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UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

  • UN slams ‘aggressive’ marketing by formula-milk makers

    The failure of countries to crack down on the marketing of breast milk substitutes means far too many children are...

    The $55-billion formula milk industry is said to systematically deploy aggressive marketing strategies

    It is said to spend up to $5 billion a year to sway the decisions of parents on how to feed their infants

  • Syria accords rare approval to telecom firm to begin operations

    Syrian authorities on Monday granted a rare license to a new telecommunications company that will start operating in nine months,...

    Wafa Telecom will become Syria's third telecoms operator in a market currently controlled by Syriatel and MTN

    Wafa Telecom CEO Ghassan Saba said the company relied on foreign expertise, amid reports of Iranian investments in his firm

  • Alibaba shares slump 5%

    The drop followed reports that the Ant Group was being probed.

    Chinese regulators launches a wide-ranging crackdown on alleged anti-competitive practices by Alibaba and other domestic tech giants

    Chinese Food delivery giant Meituan shares has plummeted over 20 per cent since Friday which is the biggest fall of the stock

  • Measuring the impact of investment on ESG factors

    With more ESG marketing claims questioned by clients, asset and wealth management firms can no longer tout ESG without convincing...

    As investors get more sophisticated about ESG matters, they are questioning the claims of commitment to sustainably invested assets and ostensibly sustainable products

    The solution to this strategic challenge lies in prioritizing ESG factors for specific target clients and building a model that reliably quantifies the impact on those factors

  • UAE banks on Instant Payments to shake up sector

    The UAE Instant Payments Platform (IPP) is set to go live in Q4 2022, with participation mandatory for all banks...

    The UAE IPP is set to go live in Q4 2022, with participation mandatory for all banks and financial institutions

    Being part of the IPP scheme will allow banks to leverage real-time payments to target new customer segments

  • UAE signs deals worth $263m on Day 2 of UMEX & SimTEX 2022

    UAE’s Ministry of Defense said on Tuesday that it signed three new deals worth AED966.25 million ($263 million) on the...

    The fifth edition features 15 live shows in the Tilal Swaihan area, showcasing grounded and aerial unmanned systems and AI and robotics technologies.

    The total number of deals during the first two days of this year’s edition was six, with an overall value of AED1.620 billion.

  • Aramco is targeting investment in China : CEO Amin Nasser

    Saudi Aramco is interested in investing in China, its President and CEO Amin H Nasser, said. He asserted that Aramco...

    Aramco is holding initial talks with partners, including the state-owned defense contractor Norinco.

    The talks were reportedly about the development of a $10 billion refining and petrochemicals complex in China. 

  • Mubadala invests in PDG

    Singapore-based Princeton Digital Group (PDG) has closed an equity investment from Mubadala Investment Company (Mubadala) as a lead investor for...

    PDG is a leading Pan-Asia data center operator with a footprint across key Asian digital economies

    PDG has a portfolio of 20 data centers with over 600MW of secured capacity and spanning five countries

  • Dubai Expo 2020 likely to record 15m footfall soon

    Music highlights included Filipina singing sensation Moira Dela Torre, who enthralled the audience at the Jubilee Stage last Monday.

    As of 21st February, total visitation stood at 14,719,277, days after Coldplay’s unforgettable concert on 15th February

    The international visitation is up 19 percent, primarily thanks to the popularity of the new AED50 Season Finale Pass

  • UAE trades $22.8 bn worth of rough diamonds in 2021, hits top spot globally

    UAE reached the top spot globally as a rough diamond hub, trading over $22.8 billion worth of rough diamonds in...

    Dubai boasts direct flights to other diamond hubs across the world, including mining countries in Africa and manufacturing centers in India.

    Since 2015, the UAE has increased its rough diamonds trade by 76 percent, overtaking Belgium as the world’s leading rough trade hub