INSEAD Day 4 - 728x90

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

  • The world's top-selling automaker has recovered quicker than its competitors from some of the impact from Covid.

    The world's top-selling automaker has recovered quicker than its competitors from some of the impact from Covid

    The global shortage of microchips -- essential components of modern cars -- has forced many automakers to slow or temporarily halt production

  • The investors include lead investors Vostok New Ventures and Endure Capital and participating investors JAM Fund (led by Tinder co-founder...

    The investment is coming two years after Breadfast raised a $2 million

    In total, the company has secured more than $30 million

  • The sales covered 314 villas and apartments worth AED645.92 million, and 29 land plots worth AED216.81 million.

    The sales covered 314 villas and apartments worth AED645.92 million, and 29 land plots worth AED216.81 million

    The mortgages included 52 villas and apartments worth AED123.74 million and 10 land plots valued at AED45.14 million

  • The IPO kicks off on November 7 and ends on November 8.

    The listing would result in a market capitalization of SAR 3,400 million (USD 907 million)

    The book-building process generated an order book of SAR 162 billion that was 136x oversubscribed

  • The United Arab Emirates has announced the provision of $10 million to contribute to the reconstruction of some Turkish regions...

    the UAE expressed its solidarity with the Turkish people in these exceptional circumstances

    The move follows the directives of Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi

  • Saudi Arabia’s Herfy Food Services Company (Herfy Foods) has appointed Sam Bader as CEO, after he served as acting CEO.

    “The board of directors of Herfy Food Services Co extends its appreciate and gratitude for the efforts made by Mr Sam Bader during his term of acting CEO"

    The company said Bader had started his career with BK USA, then worked for McDonald’s International USA

  • Hub71, Abu Dhabi’s global tech ecosystem, and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) will...

    DCT Abu Dhabi will fund the Proof Of Concepts (POCs) of the startups identified for future work.

    Hub71 will provide DCT Abu Dhabi with access to a broad pipeline of startups, regionally and globally.

  • The net profit for the first nine months of 2020 was AED 25.40m.

    The increase in net profit was driven by a rise in income from investments and recent acquisitions.

    The company has acquired Very Large Gas Carriers for transport of LPG through its partnership with BGN International.

  • Only 3,000 or so Assyrians still live in the wider Mardin province, which is part of the historical Mesopotamia region...

    Only 3,000 Assyrians still live in the wider Mardin province, which is part of the historical Mesopotamia region where some archaeologists believe wine was invented 2,700 years ago

    Subjected to discrimination most of the Assyrians have either relocated to Istanbul or emigrated to the West, reducing their number from 700,000 to 15,000 across Turkey today

  • The first agreement was signed between Careem and Kiwibot to develop food and grocery delivery robots.

    The first agreement was signed between Careem and Kiwibot to develop food and grocery delivery robots

    Majid Al Futtaim and Yandex have partnered to explore the independent technology solutions to enhance the scope of the last-mile delivery of Carrefour orders