Energy-related global CO2 emissions hit record levels in 2023, says IEA
PARIS, FRANCE – Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years...
Science
Digital transfers reshape MENA’s financial landscape
The region sees a robust future for digital cross-border transfers in the Middle East, marked by innovation and a strong...
Business
DEWA to be listed on Dubai Financial Market in coming months
The listing is part of the Securities and Exchange Higher Commission’s strategy to increase the size of the stock market...
- The listing is part of the Securities and Exchange Higher Commission’s strategy to increase the size of the stock market in the Emirate to AED3 trillion
- The move is likely to raise the competitiveness of bourses and encourage more initial public offerings
Business
SHUAA’s insurance assets grow to $136m
The firm expects the assets to reach $500m within three years.
- SHUAA has managed the equity and debt portfolios of five major insurance firms.
- The company is focused on strategically growing its insurance assets under management, said MD SHUAA.
Business
Pfizer lifts 2021 forecasts, sees $36bn in Covid vaccine sales
Pfizer again lifted its 2021 profit and revenue outlook on Tuesday, bolstered by the latest surge in Covid-19 vaccinations, including...
- The drug maker now expects 2.3 billion dosage deliveries of the Covid-19 vaccine in 2021
- Pfizer said higher forecast 2021 results reflects the boost from the Covid-19 vaccine, as well as the performance of Pfizer's broader business
Business
50 Dutch companies arrive in UAE: Water, food, energy on agenda
Representatives of 50 Dutch companies, led by the Dutch Minister for Foreign Trade and Development Cooperation Tom de Bruijn, arrived...
- More than 350 companies operate in the UAE and use the Emirates as a base for the Gulf region.
- More than 350 companies operate in the UAE and use the Emirates as a base for the Gulf region.
Business
Theft of data worries UAE and Saudi residents, says study
Ding launched the second Ding Global Prepaid Index (GPI)in the United Arab Emirates and Saudi Arabia.
- 45% of UAE respondents fear data being collected, 37% in KSA
- 75% of UAE respondents say they have low trust in social media platforms
Business
Sharjah Chamber and Kazakhstan to explore investment opportunities
The Sharjah Chamber of Commerce and Industry (SCCI) and Kazakhstan have discussed ways of benefiting from promising investment opportunities in...
- The chamber recently participated in the "Nur-Sultan Investment and Tourism Forum" organized by Invest in Nur-Sultan Office at Expo.
- Chamber's participation in the forum shows its keenness to explore business avenues abroad, said Abdullah Sultan Al Owais, Chairman of the SCCI.
Analysis
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
Economy
UAE’s ADNOC reinstates full oil supplies in Dec
It will be the first time since the oil price crash in the second quarter of last year when the...
- It will be the first time since the oil price crash in the second quarter of last year due to the COVID-19 pandemic that ADNOC has not implemented any supply cuts
- Brent crude futures gained nearly 60% since the beginning of the year to hit a near three-year high on Monday
Business
Jazeera Airways posts $39m profit
The airline registered a net profit of KD 11.8 million in the Q3.
- Number of passengers flown in Q3 increased by 361.8% to 302.9 thousand
- Jazeera chairman says that there will be growth in the network in near future
Business
DFM to list 10 new firms
Dubai aims to increase its market volume to AED3trn.
- The Dubai Financial Market has listed 10 government and state-owned companies
- The announcements came during the first meeting of the Securities and Exchange Higher Committee
Energy-related global CO2 emissions hit record levels in 2023, says IEA
PARIS, FRANCE – Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years...
Science
Company News
Maaden Q1 net profit down 81%
Business
Latest News
Ryanair posts bumper profits
Business
Saudi Arabia lures football stars with big money
From Cristiano Ronaldo to Neymar, the kingdom is offering eye-watering salaries to international football stars to bring them over from...
Business
EU provides US$24m for payment of allowances to poor Palestinian families
Jerusalem--The European Union has disbursed $24 million for the payment of social allowances to 71,162 vulnerable Palestinian families through the...
Economy
New industrial licenses surge 17% in first year after Abu Dhabi Industrial Strategy launch
The number of new industrial Rowad permits issued in Abu Dhabi increased from 204 to 238 from July 2022 to...
Economy
Most Read
Videos
Five skills workers require in real estate
Saudi Arabia’s real estate sector is evolving with new regulations, creating fresh job opportunities. The latest initiatives seek to enhance...
- Saudi Real Estate General Authority introduces 12 new roles, including positions like real estate broker, advertiser, and property manager
- The initiatives are aimed at boosting the real estate sector's contribution to the Kingdom's GDP, enhancing the role of non-oil sectors
Business
Bahrain Central Bank’s Sukuk Al Salam oversubscribed 319%
Manama, Bahrain - The Central Bank of Bahrain (CBB) has said its monthly issue of the Sukuk Al-Salam Islamic securities...
- Subscriptions worth BD 137.151 million ($364m) were received for the BD 43 million ($114m) issue, which carries a maturity of 91 days.
- Expected return on the issue, which begins on August 16 and matures on November 15, is 6.25 percent, compared to 6.10 percent of the previous issue.
Business
Yalla Group H1 revenue $152m
The Group posted revenues of $79 million in the second quarter.
- The revenue grew by 2.9% compared to the first half of last year, while the net income in H1 2023 was recorded at AED176.9 million ($48.2m)
- Yalla displayed strong performance in the second quarter of the year where it posted revenues of AED291 million (around $79.2 million)