UAE banks ride on growth, operational efficiencies
The country's banking sector emerges stronger, showcasing resilience and profitability with a notable 54.1% increase in net income, says a...Business Banking & Finance
Manufacturers pack smartphones with AI tools to boost sales
Barcelona, Spain - Smartphone makers are packing their latest devices with flashy new artificial intelligence tools such as real-time voice translation...Business
Easy Metaverse norms to keep region ahead
The Gulf countries still need to develop more laws since the use of Metaverse and Blockchain will expand in only...There is a need for assessing the role and impact of Metaverse and Blockchain in the GCC region, says MILLION CEO Julien Hawari
GCC countries still need to develop more laws since the use of Metaverse and Blockchain will expand in only some regions, he adds
Algeria discovers ‘important’ gas deposit in Sahara desert
Algerian state energy firm Sonatrach announced Monday the discovery of an "important" deposit of gas condensate in the Hassi R'mel...The deposit is estimated to have between 100 and 340 billion cubic metres of gas condensate
In May, the Algerian firm signed a memorandum of understanding with Italian giant Eni to boost gas exploration in the North African country
‘Not enough GCC women employed in STEM sector’
Christine Harb, CEMEA Vice President of Marketing at Visa, believes that the workplaces should offer the right flexible benefits for...Christine Harb, CEMEA Vice President of Marketing at Visa, believes that workplaces should offer the right flexible benefits for women to join
The role of the women at the technological workplaces in the GCC is evolving with Metaverse, Harb said
Oil prices climb up as Wall Street stocks post losses
Oil prices bounced and Wall Street stocks declined Monday, reversing the most recent trends as markets eye the end of...The broad-based S&P 500, which has fallen about 14 percent since the end of the first quarter, shed 0.3 percent on Monday
Economists are increasingly pessimistic about the potential for US policymakers to engineer a "soft landing" as central banks tighten monetary policy
UAE strengthening exhibition sector: Al Midfa at CEO Summit
The Expo Center Sharjah participated in the “Global CEO Summit 2022” to improve international cooperation, and forecast the future of...The summit is organized by the Global Association of the Exhibition Industry (UFI) in Hamburg, Germany from June 22 to 24.
The Center stressed its presence at the summit reflects its keenness to follow up on the developments related to global exhibition industry.
Saudi-Italian space agencies ink pact on cooperation
The Saudi Space Commission and the Italian Space Agency sign a memorandum of understanding for enhancing cooperation in the field...Saudi Space Commission, Italian Space Agency sign an MoU to enhance cooperation in space-related activities for peaceful purpose
Federation of Saudi Chambers and General Confederation of Italian Industry ink an MoU to establish a joint Italian-Saudi business council
Qatari private exports value surge by 46 percent in Q1 2022
Qatar Chamber (QC) said in its quarterly report that the export value of private sector in Q1 2022 hiked to...During Q1 2022, Asian countries (except GCC and Arab countries) received 50.4 percent of total exports valued QAR 3.89 billion.
India was the top business partner receiving exports valued around QAR 1.79 billion representing 32.2 percent of total exports.
UAE’s Ministry of Energy and Infrastructure wins DACA Awards
The UAE Ministry of Energy and Infrastructure received the 'Sustainability Leader in Shipping' award and a 'Decarbonization Champion in Power...The UAE Ministry of Energy and Infrastructure was received the Sustainability Leader in Shipping award
The ministry also got a Decarbonization Champion in Power Sector award during the Decarbonization and Climate Action Awards
Chimera Capital launches two funds
The funds are Shariah-compliant and fully fungible exchange-traded funds.Both funds will be listed on Abu Dhabi Securities Exchange (ADX).
The new Shariah-compliant ETFs will offer UAE investors direct access to US equity markets, further expanding Chimera’s product offering, the company said.
1,600 African companies join Dubai Chambers since Oct 2021
Over 1,600 new African member companies have registered with Dubai Chambers since October 2021, growing 6.5 percent to reach 26,420...The number of African firms grew 6.5 percent to reach 26,420 today, the Chambers said.
A total of 550 bilateral business meetings were held on the sidelines of Global Business Forum Africa last year,
