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Analysis

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

Lulu’s IPO raises $1.72bn

The proceeds make it the largest UAE IPO of 2024 to date.

DAE 9M net profit $310m

The company said this was a 54.9 percent YoY increase in net profit.

US Fed Reserve may remain hawkish in coming months

Despite the recent slowdown, the US economy remains robust, which allows for more aggressive monetary policy tightening. The US consumer...

Millennial, Gen Z Muslims to adopt Islamic banking if it gets more accessible

The report titled ‘Faith and Finance: The changing face of Islamic banking’, surveyed over 2,000 respondents globally

Dubai-Korea relations strengthen with $882m bilateral trade in Q1

Imports had the lion’s share at AED2.551 billion, followed by exports at AED549.782 million, and re-exports at AED137.473 million, Ahmed...

Kuwait aims to be the hub for electric carmakers in Middle East

Kuwait Ports Authority (KPA) has approved a proposal to build the Middle East’s first city to serve electric vehicle manufacturers,...

GCC sees $27bn worth of hotel projects lined up

The GCC has hotel investments worth $27 billion in the pipeline, said the Arabian & African Hospitality Investment Conference (AHIC)

Turkey offers to secure Afghan airport after US, NATO forces

Ankara is seeking "financial, political and logistical support" from the US and the NATO to carry out the fraught task...

Fossil fuel power demand has ‘peaked worldwide’

Electricity generation from fossil fuel has peaked worldwide as emerging markets are increasingly opting for cheaper renewable technology.

Kurdish authorities in Syria slam UN aid crossing vote as unfair

UNSC unanimously approves an extension of humanitarian aid to a rebel-held part of Syria through the Bab Al-Hawa crossing from...

G20 ministers set to green light global tax reform

Finance ministers from the G20 richest nations are expected to give the green light Saturday to a historic deal to...

Climate crisis is the next great threat facing Iraq

Iraq's hardscrabble farmers and livestock herders are battling severe water shortages that are killing their animals, fields and way of...

Pakistan imports goods worth $10.6 b from four GCC countries

Imports from UAE $6.2 billion compared to $5.9 billion last year The highest increase in imports recorded from Saudi Arabia...

UAE-UK partnership may unlock potential of clean hydrogen, boost economy, create 200,000 new jobs

The latest WGEO study is part of "our efforts to support the Dubai Clean Energy Strategy 2050 and the Dubai...

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Protests, pension, pandemic mark Macron presidency

Emmanuel Macron, who had never held elected office before becoming president in 2017, has weathered several crises throughout his presidential...

Should you invest in Metaverse real estate?

The economic opportunities and jobs created by the Metaverse will revolutionize how we work, socialize, play, and earn, says Sebastien...

BNPL gains currency in the UAE

It also seems to be extremely helpful for customers who want to pay for a purchase in installments or make...

Most Read

Europe energy market: Will Qatar replace Russia?

The United States has asked Qatar to supply gas to Europe if Russian supplies were disrupted due to Moscow's military...
  • Qatar gas exports account for about 106 billion cubic meters, with 80 percent going to Asia and 20 percent to Europe
  • Qatar could cover around 13 percent of Russian gas imports to the European Union and the United Kingdom

Policy eyed as Mideast bears brunt of climate change

Disasters caused by climate change since 2000 have killed approximately 2,600 people, affected seven million others, and caused $2 billion...
  • Temperatures in the region have risen by 1.5°C over the last three decades, twice the global increase of 0.7°C
  • According to the IMF, disasters caused by climate change have killed approximately 2,600 people since 2000

GCC exchanges recoup their losses

From the UAE to Saudi Arabia, the main indexes made up for their losses as the week came to a...
  • The Abu Dhabi index fell 1.3 percent on Thursday, its biggest daily fall in more than a month
  • The Dubai index on Monday climbed 1.3 percent to its highest in the previous two weeks