INSEAD Day 4 - 728x90

Business

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Awqaf Dubai investment portfolio market value rises to $402 million

Dubai, UAE -- Dubai's Endowment and Minors' Trust Foundation (Awqaf Dubai) said on Monday the market value of its securities...

Business

Saudi Ports Authority signs $266.6 million logistics agreements

Dubai, UAE -- Saudi Ports Authority (Mawani) signed seven agreements worth 1 billion riyals ($266.6 million) to establish logistics centres...

Business

EDGE to acquire 100% stake in Brazilian firm AKAER

Dubai, UAE -- UAE defense and advanced technology group EDGE has agreed to acquire a 100 percent stake in Brazilian...
  • EDGE said the acquisition would accelerate industrialization timelines for key unmanned aerial vehicle (UAV) programs.
  • Founded in 1992 and headquartered in São José dos Campos, AKAER has delivered more than 10 million engineering hours across military and commercial aerospace programs.
Business

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.
  • Net interest income climbed 45 percent to AED465 million ($126.6 million), supported by growth across the bank's core businesses.
  • The lender said its total capital ratio strengthened by 463 basis points to 18.7 percent, while its cost-to-income ratio remained at 29%, reflecting continued cost discipline.
Business

flydubai doubles daily Bangkok flights amid strong demand

Dubai, UAE -- Dubai-based carrier flydubai will introduce a second daily flight to Bangkok from July 18, doubling its daily...
  • The carrier said the expanded schedule would provide passengers with greater flexibility and strengthen Dubai's position as a global aviation hub.
  • The airline has also recently launched services to Benghazi in Libya and plans to begin flights to Aleppo in Syria on July 20 and Pokhara in Nepal on Sept. 23.
Business

OpenAI loses appeal against EU refusal to register its name as trademark

Dubai, UAE -- OpenAI, the owner of the ChatGPT chatbot, lost Wednesday its appeal against the EU's refusal to register...
  • The US firm had sought to overturn a decision by the European Union Intellectual Property Office (EUIPO) that accepted protecting OpenAI's logo but not the name.
  • EUIPO had ruled that the combination of the two common words in English, "open" and "AI", could describe many business activities in the area of artificial intelligence.
Business

Youth account for over 30 percent of EWEC workforce, utility says

Dubai, UAE -- Abu Dhabi's Emirates Water and Electricity Company (EWEC) said young professionals now make up more than 30...
  • Utility expands graduate, AI and leadership training to build skills for UAE's energy transition.
  • EWEC said its two-year graduate development programme includes departmental rotations, technical training and mentoring.
Business

Sharjah real estate transactions rise 9.3 percent to AED29.5 billion in H1

Dubai, UAE -- Sharjah's real estate transactions rose 9.3 percent year on year to about AED29.5 billion ($8.03 billion) in...
  • The Sharjah Real Estate Registration Department said it completed 59,460 transactions during the six-month period, up 23.7 percent from a year earlier.
  • Sales transactions totalled 16,426 across 202 areas, covering 85 million square feet, a 4.7 percent increase from the first half of 2025.
Business

DIB H1 net profit $1bn

Gross revenue increased 10% year on year
  • Net financing assets grew 7 percent since the start of the year to AED281 billion after the bank extended AED43 billion in new financing during the period.
  • Customer deposits rose 2 percent to AED327 billion, while total assets increased to AED423 billion.
Business

Major book publishers sue Google over use of copyrighted books to train AI models

Several major book publishers and authors have sued Google, alleging the technology company illegally copied millions of copyrighted books to...
  • The proposed class-action lawsuit was filed on Tuesday in a New York court by Hachette Book Group, Cengage Learning, Elsevier, author Scott Turow and his publishing company, S.C.R.
  • The lawsuit also alleged that Gemini can tailor its outputs to imitate the expressive style and creative choices of specific authors.
Business

Ajman real estate transactions reach $2.94 billion in first half

Dubai, UAE -- Real estate transactions in Ajman totalled more than 10.8 billion dirhams ($2.94 billion) in the first half...
  • The department recorded 6,815 real estate transactions during the January-June period, according to the Ajman Real Estate Index.
  • Trading transactions accounted for 5,435 deals worth 7.64 billion dirhams, while 969 mortgage transactions totalled more than 1.88 billion dirhams.
Business

Turkey’s exports to EU rise 4.7 percent to $55 billion in first half

Dubai, UAE -- Turkey's exports to the European Union rose 4.7 percent in the first half of 2026 to $55...
  • EU-bound shipments accounted for a significant share of Turkey's total exports, which increased 3.6 percent year-on-year to $136 billion during the January-June period.
  • Germany remained Turkey's largest export destination, receiving goods worth $10.1 billion, followed by Italy at $6.8 billion and Spain at $5.6 billion.

Awqaf Dubai investment portfolio market value rises to $402 million

Dubai, UAE -- Dubai's Endowment and Minors' Trust Foundation (Awqaf Dubai) said on Monday the market value of its securities...
Business

Company News

Sanad posts record revenue

Bank of Sharjah profit up 39%

DIB H1 net profit $1bn

SIB H1 profit up 15.3%

flydubai Aleppo flights resumed

Latest News

Musk kicks Kanye West off Twitter for ‘incitement to violence’ 

West has made a series of anti-Semitic comments recently, as the one-time titan of fashion and music appears to have...

Oman sees hospitality industry revenue fall 3.5%

The National Centre for Statistics and Information says domestic guest have supported the Oman's hotels.

Proof of Covid-19 vaccination, PCR test needed to enter Expo Dubai

Expo 2020 visitors will need a coronavirus vaccination or a negative PCR test to enter, organisers in Dubai has said....

Cyberattack hits hundreds of US businesses

A US IT company urges customers to shut down their servers after the attack UN Security Council members recently warned...

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private...

flydubai doubles daily Bangkok flights amid strong demand

Dubai, UAE -- Dubai-based carrier flydubai will introduce a second daily flight to Bangkok from July 18, doubling its daily...
Business

OpenAI loses appeal against EU refusal to register its name as trademark

Dubai, UAE -- OpenAI, the owner of the ChatGPT chatbot, lost Wednesday its appeal against the EU's refusal to register...
Business

Youth account for over 30 percent of EWEC workforce, utility says

Dubai, UAE -- Abu Dhabi's Emirates Water and Electricity Company (EWEC) said young professionals now make up more than 30...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

DIB H1 net profit $1bn

Gross revenue increased 10% year on year
  • Net financing assets grew 7 percent since the start of the year to AED281 billion after the bank extended AED43 billion in new financing during the period.
  • Customer deposits rose 2 percent to AED327 billion, while total assets increased to AED423 billion.
Business

Major book publishers sue Google over use of copyrighted books to train AI models

Several major book publishers and authors have sued Google, alleging the technology company illegally copied millions of copyrighted books to...
  • The proposed class-action lawsuit was filed on Tuesday in a New York court by Hachette Book Group, Cengage Learning, Elsevier, author Scott Turow and his publishing company, S.C.R.
  • The lawsuit also alleged that Gemini can tailor its outputs to imitate the expressive style and creative choices of specific authors.
Business

Ajman real estate transactions reach $2.94 billion in first half

Dubai, UAE -- Real estate transactions in Ajman totalled more than 10.8 billion dirhams ($2.94 billion) in the first half...
  • The department recorded 6,815 real estate transactions during the January-June period, according to the Ajman Real Estate Index.
  • Trading transactions accounted for 5,435 deals worth 7.64 billion dirhams, while 969 mortgage transactions totalled more than 1.88 billion dirhams.