Record-breaking home sales in Dubai’s upscale market in 2023
Dubai, UAE – Sales of properties worth more than $1.35 million and $2.70 million in Dubai hit record levels in 2023,...Business
CBUAE cancels license of First Insurance Brokers Company
ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) has cancelled the license of First Insurance Brokers Company...Business Banking & Finance Geostrategy
DIMC, P&O Marinas ink deal to promote marine sports in Dubai
The deal they signed is expected to support the development in various activities and events in the field of marine...DIMC is the government entity responsible for organizing marine sports activity in the emirate
Dubai-based marina operator and yacht destination P&O Marinas is a subsidiary of DP World
‘Swissleaks’ investigation targets Credit Suisse bank
A cross-border media investigation broke Sunday claiming that Switzerland's second-largest bank had held tens of billions of dollars of ill-gotten...A cross-border media investigation broke Sunday claiming that Switzerland's second-largest bank had held tens of billions of dollars of ill-gotten funds
Credit Suisse rejected the "allegations and insinuations" in a statement Sunday, saying that many of the issues raised were historical, some dating back as far as the 1940s
Covid-19 shakes up GCC’s in-demand job profiles
Now, the fastest-growing job profiles in the GCC include a mix of both pandemic-resultant and non-pandemic-resultant positions.Traditional jobs such as healthcare personnel and core corporate operations are still in high demand around the world
Employment rates in the Gulf region have risen by 40% annually, thanks to the UAE and Saudi Arabia
Gulf travel industry rides on frequent innovations
While biometric identity management systems have helped improve the pandemic-like situation to some extent by enabling officials at border gates...Adoption of advanced technologies for border control management have their share of risks. Also, the integrity of data sets can be corrupted through targeted attacks.
The biometric identity management systems have helped improve the pandemic-like situation to some extent by enabling officials at border gates to identify passengers at faster rate
Jordan apprises US delegation of trade opportunities in kingdom
A workshop held by the JCC and working meetings with a number of ministers and representatives of official entities, universities...The joint cooperation is to support economic cooperation, scientific research and joint business development
The delegation met King Abdullah, and was briefed on trade and investment opportunities in the Kingdom
Nahdi posts $226million profit
The Jeddah-based pharma retailer plans to float 30 percent of its capital.The Jeddah-based pharma retailer made revenues of SR8.6 billion ($2.3billion) during the year
Nahdi currently operates over 1,150 pharmacies across the Kingdom and a rising number in the UAE
GCC startups begin 2022 on a promising note
Digital economy has driven the startup investment upsurge in the MENA region in 2021.In 2021, more than 50 per cent of the world’s private investment funding went to startups in the United States.
The other four top countries with the most private funds invested are China, the UK, India and Germany.
Iranian teachers protest in many cities for better salaries
Thousands of Iranian teachers have protested in more than 100 cities against delays in salary and pension reforms, a local...The teachers have for months demanded that the government speed up the implementation of reforms that would see their salaries better reflect their experience
The demonstrators have also demanded that their pensions be aligned with those of other public sector employees
Kamco Invest net profit $34m
Total revenue nearly doubles to reach $99.5m in 2021.Revenues from fees and commissions increased by 34.3 percent compared to 2020 to reach KWD20.2m.
The company said it raised over $1.1 billion for several products and transactions, distributed around $235mn to clients.
HMG records 30% spike in profit to $367m
Dr. Sulaiman Al Habib Group, a private health service provider in Saudi Arabia, has posted a 30 percent increase in...The company's sales soared to SR7.25 billion, jumping 23 percent year-on-year in response to a growth in the hospital segment and higher patient occupancy
its board recommended the distribution of SR245 million in cash dividends to 350 million eligible shares at SR0.7 per share for the fourth quarter of the fiscal year 2021
