Business - TRENDS MENA

Washington, United States -- The Trump administration has exempted a raft of consumer electronics from its punishing import tariffs --...

In the wake of reporting a drop in profit during the first three months of the year, the bank aims...
According to media reports, the bank at the end of last year trimmed nearly 2 percent of its staff or some 1,600 positions
Financial institutions have been hit hard by a slump in dealmaking caused by the Fed's fight against inflation and the banking crisis
SHARJAH, UAE - Over 3.8 million passengers traveled through Sharjah Airport in the first quarter of 2023, recording a 28.01...
The aircraft movement in Q1 of 2023 rose by 9.02 per cent, with 23,261 flights compared to 21,336 flights during the same period in 2022.
There have been continued efforts by Sharjah Airport Authority to increase passenger numbers and aircraft movements.
She was highlighting key industry challenges such as environmental pressures and rising costs, during the opening of the Sharjah International...
Prominent booksellers, publishers, and experts from 69 countries participate in Sharjah International Booksellers Conference, which facilitates discussions on industry trends
Sustainability, generative AI, industry transformation remain prime focus of the discussion as Sharjah emphasizes the importance of collaboration and effective communication
The share buyback is expected to enhance shareholder value.
The shareholders recommended Eshraq increase the shareholder distribution via an increased share buyback program.
The buyback will capitalize on the current share price discount compared to the company’s book value.
Abu Dhabi, UAE - ADNOC Gas announced Monday a three-year supply agreement with the TotalEnergies Gas and Power Limited for...
Under the deal, ADNOC Gas will supply TotalEnergies LNG, which will be delivered to various export markets around the world.
"This agreement reflects our commitment to meeting the needs of our customers by offering supply security," said CEO ADNOC Ahmed Alebri.
Abu Dhabi, UAE - Etihad Cargo added a fourth gateway destination to its Chinese network with the introduction of weekly...
With the start of two weekly freighter services between Abu Dhabi and Wuhan, Etihad Cargo will operate a total of ten freighter services to China.
The flights between Abu Dhabi and Wuhan will give Etihad Cargo's partners and customers greater accessibility to 25 domestic Chinese destinations.
ABU DHABI, UAE - AD Ports Group has announced plans to expand its fleet by purchasing five bulk carriers and...
These vessel acquisitions will follow the recently signed agreements as part of the Group’s strategic global expansion objectives.
The five bulk carriers, to be purchased for AED459 million, form part of the long-term agreement with Saif Powertec, signed in April 2022.
The Planning and Statistics Authority (PSA) said Monday , the PPI of March 2023 for the Mining and Quarrying showed...
The PPI include four main industry sectors-- mining (82.46 percent), manufacturing (15.85 percent), electricity (1.15 percent) and Water (0.52 percent).
The prices decrease is seen in refined petroleum products by 2.39 percent, followed chemicals and chemical products by 0.95 percent
Manama, Bahrain - Bahrain has taken steps to ban from its markets the contaminated cough syrups made in India in...
The National Health Regulatory Authority (NHRA) on Sunday confirmed that the Kingdom's markets are free of Indian cough syrup
The Authority has reassured the public that it is committed to ensuring the safety of medicines and pharmaceuticals circulating in the Kingdom
With its assets standing at $233 billion at the end of March, First Republic would be the second largest bank...
JPMorgan will assume "all deposits, including those uninsured, and a majority of the assets," California's Department of Financial Protection and Innovation said
First Republic had failed to come up with a workable rescue plan and last week disclosed that it had lost more than $100 billion in deposits in the first quarter