IHC net profit soars to US$8.9bn
The company's revenue for the year 2023 stood at US$16.33bn.Business
European markets surge as US jobs data batter rate cut hopes
"The markets continue to forge ahead despite a blowout jobs report from the US last Friday which seems to have...Business
Gen Z changes rules of the game for realty sector
Property developers are imitating their peers in retail and hospitality and catering to the tech savvy Gen Z tenants and...Property developers are imitating their peers in retail and hospitality and catering to the tech savvy Gen Z tenants and homeowners with more personalized products and services
Realty players need to concentrate more on lifestyle factors such as customer first, lifestyle led, data driven products, moving on from a focus on transactions to relationships
Broad money supply in Qatar reaches US$185.4bn in July
Social Security statements reached QR 78 million in July 2022, for 14,495 beneficiaries, recording a monthly decrease of 0.2% for...General index of the Qatar Stock Exchange increased in July 2022 at a monthly rate of 9.7% compared to June 2022.
Cash equivalents; including Commercial Bank Deposits, attained for approx. QR 965 billion ($265bn) during July 2022.
Clean energy is key for Indonesian economy, says IEA
Indonesia has a viable path to reaching its target of net zero emissions by 2060, bringing major benefits to its...Key policy reforms and international support will be crucial to the success of the clean energy transition in the world’s fourth most populous country.
The clean energy transition offers huge opportunities for the next chapter of Indonesia’s development as it seeks to become an advanced economy by 2045.
‘Turkey can mediate Ukraine nuclear plant standoff’
Turkey can mediate in a standoff over Ukraine's Zaporizhzhia nuclear power station, occupied by Moscow's troops, President Recep Tayyip Erdogan...Erdogan had warned of the danger of a nuclear disaster when he visited Lviv last month for talks with his Ukrainian counterpart Volodymyr Zelensky.
There has been growing alarm over the safety of Europe's largest nuclear plant, Zaporizhzhia
UAE keen to work with global partners to address energy issues
A senior UAE official at the Ministry of Energy and Infrastructure said that his country is committed to collaborating with...The UAE is at the forefront in efforts of energy diversification and adoption of sustainability-driven technology to achieve climate neutrality.
During the G20 Energy Transitions Ministerial Meeting, G20 Energy Ministers and major international energy organizations discussed key issues facing the sector.
Google allows Parler app back into Play Store
Google pulled the Parler app from its online marketplace just days after the deadly attack on the seat of US...Parler was allowed back in the Play Store after removing abusive posts and blocking users who break the app's rules
The app claimed to have more than 20 million users before being pulled from the Apple and Google online marketplaces.
Ajman Bank and Mastercard collaborate to launch Touch Card
Ajman Bank and Mastercard have partnered to launch Touch Card, a payment card that will allow blind and partially sighted...The Touch Card has been designed to work with point-of-sale terminals and ATMs
Moza Al Akraf Al Suwaidi, Undersecretary of the Ministry of Community Development, said it aligns with UAE’s social and community goals to promote an inclusive environment
Number of UAE bank employees surged to 34,330 in H1 2022: CBUAE
In its June 2022 report, CBUAE noted that the number of employees in the country’s banking sector increased to 34,332...CBUAE report noted that the number of employees in the country’s banking sector increased to 34,332 during H1 2022
A total of 27,545 employees work in national banks and 6,787 employees for foreign banks operating in the country
Market cap of Egypt’s bourse vaults by US$2.7bn in August
In spite of monetary policy tightening, Egypt has seen the market capitalization of its stock exchange vault by $2.7 billion...The market capitalization of listed companies’ shares grew 8.2 percent in August to $35.63 billion from $32.91 billion by July end
The total value traded during the month reached $5.2 billion, with a total of 6.6 million securities executed
TAQA to buy AlMansoori
The Saudi firm will buy UAE company for an unknown sum.The buyout is part of company's plan to expand TAQA’s Well Services business into the wider Middle East and North Africa region
AMPS will add complementary products and services to TAQA’s portfolio, including Early Production Facilities, Well Testing, Slickline, and Marine Stimulation Vessels
