Business - TRENDS MENA

Riyadh, Saudi Arabia -- Total bank credit granted to the public and private sectors in Saudi Arabia reached its highest...

Dubai, UAE - Dubai-based consumer technology holding group Astra Tech has launched the world's first "Ultra app" - Botim 3.0. ...
The app is a combination of fintech, e-commerce, and GPT, built on top of a communication platform
Botim GPT is an executional GPT that leverages AI to execute tasks and process transactions through conversation
The firm recorded a jump in the net profit to US$3.73mn.
In 2022, Beema achieved gross written premiums of $108 million, an increase of 6.8 percent from 2021
It reported a total shareholders' income of $28.46 million and a total shareholders' profit of $15.54 million in 2022
Jeddah, Saudi Arabia -- Center3, a connectivity company owned by stc Group, and Meta Company announced on Tuesday the landing...
The project, a part of the 2Africa subsea cable consortium, is geared tow making Saudi Arabia a global digital hub linking three continents of the world - Asia, Africa and Europe.
With over 45,000 km of length, the project will connect 33 countries by the completion of the project in 2024, delivering reliable connectivity and internet services
The oil field discovery is set to yield a daily production of up to 100,000 barrels that will help Turkey...
Erdogan said in a speech that Turkey has already begun supplying "high-quality" oil to refinery, with a productivity rate reaching about 100,000 barrels per day
The president said that with reserves worth "tens of billions" of dollars, it will shore up Turkey's energy prospects and contribute to its economic growth
Its consolidated revenues rise to US$3.53bn in Q1 of 2023.
Etisalat by e& added 13.9 million subscribers in the UAE, a 6 percent increase as against the same period of last year
According to Brand Finance, e& has strengthened its position as the most valuable brand in the MENA region
“These positive growth levels are driving both the urgency and confidence for communication service providers (CSPs) to undertake significant investment...
Communication service providers are focusing on upgrading network security, expanding services to underserved communities, and capitalizing on new market opportunities.
Challenges include maintaining quality service, addressing API risks, and ensuring app availability and security. Also, IPv6 transition isn't easy due to scarcity of IPv4 addresses
Profit fell on declining COVID-19 vaccine revenues.
Shares of the pharma giant edged higher as Pfizer CEO touted an "unprecedented" number of new launches.
Revenues fell 29 percent to $18.3 billion following a $10 billion drop from COVID-19 vaccine Comirnaty.
With the Federal Open Market Committee (FOMC) widely expected to raise its base rate a quarter-point on Wednesday, analysts will...
In March, the Fed held off a larger rate hike, instead opting for a quarter-point rise amid a banking crisis unleashed by SVB's collapse.
Like the Fed's previous rate decision, the meeting on May 2 and 3 takes place shortly after one of the largest bank failures in American history.
DUBAI, UAE- DIFC Academy announced a collaboration with PwC’s Academy to offer a globally recognized diploma program aimed at upskilling...
Under the deal, DIFC Academy will offer the UAE Corporate Tax Diploma Program in collaboration with PwC’s Academy.
The program was announced in preparation for the UAE Federal Corporate Tax Law, which comes into effect June 1, 2023.
FRANKFURT, GERMANY - Eurozone banks tightened lending criteria in the first quarter at their fastest pace since the 2011 sovereign debt...
A net 27 percent of banks reported a tightening of credit standards for loans to companies, meaning it is harder for the enterprises to borrow.
Demand for housing loans declined, while there was a smaller decrease in consumer credit and other lending to households.