Business - TRENDS MENA

Results of large US banks released underscored the boon from higher interest rates, as executives described the world's biggest economy...
JPMorgan and Wells Fargo both reported huge increases in second-quarter profits.
Citi experienced a drop, citing an anemic investment banking market for revenue drop.
The increases came after a federal judge in Manhattan partially dismissed the SEC's case against the creators of the XRP...
In a second day of gains, Ethereum was up 5.69 percent in the past 24 hours and Elon Musk-supported Dogecoin was up more than 7 percent.
Bitcoin, the main asset in the crypto space, was up 2.3 percent over the past 24 hours. Coinbase gained nearly 25 percent.
ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) on Friday issued its Financial Stability Report for 2022....
The report discusses global, local macroeconomic conditions, domestic asset markets and provides a detailed assessment of the UAE banking system.
The report also contains an analysis of other important developments across the UAE financial sector such as digitalization and sustainability.
Dubai, UAE -- A total of 3,626 real estate transactions worth over AED 13.7 billion ($3.72 billion) were conducted during...
The DLD report showed that 618 plots were sold for AED 6.19 billion, while 2,410 apartments and villas were purchased for AED 5.63 billion.
The top three transactions were three lands in Al Goze Second sold for AED 68.12 million, AED 67.92 million, and AED 67.56 million.
Riyadh, Saudi Arabia: Saudi energy and water desalination developer ACWA Power, along with Haji Abdullah Alireza & Co (HAACO) and Al...
The engineering, procurement and construction (EPC) contract was signed with a consortium of Power China, SEPCOIII, and WETICO.
ACWA Power currently operates the Rabigh 3 IWP in the same area, the first desalination plant of its size in the private sector.
Group sales grew 18 percent to $772 million in its Q1.
The performance was buoyed by a 46-percent surge in Chinese purchases of items including Burberry's handbags and famed trench coats.
Despite the upbeat trading update, Burberry's share price dipped 0.2 percent to £21 on the rising London stock market.
Abu Dhabi Investment Authority ($853 billion) and Kuwait Investment Authority ($803 billion) ranked fourth and fifth respectively, while Saudi Arabia's...
PIFs assets reached SAR 2.635 trillion $700 billion in June, increasing by $50 billion, compared to $650 billion in April.
With assets of over $475 billion, Qatar Investment Authority ranked 10th, according to SWF Institute data.
Dubai, UAE--The UAE and Mozambique have signed a memorandum of understanding (MoU) in the field of workforce to improve the...
The UAE minister said the MoU establishes an institutional partnership between the two ministries to maximize mutual benefits
He said the UAE government is keen to build partnerships around the world, which, he feels, builds trust in the country's labor market
Dubai, UAE-- Officials from Dubai Customs and Japan's consulate have discussed ways to boost trade cooperation between the two countries...
The officials noted how collaboration with Dubai was enabling Japan's traders and investors to expand their businesses in Dubai
The consulate officials conveyed their appreciation for Dubai Customs' role in combating drug smuggling across borders
Abu Dhabi, UAE-- The Crown Prince of Abu Dhabi and chairman of the Abu Dhabi Executive Council Sheikh Khaled bin...
The crown prince stressed the need for investing in early education and how it is integral to building a "future-ready generation"
In the meeting he noted the importance of achieving a fully integrated and sustainable roadmap, involving all stakeholders