Business - TRENDS MENA

Its net revenue for the quarter soared nearly 42%.

Bern, Switzerland-- Seeking to expand its industrial base, Saudi Arabia is keen to widen cooperation with Switzerland in the industrial...
They discussed boosting of ties in industry and mining sectors and how they can contribute to diversifying the economic base
The two countries continue to have strong ties in petrochemicals, construction materials, medicines, consumer products, manufacturing of precious metals, and jewelry
The US$218mn capital infusion will foster bank's growth.
With the infusion, Sharjah Asset Management, the investment arm of the Sharjah government, will be the main beneficiary, raising its stake in the bank to 40% from 17.16%
The chairman of the bank said total capital of the bank now stands at US$816 million, bolstering its financial position and increasing its ability to pursue new investments
Dubai, UAE - The UAE is on track to become a global hybrid working hub, a new report by Workspace...
98 percent of UAE businesses reveal that they would invest in hybrid workplace technology by 2024, compared to 89 percent globally
Employers are adopting a hybrid work system that is effective and efficient, with key steps being taken to create an effective hybrid strategy
Ping An had called on HSBC to engage in a "strategic restructuring" that would see it create a separately-listed bank...
Of the shareholders who voted, more than 80 percent opposed the call to break up the Asia-focused bank, HSBC said in a statement
The vote took place during HSBC's annual general meeting in Birmingham, central England, which faced disruption from climate protesters
Revenues also grew significantly to reach $3.26 bn.
Alpha Dhabi continues to pursue acquisitions and investments as part of its growth strategy and to this end the company partnered with Mubadala
The two companies aim to collectively deploy up to $2.5 billion over the next five years, leveraging Mubadala’s long-term and strategic partnership with Apollo
Sharjah, UAE-- Sharjah showcased its technology-enabled approach to the tourism industry at the Arabian Travel Market (ATM) 2023, highlighting the...
The emirate displayed cutting-edge technologies and groundbreaking concepts, offering a glimpse into the emirate's tourist destinations
A robot known as "Shj Al Guide" offered information, pictures, and promotional videos of events, activities, and tourist attractions in the emirate
“The United States is a long-standing trade and investment partner for the UAE – and an important ally in the...
The delegation held multiple meetings with leading Austin-based start-ups, deploying technologies such as AI, blockchain and quantum computing.
UAE minister Thani bin Ahmed Al Zeyoudi highlighted UAE’s unique innovation ecosystem during his meetings with US businesses.
Abu Dhabi, UAE - Emirates International Investment Company (EIIC) has acquired a 7.6 percent stake in Abu Dhabi Islamic Bank...
ADIB reported a growth in net profit of 54 percent to reach AED1.1 billion (0.29 billion), driven by significant growth as well as higher margins
The strong financial results for the Q1 2023 demonstrate ADIB's ability to weather challenging economic conditions and deliver robust financial performance
The airline was helped by "strong" demand from holidaymakers.
Net losses totalled $96 million in the first three months of 2023, down sharply from 787 million euros a year earlier, the aviation conglomerate said
Operating profit before exceptional items hit 9.0 billion euros in the quarter, which contrasted with a loss of 718 million last time around
Its operating profit came in at 60m euros.
The company booked a net loss of $43 million from January to March, compared to a profit of 482 million euros in the period a year earlier
Its operating profit came in at 60 million euros, a fall of more than 85 percent from a year earlier, while sales were almost flat at 5.28 billion euros