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UAE exchanges 'allowed to raise remittance fees by 15%'The Foreign Exchange and Remittance Group (FERG) has said exchange houses under UAE’s jurisdiction have received approval to implement an optional fee adjustment of a minimum of 15% which equates to AED2.50 ($0.68). This marks the first More… |
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Gulf central banks raise key rates after Fed hikeThe central banks of Saudi Arabia, UAE, Kuwait, Qatar and Bahrain have decided to raise their interest rates, tracking a hike in the US Fed's benchmark rate. The move came as the US Federal Reserve raised i More… |
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Household savings reach extraordinary levels: dataHouseholds’ habits have globally changed during Covid, triggering explosion in their savings, according to published data. Although personal savings has been on the rise since the financial crisis of 2007 More… |
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Dana Gas to hike annual dividends by 27pc payable twice yearlyDana Gas' Board of Directors has decided to increase the company’s annual dividend by 27% in light of its robust and steadily growing financial performance. The Board has determined to pay divid More… |
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Dana Gas to hike annual dividends by 27pc payable twice yearlyDana Gas' Board of Directors has decided to increase the company’s annual dividend by 27% in light of its robust and steadily growing financial performance. The Board has determined to pay divid More… |
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Dana Gas to hike annual dividends by 27pc payable twice yearlyDana Gas' Board of Directors has decided to increase the company’s annual dividend by 27% in light of its robust and steadily growing financial performance. The Board has determined to pay divid More… |
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Bahrain Hajj operators concerned over 'pilgrimage fee hike'Hajj operators in Bahrain have raised concerns over the unexpected hike in fees for pilgrimage services issued by the authorities in Saudi Arabia, which will impact the overall travel cost and could result in financial losses, said a report. More… |
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Madinah room prices skyrocket during EidHotel room prices in Madinah, Saudi Arabia skyrocketed during Eid as thousands of visitors from across the kingdom travelled to the holy city for the holidays, said a report. The prices of accommodation in Madinah vary depending o More… |
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UAE raises May gasoline, diesel pricesThe UAE will raise domestic prices for gasoline and diesel in May after global oil prices increased, the ministry of energy said on Thursday. The price of a litre of octane 95 gasoline will rise to Dh1.67 ($0.46) at the start of n More… |
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Saudi fuel subsidy reforms are 'credit positive'Saudi Arabia has revealed a series of fuel-related subsidy reforms that are credit positive for the sovereign, as they will lower current expenditures and bolster government finances dented by the downturn in global oil prices, while reducing More… |
