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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.

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.

Taxation and confiscation to rein in crypto market

Last few years have seen a lot of tension between governments and central banks around the world, on the one...
  • Concerns are rising that these currencies could be used to fund illegal actions and for money laundering.
  • Several countries have taken strict measures to crack down on the industry that is viewed with suspicion uniformly across the world.

Male candidates sweep Qatar’s first legislative polls

Male candidates were elected in all 30 of the seats up for election despite 28 women initially being cleared to...
  • Women candidates fail to break through in Qatar vote for the Shura Council
  • It is not known when the appointments will be announced, or when the council will meet

Semiconductor shortage slows down GCC auto sector

Auto exports to the region are likely to suffer for the next more than a year due to an estimated...
  • Toyota Middle East has pledged it would do its best to avoid inconvenience to customers waiting for delivery of vehicles.
  • On an average, a car needs around 1400 chips. Electric vehicles utilize even more.

Watch: Saudi GDP to grow faster than expected in 2021

The global drop in oil prices, along with the pandemic and related issues, had dealt quite a blow to the...
  • The Saudi economy grew 1.8 percent in Q2 of 2021
  • This was the second time it had risen since Q2 2019

US Jews battle new ‘mainstreamed’ anti-Semitism

One day after hip-hop and fashion mogul Kanye West voiced a "love" for Nazis and 10 days after ex-president Donald...

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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...

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...

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...

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What are the GCC’s top stock exchange constituents?

What are the top constituents of stock exchanges spread across the GCC countries? Here’s our infographic.
  • Some constituents — publicly traded companies — of the MSCI World Index would be heavier than others
  • And countries within the Gulf Cooperation Council have some of the biggest public companies in the world

Eid holidays boost Gulf tourism as COVID curbs ease

From overseas to the domestic circuit, the tourism industry in the Gulf Cooperation Council is witnessing a welcome resurgence, especially...
  • Gulf citizens are looking to spend Eid al-Fitr abroad after being compelled to stay home for the past two years
  • This year’s Eid al-Fitr holiday witnessed high occupancy in the UAE hotel sector, driven by strong domestic tourism demand

Physical security adds to digital transformation

Cybercrime has risen to the forefront of physical security concerns. And big firms are acutely aware of the problem, says...
  • Physical security has progressed from when it was viewed as merely a technique for responding to crime
  • It now plays a more significant role as a critical component in the digital transformation of business processes