Crypto soars in MENA even as it loses sheen elsewhere
A tech-savvy population sees cryptocurrencies a safe investment option as governments adopt progressive regulatory frameworks, offering innovation and investor protection.Business
Air Arabia Egypt marks its first flight to Istanbul
CAIRO, Egypt – Air Arabia Egypt on Sunday commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen...Business Geostrategy Aviation
Multiply Group profit soars
Its Q3 revenue posted a 24 percent jump to US$96 million.The group posted a 337 percent increase in net profit, excluding fair value changes, to $90.12 million for Q3 2023
It acquired a 55% majority stake in Media 247, a leading UAE outdoor advertising firm, at an investment of $61.26 million
Navigating the complex landscape of cyber insurance
The cyber insurance industry will persistently evolve as the threat landscape expands. As the criteria for insurability rise, enterprises shouldn't...Due to escalating cybercrime, insurance premiums have surged, with 85% of organizations falling victim to ransomware attacks in 2022 alone.
Insurance is a part of a broader digital resilience strategy, and businesses confront a 'reality gap' between perceived and actual data protection levels.
EasyLease Q3 revenue $57.66m
It's net profit was AED 26.5 million ($7.21m) in Q3 2023.it's net profit was AED 26.5 million ($7.21m) in Q3 2023, compared to AED 32.73 million ($8.91m) YoY over Q3 2022.
Cost-effectiveness, exceptional maneuverability and expedited travel, are driving the popularity of two-wheelers in the UAE.
Mawani, SGP ink US$266m pact
The aim is to establish multiple logistics zones in the Kingdom.The objective is to establish logistics zones that will enhance efficiency of the sector, improve service quality and generate additional job opportunities.
This initiative is expected to strengthen the role of the logistics sector in supporting the national economy.
World Investment Forum 2023 ends with call for greater private and public investment
Abu Dhabi, UAE – UNCTAD's 8th World Investment Forum came to a close on Friday in Abu Dhabi with a...The week-long event saw the convergence of 8,000 participants, including government officials, international organizations, policymakers, 700 CEOs and investors
Held against the backdrop of a fragmented global economy, the forum addressed the profound impact on global trade and investment
Volkswagen revenue up
The automaker made sales to the tune of US$83.5bn in Q3.The automaker's operating profit for the quarter also increased, to around $5.19 billion, on an operating margin of 6.2 percent.
The company's sales saw a 20-percent jump in Western Europe, delivering 2.34 million vehicles over the July-September period
Palms Sports posts Q3 profit
Its revenues rose 77% to US$92m in the same period.The company's revenue from contracts climbed 77% in Q3, surging from $58.43 million to $92 million
Its CEO and MD Fouad Darwish said they expect Q4 to "a healthy growth year for Palms Sports"
KSA, Kuwait lead as Islamic banking prospers in GCC
With the support of Vision 2030 projects and a surge in real estate lending, the banking sector's performance in the...With the support of Vision 2030 projects and a surge in real estate lending, the banking sector's performance in the Gulf region has been commendable, says a report
Despite challenges such as intricate transactions and the demand for universal standards, the potential of financial technology and green financing is immense, it adds
Lebanon national carrier halves flights amid fears of Israel war
BEIRUT, LEBANON -  Lebanon's national carrier on Friday said it was cutting more than half of its flights as tensions along...Only eight of the Middle East Airlines company’s 22 planes would operate as of next week, with the rest of the fleet relocated to other airports.
Other airlines, including Swiss International Air Lines and Germany's Lufthansa have already temporarily suspended Beirut flights,
DCT signs MoU with Microsoft to transform Abu Dhabi tourism
Dubai, UAE -- The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) and Microsoft have signed an...Activities under the MoU will also drive growth, foster innovation and enhance knowledge among DCT Abu Dhabi employees.
The MoU spans across the optimization, automation, and modernization of IT and security infrastructure and will be enabled by Microsoft’s cloud computing platform Azure.
