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Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Boeing to sell some assets to Thoma Bravo

The $10.55 bn sale includes portions of digital aviation solutions business.

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex
  • Cyber Security Attack

    GCC at risk from cyber criminals in 2022

    Companies are hemorrhaging millions of dollars to ongoing ransomware raids, with threat actors further weaponizing the attacks.

    Ransomware attacks on high-profile organizations grabbed headlines throughout 2021

    Cybersecurity experts believe this criminal enterprise will reach new heights in 2022

  • EMC picks Mohammad Ghazi as GM

    Momani will manage Mercedes-Benz's overall performance at EMC.

    Mohammad Ghazi Al Momani possess an experience of 20 years in motoring and a degree from the University of Technology in Baghdad, Iraq

    Momani specializes in strategic planning, marketing, sales, after sales and operations, and good knowledge of the Middle East

  • DEWA’s pavilion at Dubai Expo lures visitors in droves

    Some 338,833 people visited the pavilion of Dubai Electricity and Water Authority (DEWA) at Expo 2020 Dubai between 1 October...

    Several local and international officials from public and private organizations as well as a large number of school and university students visited DEWA’s pavilion

    On the 2nd of December 2021, DEWA’s pavilion attracted over 23,400 visitors as it organized various activities to celebrate the UAE’s 50th National Day

  • Dubai records first working Friday sale worth $689m

    The total value of real estate transactions recorded in the first week of the new year exceeded AED7.24 billion (around...

    Dubai real estate transactions exceeded around AED2.53 billion (around $688 billion) as it adopted a new working week

    Jebel Ali First registered the most villa and apartment sales transactions on the first working Friday of 2022

  • Red Sea signs $19.49m deal

    It is a seven-year extension contract with Schlumberger.

    As part of the deal, RSI is expected to provide facility management services for its specialized modular camps

    This will reportedly support Schlumberger's oil drilling operations in the Eastern region of the country

  • Iraqi Airways receives its first A220-300 aircraft

    A220-300 features a modern and highly comfortable dual-class cabin that seats 132 passengers; 12 in business class and 120 in...

    A220-300 features a modern and highly comfortable dual-class cabin that seats 132 passengers; 12 in business class and 120 in economy class

    As of the end of November 2021, over 180 A220s had been delivered to 13 operators, from Asia, North America, Europe, Africa and the Middle East

  • Saudi index varies while UAE stock market starts low

    A new year saw quite some ups and downs in the top stock markets in the region, even as the...

    TASI dropped by 0.2 percent at the end of 2022 first week, as the Saudi National Bank and Aramco shares fell 1.3 and 0.8 percent, respectively

    It was a week of losses for the Abu Dhabi index, which ended with a 0.2 percent drop on Friday, as First Abu Dhabi Bank shares fell 1.1 percent

  • CES show highlights: Robo-dogs, self-sailing boat, brain tech

    The CES tech show in Las Vegas closed its 2022 edition on Friday, after pushing ahead with a significantly downsized...

    French startup Wisear is working on technology that detects the signals that zip between the brain and certain muscles, in order to use them to operate connected devices

    The Boston Dynamics robot dogs -- the ones compared to the killer four-legged bot in a dystopian "Black Mirror" episode -- are back and this time they are going to the metaverse

  • Tesla raises full self driving software price to $12,000 in US

    Earlier in 2020, Tesla had raised the Full Self-Driving (FSD) price to $10,000 from $8,000.

    Earlier in 2020, Tesla had raised the Full Self-Driving (FSD) price to $10,000 from $8,000

    Tesla has been updating its FSD software, which provides driving-assistance features such as automatically changing lanes and making turns

  • Tik Tok likely to help regional businesses this year

    Powered by a highly personalized content recommendation system TikTok can help brands connect with a qualified, engaged audience, the Talkwalker...

    Powered by a highly personalized content recommendation system TikTok can help brands connect with a qualified, engaged audience, the Talkwalker and Hubspot research says.

    In 2022, posting and sharing videos will be fundamental for any marketing campaign that wants to succeed, the research adds