INSEAD Day 4 - 728x90

Culture & Society

EasyLease H1 profit $12.2m

Revenue rises on stronger operations.

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

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.

Art sales hit all-time high in 2021, continue rapid growth in Asia

Art auctions saw a record year in 2021 with $17.1 billion (15.6 billion euros) in sales as the market continued...
  • There was also the landmark moment when digital artist Beeple sold a NFT for $69 million, the third-highest figure ever paid for a living artist.
  • Contemporary art -- counted as anything created after 1945 -- accounts for a growing share of sales, with 20 percent of the market, up from 3 percent in 2000.

Starvation in war-torn Yemen likely to increase five times : UN

The number of people in war-torn Yemen starving in famine conditions is projected to increase five-fold this year to 161,000,...
  • Over 30,000 people are already struggling in famine conditions, a joint statement by the UN and other global bodies said
  • The joint UN statement on Yemen comes two days ahead of a high-level conference to raise aid for the war hit nation

Irthi Contemporary Crafts Council focuses on palm fiber at Art Dubai

The 15th edition of Art Dubai which displayed findings of its advanced palm fiber research and palm textile prototype, paving...
  • Irthi Contemporary Crafts Council, an affiliate of the UAE-based NAMA Women Advancement, explored UAE’s relationship with date palm.
  • It discussed how such local, environment-friendly materials could pave the way for the creation of a circular economy centered on palm waste.

Arab Youth Council and HSBC to educate Arab students about climate action

HSBC sponsors the program that provides open-source sustainability skills, ideas and solutions to all university and college students in the...
  • The two parties signed a pact by which they will cooperate in building the capacities of students and developing their skills.
  • The two parties would collaborate to implement an interactive curriculum project available to all students of universities, colleges.

160 arrests, scores of police injured in Moroccan football violence

Fights frequently break out between fans of the country's two top Casablanca clubs, Wydad and Raja.
  • Fights frequently break out between fans of the country's two top Casablanca clubs, Wydad and Raja
  • Moroccan football federation meeting is scheduled for next week to discuss the violence

Dubai Fitness Challenge keeps residents hooked to daily workout

Dubai Fitness Challenge, a program launched in 2017 to improve the well-being of the residents, has seen 88 percent of...
  • The program has seen the number of participants more than double from 786,000 in its inaugural year to 1,650,000 people in 2021.
  • The participants’ overall satisfaction was extremely high for the 5th edition with 93 percent extremely happy with their experience.

A camel beauty contest with $275,000 cash prize

The lips pouted to perfection, the neck was long and poised, and the judges were sure that no Botox was...
  • The animal, named Mangiah Ghufran, was declared winner of the one million riyal ($275,000) top prize at the first Qatar Camel Festival
  • Previous festivals were more local but now Qatar has allowed in camels from across the region

More women make positive impact on GCC businesses

In the wake of International Women’s Day, TRENDS highlights how courageous Arab women are making a difference in the business...
  • The UAE ranked first in the MENA region when it came to women-friendly policies and programs
  • GCC countries strive to increase opportunities for women and encourage them to pursue careers in business and technology

Nightmare of underage marriage for Moroccan girls

Rights groups say that marriage of girl child is widespread in remote, landlocked and marginalised areas in the country.
  • Precarious livelihoods and long-held traditions in Morocco's backward areas hinder mission of spreading awareness on women's issues

Turkey tourism industry bemoans Russia-Ukraine war

Every Sunday Noori Sani welcomes his old friends around a bountiful Turkish breakfast in Istanbul. But surrounding him now are...
  • Within a few days of Russia's invasion of Ukraine on February 24, Ukrainians and Russians cancelled reservations for trips of Turkey
  • Visitors from Ukraine and Russia made up over a quarter of all tourists who arrived in Turkey last year, tourism ministry reported

UNFPA and corporate partners drive reproductive justice in workplaces

Mariarosa Cutillo, UNFPA Chief of the Private Sector and Civil Society Branch, says businesses need to provide adequate maternal health...

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UNESCO adds Djerba in Tunisia to world heritage sites list

Tunis, Tunisia -- UNESCO announced Monday it was adding the Tunisian resort island of Djerba to its list of World Heritage...

Turkish clubs financially hit attracting big names in transfer market

Eyes have been on Saudi clubs' transfer outlays which have rivaled those of the top European sides, but Turkish teams...

Nine works nominated for 9th Katara Prize for Arabic Novel

Doha, Qatar - The Cultural Village Foundation (Katara) revealed the lists of nine works that would be included in the...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Five-member Israeli delegation makes first open visit to Saudi Arabia

An Israeli delegation attended a UNESCO meeting in Riyadh, marking the country's first publicly announced visit to Saudi Arabia as...
  • The team travelled through Dubai, the official said, as there are no direct flights between Israel and Saudi Arabia.
  • They received their visas via UNESCO, the United Nations' educational, scientific and cultural organization.

Saudi clubs spent $875.4m on new players from June 1- Sept 1, says FIFA

Spending by Saudi Arabian football clubs in the transfer window just closed was second only to that by teams in...
  • Much of the Saudi Pro League's business was done with English Premier League clubs, which received $698 million in overseas transfer fees.
  • The Pro League's net spend, deducting money received from selling players, was $907 million, placing it behind Premier League's net spend of $1.39 billion.

UN urges age restrictions on Artificial Intelligence in schools

Paris, France - The United Nations called on Thursday for strict rules on the use of AI tools such as viral...
  • "Generative AI can be a tremendous opportunity for human development, but it can also cause harm and prejudice," said Audrey Azoulay of UNESCO.
  • "It cannot be integrated into education without public engagement, and the necessary safeguards and regulations from governments," he added