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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

Conservative-dominated US Supreme Court steers society sharp right

Washington, United States--One year after its ruling to erase abortion rights, the conservative-dominated US Supreme Court has underscored its determination to...

It’s time to recount UAE’s achievements across sectors as the country celebrates its 51st National Day

Beside successfully addressing COVID-19, the country created a distinguished development model covering all political, economic, social, scientific and cultural areas...

Taxation and confiscation to rein in crypto market

Last few years have seen a lot of tension between governments and central banks around the world, on the one...
  • Concerns are rising that these currencies could be used to fund illegal actions and for money laundering.
  • Several countries have taken strict measures to crack down on the industry that is viewed with suspicion uniformly across the world.

Male candidates sweep Qatar’s first legislative polls

Male candidates were elected in all 30 of the seats up for election despite 28 women initially being cleared to...
  • Women candidates fail to break through in Qatar vote for the Shura Council
  • It is not known when the appointments will be announced, or when the council will meet

Semiconductor shortage slows down GCC auto sector

Auto exports to the region are likely to suffer for the next more than a year due to an estimated...
  • Toyota Middle East has pledged it would do its best to avoid inconvenience to customers waiting for delivery of vehicles.
  • On an average, a car needs around 1400 chips. Electric vehicles utilize even more.

Watch: Saudi GDP to grow faster than expected in 2021

The global drop in oil prices, along with the pandemic and related issues, had dealt quite a blow to the...
  • The Saudi economy grew 1.8 percent in Q2 of 2021
  • This was the second time it had risen since Q2 2019

Gulf aviation sector maintains regional lead

Several airports in the region have announced plans to expand their airports to meet the expected growth in travel demand.
  • Experts see up to 40 percent rise in premiums in the next two to three years.
  • The total number of passengers traveling through DXB in the first five months of 2021 was around 9.9 million.

The Grand Renaissance Dam: Egypt’s Nile nemesis

Ethiopia's refusal to sign a binding agreement on the dam has dashed hopes of a settlement with Egypt and Sudan.
  • Egypt's area under agriculture could lose by up to 72 percent in case of short filing of the dam.
  • Ethiopia has said earlier treaties on Nile waters have undermined its rights and the dam will help in the country's development.

GCC insurance firms battle pandemic woes

It has been a roller coaster ride for insurance companies in the GCC countries and the health care sector since...
  • Experts see up to 40 percent rise in premiums in the next two to three years.
  • Abu Dhabi-based Daman Insurance looking at new markets such as Kuwait and Bahrain.

MENA firms: The public-private games go on

Two key Dubai firms — Dubai parks operator DXB Entertainments and Dubai ports operator DP World — have de-listed from...
  • Companies in MENA region, once enticed by the prospect of growth, looked to be listed on global exchanges
  • However, mandates like following transparency norms are putting them off even further

‘Cyber pandemic’ grips UAE, Saudi Arabia

The Covid-19 pandemic has acted as a force multiplier for existing cyber threats while giving birth to a whole new...
  • UAE has witnessed a 250 percent increase in cyberattacks, phishing and ransomware in 2020.
  • Saudi Aramco and the US firm Raytheon to provide cyber-security services in Saudi Arabia and beyond.

Why Golden Residency is not a privilege

Global economic transformation has pushed governments to implement various programs and reform investment rules to make them more flexible to...
  • The UAE is the only Middle Eastern country that issues Golden Visas.
  • In 2010, the first golden visa program was launched in Latvia.

Conservative-dominated US Supreme Court steers society sharp right

Washington, United States--One year after its ruling to erase abortion rights, the conservative-dominated US Supreme Court has underscored its determination to...

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Dare to be different to make positive change: Joumana

Lebanese writer, journalist, and human rights activist Joumana Haddad tells TRENDS why she is unperturbed despite being one of the...

‘Workplaces must prioritize mental health’

In many industries, working from home is the way of the future and a better working and mental lifestyle, Quartz...

UAE’s Covid-19 response gets global plaudits

Earlier this year, the UAE rose to the top of Bloomberg’s Covid Resilience Ranking, outperforming European countries in terms of...

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Saudi real estate rides high on positive sentiment

Saudi Arabia's real estate sector continues to show promising signs, with increasing tourist numbers, consumers returning to retail stores, and...
  • Q1 2022 saw an increase in the number of units built in Saudi Arabia's residential sector
  • In Q1 2022, Saudi Arabia's house price index rose by 0.4 percent compared to Q1 2021

What are the GCC’s top stock exchange constituents?

What are the top constituents of stock exchanges spread across the GCC countries? Here’s our infographic.
  • Some constituents — publicly traded companies — of the MSCI World Index would be heavier than others
  • And countries within the Gulf Cooperation Council have some of the biggest public companies in the world

Eid holidays boost Gulf tourism as COVID curbs ease

From overseas to the domestic circuit, the tourism industry in the Gulf Cooperation Council is witnessing a welcome resurgence, especially...
  • Gulf citizens are looking to spend Eid al-Fitr abroad after being compelled to stay home for the past two years
  • This year’s Eid al-Fitr holiday witnessed high occupancy in the UAE hotel sector, driven by strong domestic tourism demand