Business - TRENDS MENA

London, United Kingdom - The BBC, Britain's public broadcaster that is struggling with strained finances, on Thursday launched a paid...

Its net profit fell 53.8% in H1 of 2023 to US$0.92m.
Its earnings per share(EPS) declined to reach QR 0.059 as of 30th June 2023 versus EPS QR 0.128 for the same period in 2023
The company posted a 61.7% jump in net profit in 2022, reaching $2.69 million in comparison to a net profit of $1.67 million
The country ascends four spots in Kearney's 2023 Global Services Location Index, reflecting its thriving business environment and emergence as...
The Gulf country ascends four spots in Kearney's 2023 Global Services Location Index, reflecting its thriving business environment and emergence as a tech hub with 4,000+ startups
Jordan, Saudi Arabia, Qatar, Kuwait, Oman, and Lebanon debut on the Kearney's 2023 GSLI, while Egypt's ranking has dropped due to rising labor costs and digital focus deficit
New York, US - Wall Street stocks edged higher early Monday ahead of major economic reports and earnings releases later in...
US equities have continued to trend higher in July behind hopes that the Federal Reserve will soon relent on interest rate hikes
The broad-based S&P 500 added 0.3 percent at 4,593.56, while the tech-rich Nasdaq Composite Index advanced 0.4 percent to 14,370.18.
Washington, US - A Federal Reserve official left open the possibility on Monday of pausing or stopping interest rate hikes at...
To rein in surging costs of living, the Fed has lifted the benchmark lending rate rapidly since March 2022
While the full effect of policy will take time to ripple through the economy, inflation has cooled
Aldar recorded AED 2.1 billion in net profits for the first half of 2023.
It also achieved revenues of AED 6.3 billion dirhams, an increase of about 18 percent.
Aldar reported a record development sale of AED 11.6 billion with 10 new project launches year-to-date.
RIYADH, SAUDI ARABIA - The real GDP of Saudi Arabia grew by 1.1 percent in the second quarter of 2023,...
According to the report, seasonally adjusted real GDP decreased by 0.1 percent in Q2 of 2023 compared to Q1 of 2023.
GASTAT carries out all statistical work, as well as the technical oversight of the statistical sector in Saudi Arabia.
The announcement has angered environmental groups and comes amid an internal debate within the ruling Conservative party on green policies....
"Investment in the North Sea will continue to unlock new projects, protect jobs, reduce emissions and boost UK energy independence," PM Rishi Sunak's office said.
"The government is taking steps to slow the rapid decline in domestic production of oil and gas, which will secure our domestic energy supply," it said.
Paris, France - French winger Allan Saint-Maximin on Sunday signed a three-year deal with Saudi Arabia's Al-Ahli after leaving English club...
Saint-Maximin, 26, made 124 appearances for Saudi-backed Newcastle and scored 13 goals since joining from Nice in 2019.
The financial terms of the deal were not revealed but English press reports have estimated it to be in the region of $38.5 million.
ADNOC "is accelerating its decarbonization plan to advance its net-zero ambition to 2045, compared to its previous target of 2050,"...
ADNOC said it has "reduced its greenhouse gas emissions" by about 5m tons in 2022, mostly through the use of solar and nuclear energy, to power all of its onshore operations.
ADNOC CEO Sultan Al Jaber, who will head up COP28, has argued that fossil fuels will continue to play a key role, and that carbon capture technologies will contain emissions.
The company announces $95 million investment for expansion.
This investment adds to the initial commitment of AED 1 billion announced last year, Aldar said in a statement.
The acquisition of Kent College Dubai and Virginia International Private School will expand Aldar Education’s presence in the UAE, the company said.