AI partnership to boost Abu Dhabi sustainability efforts
Abu Dhabi, UAE - The Technology Innovation Institute (TII) said Monday its AI and Digital Science Research Center (AIDRC) has...
Economy
China third-largest investor in UAE, its top trading partner
The mutual investments between the two countries are witnessing continuous growth in various economic and commercial sectors, most notably real...
Business
Passenger plane crashes in Iran: 66 people on board dead
Scores of people are feared dead after an Iranian commercial aircraft crashed into a mountain in southern Iran valley on...
Heading into 2018, different aims for US foreign policy in the region
During the Cold War, the then-Union of Soviet Socialist Republics and the United States had different foreign policies in the...
Arab News launches Pakistan edition as part of global expansion
Arab News, the Middle East’s leading English-language daily, has recently announced the launch of a Pakistan online edition, as part...
Middle East’s financial landscape transforming at rapid pace
The digitally connected world has made the consumer the real king. With rapid technological advancement and innovation, the entire focus...
GCC banks up against fresh challenges
It was more about fiscal consolidation than being adventurous in 2017 for the banking sector in the Gulf Cooperation Council...
2018 is expected to be the year of greater mobile-technology innovations, Mamoun Hmedan
TRENDS speaks to Mamoun Hmedan, Managing Director for MENA and India, Wego, about the major trends that will rule the...
Tech-tonic shift; AI taking the Middle East region by storm
Artificial intelligence (AI), undisputedly the best technological gift of the digital age, together with Internet of Things, blockchain and data...
How energy landscape to evolve in the Middle East in 2018?
A massive economic diversification exercise is underway in the Middle East to gradually end dependency on fossil fuels for a...
Ongoing Saudi diversification; Aramco, Alphabet to ink pact
Making industrious efforts toward lessening its dependence on hydrocarbons and diversifying its current economic portfolio, Saudi Arabia is exploring potential...
MEA IoT spending to grow manifold as investments ramp up
The Middle East and Africa (MEA) Internet of Things (IoT) market is set to grow 15 percent year on year...
AI partnership to boost Abu Dhabi sustainability efforts
Abu Dhabi, UAE - The Technology Innovation Institute (TII) said Monday its AI and Digital Science Research Center (AIDRC) has...
Economy
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Qatar renews call for nuclear-free Middle East
The establishment of nuclear-free zones is a key step to boost non-proliferation system and achieve a full nuclear disarmament, says...
Geostrategy
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Economy
MoCCAE discusses food security with feed manufacturers in UAE
UAE's Ministry of Climate Change and Environment (MoCCAE) hosted a meeting with licensed feed manufacturers in the country to explore...
- UAE's Ministry of Climate Change and Environment hosts a meeting with licensed feed manufacturers to talk of enhanced food production
- Participants highlight the importance of modern technologies in feed production and to adhere to the highest safety standards
Economy
CBUAE’s Financial Stability Report lists steps taken to help economy
The Central Bank of the United Arab Emirates has issued its Financial Stability Report for 2021, which outlines the measures...
- Among the steps were CBUAE's gradual exit strategy from the Targeted Economic Support Scheme as the UAE economic recovery commenced
- The CBUAE also conducted risk-based supervision and solvency and liquidity stress tests to assess potential vulnerabilities.
Business
DEWA H1 2022 revenue is $3.3bn
DEWA's net profit in H1 2022 is US$898 million
- In H1 2022, DEWA's revenue is US$3.3 billion (AED12.08 billion), and net profit is US$898 million (AED3.30 billion).
- DEWA's first half revenue increase of 15 percent to $3.3 b (AED12.08 b) was mainly driven by an increase in demand.