Business - TRENDS MENA

ABU DHABI, UAE- Gold prices hovered near a month high on Friday after data suggested easing US price pressures, while...

It posted 15% jump in revenue for Q1 to AED5.068 billion.
Rise in hospitality and commercial activities in Dubai, in part due to the easing of Covid-related restrictions worldwide, has contributed to the robust demand growth
DEWA currently provides its services to 3.5 million Dubai residents and the Emirate's active daytime population of over 4.7 million
Lebanese activists Friday rolled out mock banknotes featuring paintings of a gutted central bank or the Beirut port explosion to...
The collapse of the Lebanese pound and frozen bank accounts have left Lebanon with a confusing currency system
The dollars stuck in accounts that citizens can only withdraw in Lebanese pounds at a fraction of their original value are known locally as "lollars"
Net profit was up 41 percent year-on-year to AED306 million.
Total assets and total equity reached AED34.085 billion and AED17.770 billion, respectively, at the end of Q1 2022.
Adjusted EBITDA for the period increased by 34 percent year-on-year to AED524 million.
Elon Musk said he is putting his bid to buy Twitter on hold, a few weeks after agreeing to take...
The sharp rise in the price of Tesla shares before the opening bell Friday singled rising doubts that the acquisition of Twitter will take place
Money from the new investors cuts the amount borrowed on the value of Tesla stock to $6.25 billion, according to the filing
Losses came in at 3.9 billion dirhams ($1.1 billion) in the 2021-2022 financial year to March, with revenues up 91...
The carrier said it received a capital injection of $954 million from its owner, the government of Dubai, to help it survive the crisis.
Over the fiscal year, Emirates carried 19.6 million passengers, up by 197 percent from the same period the previous year.
Kayvon Beykpour, a general manager, said he was ousted from the company.
Musk's $44-billion deal to buy Twitter was announced last month but still needs the backing of shareholders and regulators.
Musk's endorsement of a Trump return triggered fears among activists that Musk would "open the floodgates of hate."
The company reported financial results for 3 months ended March 31
The company delivered strong performance underpinned by its contracted utilities businesses and boosted by higher commodity prices
The Group revenues increased to AED 12.4 billion, 20 percent higher than the prior-year period, primarily due to higher commodity prices within the Oil & Gas segment
The companies must also strive for more delegated authority and accountability as delays and poor follow-up lead to disaster, says...
The firms must strive for more delegated authority and accountability as delays and poor follow-up lead to disaster, says Rabih I Khoury, Partner & Chief Exit Officer, MEVP
Also needed is the use of technology to facilitate communication and digital processes implementation and leverage mature SaaS functionalities through mobile apps, he says
Amanat recorded a total income of AED46.9 million
The company recorded total income of AED 46.9 million, an increase of 40 percent on the AED 33.5 million recorded in Q1-2021
Adjusted net profit rose to AED32.1 million in the quarter, a 39 percent increase on the AED23.1 million reported in the same quarter of the last year
The company raised its H1 2022 dividend guidance to at least $700 million.
Adjusted net income in Q1 2022 was $361 million, increasing by 332 percent year-on-year.
In March, Fertiglobe was announced as a founding constituent of the FTSE Russell ADX 15 Index.