INSEAD Day 4 - 728x90

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

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.

Pre-tax net profit of Dubai Financial Market rises 74% to $53m in H1 2024

Dubai, Saudi Arabia - Dubai Financial Market (DFM) today announced its consolidated financial results for the period ended June 30,...

Economy

Saudi Arabia’s tourist spending reaches $40bn: minister

Saudi Arabia’s Minister of Tourism Ahmed Al-Khateeb highlights the upcoming launch of a tourist visa aimed at drawing more international...

Business
Economy

UAE, Pakistan advancing parliamentary cooperation

A delegation of the UAE Federal National Council's Parliamentary Division, led by Dr. Nidal Mohamed Al-Tunaiji met with Nuzhat Sadiq,...
  • A delegation of the UAE Federal National Council's Parliamentary Division, led by Dr. Nidal Mohamed Al-Tunaiji met with Nuzhat Sadiq, Member of the Senate of Pakistan
  • The two sides discussed the bilateral relations, and the importance of advancing cooperation between the two parliaments
Geostrategy

UAE’s FNC participates in Asian Parliamentary Assembly meet

ANTALYA, TURKEY - The UAE Parliamentary Division of the Federal National Council (FNC), participated in the meeting of the Standing...
  • During the meeting, the report of APA's Secretary-General was presented.
  • Draft decisions of the Political Affairs Committee were discussed and approved.
Science

DEWA completes 77 percent work in Hatta Water Reservoir

DUBAI, UAE  - DEWA has completed 76.8 percent work on the water reservoir project in Hatta. The project has a...
  • The project is being built at a cost of approximately US$23 million and is expected to be completed in April 2023.
  • The structural foundation works for all facilities and reservoirs are 100 percent complete,
Geostrategy

UAE takes part in Arab Inter-Parliamentary Union’s executive committee meetings

CAIRO, EGYPT - The UAE Parliamentary Division of the Federal National Council (FNC) on Saturday took part in the 29th...
  • The meeting discussed objectives related to health, education and training support in the Union's strategy.
  • The delegation also participated in the 8th meeting of the legal team stemmed from the executive committee.
Business

Aldar, Diamond Developers launch sustainable city project in Abu Dhabi

The project is underpinned by a central green spine that runs the length of the community, featuring parks, lakes, and...
  • The project is underpinned by a central green spine that runs the length of the community, featuring parks, lakes, and biodomes
  • Available for buyers of all nationalities, Yas Island will feature condominiums and townhouses located in 10 intimate clusters
Economy

SEWA announces 149% rise in emiratisation in engineering jobs

The company revealed its plan to raise the Emiratisation percentage to 73 percent of the total engineering jobs by the...
  • The company revealed its plan to raise the Emiratisation percentage to 73 percent of the total engineering jobs by the end of 2023
  • It plans to employ 170 jobseekers from the emirate, including 130 national engineers, and 40 for administrative positions
Geostrategy

Iran arrests journalist who interviewed inmates’ families, says media

TEHRAN, IRAN - Iranian authorities have arrested a journalist who published interviews with families of death row inmates sentenced in connection...
  • 14 Iranians have been sentenced to death in connection with the unrest triggered by Mahsa Amini's death in custody on September 16.
  • Foreign-based rights groups and campaigners say dozens more protesters face charges punishable by death.
Business

DEWA wins award at Global Excellence Assembly Awards 2022

DUBAI, UAE  - Dubai Electricity and Water Authority (DEWA) has been awarded  with the Global Excellence Assembly Awards 2022, based...
  • DEWA is the only entity worldwide to win this category in the second round of the award this year.
  • DEWA scored 94 percent in the evaluation conducted by the International Council of Excellence according to the Baldrige model.
Economy

Implementation of Dubai Economic Agenda ‘D33’ to begin immediately

Teams across Dubai’s government entities will work in close collaboration with the private sector to achieve the various targets of...
  • Teams across Dubai’s government entities will work in close collaboration with the private sector to achieve the various targets of the agenda over the next 10 years
  • The D33 Agenda paves the way for a new phase of Dubai’s development journey driven by ideas, innovation, enterprise and new technologies
Economy

Saudi Arabia, Clarity AI ink MoU to develop sustainability in private sector

Under the MoU terms, the Ministry of Economy and Planning and Clarity AI will work together to explore potential areas...
  • Under the MoU terms, the Ministry of Economy and Planning and Clarity AI will work together to explore potential areas of cooperation, such as using big data
  • They are discussing cooperation in training Saudi cadres to understand and analyze sustainability data, and participate in events and activities of common interest

Pre-tax net profit of Dubai Financial Market rises 74% to $53m in H1 2024

Dubai, Saudi Arabia - Dubai Financial Market (DFM) today announced its consolidated financial results for the period ended June 30,...
Economy

Company News

Latest News

UK defence minister to visit Middle East to discuss ways to boost Gaza aid

Shapps will also visit Kibbutz Kfar Aza in southern Israel which was attacked by Hamas on October 7 which killed...
Geostrategy

Saudi Arabia offers 30-year tax cut to businesses shifting hqrs to kingdom

Riyadh, Saudi Arabia - Saudi Arabia has rolled out a 30-year tax relief program aiming to lure multinational corporations to...
Economy

Air cargo demand up 3.8% in October

Geneva, Switzerland - Global air cargo demand increased by 3.8% compared to October 2022, the International Air Transport Association (IATA)...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

COP28 UAE

Saudi Electricity Company targets net zero emissions by 2050

Dubai, UAE - The Saudi Electricity Company (SEC), the largest producer, transmitter, and distributor of electrical energy in the Middle...
  • The announcement was made during a special event SEC organized on the sidelines of the United Nations COP28 climate-change summit in Dubai
  • The SEC said it has signed seven agreements with leading local and international companies, including LUCI, Al-Fanar, Sal Italy, CHINT Saudi Arabia, Siemens, etc
COP28 UAE

UAE launches Industrial Decarbonization Roadmap at COP28

Dubai, UAE - The UAE announced the launch of the Industrial Decarbonization Roadmap at COP28 on Tuesday with the aim...
  • The ministry and its partners have examined and evaluated the feasibility of more than 50 advanced technologies and innovative solutions
  • These include clean electricity, carbon capture, utilization and storage, manufacturing efficiency, alternative fuels, recycling, clinker substitutes, and hydrogen
Business

Tawzea, NWC ink pacts

The companies have signed two agreements.
  • Tawzea is a 50:50 joint venture between Saudi Arabian Amiantit Co and Sustained Infrastructure Holding Co.
  • Under the first contract, Tawzea will operate and maintain the water network in Makkah and its governorates.