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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.

Uncertainty rules even as MENA crypto market grows

Crypto investors fear a possible global recession, especially amidst weak economic activity data, Wael Makarem, Senior Market Strategist - MENA...

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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,...

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...

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...

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How can UAE firms adapt to corporate tax?

Now entities that typically have strong brand equity, control over distribution, and very few competitors, have a competitive edge that...
  • Generally, businesses react negatively to any tax announcement, like the UAE’s corporate tax
  • However, companies within the UAE might themselves benefit the most from such a tax

GCC looks to ease fiscal burden with privatization

The privatization move will also help the regional governments in maintaining better economic growth, increasing private participation and attracting foreign...
  • Planning, executing, and concluding are the three primary stages of privatization
  • The privatization process in Kuwait will expand to 38 government institutions and activities

GCC retail electronics set for boost as buyers return

The retail electronics sector has proliferated in GCC countries, with demand rising not only due to the urge to own...
  • In 2020, the global consumer electronics market was expected to generate revenues of $1.4 bn, with a CAGR of 4.6%
  • The retail electronics market reached over $1 bn globally in 2022, and is expected to grow by 1.82% annually