IHC net profit soars to US$8.9bn
The company's revenue for the year 2023 stood at US$16.33bn.
Egypt to soon start work on Saudi power link project
Egypt and Saudi Arabia will soon launch the African country’s electrical interconnection project This will increase grid capacity to 2,000...
Bank ABC and FAB arrange a $250-million 2-year Syndicated Term Loan Facility for BankDhofar
Bank ABC and FAB acted as joint coordinators, underwriters, initial mandated lead arrangers and book runners for a facility to...
Egypt lends $9.87 billion in loans to low-income customers to own homes
More than 350,000 customers benefited from the scheme launched seven years ago The National Bank of Egypt topped banks...
EGA begins planting 10,000 mangroves in Jebel Ali Wildlife Sanctuary
It has partnered with the UAE-based Storey Group’s One Billion Tree-Planting Initiative for this Mangroves, which grow in tidal...
SHUAA to launch next-gen Digital Wealth platform
The Digital Wealth Platform will open up SHUAA to a broader investor base The new digital wealth platform will integrate...
Explore Dubai’s homegrown produce scene
Dubai's vast food scene can be explored in local farms, specialty shops Focus on food security and regenerative farming...
Bahrain unveils $1.2-billion stimulus package for Covid-hit sectors
The king has issued a royal decree to extend a number of initiatives for three months Bahrain’s Crown Prince and...
SCT, Omantel ink pact for satellite services
Omantel will utilize satellite services to expand and enhance its mobile network backhauling The agreement will help Omantel gain satellite...
Al Maryah Community Bank appoints board of directors
The new board will steer the bank to be the leading digitalized financial services provider in the UAE Established in...
Dubai seeks new source markets to drive tourism recovery
Emirate attracted over 5.5 million overseas visitors in 2020 Visitor from newer markets in Europe, Africa and the Commonwealth...
IHC net profit soars to US$8.9bn
The company's revenue for the year 2023 stood at US$16.33bn.
Company News
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Activists term IMF, World Bank ‘worst scam of the century’
Activists from developing nations belonging to a group called People's Alternative Global Tribunal organized themselves in the Moroccan city as...
Economy
UAE and US aim to speed up cooperation in clean energy, technology
Abu Dhabi, UAE-- The UAE and US have reviewed ways to accelerate cooperation in priority sectors such as clean energy,...
Economy
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Business
Samsung profits plunge
The company expects Q3 profits to fall nearly 80% to US$1.8bn.
- The company said in a statement that its operating profits for the July-September period will fall 77.9 percent to $1.8 billion
- Led by Samsung, South Korean chipmakers have enjoyed record profits in recent years as prices for their products soared
Economy
UAE to sign six more CEPAs by year end: Al Zeyoudi
Dubai, UAE--The UAE will sign six new comprehensive economic partnership agreements (CEPA) with South Korea, Thailand, Chile, Costa Rica, Colombia,...
- The minister made the remarks about the new CEPA agreements during a press conference to announce the UAE-Georgia CEPA
- He added that agreements will be signed with South Korea, Thailand, Chile, Costa Rica, Colombia, and Ukraine in the next few months
Geostrategy
Total siege of Gaza ‘prohibited’ under international law: UN
Geneva, Switzerland--Israel's total siege of the Gaza Strip, depriving civilians of goods essential for survival, is banned under international law, the...
- The UN high commissioner for human rights said people's dignity and lives had to be respected, calling for all sides to scale back the violence
- He said the siege risk seriously compounding the already dire human rights in Gaza, including the capacity of medical facilities to operate