Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report...
ABU DHABI, UAE - The Ministry of Investment of the UAE and the Ministry of Digital Governance of the Hellenic...
First Abu Dhabi Bank has recorded a 26 percent rise in net profit to AED9.2 billion in the first nine...The bank's revenue was up 17 percent supported by business growth, solid fee generation and strong trading performance, helping to offset headwinds from low-interest rates
The Group’s foundation remains robust across liquidity, capital and asset quality metrics
Dallah Healthcare of Saudi Arabia has picked up an 8.2 percent stake in International Medical Company for $77 million in...Dallah Healthcare said that it had acquired the SAR 289 million ($77 million) stake as part of a plan to eventually acquire 25 percent as well as to expand its presence to Jeddah
International Medical Co posted a revenue of SAR 1.2 billion annually for the last three years
Saudi Basic Industries Corp. (SABIC) has posted a nearly 400 percent spike in net profit to $1.5 billion for the...Sales jumped by 49 percent year on year to 43.7 billion riyals, while operational profit climbed 266 percent to 7.7 billion riyals
The company also noted that sales volumes in the third quarter were slightly down by 2 percent when compared with the second quarter of 2021
- The tourism and travel sector in the Middle East is expected to grow 27.1 percent in 2021, a little behind...
According to the World Travel and Tourism Council (WTTC) the region’s local economy has benefited from a rise in its domestic tourism spend of 38.6 percent in 2021
Employment in the sector could approach pre-pandemic levels in 2022, rising by 8.2 percent to 6.6 million, following a loss of 1.2 million jobs in 2020
Saudi Arabia has roped in HSBC to “identify and promote” sustainable investment opportunities. The agreement between the two was signed...It covers identification and promotion of sustainable investments in the Kingdom for domestic and international investors
“I welcome today’s agreement, which is further proof that the Kingdom’s ambitions to become a global sustainable investment destination is on track"
European planemaker booked net profit of 404 mn euros.European planemaker said in a statement that it booked net profit of 404 million euros ($470 million) in the period from July to September
The company said it now expects an operating profit of 4.5 billion euros in 2021, up from the four billion euros previously forecast
The Company’s total revenue reached AED 183.1 million in this timeframe compared to AED 271 million during the corresponding period...DFM's expenses decreased 4 percent to AED 145 million by the end of September
The company has waived the minimum trading commission from September 1
Abu Dhabi Investment Office (ADIO) and Etisalat will work together to unlock opportunities for businesses in Abu Dhabi by introducing...ADIO’s $545-million Innovation Programme provides incentives to businesses in high-growth areas to expand in Abu Dhabi.
Etisalat Digital’s FutureNow program invites innovative technology companies to accelerate their businesses in the UAE.
Eni of Italy has discovered three new oil and gas wells in Egypt, according to the Egyptian Ministry of Petroleum.Oil, gas, and condensate (a mix of light liquid hydrocarbons) were found in the Meleiha concession area, and oil in the southwest Meleiha zone
The MWD-21 well, which has already been linked to production, also yielded a stable rate of 2,500 bpd
The Saudi Investment Bank (SAIB) has recorded a 9 percent rise in net profit to $206.7 million in the first...The bank attributed the profit rise to a decline of 11.6 percent year-on-year (YoY) in total operating expenses amid lower salaries and employee-related expenses.
Total shareholders' equity, excluding minority interests, reached SR14.69 million during the first nine months of 2021
