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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.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

Oil prices fluid amid geopolitics, economic recovery

Geopolitical tensions, such as the Russian-Ukrainian war and the trade war between the United States and China, have sent shockwaves...

REVEALED: Billions of dollars missing from BDL

About US$7 billion is missing from Lebanese central bank’s 2020 balance sheet, data analysis by TRENDS suggests while highlighting weak...
  • Some of the data sifted by TRENDS point to a US$7 billion scam involving the country’s central bank and the powerful individuals
  • The poor and weak policies of Banque du Liban (BDL) may have facilitated a “Ponzi” scheme involving Eurobonds

Saudi Arabia, UAE ripe for hydrogen investments

Green hydrogen has the potential to rapidly replace fossil fuels on a large scale, says Cranmore Managing Partner Yusuf Macun.
  • Green hydrogen has a lot of potential particularly in heavy transport and heavy industries
  • Green hydrogen has the ability to rapidly replace fossil fuels while simultaneously enhancing electrification

Luxury brands burning products is a problem

High fashion can be detrimental to the environment because of its large carbon footprint.
  • To keep their uniqueness, high-end fashion brands routinely burn unsold products
  • Fashion contributes up to 8 percent of the global carbon footprint

Snowden, Assange, and the burden of truth

Julian Assange and Edward Snowden have had to pay big time for simply telling the truth. Their lives suggest that...
  • Julian Assange, the founder of WikiLeaks, has had to seek asylum with Ecuador
  • Edward Snowden had to flee to Russia after revealing how the US spied on its own citizens

Value via sustainability gives firms an edge

A sustainability-focused company strategy boosts brand value and efficiency, matches customer demands, attracts top personnel, and opens new doors.
  • A McKinsey Global Survey reveals that organizations can become sustainable simply by adopting a set of management strategies
  • As per the respondents, organizations are now also likelier to prioritize sustainability and define specific goals and objectives

Zero-carbon not the end of oil and gas

Some people conflate the target of zero carbon emissions with the notion that the era of oil, gas, coal, and...
  • Carbon emission targets are sometimes misunderstood with the end of oil, gas, and coal
  • Oil and gas are still the primary drivers of the global economy, and will continue to be so for decades

Urban management can benefit from blockchain

Blockchain may be able to solve quite a few of the problems in the planning and implementation of a smart...
  • While smart cities are a key trend, today's hurdle is high competition and complex device integration
  • Blockchain technology may be able to take care of not only these but also security and other issues

Experts weigh in on Facebook rebranding to Meta

Facebook is currently facing a lot of flak for accusations of bias, and leaked internal documents back them up.
  • Facebook has a long history of criticism about users' privacy the content it views
  • Today's scandals differ from past instances in the papers leaked from within the corporation

Despite hurdles, interest in 5G high in MENA

As GCC shifts away from dependence on oil and gas revenues, 5G is set to fuel tech growth and ease...
  • 5G subscriptions in the MENA have exceeded 1 million at the end of 2020
  • The deployment of a 5G network faces several challenges

Have Pandora papers jeopardized Lebanon aid?

The country is already reeling under the impact of its worst-ever economic crisis, shutting down of power stations due to...
  • Offshore companies are legal and were established to reduce the tax burden on some companies that require foreign branches.
  • Lebanon was first in terms of registering individual companies in tax havens, with nearly 3 million papers leaked.

Oil prices fluid amid geopolitics, economic recovery

Geopolitical tensions, such as the Russian-Ukrainian war and the trade war between the United States and China, have sent shockwaves...

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MENA gaming sector plays well with new technologies

The region's gaming industry is estimated to be worth $5 billion by 2025 with Saudi Arabia and the UAE leading...

Saudi Index at lowest levels since January

Saudi Stock Exchange's general index fell by nine points. Abu Dhabi market was below 9,200 points, Dubai market rose above...

Growth likely to vary across regions and geographies

While the global economy has been slowing down, the picture looks very different across regions and geographies. This is based...

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‘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...
  • People tense or stressed at work are more than three times likely to plan to look for a new job
  • In contrast, employees who feel supported are more likely to stay, lowering turnover costs

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...
  • For one, smart-technology platforms were effectively used in the UAE to combat Covid-19
  • The UAE also adopted the mandatory use of face masks in March 2020, well ahead of the WHO recommendation

Beauty, fashion brands eye NFT advantage

There is enormous potential for NFTs in the fashion and beauty business, says Louis Chen, EVP and Chief Strategy Officer...
  • Brands are using NFTs and blockchain technology to attract, verify, and engage consumers globally
  • GCC brands should take advantage of the trend to engage with customers in new, innovative ways