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Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

Lulu’s IPO raises $1.72bn

The proceeds make it the largest UAE IPO of 2024 to date.

DAE 9M net profit $310m

The company said this was a 54.9 percent YoY increase in net profit.

Innovation key to solving Gulf water woes

  • World Economic Forum says the Middle East and North Africa is one of the most water-scarce regions in the world.
  • For years, the water crisis has exacerbated conflict and political tensions, while UNICEF says 90% of children in the region live in water stress areas.

Dubai, UAE — A World Economic Forum article, which was part of the Forum’s annual meeting this year, said the Middle East and North Africa (MENA) is one of the most water-scarce regions in the world. For years, the water crisis has exacerbated conflict and political tensions. Moreover, the article said, the issue continues to significantly impact the health and wellbeing of people in the area, especially women and children. In fact, according to UNICEF, nearly 90 percent of children in the region live in areas of high or extremely high water stress. There is an urgent need for taking measures before the situation gets out of hand. TRENDS takes a look how the region can overcome its water woes: