5:51 AM
The Kingdom Tower in Riyadh. Saudi Aramco closed a $12.4bn deal for its oil pipelines business. Photo: Bloomberg

Aramco closes $12.4bn pipelines deal with EIG-led consortium

BusinessJune 21, 2021, 5:51 AM
The Riyadh skyline. Saudi Arabia Watheeq is launching a $26.7m VC fund to invest in PropTech start-ups. Reuters

Saudi Arabia's Watheeq launches $26.7m PropTech venture capital fund for Mena investments

BusinessJune 21, 2021, 3:30 AM
Sultan bin Sulayem, DP World Group chairman and other executives speaking during the virtual event. Photo: Dubai Customs

Dubai’s external trade to grow further as economy recovers from the pandemic

BusinessJune 20, 2021, 5:41 PM
The Concourse D at Terminal 1 at the DXB, which will be opened for passengers from June 24. Photo: Dubai Airports

Dubai to reopen Terminal 1 ahead of ‘huge’ surge in passenger traffic

BusinessJune 20, 2021, 1:15 PM
Dubai based e-commerce firm The Luxury Closet secured $14 million in new funding. Sarah Dea/The National

The Luxury Closet raises $14m for expansion

BusinessJune 20, 2021, 9:18 AM
People eat a meal at a food court in a New Delhi mall. Inflation is rising in India, driven by higher oil prices. AFP

Surging inflation complicates India's pandemic recovery

BusinessJune 20, 2021, 4:00 AM
A pedestrian walks past residential houses in Notting Hill in London. Britain's stamp duty holiday ends on June 30. Bloomberg

End of stamp duty holiday unlikely to dent Middle East demand for British homes

PropertyJune 19, 2021, 5:00 AM
Shoppers pass the GAP store on Oxford Street in London. Consumers scaled back their shopping in May as they chose to eat out instead. Getty Images

UK retail sales fell 1.4% in May as spending switched to eating out

BusinessJune 18, 2021, 11:24 AM
The country’s economy is expected to grow 2.4 per cent in 2021 and non-oil economy by 4 per cent, according to UAE central bank. Ryan Carter / The National

UAE’s economy is expected to grow 2.4% in 2021, central bank says

BankingJune 17, 2021, 4:05 PM
Emirates will resume services to a number of cities in July. Photo by Justin TALLIS / AFP

Emirates aims to recover close to 90% of its pre-pandemic network by end of July

BusinessJune 17, 2021, 12:30 PM
FILE PHOTO: Saudi woman walks at the Saudi stock market (Tadawul), in Riyadh, Saudi Arabia March 9, 2020. REUTERS / Ahmed Yosri / / File Photo

Saudi Arabia to merge its insurance and pensions funds to create entity with $29bn in holdings

BusinessJune 17, 2021, 12:03 PM
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