US allies warn Israel against ‘catastrophic’ Rafah operation
The leaders of Australia, Canada and New Zealand on Thursday warned Israel against a potentially "catastrophic" ground offensive in the...Business
Strengthen emotional security to thwart cyberattacks
While love, loneliness, and excitement are easily exploitable emotions, any factor impacting someone’s emotional state can make them a target....Business Opinion Tech & Media
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
Arriyadh Development of KSA posts 40% jump in net profit
Arriyadh Development Co. posts a forty percent jump in net profit to $85 million for 2021.Results were derived from the associate company's business, as well as the increase in operating and rental revenues
The company will distribute cash dividends of SR88.8 million to the shareholders for the second half of 2021
The board of Al Rajhi Bank favors capital hike to $10.7bn
Al Rajhi Bank has recommended a sixty percent increase in the bank’s capital to $10.7 billion.The capital will be increased by granting SR15 billion in bonus shares to the bank’s shareholders
The eligibility to get bonus shares will be given to shareholders owning the stocks by the end of the trading day of the bank’s Extraordinary General Assembly meeting date
UAE inks deal to make medications more affordable
The initiative will provide affordable medicines to uninsured and low-income expat patients or those whose insurance does not cover the...The MoU was signed by the Ministry of Health and Prevention of the United Arab Emirates (UAE)
It was inked with Janssen Pharmaceutical Companies of Johnson & Johnson, and healthcare consulting firm Axios
The price of love: Pandemic fuels romance scam
Cancelled dates over supposedly positive Covid tests and disrupted travel plans due to lockdowns are ruses that feed into the...Thousands of people fall prey to 'romance scams' every year, whose numbers rose during the Covid pandemic
Cryptocurrencies and untraceable online transaction is fueling scams with bogus investments and gift cards
Lebanon’s ‘zombie banks’ downsize to weather crisis
More than two years into a financial crisis that has seen the local currency lose 90 percent of its value,...The financial collapse that began in Lebanon in late 2019 has been deemed by the World Bank one of the world's worst since the 1850s
However, before that the country had an oversized but prosperous banking sector, which has since come to be blamed for the economic crisis
Golden Visa to boost Bahrain business attractiveness: Expert
The Bahrain Golden Visa was recently announced during a Cabinet meeting chaired by Crown Prince and Prime Minister Salman bin...To qualify for the Golden Residency Visa, existing residents must have stayed in Bahrain continuously for at least five years
They must also have earned an average basic salary of no less than BHD 2,000 ($5,305) per month throughout the duration
Cloud tech gains strength in GCC
Cloud market in UAE is at emerging stage and is likely to witness rapid growth in the coming years due...Cloud market in UAE is at emerging stage and is likely to witness rapid growth in the coming years due to high adoption rate among SME’s and the digital transformation agenda.
Saudi Arabia represents a significant revenue opportunity for cloud providers as times change and network connectivity becomes an inevitable necessity for businesses
