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.

GCC countries host nine million Indians, UAE alone home to 3.55 million

New Delhi, UAE - The number of Indians living in the Gulf Cooperation Council (GCC) countries has crossed nine million,...

Economy

Chinese company to build Saudi Arabia’s first ocean park

Riyadh, Saudi Arabia - Haichang Ocean Park Holdings, China's largest ocean theme park operator, announced plans on Thursday to build...

Business
Business

Abu Dhabi Islamic Bank raises its ownership in ADIB Egypt to over 52%

ADIB stated that it had acquired 9.6 million shares from National Investment Bank, in a disclosure to the Abu Dhabi...
  • ADIB stated that it had acquired 9.6 million shares from National Investment Bank, in a disclosure to the Abu Dhabi Securities Exchange (ADX) on Thursday
  • In the third quarter of last year, ADIB reported its highest quarterly net profit of more than $0.27 billion as impairments dropped and operating income rose
Business

Jordanian-Bahraini business forum explores investment opportunities

AMMAN, JORDAN - The Jordan Chamber of Industry (JCI) organized the Jordanian-Bahraini Business Forum in Bahrain's capital, Manama, to increase...
  • The Jordan Chamber of Industry stressed on the role of the private sector as a driver of the economy.
  • The JCI described the level of trade between Jordan and Bahrain as "below aspirations," amounting to less than US$300 million.
Economy

ADJA delivers training program on drafting contracts, legal memos

ABU DHABI,  UAE - The Abu Dhabi Judicial Academy (ADJA) has conducted a specialized training program on drafting and writing...
  • This was done to develop the skills and competencies of practitioners engaged in the legal profession.
  • The program will help the professionals to improve the quality of their service.
Economy

Oil prices rebound after opening the year down over 9%

Brent crude futures gained 59 cents to $78.43 a barrel, while US West Texas Intermediate crude futures rose 69 cents...
  • Brent crude futures gained 59 cents to $78.43 a barrel, while US West Texas Intermediate crude futures rose 69 cents to $73.53 a barrel
  • Over the previous two sessions, Brent and WTI's declines of more than 9 percent were the biggest two-day losses at the start of a year since January 1991
Economy

Sharjah lists 4 categories eligible for retirement

The first category, which currently consists of 51 individuals, is for those who have reached the legal retirement age.
  • The first category, which currently consists of 51 individuals, is for those who have reached the legal retirement age
  • The second category is those who have sufficient funds set aside in the Sharjah Social Security Fund
Economy

Yemeni Govt, IsDB, SPDRY launch economic empowerment program in Yemen

The agreement aims to establish a general framework for activating development in Yemen and addressing challenges related to agricultural production...
  • The agreement aims to establish a general framework for activating development in Yemen and addressing challenges related to agricultural production chains
  • The program's three main pillars include financing e-commerce solutions, providing consultations to develop value chains and technical skills for SMEs
Economy

500,000 clients in Saudi Arabia use e-notarization of social cases in 2022

The Saudi Notarization Law has transferred a number of such jurisdictions from courts to the notarial e-system.
  • The Saudi Notarization law has transferred a number of such jurisdictions from courts to the notarial e-system
  • E-notarization provides several services that dispense with paperwork and spare clients the need to visit notarial offices
Economy

Dubai launches business group to promote renewable energy usage

The UAE Government will invest AED600 billion ($163.36bn) in renewable energy by 2050 to meet the country's growing energy demand...
  • Announced in 2017, the UAE Energy Strategy 2050 aims to reduce the carbon footprint on power generation by 70 percent.
  • The UAE has since launched notable initiatives and taken significant steps towards realizing these goals by 2050.
Economy

 Jordanian expats in Qatar sent home $440m in 2022

According to data recently released by the CBJ, Jordanian expatriates' remittances in the first ten months of 2022 increased by...
  • According to data recently released by the CBJ, Jordanian expatriates' remittances in the first ten months of 2022 increased by 0.6 percent
  • The Qatari exchangers said that remittances by Jordanian expatriates in 2022 may be the highest in several years
Business

Etihad Cargo to operate three more weekly flights to US from Apr 24

Etihad Cargo currently operates 11 flights per week to John F. Kennedy International Airport, which will increase to 14 weekly...
  • The additional flights will bring Etihad Cargo’s total cargo capacity to over 600 tons out of the US per week.
  • The flights will be operated with both Airbus A350 and Boeing 787-9 Dreamliner aircraft with significantly less fuel consumption.

GCC countries host nine million Indians, UAE alone home to 3.55 million

New Delhi, UAE - The number of Indians living in the Gulf Cooperation Council (GCC) countries has crossed nine million,...
Economy

Company News

Latest News

Blinken, Wang discuss Gaza war in phone call

Beijing, China - The US Secretary of State Antony Blinken and China's Foreign Minister Wang Yi on Wednesday spoke over the...
Geostrategy

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...
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...
COP28 UAE
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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COP28 UAE

Mashreq commits $30bn to UAE banking sector’s sustainable finance by 2030 pledge

DUBAI, UAE -Mashreq bank has been announced as one of the top contributors to the UAE Banks Federation’s (UBF) pledge,...
  • UAE Banks Federation had pledged to mobilize US$272 billion (AED 1 trillion) in sustainable finance by 2030 at COP 28 meeting.
  • Mashreq’s commitment to facilitating US$30 billion by 2030 builds on years of sustainable finance deployment in the MENA region.
Business

Biodiversity credits demand may rise to $180bn annually by 2050

The transformation hinges on nearly all major companies adopting nature-related goals, with biodiversity credits playing a major role.
  • Biodiversity credits are a novel financial instrument that could play a major role in contributing to a nature-positive future, explains the WEF report
  •  The WEF’s Global Risks Report 2023 has ranked biodiversity loss and ecosystem collapse as one of the top five threats to humanity over the next ten years
Business

Saudi, Turkish firms ink 8 deals to boost Riyadh-Ankara business

Istanbul, Turkey - Saudi and Turkish companies, part of the Saudi-Turkish Business Council, signed eight trade agreements to strengthen trade...
  • The firms discussed investment opportunities in the two countries, especially those envisaged in the Saudi Vision 2030 and Turkish economy.
  • The volume of trade between Saudi Arabia and Türkiye reached SAR22 billion ($5,864,813,240) in 2022, recording a growth rate of 32.6 percent.