London, United Kingdom - The head of Britain's Telegraph Media Group has stepped down, the company announced on Friday, as the...
DUBAI, UAE – Developments in Artificial intelligence (AI) have been impacting businesses, governments and economies across the world. Advancements in...
Dubai’s Palm Jumeirah has seen its sales and prices touch newer levels during the last few years, spurred by strong...More than half of multi-million dollar homes sold in Dubai in H1 are Palm properties
The average transacted prices for residential units on the man-made island stood at 2,100 dirhams ($571) per square foot in the second quarter of 2021
Cyber criminals have targeted an organization in UAE 295 times per week on an average in the last six months....The most impacted industry is the finance and banking sector with 407 weekly attacks per organization, says a report.
Most organizations had at least one employee download a malicious mobile application, which threatens their networks and data.
DXB is currently serving 68 percent of the destinations in 94 percent of the countries on 70 percent of the...Dubai Expo 2020 and Dubai Airshow 2021 may increase passenger numbers in months ahead, says CEO.
India DXB’s top destination country by traffic volume in H1 with passenger numbers exceeding 1.9 million.
TAQA, the Abu-Dhabi government’s energy holding company, has reported a 42 percent jump in its net income for HI 2021...Company says revenues up 11 percent year-on-year due to higher oil and gas commodity prices
The company recorded revenues of AED 22 billion, 11 percent up on the previous year, due to higher commodity prices in the oil and gas segment
In a sign of economic rebound in Saudi Arabia, banks in the kingdom are reporting better than expected financial results...In the second quarter of 2021, Saudi banks reported a net profit of $2.94 billion
The Saudi British Bank (SABB) saw the highest growth among nine Saudi banks that reported a rise in their quarterly incomes
Following a 2018 reform in the Kingdom that allowed for a first time the 100 percent foreign ownership of companies,...In none of the quarters since 2005 has such a number of licenses been issued, according to Saudi investment ministry.
Manufacturing sector accounted for the bulk (114) of new licenses issued followed by e-commerce and construction (78 each).
The UAE is the highest ranked in the region, and the fourth country globally, in terms of overall global connectedness.Ranks third among the world’s seven regions and is well above the global average.
UAE is the highest ranked in the region, and the fourth country globally, in terms of overall global connectedness.
Higher fuel volumes, improvement in non-fuel and commercial gross profit margin and increased operational efficiencies made in the first half...The company’s fuel volumes saw progressive recovery towards pre-COVID-19 levels.
In H1 2021, the company received no objection certificates from the Saudi General Authority for Competition to acquire 35 stations in the kingdom.
- The owner of Dubai Mall attributes 80 percent jump in net to recovery in retail sector.
Mall operator reports higher visitor spends, online sales
Net profit for January to June 2021 reached 622 million dirhams ($169 million), registering an 80 percent increase
Nigeria was the largest West African export market for member companies, accounting for a 32 percent share of the value...Plastics accounted for 31 percent of exports, followed by electrical machinery/electronics (14 percent)
Commodities with the highest untapped potential for export and re-export include polyethylene, sugar cane and rice, trigger batteries.
