Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Proton says will analyze VPN sign-ups to identify attacks on democracy

GENEVA, SWITZERLAND - Internet privacy company Proton announced Wednesday a new VPN Observatory, tracking demand for its services to detect attacks...

NYU and NYU Abu Dhabi develop AI tool to improve breast cancer detection

A team of researchers from New York University (NYU) and NYU Abu Dhabi report that they have developed a novel...
  • The system, designed to be a decision support tool for clinicians, also helped radiologists significantly decrease their false positive and requested biopsy rates
  • The system is designed to identify malignant lesions in breast ultrasound images, with the primary goal of reducing the frequency of false-positive findings

McDonalds Qatar warns of fake websites

The sites are advertising fake offers and requesting bank details.
  • McDonald’s has reported this problem to the local authorities
  • It is working closely with them to rectify the matter and take down these sites

Higher oil prices, widespread vaccine roll-out to drive Saudi economic rebound: S&P

Saudi Arabia’s economy will benefit from higher oil prices and its successful COVID-19 vaccine roll-out, ratings agency S&P Global has...
  • Growth is heavily observed in non-oil sectors, particularly in real estate where the government aims to drive national home ownership to 70 percent by 2030
  • The semi-annual review from S&P affirmed the A-/Stable/A-2 sovereign rating of the Kingdom, attributing it to a positive post-pandemic performance

Saudi Arabia to develop luxury mountain resort in western region

Saudi Arabia will develop a new luxury mountain resort as the giga project inches closer to welcoming its first guest...
  • The Desert Rock resort will have 60 keys in total and is part of the kingdom's giga project The Red Sea Project
  • The 48 villas and 12 hotel rooms will offer visitors views of the wadi vistas in the western region of the kingdom

Lebanon reforms will get foreign aid flowing: UNSC

The common belief in the international community is that the reason behind Lebanon’s economic crisis is corruption and misgovernance. Thus,...
  • The UNSC has said in its statement that these reforms would help the masses suffering from the economic crisis and the resulting shortages
  • It added that the reforms would also ‘ensure effective international support’

After Brussels dialogue, European Union welcomes reforms in Saudi Arabia

DUBAI: The European Union Tuesday welcomed the reforms taking place in Saudi Arabia and noted that "significant steps" have been...
  • The EU and the kingdom held the first-ever Human Rights Dialogue in Brussels on Monday.
  • Significant steps have been taken to advance women's rights in Saudi Arabia, the EU said.

India to share white shipping info with Gulf countries

India has said in a statement that the MoU would ‘contribute to enhanced maritime safety and security in the region.’
  • The MoU is expected to facilitate exchange of white shipping information between India and the Gulf countries
  • White shipping information is about the exchange of advance details on the identity and movement of commercial, non-military merchant ships

Saudi to build three sewage plants costing $630m

The plants are being built under the Privatization Program, one of the elements of Vision 2030, said Abdulrahman Bin Abdulmohsen...
  • The plants are expected to be ready by the end of 2024.
  • Madinah, Qassim and Tabuk each will have a plant with daily processing capacity ranging between 90,000-375,000 cum.

Fourth cycle of Dubai SME 100 gets underway

The fourth cycle is expected to highlight SMEs in Dubai that have shown resilience and progress despite the Covid-19 pandemic.
  • Dubai SME 100 is initiative that ranks the top 100 SMEs in Dubai based on their performance
  • It aims to identify SMEs based on financial and non-financial parameters, and support their growth

Revelations at Expos in the Past: Ketchup, Eiffel Tower, telephone

As Expo 2020 opens in Dubai on Friday, hoping to attract millions of visitors with its imaginative pavilions and technological...
  • The most famous Expo was perhaps the Paris 1889 edition, where the Eiffel Tower by architect Gustave Eiffel was unveiled.
  • Alexander Graham Bell's telephone was first demonstrated to the public at the Philadelphia world fair in 1876.

Proton says will analyze VPN sign-ups to identify attacks on democracy

GENEVA, SWITZERLAND - Internet privacy company Proton announced Wednesday a new VPN Observatory, tracking demand for its services to detect attacks...

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UAE president invites Israeli counterpart to attend Abu Dhabi Space Dialogue

The invitation was extended by the UAE Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan who is currently...

UAE foreign minister meets Israeli PM, discuss ties, regional issues

The two leaders reviewed issues of common interest, regional and international developments, and ways to enhance efforts to achieve peace...

Scientific program to reduce impact of climate change in Saudi Arabia, region

Riyadh, Saudi Arabia - Earth foresight, a scientific program to combat climate change using Artificial Intelligence was launched at the...

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Response Plus enters Indian market

The company will establish its Indian headquarters in Kerala state.
  • RPM India will work as a healthcare partner for onsite medical service solutions with oil and gas companies and other major industries.
  • It will provide services to Airports, Seaports, Educational Institutions, malls and global events to meet the emergency healthcare needs.

Agthia to pay $17m dividend

The dividend is in line with its bi-annual dividend policy.
  • The company's H1 revenues reached AED 2 billion, up 51 percent year-on-year, and net profit grew to AED 118 million for the period, a 74 percent increase compared to H1 2021.
  • Agthia recently announced an AED 90 million investment in a manufacturing facility in Saudi Arabia to drive growth for its protein vertical.

Sharjah to host International Jewelry Designers Forum

Expo Centre Sharjah has said that it will host the International Jewelry Designers Forum on October 7.
  • The forum will discuss a number of thematic topics, including future trends in jewelry and gem designs.
  • It will also discuss important techniques used in combining stones and lab-created diamonds.