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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.

Retaining customers rattles retailers as sales drop

From optimizing the purchasing ecosystem to driving personalization and developing schemes that help consumers with finance management, retailers must work...

Middle East’s aviation sector may recover to pre-COVID size by 2023

Long-term growth of the Middle East global commercial fleet is forecast to be 4.2% CAGR A survey suggests that MRO...

Yalla Group to buy back shares worth $150-million

The company will use its existing cash balance to buy back shares over the next 12 months It also quashes...

More than AED 4 billion worth of real estate and properties sold in Dubai in week

Around 1,500 real estate transactions made in during one week 120 plots of land, and more than a thousand apartments...

Abu Dhabi makes commercial, industrial activities available for foreign ownership

Abu Dhabi Department of Economic Development believes the decision will attract further foreign investment Department amends law to enable 100...

Saudi Arabia among top 10 in terms of mobile Internet speeds

Recent reallocation of frequency spectrum likely to increase the capacities of radio networks, improve quality of services Country plans to...

How is technology changing the fortunes of Bahrain?

Small island nation Bahrain is spearheading its investment in the technology sector in a bid to position itself as a...

Why Lebanon is pinning hopes on 2018 to revive fortunes?

By Gareth Smyth When Lebanese Prime Minister Saad Hariri took to Saudi television in November to resign and accuse the...

Death toll mounts in Iran protests as online services cut

Amini, 22, died last week after her arrest by the Islamic republic's feared morality police for allegedly wearing a hijab...

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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...

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....

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...

Most Read

GCC keeps pace with global solar, wind trends

Countries like the UAE, Saudi Arabia, and Oman appear on track to take giant strides in diversifying their portfolios when...
  • Across the greater MENA region, Yemen, Jordan, Turkey, and Morocco have generated more than 10 percent of their power from solar and wind
  • However, things appear poised to change very soon, with several projects that may improve the region’s overall renewable outlook

UAE free zones set to gain from corporate tax relief

Around 40 free zones in the UAE are likely to attract more investors and FDI after they were declared exempt...
  • The 9-percent corporate tax will be levied on companies with profits above AED375,000 (approximately $102,090)
  • Announced on January 31 by the UAE’s Ministry of Finance, the tax regime will be implemented from June 1, 2023

Gulf countries warm up to waste-to-fuel plans

Here’s a broader look at how the region has prioritized solid-waste recycling and the production of alternative fuels to deal...
  • Solid waste management is one of the most critical challenges facing all GCC countries
  • Construction waste accounts for 53% of the total solid waste generated in the Gulf countries