Business Blog

Vice-President and Head of Cultural Heritage, Handicrafts and Tourism Organiation Massoud Soltanifar announced that the flow of the foreign tourists to Iran has witnessed a 200-percent growth.

China and the UK start direct trading of the yuan against the pound, in a move that will help reduce currency conversion costs.

Dubai has ranked in the top three most popular destinations among high-net-worth Chinese travelers, rising from 8th place in 2013 to 3rd place in 2014.

Managing Director at the Egyptian Takaful Insurance (Properties) Ahmed Arfeen revealed that Gulf Insurance Group eyes boosting its consumption rate from 17% to 60%.

Banque Saudi Fransi, the kingdom's fourth-largest listed lender, has completed a capital-boosting sukuk issue worth SAR 2 billion (USD 533 million), it said.

Banque Saudi Fransi, the kingdom's fourth-largest listed lender, has completed a capital-boosting sukuk issue worth SAR 2 billion (USD 533 million), it said.