INSEAD Day 4 - 728x90

UAB H1 profit climbs

Income, lending drive first-half growth

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.
  • Sheikh Mohammed bin Rashid Al Maktoum said the budget supports the Dubai Strategic Plan 2030 and places Dubai at the...

    The budget features an expenditure of AED181 billion, with around AED60 billion expenditures and AED57.55 billion in expected revenues for 2022.

    Economy, transportation and infrastructure account for 42 percent of the expected expenditure, followed by social development (30 percent).

  • Bader Hareb resigned with effect from December 30 for ‘personal reasons.’

    The resignation was announced in a letter addressed to DFM Chief Executive Officer Hamed Ahmed Ali

    The letter did not give any detail of a successor to Hareb, or an interim appointment till one was named

  • The gas transmission pipeline of platform 16 of South Pars gas field started leaking on the seabed.

    Gas leaking from the platform caught fire after a lightning strike

    The platform is now 'not operational' and repairs were underway

  • As the year drew to a close, the emergence of the Omicron variant pushed the number of daily new Covid-19...

    As the pandemic enters its third year, it still dominates life around the globe

    Seoul to San Francisco, new year celebrations were canceled or curtailed

  • The Gulf financial markets ended 2021 on the rise, waiting to achieve significant gains next year.

    Rising oil prices and fewer concerns about the impact of the Omicron variant pushed the Saudi stock index up 0.7% this week

    The Dubai index had a solid week supported by the rise of the shares of Emaar and several banks

  • Bloomberg's Auction System is a part of Bloomberg's enterprise solution for central banks and government financial agencies.

    The Saudi central bank has announced that it will use Bloomberg's Auction System from January

    It will use the system to conduct repo, reverse repo, and Open Market Operations with locally operating banks

  • The hike is due to pandemic-fueled supply-chain snarls.

    Ikea faced higher operating costs in North America and Europe

    It is now passing on that cost burden to its customers

  • AD Ports Group signed several partnerships to accelerate trade and the development of industry in the UAE and beyond, including...

    AD Ports Group closed 2021 with the signing of a number of strategic agreements with the Aqaba Development Corporation

    The Group received global interest in its issuance of a US$1 billion bond and subsequent listing on the ADX and the LSE

  • Renewable energy company Masdar will be developing Georgia's largest solar power plant, with a capacity of 100 megawatts (MW), jointly...

    The 100-megawatt plant will be built jointly with Georgian Energy Development Fund (GEDF).

    GEDF is a joint-stock company, founded by the Ministry of Economy and Sustainable Development, and wholly state-owned. Georgia.

  • AD Ports Group has signed an agreement with China-based Shandong Port Group, to establish a Tyre Hub at KIZAD for...

    China's Shandong Port Group and AD Ports Group sign an agreement to set up a hub at KIZAD for the storage and distribution of tires.

    AD Ports Group will provide space for an upcoming 150,000 sqm facility in KIZAD under its Industrial Cities and Free Zone Cluster.