Business - TRENDS MENA

Abu Dhabi, UAE-- The banks in the UAE increased their credit facilities for the business and industrial sectors by around...
The banks raised their credit balance for the two sectors by $2.23 billion in May 2023, a monthly increase of 1.11 percent
Abu Dhabi banks provided around $100.74 billion until the end of May, while Dubai banks lend some $96.31 billion
The company attributed growth to increased volume across key sectors.
On a like-for-like basis (LFL), which excludes the impact of M&A activity, the revenue growth was still significant, reaching 44 percent YoY
The growth drivers were primarily the Maritime Cluster with a substantial 208 percent YoY increase, followed by the Digital Cluster with 26 percent
Firm to supply 600,000 tons of fertilizers to BADC.
The renewal is further proof of the company’s commitment to meet global market demand for phosphate fertilizers.
Ma’aden supplies approximately 42 percent of Bangladesh’s estimated requirement of diammonium phosphate.
Moscow is open to equal defense cooperation with all nations seeking to protect their interests, Russian President Vladimir Putin said...
The Russian leader stressed that the forum had earned recognition as one of the world’s largest exhibitions of advanced military equipment.
Putin said the event makes a significant contribution to the development of Russia’s multifaceted ties with other countries.
Abu Dhabi, UAE – Real estate markets of UAE capital Abu Dhabi and Dubai demonstrated resilience in the face of...
A report by Asteco, a full-service Real Estate company, said approximately 1,400 apartments were added to the Abu Dubai market during Q2 2023.
Average apartment, villa, and office rental rates in Dubai increased by 6 percent, 3 percent and 6 percent respectively over the quarter.
Net profit was affected by higher interest rate.
For the first six months of 2023, Agility’s net profit stood at US$95.5 million.
There was an increase in debt for financing the firm’s acquisitions last year.
MOSCOW, RUSSIA - The international military-technical forum Army-2023 opens at the Patriot Congress and Exhibition Center here. About 1,500 prominent...
About 1,500 prominent Russian companies of the military-industrial complex will present their products.
85 foreign companies and organizations from seven countries will also participate in the forum.
Los Angeles, United States - Warner Bros.' hit "Barbie" dominated North American box offices for a fourth consecutive week, industry estimates...
Industry watcher Exhibitor Relations estimated this weekend's haul for "Barbie" at $33.7 million, bringing its domestic total to $526 million.
Starring Margot Robbie as the iconic doll and Ryan Gosling as boyfriend Ken, "Barbie" has earned a whopping $1.2 billion worldwide.
ABU DHABI, UAE – ADNOC and the National Central Cooling Company (Tabreed) on Monday announced a breakthrough following the conclusion...
The landmark project, the first in the Gulf region, is set to decarbonize the cooling of buildings in Masdar City.
The project will further diversify the UAE’s energy mix and support the National Energy Strategy 2050.
The network runs on clean energy from world's largest carbon-neutral grid.
This is made possible through the utilization of more than 750,000 solar panels, as well as through the implementation of purpose-designed towers for this network.
RSG is the multi-project developer behind the ambitious regenerative tourism destinations, The Red Sea and Amaala.