Business - TRENDS MENA

The venture is an extension of Ares’ credit and secondaries platforms, which respectively had approximately $214 billion and $22 billion...
The JV seeks to capitalize on the anticipated growth and demand from general and limited partners for customized liquidity solutions for credit secondaries asset class.
Dave Schwartz will serve as partner and head of the credit secondaries strategy and a member of the Ares secondaries executive committee.
Dubai, UAE -- Dubai real estate market recorded real estate deals valued at more than AED2.3 billion ($626 million) on...
The deals included a total of 434 sales transactions worth AED1.83 billion, in addition to 86 mortgage deals of AED426.46 million, and 139 gift deals amounting to AED123.6 million.
The sales included 395 villas and apartments worth AED944.57 million, and 37 land plots worth AED889.15 million.
At its Annual General Meeting, ADNIC okayed 40% dividend.
The company’s gross written premiums increased by 20.1 percent to AED5.13 billion ($1.39 billion), compared to AED4.27 billion ($1.16 billion) for the same period in 2021.
ADNIC's net underwriting income was AED490.9 million ($133 million), compared to AED491.9 million ($134 million) for the same period in 2021.
Bard, ChatGPT and other similar artificial intelligence apps churn out essays, poems or computing code on command and have taken...
Google CEO Sundar Pichai told staff that after testing Bard with 80,000 Google employees, the chatbot would be tested with the public in US and Britain
People wishing to play with Bard can sign up on a waiting list at bard.google.com website, distinctly separate from the tech giant's search engine
The company posted an increase of 41.7% in profit.
The new fixed dividend policy stipulates that the company annually pays a minimum of 50% of its distributable net profit
The company also approved the appointment of the Fatwa and Sharia’ Supervisory Board members for the year 2023
If the company raided is guilty of antitrust violations, it risks large fines but can be granted immunity if it...
EU's executive arm said earlier its teams carried out unannounced inspections Monday at the premises of Red Bull.
EU authority is probing allegations the company violated antitrust rules that prohibit cartels and restrictive business practices.
The company had reported a net profit of $182 m for 2022.
A payout of 4.5 fils per share for the second half of 2022 would take the total dividend payment for 2022 to AED630 million ($171.5m)
The increased payout reflects higher global energy prices and the company’s good operational performance for the year, Dana said.
Dividend of 13.5 fils per share highest ever in company's history.
The dividend marks an increase of 1.5 fils per share on the 12 fils per share equivalent paid to shareholders in 2022.
Tabreed said it added nearly 55,000 refrigeration tons of new connections in the UAE and across the region.
Manama, Bahrain – The Central Bank of Bahrain (CBB) has issued treasury bills with a maturity period of 12 months....
The issue date of the bills is 23 March 2023 and the maturity date is 21st March 2024.
With this issue, the total outstanding value of government treasury bills reached BD2 billion ($5.3 billion).
Women in the region need to be patient, attentive, and teachable to succeed at building a business. The skills women...
Women in leadership roles can motivate next generation to work towards a sustainable future, says Maryam Al-Mansoori of Rebound Plastic Exchange
Women can get a head start on their career by picking the brains of successful businesspeople and getting their feet wet at a young age, she adds