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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Tech and sustainability drive Singapore’s smart tourism vision

To realize its vision for “smart tourism”, Singapore Tourism Board is leveraging cutting-edge technologies like artificial intelligence, data analytics, and...

Saudi Arabia, Belarus ink MoU to boost trade, investment

RIYADH, SAUDI ARABIA - The Federation of Saudi Chambers and the National Center for Marketing and Price Study at the...
  • Under the pact, the two parties will exchange information related to trade, business environment, investment, production and export opportunities.
  • The two parties will organize joint research activities pertaining to marketing to enhance trade prospects and explore ways of improved cooperation.

Baims acquires Orcas Edtech

The firm plans to incorporate one-to-one tutoring services.
  • Baims specializes in providing online tailored recorded courses for university students in Saudi Arabia, Kuwait, Bahrain, and Jordan.
  • Capitalizing on its market share in Saudi Arabia, Baims is poised to launch a specialized AI-driven test preparation product.

Dubai SME joins hands with CXDA to attract investment

DUBAI, UAE – The Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), a part of Dubai...
  • The strategic partnership with Dubai SME outlines a comprehensive roadmap.
  • This will introduce AI for equipping SMEs with innovative financial solutions.

Resilient supply chains are essential to global trade: Expert

DUBAI, UAE – For over 30 years, globalization has been the evergreen megatrend as global trade has helped lift some...
  • The COVID-19 pandemic highlighted the critical role of resilient supply chains in sustaining economies worldwide to the forefront.
  • Wars, armed conflicts, overall increasing geopolitical tensions, and protectionism create serious headwinds for global trade.

Utilizing AI is only possible if skill gap is bridged, says expert

DUBAI, UAE - The Artificial Intelligence (AI) revolution is upon us, with AI becoming a pervasive force in our daily...
  • As the rate of AI adoption increases, humans are essential to guiding the technology’s implementation and usage of these technologies.
  • Executives estimate that up to 40 percent of their workforce may need to reskill as a result of implementing AI or automation over the next three years.

Ahli Islamic signs agreement with AAOIFI to support Islamic banking

MUSCAT, OMAN - As part of its ongoing efforts to support the Islamic banking industry, ahli Islamic signed a Memorandum...
  • The aim is to collaborate in capacity building within ahli Islamic and foster the growth of the Islamic finance sector in Oman.
  • The signing ceremony occurred concurrently with the AAOIFI-IsDB 18th Annual Islamic Banking and Finance Conference.

Dragon Oil, Turkmennebit ink MoU

Aim is to expand Dragon Oil’s investments in Turkmenistan.
  • Dragon Oil has been engaged in oil and gas cooperation with Turkmenistan on the basis of a production sharing agreement since 2000.
  • The company’s primary focus is on the extraction of hydrocarbon resources in the Caspian Sea, in the Cheleken Contract Area.

Dubai Center for Family Businesses issues guidelines

DUBAI, UAE –  The Dubai Center for Family Businesses, which operates under the Dubai Chambers umbrella, has released a ‘Sample...
  • The ‘Sample Article of Association for Family Businesses’ outlines a set of options for companies to update their contracts.
  • The Article of Association takes into account the requirements of family businesses who are registered as limited liability companies (LLCs).

Penguin, SkyBlue ink MoU

The aim is to redefine outdoor media advertising in Abu Dhabi.
  • Penguin and SkyBlue will collaborate on key advertising locations, with this being the Malaysian firm’s first move into the Abu Dhabi market.
  • This follows an agreement between the Malaysian outdoor advertising company with the Road and Transport Authority (RTA), Dubai.

Invest Qatar launches azure open AI GPT-powered chatbot ‘Ai.SHA’

DOHA, QATAR - The Investment Promotion Agency Qatar (Invest Qatar) has partnered with Microsoft to develop Ai.SHA, an innovative AI-powered...
  • This initiative positions Invest Qatar as one of the first investment promotion agencies (IPA) in the world to adopt advanced technology.
  • This will pave the way for transformative changes in professional interactions between investors and businesses in Qatar.

Tech and sustainability drive Singapore’s smart tourism vision

To realize its vision for “smart tourism”, Singapore Tourism Board is leveraging cutting-edge technologies like artificial intelligence, data analytics, and...

Latest News

Saudi Arabia launches ‘National Semiconductor Hub’ 

At least 50 semiconductor design companies will be established in Saudi Arabia by 2030 after a new initiative was launched to develop...

Exhibition of art and poetry in Dubai celebrates women

Featuring the work of international women artists, "La Belleza" celebrates the deep connection between art and poetry.

The Middle East fastest growing Real-Time Payments market globally

For the second consecutive year, the Middle East is the fastest-growing real-time payments market globally, according to the 2024 Prime...

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Geopolitical unrest generates an onslaught of DDoS attacks

NETSCOUT SYSTEMS, INC. released findings from its 2H2023 DDoS Threat Intelligence Report that dissects trends and attack methodologies adversaries use...
  • Hacktivist Groups increase activity globally
  • Over 7 million DDoS attacks in H2 2023

Space economy set to triple to $1.8trn by 2035, reveals new research

The growth of the space industry will largely be built upon the increased reach of space-based and/or -enabled technologies, such...
  • The growth will largely be due to space-based and -enabled technologies, such as communications positioning, navigation and timing.
  • Space technologies are delivering greater value to a more diverse set of stakeholders than ever before, including in industries as varied as food and beverage, among others.

Germany shares observations on Qatar hosting Autonomous e-Mobility Forum

In its efforts toward sustainable transportation, the German embassy is the first diplomatic representation in Doha to utilize an electric...
  • The diplomats shared their observations and views on Qatar’s trajectory as a hub for dialogue and the potential of autonomous e-mobility moving forward
  • The German embassy is indeed the first diplomatic representation in Doha to utilize an electric vehicle as a staff car