IHC net profit soars to US$8.9bn
The company's revenue for the year 2023 stood at US$16.33bn.
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...
Emirates posts $5.5 b loss due to pandemic restrictions
Group's dnata ground services at airports reported a loss of US$ 496, down from US$ 168 million profit in...
Undervaluation of work in progress is UAE construction sector’s biggest challenge
69 percent of those polled believe decisions on capital projects during construction phase marred by short-term approach British Business Group...
In North Africa, Moroccans most interested in second citizenship: UK firm
Caribbean nation of St Kitts and Nevis most popular destination for Moroccan nationals 3 million people of Moroccan descent...
2.7m people petition WTO to give world population access to Covid vaccines
The WTO has received a petition signed by over 2.7 million people from around the world calling for universal...
A majority of UAE companies believe artificial intelligence can cope with cyberattacks
A Sophos report has said around 92% of IT teams in companies in the UAE said they expect Artificial...
Emirates Development Bank successfully closes $750-million five-year bond
EDB has successfully closed its $750-million five-year bond issue, which was four times oversubscribed The bonds were priced at a...
Dubai crown prince orders government procedures for doing business be cut by 30 percent
This is expected to improve Dubai’s, and in turn the United Arab Emirates’, position in the global Ease of Doing...
Two in three youths in Middle East have got insurance since Covid-19 pandemic started: Report
Zurich International Life has said more than 63.3% people in the Middle East aged 18-34 claimed they purchased life...
$104 million program targets land degradation in Africa, Central Asia
The program will bring 12 million hectares of drylands under sustainable land management Drylands cover over 40 percent of...
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
IHC net profit soars to US$8.9bn
The company's revenue for the year 2023 stood at US$16.33bn.
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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
IMF slashes its growth forecast for China and eurozone
Marrakech, Morocco-- The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro zone and said...
Economy
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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
Geostrategy
Qatar urges the West to pressure Israel to stop attacks against Palestinians
Dubai, UAE--Condemning Israel's relentless bombardment of the Gaza Strip, Qatar's top diplomat has urged Western countries to exert pressure on...
- Qatari foreign minister spoke with his Iranian counterpart on the phone and issued a call for an end to the violence
- For his part, Iran's top diplomat said the intensification of the Israel's crimes would further complicate the situation in Palestine
Geostrategy
Celebrities make Middle East peace appeals online
Anguished at the horrifying images coming out of the Gaza Strip and Israel, celebrities like Madonna and Mark Ruffalo have...
- The appeal for peace from around the world comes at a time of upsurge in violence between Israel and Hamas
- Many feel only dialogue could end the dispute in the Middle East and a free homeland for Palestinians alongside Israel