Business & Money | Sunday 27 August, 2023 10:12 am

AI in Hedge Funds: Exploring the Path Towards Automated Investments

In the competitive world of hedge funds, technology has been leading a silent revolution. The key protagonist: Artificial Intelligence (AI). Like successful traders who instinctively know when to buy and sell, AI systems are now making these crucial decisions. This technology not only optimizes...

More Details

Business & Money | Sunday 27 August, 2023 10:11 am

How to Trade and Invest in Bitcoin Derivatives

As cryptocurrencies continue to make their mark on the financial world, more and more investors are looking for ways to trade and invest in these assets. One popular way to do so is through Bitcoin derivatives. Bitcoin derivatives trading involves betting on the future price of Bitcoin, without...

More Details

Business & Money | Sunday 27 August, 2023 9:53 am

Stock Market Investing for Novices: An All-inclusive Guide

Investing in the stock market can be a lucrative venture, but it can also be daunting for novices. With so much information and jargon to navigate, it's easy to feel overwhelmed. That's why we've put together this comprehensive guide to help you understand the basics, why you should invest, how to...

More Details

Business & Money | Sunday 27 August, 2023 9:46 am

Saudi Real Estate Market opens today

Saudi Arabia’s Ministry of Justice will launch the Real Estate Market today, Aug. 27.   In November 2021, the Ministry started the trial operations of the real estate market, including direct transactions, real estate bids, new deals, information on sukuk and mortgages, Argaam...

More Details

Business & Money | Sunday 27 August, 2023 9:41 am

QNB opens new branch in Jeddah

Qatar National Bank (QNB) has expanded its presence in Saudi Arabia with the opening of a new branch in Jeddah.   Abdulla Mubarak Al-Khalifa, QNB Group CEO, said that Jeddah is one of the region's most important economic markets, making the new branch a valuable addition that...

More Details

Business & Money | Sunday 27 August, 2023 9:35 am

stc's TAWAL gets approvals to acquires 3 tower firms in Bulgaria, Croatia, Slovenia

stc said its subsidiary Telecommunications Towers Co. (TAWAL) received all the necessary approvals to acquire a portfolio of tower assets from United Group, which includes sites in Bulgaria, Croatia and Slovenia. Accordingly, the acquisition completed on Aug. 24, the telecom services ...

More Details

Business & Money | Saturday 26 August, 2023 3:38 am

Oil rises, heads for second weekly drop

Oil rose today, Aug. 25, but heads for the second weekly decline after ending a seven-week gains last week.   Brent crude for October delivery rose 0.35%, or 30 cents, to $83.66 a barrel at 8:02 am Makkah Time.   The US West Texas Intermediate (WTI) benchmark for...

More Details

Business & Money | Saturday 26 August, 2023 3:34 am

Lumi issues prospectus to list 16.5 mln shares on TASI

Lumi Rental Co. issued today, Aug. 24, its prospectus to float 16.5 million shares, or 30% of its SAR 550 million capital, on the Saudi Exchange (Tadawul). The Capital Market Authority (CMA) approved on March 31, the application submitted by Lumi Rental to float shares on...

More Details

Business & Money | Saturday 26 August, 2023 3:25 am

Dubai Maritime Authority launches Maritime Consumer Rights campaign

The Dubai Maritime Authority (DMA) of the Ports, Customs and Free Zone Corporation, today launched a new “Know Your Rights” campaign designed to strengthen the consumer rights of Traders & Beneficial Cargo Owners (BCOs) across one of Dubai’s most important sectors.As a government...

More Details

Business & Money | Saturday 26 August, 2023 3:20 am

DP World to invest $510 million to develop Tuna-Tekra mega-container terminal in India

DP World today signed a concession agreement with the Deendayal Port Authority to develop, operate and maintain a new 2.19 million TEU per annum mega-container terminal at Kandla in Gujarat on India’s western coast.The concession agreement was signed between S. K. Mehta, Chairman of Deendayal...

More Details