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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.

As Ukraine war grinds on, Saudi influence grows

Saudi Arabia's unexpected role in brokering the release of foreign fighters detained in Ukraine was just the latest example of...

31 percent of all Middle East travel destinations closed: UNWTO

Digital solutions, vaccination to ease travel restrictions 29 percent of all destinations worldwide closed for international tourism About 31 percent...

Tunisians hope calmer Libya could stimulate economic growth

Libyan crisis led to 2 percent loss in Tunisia's GDP  TunisAir was the first foreign carrier to resume flights to...

Middle East govt entities should digitize services fast

Governments need to build necessary foundations to exchange non-sensitive public data Develop interoperable digital platforms and a broad range of...

Iraqi restaurateurs pay bribes to dodge virus curfew

Lockdown forces restaurant, cafe owners to sack a quarter of their employees Corruption in Iraq has eaten up more than...

Qatar Investment Authority deals a blow to Credit Suisse, lowers stake

The QIA now hold a below five-percent stake in the Swiss bank Earlier it held about 133 million shares, making...

Digitalization, sustainability top priorities of Middle East consumers

PwC Middle East claims consumers in the region value digitalization and sustainability the most 58% of Middle-East consumers say they...

UAE professionals seek challenging work, advanced tech at workplace: Survey

59 percent claim remote work option is an important aspect in their workplace In the UAE, there is a higher...

Fewer restrictions, fast vaccination give Dubai edge in events sector

The emirate plans to host one of the biggest gas conferences and an African investor summit this year Dubai aims...

Volkswagen to stop sale of combustion engines in EU by 2035

The EU will unveil tougher 2030 CO2 emissions targets and regulatory proposals on July 14 The firm says it will...

Saudi economy to grow much faster: Goldman Sachs

Goldman raises Saudi growth forecast for GDP to 4.5% this year, compared to an earlier 2.5% Kingdom's overall economic activity...

As Ukraine war grinds on, Saudi influence grows

Saudi Arabia's unexpected role in brokering the release of foreign fighters detained in Ukraine was just the latest example of...

Company News

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GCC luxury market grows despite supply chain woes

The GCC personal luxury market will continue to be on a ‘strong growth trajectory,’ Chalhoub Group Chief Strategy Officer (CSO)...

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...

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...

Most Read

Why few brands lag behind in sustainability game?

The best brands take a cross-functional approach, embedding sustainability within divisions and business units while linking incentives to sustainability targets....
  • Winning brands decide which specific sustainability topics they want to use to actively engage with consumers
  • To bring sustainability messages authentically to consumers, the best brands develop a sensitive consumer-engagement strategy

Inspiring people is ‘a good legacy’: Sheikha Lubna

Sheikha Lubna Bint Khalid Al Qasimi, the first woman to be an Emirati cabinet minister, opens up to TRENDS about...
  • In the UAE, every generation witnesses significant changes, but one constant is the government’s support towards and confidence in youth, said the Sheikha
  • Empowering women and giving them the right opportunities is not new; it had already started since the foundation of the UAE, she added

Global projects to fuel Aramco 2022 growth

The Saudi Arabian Oil Company has outlined a clear strategy to continue to invest in both upstream and downstream segments,...
  • In March, Saudi Aramco said its net income increased 124 percent to $110 billion in 2021, compared to $49 billion in 2020
  • This was the result of higher oil prices, stronger refining and chemicals margins, and SABIC’s consolidation of full-year results