CBUAE cancels license of First Insurance Brokers Company
ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) has cancelled the license of First Insurance Brokers Company...
Geostrategy
Air cargo demand up 8.3 percent in November 2023, says IATA
GENEVA, SWITZERLAND - The International Air Transport Association (IATA) released data for November 2023 global air cargo markets indicating the...
Business
Economy
Egypt to host 2022 annual meetings of Islamic Development Bank
The meetings this year are being held to deliberate major economic and geopolitical developments characterized by the noticeable decline in...
- The meetings this year are being held to deliberate major economic and geopolitical developments characterized by the noticeable decline in the COVID-19 pandemic
- The meetings will provide an opportunity to study and explore ways to further consolidate economic relations amongst IsDB member countries
TOP CEO 2022 Winners List: And the award goes to…
The most transparent and credible business awards in the Arabian Gulf celebrate leaders of the stock market-listed companies in the...
- The 6th edition of TOP CEO Conference and Awards ended on Wednesday evening with a promise to return in 2023
- The first day of the conference is branded as Arab Women Forum while the second day was more about hardcore business
Business
Dubai issues 32,564 Instant Licenses since launch of initiative in Aug 2017
A total of 32,564 Instant Licenses have been issued by the Business Registration and Licensing (BRL) unit at the Department...
- Instant licenses could be secured in a single step within five minutes through invest.dubai.ae platform.
- While 59 percent of these licenses were professional, 41 percent were commercial.
Business
ADNOC and Borealis AG to list 10% of Borouge plc on ADX
ADNOC and Borealis AG will list 10 percent of Borouge plc, a joint venture between the two companies, on the...
- Borouge is one of the world's leading providers of innovative and differentiated polyolefin solutions for the agriculture, infrastructure, energy, advanced packaging, and mobility
- ADNOC has already embarked on a major expansion drive in this space, including the recently announced Borouge 4 complex and the TA'ZIZ Industrial Chemicals Zone in Ruwais
Business
Yalla Group Q1 revenue is Dh 265m
Yalla is leading UAE-based voice-centric social media platform.
- The revenue of AED 190.5 million was generated from chatting services
- The revenue posted by games services was estimated at AED 74.6 million
Business
UAE to build LNG plant with capacity to produce 9.6m tons
The Abu Dhabi National Co.has revealed that it would build a new liquefied natural gas plant with the capacity to...
- The project, to be built at Fujairah, would more than double its export capacity as the demand surges
- the UAE has three liquefaction plants with a total capacity of 5.8 million tons per annum at Das Island, located inside the Gulf
Business
Experts set strategies for ‘The Great Business Reset’
Officials, top executives and experts at the TOP CEO Conference in Dubai brainstorm on ways to stabilise economies and secure...
- Among other issues, the last day of the event focused on how unstable global economic cycles, regional conflicts, and health risks shall be dealt with to make the economies prosper
- 'The Inflation Monster session' at the event explored the options before the governments and central banks of the region to handle the rising prices
Business
Dubai Airport retains position as world’s busiest
The Airport Show, the world’s largest annual airport event, was opened by Sheikh Ahmed bin Saeed Al Maktoum, President of...
- The Airport Show, the world’s largest annual airport event, was opened by Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority
- The future projects at the airport include Unmanned Traffic Management, Scheduled UA operations, Night Operations, Multiple Unmanned Aircraft Operations among others
Business
CB of Kuwait to digitize
The bank CEO said robots will play a major role in the future.
- CBK is the only bank to have SwatchPAY, which is a smart-watch payment service, she informed.
- Mahfouz said that one of the things that stood out to her as a woman working in the banking sector was getting more support from males than females.
Business
Julphar Q1 sales up by 156 percent
Acquisition of Planet Pharmacies and growth in segment ops led to growth.
- Gross profit margin increased to 41 percent compared to 28 percent in the previous year.
- EBITDA from continuing operations increased to AED40 million in Q1 2022.
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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
CBUAE cancels license of First Insurance Brokers Company
ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) has cancelled the license of First Insurance Brokers Company...
Geostrategy
Company News
Latest News
Marafiq IPO oversubscribed
Business
Qatar Charity organizes events for its sponsored orphans around the world
The events aim to focus on the rights of the child and the duties of states and societies in order...
UAE moon rover launch put off, to run more ‘pre-flight checks’
Dubai, UAE— The UAE’s moon rover launch has been delayed by one day in order to run more pre-flight checks,...
Science
Saudi Arabia extends term of $5 billion deposit for Central Bank of Egypt
The Egyptian economy has been hard-hit by the coronavirus pandemic and the war in Ukraine.
Economy
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Business
$121bn GCC projects in pipeline: Trust, transparency key to their success, TOP CEO Conference heard in May
Beside leadership and vision, trust, communication and transparency between all the stakeholders play a key role in any and every...
- Beside leadership and vision, trust, communication and transparency between all the stakeholders play a key role in any and every project’s success, experts had said at the event.
- More than $50bn of social infrastructure work, according to Meed Projects, is being executed across the Gulf region, while the remaining $70bn is in various stages of planning
Business
Like in climate discourse, digital transformation will eventually edge out the big players, says media expert
“Some big techs are facing crisis with large-scale layoffs and investment cuts. As digital space offers enough space and opportunity...
- Unlike in the industrial revolution, the developments in Information and Communications Technology (ICT) are quicker, says Asian College of Journalism Chairman Sashi Kumar
- 'Rational human beings, interested in transformation in media and communication as a vehicle for the betterment of society, should be worried about technological fundamentalism'
Economy
UAE president waives over $146 million debt for 1,214 Emiratis
The Non-performing Debt Relief Fund will settle the money owed by Emiratis to 17 banks and institutions.
- The Non-performing Debt Relief Fund will settle the money owed by Emiratis to 17 banks and institutions
- Al Suwaidi said that the waiver falls within the UAE leadership’s keenness to ensure a decent life for all UAE nationals