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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Water security remains crucial for stability, prosperity

“Water is the fundamental element of life, enabling human societies to stabilize, develop civilizations, and achieve prosperity. Water is the...

Gulf aviation industry sets sky-high standards

"The demand from certain sectors indicates a strong interest in First Class, prompting us to introduce a newly-designed First Class...

Dubai is a key player in global business landscape

"The emirate is continuing to consolidate its position as an ideal platform that brings together creative ideas and innovative entrepreneurs...
  • Dubai Chambers and Enterprise Ireland sign a strategic MoU to link Dubai and Irish firms, emphasizing collaboration in technology, manufacturing, and clean energy.
  • The MoU will boost mutual trade and investment, fostering digital economy growth, and offer small businesses opportunities and cross-cultural training through alliance.

UAE emerges as a new leader in global healthcare

“This goal, aligned with the forward-looking vision of the UAE's leadership, will not only enhance the quality of life but...
  • The Gulf country maintains its competitive edge in healthcare through advanced infrastructure and a skilled workforce, underscoring its commitment to healthcare excellence.
  • The UAE's ministry along with key departments showcases innovative health initiatives on the 'Emirates Health' platform, highlighting strategies for future healthcare development.

Embracing renewables secures UAE’s green future

"COP28 saw all parties reach an agreement on the historic ‘UAE Consensus.’ This consensus includes achieving a well-organized, responsible, fair,...
  • UAE, under Dr. Sultan bin Ahmed Al Jaber's leadership, actively promotes global renewable energy.
  • The 'UAE Consensus' at COP28 sets specific goals for a zero-carbon energy system, Al Jaber adds.

UAE leads in cybersecurity for unmanned systems

"The digital transformation, which relies on artificial intelligence technologies, has touched all sectors and contributes to improving the quality of...
  • Dr. Mohamed Hamad Al Kuwaiti stresses the importance of cybersecurity in unmanned and autonomous systems.
  • The UMEX and SimTEX exhibitions showcased the UAE's esteemed position as a global hub for unmanned systems.

Qatar’s strategic initiatives boost sustainable infra

"The financial sector is well-positioned to leverage the opportunities and address the risks presented by the technological evolution. We are...
  • Maha Sultan Al Sowaidi, Qatar Central Bank Assistant Governor, emphasizes technology's role in shaping prosperity and economic resilience.
  • Second edition of the Qatar Financial Market Forum focuses on "Trends Shaping Emerging Markets and Sustainable Infrastructure and Mobility.

Airports fly into technology, security innovations

“The future of travel heavily depends on the transformative power of biometrics and touchless passenger experiences. These innovations aim to...
  • Thani Alzaffin of Emaratech Group highlights the crucial role of advanced technologies in modernizing airport security.
  • Middle Eastern airports are adopting state-of-the-art security measures, including facial recognition and iris scans.

‘Multilateral cooperation remains crucial for peace’

"The UAE’s priority (amid the ongoing Gaza conflict) is to work towards reaching a ceasefire, safeguarding the lives of civilians,...
  • UAE Minister Khalifa Shaheen Almarar emphasizes on multilateralism, cooperation, and adherence to international law and UN Charter.
  • Almarar also highlight of the UAE's relief efforts in Gaza and contributions as a non-permanent UN Security Council member.

Global leaders need digital skills for AI management

"Governments should design solutions to face these challenges rather than ignoring them, leveraging the positive effects and significant opportunities presented...
  • Equipping global leaders with digital skills will ensure effective implementation across various economic sectors.
  • The success of governments is tied to their proactive approach in adapting to new technological advancements.

Dubai at forefront of sustainable energy innovations

“We're witnessing strong, growing, and sustainable demand for energy and water in Dubai. In 2023, the peak electricity load rose...
  • DEWA’s state-of-the-art infrastructure bolsters Dubai's global economic and trade hub status.
  • World's largest solar-powered desalination plant is set to enhance the emirate's water security.

Saudi Arabia leads world in innovation and investment

"This is in the service of humanity and in building an interconnected and innovative future in various fields, including public...
  • Saudi Arabia has emerged as a major technology hub with a $43 billion market.
  • The Kingdom sees significant growth in women's empowerment and digital capabilities.

Water security remains crucial for stability, prosperity

“Water is the fundamental element of life, enabling human societies to stabilize, develop civilizations, and achieve prosperity. Water is the...

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‘WTO champions global trade stability, prosperity’

"It is contributing to raising living standards, improving employment opportunities and enabling the expansion of trade in goods and services"...

Finland, UAE eye collaborations in clean technologies

"There's considerable work to be done to establish a level playing field where low-energy technologies can be freely traded. I...

WTO reforms essential to meet global challenges

“Japan and the UAE will deepen their cooperation beyond traditional areas such as energy and the economy to include a...

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GCC, OPEC boost ties to stabilize global oil markets

During his meeting with OPEC Secretary General Haitham Al Ghais, Albudaiwi praises the significant efforts of OPEC and its crucial...
  • GCC commits to global oil market stability through OPEC cooperation, says GCC Secretary General Jasem Mohamed Albudaiwi.
  • OPEC predicts strong oil demand growth in 2024, led by economic activity in China and air travel recovery.

Bank plays crucial role in funding sustainable future

"We continue to capitalize on the promising opportunities in this market through innovative offerings and solutions, while strengthening our substantial...
  • ADIB launches a framework aimed at supporting environmental protection and social justice projects.
  • The Abu Dhabi-based bank is first global financial institution to issue US dollar-denominated green sukuk.

Strategic initiatives help UAE lead digital economy

“This economy merges national skills and technological solutions, creating an advanced model that contributes to achieving the goals of the...
  • The UAE is aiming to significantly boost the digital economy's contribution to the non-oil GDP over the next decade.
  • Efforts are being ramped up to accelerate the adoption of digital solutions across various sectors in the Gulf country.