Business - TRENDS MENA

stc, Saudi Arabia's top telecom firm, has posted a three percent increase in net profit to $3 billion in 2021...
Revenues during the year stood at SR63.4 billion, up from SR58.9 billion in 2020
Separately, stc said it will distribute dividends of SR1.99 billion, or SR1 per share, for the fourth quarter of 2021
Fitch Ratings has upgraded to AA(mar)/Stable the rating of Morocco’s Attijariwafa Bank (AWB), one of the five Moroccan banks whose...
Fitch upgraded to AA(mar)/Stable the rating of Morocco’s Attijariwafa Bank (AWB).
Five banks, which account for nearly 77 percent of Morocco's banking system assets were reviewed by the ratings agency.
The London-headquartered bank on Tuesday reported pre-tax profit of $18.9 billion in 2021, up $10.1 billion on the year before,...
The London-headquartered bank on Tuesday reported pre-tax profit of $18.9 billion in 2021, up $10.1 billion on the year before, helped by lower bad loans and operating expenses
The lender endured a tumultuous 2020 like the rest of the banking sector as the virus outbreak rocked the economy
Traffic remains "nowhere near pre-pandemic levels" despite rising to 29.1 million passengers last year, Dubai Airports chief Paul Griffiths said...
Traffic remains "nowhere near pre-pandemic levels" despite rising to 29.1 million passengers last year, Dubai Airports chief Paul Griffiths said in an interview
Passenger figures collapsed to 25.9 million in 2020, a drop of 70 percent, when Dubai airport was closed from March to July and fleets were grounded around the world
No Swiss news media took part in the investigation against Credit Suisse due to the risk of criminal prosecution in...
Investigations into Credit Suisse revealed the bank has held more than $8 billion in accounts of criminals, dictators, and rights abusers
48 media houses across the world participated in the Suisse Secrets investigation, coordinated by non-profit journalism group OCCRP
An improved regulatory support, government promotional initiatives, and heightened interest from business leaders in the private sector benefits the sector...
Together with Egypt, Saudi Arabia and the UAE now account for more than 80% of the region’s overall e-commerce market.
Spurred on by a highly digitized population and a lockdown-induced spike in consumer demand, e-commerce valuation hits $22bn
The project includes the establishment of a park gate, mosque, security booth, toilets and parking lot.
The projects are worth RO 345,000 ($0.9 million) and were funded jointly by OQ and Sohar Aluminium
The first project is the development of the 28,000-square meter Al Qurm Natural Park in the Wilayat of Shinas
Recently, a 4% stake of the oil giant had been transferred to PIF in an $80bn deal.
The share price hit SR39.3 ($10.5) yielding a market cap of $2.09 trillion
Earlier in the session, the shares hit an all-time high of SR40 ($11)
Saudi Aramco President and CEO Amin H Nasser urged companies and governments to continue investing in the oil sector to...
Nasser revealed that Aramco continued investing in 2020 even during the COVID-19 pandemic
Aramco increased the spare capacity from 12 million barrels per day to 13 million bpd in 2020
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