INSEAD Day 4 - 728x90

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

Israeli football supporters back home after Amsterdam violence

Tel Aviv, Israel - A plane bringing Israeli football supporters home from Amsterdam landed at Israel's Ben Gurion airport on Friday after...

Saudi Arabia to host largest health event with global participation on Oct 21-23

Riyadh, Saudi Arabia – Saudi Arabia is preparing to host the seventh edition of the Global Health Forum under the...

Business

UAE, Saudi Arabia to lead IPO MENA markets: EFG Hermes

The investment bank is working on five diverse sectoral IPOs in the GCC market which will be launched between the...
  • The investment bank is working on five diverse sectoral IPOs in the GCC market which will be launched between the second and fourth quarters of the year
  • The UAE’s IPO pipeline was very strong last year with a number of public and private sector entities listing on the Dubai and Abu Dhabi stock exchanges
Arts & Culture

UAE shares view at first G20 Culture Working Group meeting

ABU DHABI, UAE  - UAE Ministry of Culture and Youth (MCY) participated in the First G20 Culture Working Group (CWG)...
  • G20 members, invited countries and international organizations attended the meetings of the Culture Working Group.
  • The meeting discussed the challenges and opportunities in the cultural ecosystem on a global scale.
Geostrategy

Egyptian president, Iraqi PM discuss ties, alliance with Jordan

Cairo, Egypt — Egypt’s President Abdel Fattah el-Sissi held talks Sunday with Iraq’s prime minister Mohammed Shia al-Sudani in Cairo...
  • The talks focused on economic cooperation and security ties between the two countries, according to Egyptian presidential spokesman Ahmed Fahmy
  • The leaders of Egypt, Iraq, and Jordan have held five summits since 2019, the most recent of which took place in December near the Dead Sea in Jordan
Economy

Egypt’s foreign reserves rise $128m in February

Cairo, Egypt - Egypt’s foreign exchange reserves rose $127.9 million by the end of February to $34.352 billion, compared to...
  • Foreign currencies in Egypt’s foreign reserves include the US dollar, euro, Australian dollar, Japanese yen and Chinese yuan
  • Egypt's economy has come under pressure over the past year, with the Egyptian pound tumbling and foreign currency drying up
Geostrategy

International Justice Conference begins in Saudi Arabia

RIYADH, SAUDI ARABIA - Saudi  Justice Minister Dr. Walid Al-Samaani inaugurated the International Conference on Justice here on Sunday. Several...
  • Over 4,000 persons and 50 international speakers took part in the justice conference in Saudi Arabia.
  • The conference aims to facilitate access to justice through digital innovation, judicial technology and enrich legal culture.
Economy

UAE keen on new technologies, says minister at Raisina Dialogue 2023

NEW DELHI, INDIA -  UAE Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications Omar Sultan Al...
  • Representatives from over 100 countries, including ministers, military commanders, captains of the Industry, participated in Raisina Dialogue 2023.
  • The UAE is keen on sharing knowledge, experience and success stories by participating in international conferences.
Geostrategy

Six EU countries urge Israel to stop settlement expansion in West Bank

LONDON, UK-  Six European countries on Saturday called on Israel to stop expanding its settlements in  Palestine's West Bank. Britain,...
  • The EUs envoy to the Palestinians has called for accountability and action after Israeli settlers went on a rampage.
  • Britain, France, Germany, Italy, Spain and Poland have condemned the recent attack on Israeli citizens by Palestinian groups
Economy

PPI of industrial sector in Qatar declines by 1.75% in January

Doha, Qatar - The Producer Price Index (PPI) of Qatar’s industrial sector declined by 1.75 percent in January 2023 when...
  • The PPI for January 2023 was 129.59 points, down 4.71 percent from December 2022
  • For manufacturing sector, a PPI increase of 0.08 percent was recorded in January 2023
Economy

Saving deposits in UAE banks rose to $67bn in 2022: CBUAE

Abu Dhabi, UAE - Saving deposits in the UAE banking system, excluding interbank deposits, increased to AED245.867 billion ($67 billion)...
  • Rise in savings deposits represents a YoY growth of $1.08 billion or 1.7 percent, from about $66 billion in November 2021
  • Demand deposits grew to $246 billion by the end of December last year, a YoY growth of 7 percent from $145 billion in 2021
Business

‘Global luxury goods market surged 21% to $1.38trn  in 2022’

It is estimated that 400 million people consume luxury products worldwide and that number will reach 500 million by 2030.
  • It is estimated that 400 million people consume luxury products worldwide and that number will reach 500 million by 2030
  • A study recently released by IMARC Group has revealed that the UAE luxury market will reach $ 5.2 billion by 2027

Israeli football supporters back home after Amsterdam violence

Tel Aviv, Israel - A plane bringing Israeli football supporters home from Amsterdam landed at Israel's Ben Gurion airport on Friday after...

Company News

Latest News

ADIB-Egypt introduces Shariah-compliant private banking services for HNWIs

Cairo, Egypt – ADIB-Egypt has launched its exclusive portfolio of Private Banking Services, providing a Shariah-compliant banking proposition for its high-net-worth...
Business

Albilad Capital to pay dividend 

The distribution ratio of the NAV stands at 0.10 percent.
Business

UAE announces reduction in fuel prices for January

ABU DHABI, UAE - The prices of petrol and diesel are set to decrease in the country in January following...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

ACC holds workshop in Jordan on dangers of human trafficking

AMMAN, JORDAN - Amman Chamber of Commerce (ACC), in cooperation with Ministry of Justice and Jordan Judicial Council (JJC), organized...
  • The workshop aims to introduce human trafficking crime in Jordanian law and global pacts and the measures taken at the national level to help victims.
  • The workshop reflects the "important" role played by national institutions in combating human trafficking and raise awareness of its dangers.
Geostrategy

Iran asserts peaceful nuclear agenda amid western concerns

Tehran, Iran - Iran's nuclear program remains peaceful, said Nasser Kanani, the spokesman for the Iranian Ministry of Foreign Affairs,...
  • Iranian foreign ministry spokesman Nasser Kanani reaffirmed the country's commitment to continuing cooperation with the IAEA
  • Kanani said that Iran views negotiation and diplomacy as the best methods for resolving any unfounded concerns about its nuclear program
Geostrategy

UAE extradites the accused Gergely Franc to Belgium

Abu Dhabi, UAE - The UAE on Friday extradited Gergely Franc, an Albanian national, charged with premeditated murder, to Belgium....
  • The accused was transferred according to the extradition agreement, signed by the United Arab Emirates and Belgium
  • Such procedures confirm the UAE’s continued collaboration with international partners in the pursuit of international justice