The luxury giant posted a profit of US$4.6bn in 2023.
Total assets grew 25% in 2023 on strong growth in loans, advances.
About US$7 billion is missing from Lebanese central bank’s 2020 balance sheet, data analysis by TRENDS suggests while highlighting weak...Some of the data sifted by TRENDS point to a US$7 billion scam involving the country’s central bank and the powerful individuals
The poor and weak policies of Banque du Liban (BDL) may have facilitated a “Ponzi” scheme involving Eurobonds
Women from 80 countries vied for the Miss Universe crown in the Israeli city of Eilat on Sunday, with several...The 70th edition of the annual pageant, being held in Israel for the first time, has also faced complications from the coronavirus pandemic
South Africa's Ministry of Sports, Culture and Arts had urged its contestant to stay away from Eilat, citing "atrocities committed by Israel against Palestinians"
MAWANI also aims to attract a major share of the global transshipment operations to Saudi ports by implementing several projects...The service is launched in partnership with Saudi Global Ports Co and the international shipping line Orient Overseas Container Line.
The Saudi Ports Authority seeks to raise the Kingdom's share in the transshipment market from the present 21 percent to 50 percent by 2030.
- The UAE and Mauritius have stressed the importance of boosting economic and commercial relations between the two countries. A meeting...
Mohamed Hadi Al Hussaini, UAE Minister of State for Financial Affairs, and Renganaden Padayachy, Mauritius Minister of Finance at its Dubai headquarters.
The meeting took place on the sidelines of the Mauritian delegation’s visit to Expo 2020 Dubai.
Al Arabia also known Arabian Contracting Services Co., has set up a joint stock company in Egypt with United Media...The outdoor advertising company said in a statement to Tadawul that it aims to bring about “a qualitative leap” in the sector in Egypt
The joint stock company will operate under a 25-year agreement and establish at least 120 advertising screens in Egypt
The total foreign trade between Russia and the UAE is set to reach around $4 billion by the end of...In 2020, the trade between the two countries amounted to $3.3 billion, said Sergey Cherimin, Minister of the Government of Moscow.
Russian companies have opened offices in the UAE, and today there are more than 4,000 of them, the minister said.
SEDCO Capital of Saudi Arabia has launched an additional offering of its real estate investment trust fund to increase asset...The offering period will run for five days until Dec. 16, the company said in a statement
SEDCO Capital wants to increase the total asset value of the fund, as well as raise additional equity up to SR575 million
- This week's TRENDS Explainer video tries to find the rationale behind curtailing the number of days in the UAE's workweek...
The Gulf country is transitioning to a 4.5-day workweek. Now, weekends will consist of Friday afternoon, Saturday and Sunday
The move makes the UAE the first nation to formalize a workweek shorter than five days. It also brings the country more in line with Western schedules
The Emirates Health Services (EHS) is looking to upgrade executive and financial regulations and ways to develop the capabilities of...The EHS board of directors discussed various ideas at a meeting at its headquarters in Dubai
The board members reviewed the agendas of the meeting as well as the latest developments and reports submitted by EHS departments to evaluate their performance
The UAE last month approved a temporary license to test self driving taxis on the roads with safety officer sitting...Bayanat started the trial of two electric and two hybrid taxis under the name TXAI
Dubai will launch 4,000 self driving taxis by 2030
