Business - TRENDS MENA

Led by GACA President, the meeting featured the British Ministry of Transport, the SBJBC, and key aviation industry leaders.

The bank attributed the profit to higher funded and non-funded income.
Expenses increased 22 percent YoY, Impairment Allowances decreased 23 percent YoY reflecting improved business sentiment.
The bank's total assets increased to AED 73 billion, customer financing stood at AED 48 billion, rising 12 percent from 2021.
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Federal Chancellor of the Republic of Austria Karl Nehammer met in...
Leaders of UAE and Austria affirmed their interest in strengthening bilateral relations, especially in technology, energy, innovation and food security.
The two leaders underscored the importance of taking action to ease tension and promote dialogue to resolve crises with humanitarian, economic and food security implications.
The US economy rebounded in the third quarter, expanding for the first time this year in welcome news for President...
The latest GDP figures reflect increases in exports, consumer spending and government spending, said the US Commerce Department.
Gross domestic product rose at an annual rate of 2.6 percent in the July to September period, according to Commerce Department data.
Egypt and International Monetary Fund have reached a staff-level agreement on the economic policies to be supported by a 46-month...
The Extended Fund Facility with a requested access of about US$3 billion, aims to provide Egypt with balance of payments and budget support, said an IMF official.
EFF will also help in catalyzing additional financing from Egypt's international and regional partners to maintain economic stability.
Retail sales declined in its main markets Europe and the US.
Volvo Cars was hit hard by rising raw material prices, record inflation, higher interest rates and the war in Ukraine.
Revenue rose to $7.28 billion boosted by "robust" demand for the company's SUVs.
Match fees are however separate from annual pay packets -- there will still be enormous differences between what men and...
Board of Control for Cricket in India (BCCI) secretary Jay Shah said, "We are implementing pay-equity policy for our contracted @BCCIWomen cricketers."
Shah said that men and women players will now get 1.5 million rupees ($18,000) for each Test, 600,000 rupees for one-day internationals and 300,000 rupees for T20 internationals.
Firm said surging oil, gas prices helped it post massive profits.
Net profits at TotalEnergies soared 43 percent from the same period last year with record performances for its natural gas and liquefied natural gas activities.
The firm has now earned $17.3 billion over the first nine months of the year, more than the $16 billion in profits it posted last year.
Switzerland's second-biggest bank launched a strategic review aimed at putting an end to a series of scandals that have shaken...
Credit Suisse also said expects to run the bank with approximately 43,000 staff by the end of 2025 compared to 52,000 at the end of September
Its investment bank suffered a loss of 3.7 billion Swiss francs in 2021 and backed that up with a 992 million Swiss franc loss in the first half of 2022
It, however, reported a 3.79% increase in sales.
The third-quarter results are the first year-on-year decline in profit in nearly three years for Samsung Electronics, the world's biggest smartphone maker
Operating profit for July to September 2022 fell to 10 trillion won ($7 billion), down from 15.8 trillion won for the same period last year, the company said
According to a TRENDS poll, fear of being robbed online by fraudsters prowling on the web is keeping many MENA...
Some 36.4 percent of respondents still shop in malls or stores most of the time, while 27.8 percent buy their stuff online
Some 21.1 percent of MENA customers said that falling victim to online fraud had left them wary of using online services.