The bank achieved a Return on Equity of 27.1 percent.
The new projects are estimated to value US$26.14 billion.
Twitter said that the deal for Musk to acquire the company was a step closer to being sealed with the...Twitter said that the deal for Musk to acquire the company was a step closer to being sealed with the passing of a deadline
Musk became a major Twitter stockholder following his purchase of 73.5 million shares in early April
Ankara has also offered to help secure maritime corridors for the export of Ukrainian grain therefore Russian Foreign Minister Sergei...Ukraine's envoy to Ankara accused Russia of "stealing" grain and exporting abroad and said "we asked Turkey to resolve the issue"
Ankara has maintained a delicate balancing act with Kyiv and Moscow, acted as mediator in the conflict
Grubtech’s entry into Egypt’s $22 billion food service industry highlights its rapid growth since being established less than three years...Grubtech’s entry into Egypt’s $22 billion food service industry highlights its rapid growth since being established less than three years ago
The company recently secured $13 million in Series A funding to support its aspirations to become the platform of choice for restaurants and cloud kitchens
A 52-year-old Briton has been arrested in Dubai over a $1.7 billion dividend-tax fraud case in Denmark, the Gulf emirate's...They said the arrest was carried out in close cooperation with Emirati authorities and under a bilateral extradition treaty signed in March 2022
Danish authorities welcomed the arrest and said the Danish public has been defrauded a staggering amount and should not be possible for perpetrators to hide in the Middle East
The Barakah Plant will help in the decarbonization of the power sector in the UAE and the Arab WorldENEC, KEPCO discussed prospects for future cooperation and exploring the opportunities available in the nuclear energy sector
The overall completion rate of the Barakah Plant is now over 97 percent and the first and second units are producing electricity
About 25% of ransomware data theft attacks in the GCC are reported from the UAE followed by Saudi Arabia (15.5%),...Home networks in the UAE were a magnet for cybercriminals who targeted systems, devices, and networks
Saudi Arabia's Wired Telecommunications Carriers and Other telecommunications sectors ranked as the most targeted industries within the country
Wafi will also operate car services for Shell Global in the kingdom.Shell Global is the largest operator of gas stations and car services in the world.
Shell Global will transfer the latest expertise to Saudi to provide the latest technology.
Restaurants and hotels that were decimated due to Covid-19 showed a strong recovery in May, adding 84,000 positions, the data...The jobless rate held steady at 3.6 percent for the third consecutive month
Employers have struggled to fill open positions, which has pushed wages higher
UAE economy to improve in 2022 as the country's financial reserves reflect solid growth, a strong financial system and resilient...The UAE in 2022 is keen on increasing the competitiveness of the private sector, said the Economic Advisor, Ministry of Economy.
The UAE government launched an economic stimulus package of AED 388 billion, said a senior official of the Ministry of Economy.
- Egypt is expecting to rake in $3.5 billion in revenues from the Suez Canal during the first half of 2022,...
Revenues from the canal have increased by around 23 percent in May 2022, compared to the year earlier, to reach $657 million
Rabie attributed the high revenues to the growth of the global economy, the continued recovery of global trade, pricing policy and the Canal’s fee rise
