The banking sector across the GCC has demonstrated formidable growth and profitability, with Qatar leading in several key performance indicators,...
Abu Dhabi, UAE--The UAE and Kenya have signed an investment memorandum establishing a framework for investment cooperation in digitalisation and...
FAB gained AED173.7 million in liquidity, closing at AED19.740, while ALPHADABI drew AED102.9 million, ending at AED24.040.FAB gained AED173.7 million in liquidity, closing at AED19.740, while ALPHADABI drew AED102.9 million, ending at AED24.040
The ADX-listed ADNOC Distribution was among big gainers, ending 1.09 percent higher at AED4.620, followed by ADNOC Drilling which closed 0.28 percent up at AED3.620
Only five football clubs in the region — Al-Fateh, Al-Hilal and Al-Faisali of Saudi Arabia, as well as Morocco's Al-Wydad...Only five football clubs in the region — Al-Fateh, Al-Hilal, and Al-Faisali of Saudi Arabia, as well as Morocco's Al-Wydad and Nahdet Berkane —have reported budgetary excess
Almost all other remaining Arab clubs -- including Al-Nasr, Al-Ittihad and Al-Ahly -- have posted deficits, according to the latest report 'The Financial East of Arab Clubs'
Sharjah has banned single-use plastic bags and materials in the Emirate of Sharjah as of 1st January 2024. It follows...It follows Sharjah’s efforts of making an environment-friendly emirate and its supportive plans of conservation, said reports
The ban was decided during a meeting of the Sharjah Executive Council (SEC) Tuesday morning at the Sharjah Ruler’s office.
- The government is committed to expanding the management consulting services sector's participation in enhancing industrial production processes and facilitating access...
Jordan's government views its partnership with the private sector as a cornerstone to achieve economic and social development
The ministry of industry, trade and supply's consulting council was established to formulate economic policy and legislation
- Qatar on Tuesday announced two major solar projects that will more than double its energy output from the renewable source...
The plants at Mesaieed and Ras Laffan will take Qatar's solar output to 1.67 gigawatts by the end of 2024, Qatar Energy said in a statement.
South Korean conglomerate Samsung will lead construction of the new solar plants, with an initial investment of more than $600 million.
Twitter misled users and federal regulators about glaring weaknesses in its ability to protect personal data, the platform's former security...Twitter's former security chief Peiter Zatko also accused the social media giant of significantly underestimating the number of automated bots on the platform.
The hacker-turned-executive Zatko, who goes by the nickname "Mudge," also claims that Twitter prioritizes growing its user base over fighting spam and bots.
Aldar Properties said Tuesday that it has recirculated AED8.8 billion ($2.39 billion) to the local economy through In-Country Value (ICV)...The ICV aims to boost economic performance and support local industries by redirecting higher portions of public spending into the national economy.
In its sustainability report, Aldar said that Aldar Projects also signed development project contracts worth AED8.5 billion, including 16 contracts with UAE-based companies.
- Sharjah Real Estate Registration Department (SRERD) has revealed that total transactions carried out in July 2022 amounted to 2,417 transactions...
The department's statistics reveal that Muwaileh Commercial area had the highest number of sales transactions in Sharjah,
SRERD monthly report showed that sales transactions were recorded at 24.3 percent
Dubai recorded real estate transactions worth AED1.7 billion ($472 million) on Monday, which included 562 sales transactions worth AED1.42 billion....The transactions included 75 mortgage deals of AED271.02 million, and 42 gift deals amounting to AED94.62 million.
The sales included 520 villas and apartments worth AED1.08 billion, and 42 land plots worth AED335.9 million.
- Cast metal sales rose 11% compared to H1 2021.
EGA noted this is its best ever half yearly performance as the first half of 2022 exceeded the net profit of entire 2021.
EGA's adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was $2.07billion in H1 2022.
