Economy

Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Kazakhstan aims to expand trade ties with UAE to the tune of US$1bn

Abu Dhabi, UAE--Kazakhstan is keen to expand trade ties with the UAE, setting a target of $1 billion in mutual...
  • He noted how new trade roads from the Caspian Sea to Abu Dhabi and Dubai ports in the UAE can connect the region
  • The minister said that Kazakhstan is committed to using its agricultural potential to address global food shortages

At least 30% of all housing units in Gaza destroyed or damaged: UN

Geneva, Switzerland - At least 30% of the housing sector in the Gaza Strip has been either destroyed or rendered...
  • "Hospitals are on the brink and overcrowded with patients, many awaiting treatment," the OCHA said
  • Hundreds of people including children have been trapped beneath the rubble amid airstrikes in Gaza

Key events reinforce UAE’s position as business hub

"Hosting global events serve as crucial platforms, uniting experts and specialists from diverse sectors. They offer opportunities for communication, opinion...
  • UAE emerges as global economic nexus, hosting premier events and conferences
  • UAE's GDP in 2022 shows significant growth, with FDI reaching a record high

Egypt ‘clearing path for Gaza aid’: security source, witnesses

The UN has described the situation inside Gaza as "beyond catastrophic" as Israel pounds the enclave from the air in...
  • Israel has refused to open its borders with Gaza but US President Joe Biden brokered a deal to allow aid in via the Rafah crossing with Egypt
  • The deal came with strict conditions from Israel, aid must only go to civilians and not fall into the hands of Hamas fighters

Moody’s puts Israel’s credit ratings on review for downgrade

Moody's announced that it was putting a number of the Israeli government's credit ratings on review for a downgrade, including...
  • Moody's statement comes after Fitch Ratings announced on Tuesday that it was placing Israel's A+ foreign-and local-currency issuer default ratings on "Ratings Watch Negative"
  • Fitch cited "the heightened risk of a widening of Israel's current conflict to include large scale military confrontations with multiple actors, over a sustained period of time"

Tourism prowess makes Riyadh top World Expo choice

As Riyadh vies to host 2030 World Expo, the city offers a perfect blend of historical charm and modernity, spotlighting...
  • The capital of Saudi Arabia is currently undergoing a transformative journey in tourism, seamlessly blending its historical allure with modern sophistication
  • As Riyadh vies to host 2030 World Expo, it's set to showcase its rich history, architectural marvels, diverse culinary offerings, and advanced mobility solutions

Tourism prowess makes Riyadh top World Expo choice

In its bid to boost tourism, the Saudi capital blends historical charm with modernity, spotlighting its rich heritage, architecture, cuisine,...
  • The capital of Saudi Arabia is currently undergoing a transformative journey in tourism, seamlessly blending its historical allure with modern sophistication
  • As Riyadh vies to host 2030 World Expo, it's set to showcase its rich history, architectural marvels, diverse culinary offerings, and advanced mobility solutions

Qatar eyes North Field to boost liquefied gas output

Qatar plans a 60% boost in liquefied gas production by 2027 through North Field expansion, tapping the world's most substantial...
  • Qatar plans a 60% boost in liquefied gas production by 2027 through North Field expansion, tapping the world's most substantial gas reservoir with 50.97trn cubic meters
  • The project will raise global LNG by 48 million tons annually, supporting a GDP per capita over $84,000 from $132bn gas exports while producing 40% of new LNG by 2029

PIF announces pricing of inaugural $3.5bn global sukuk issue

RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) on Thursday successfully priced its first dollar-denominated Shariah-compliant trust certificates (sukuk)....
  • The issuance will be listed on the London Stock Exchange’s International Securities Market (ISM).
  • The sukuk issuance was more than seven times oversubscribed, with orders exceeding $25 billion,

Saudi Metrology Organization, Enterprise Singapore ink MoU on standardization

RIYADH, SAUDI ARABIA – The Saudi Standards, Metrology and Quality Organization (SASO) and Enterprise Singapore signed an MoU here, focusing...
  • The pact encompasses cooperation and the exchange of best practices and experiences in metrology, calibration and safety of consumer products.
  • The MoU includes provisions for training, capacity building and collaboration in the development of infrastructure for standards and quality.

Non-Human Identities: How Agentic AI is creating a new, unseen frontier in enterprise cybersecurity risk

Adept at grasping context, planning and adaptive problem-solving, the agentic AI execute complex, multi-step processes with minimal human intervention or...

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EXCLUSIVE: AI agents to reshape the future of work, says CEO Automation Anywhere

Davos, Switzerland: AI agents are set to revolutionize the way businesses operate, with tasks being divided into autonomous, AI-assisted, and...

Oman launches New Nation Brand at Davos to enhance global presence

Muscat, Oman – Oman on Tuesday launched its New Nation Brand at the World Economic Forum in Davos in an...

There’s nothing more interlinked and global as international financial markets: Swiss president

In an exclusive interview with TRENDS, Swiss President Karin Keller-Sutter emphasized the critical role of financial stability in safeguarding global...

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Social media’s evolving role in GCC spotlighted at Doha conference

Doha, Qatar – The Qatar Investment and Innovation Conference, held on Wednesday, at Barahat Msheireb in Msheireb Downtown Doha, brought...
  • The conference, co-hosted by Msheireb Properties and The Business Year, explored critical themes critical to the GCC’s position as a leading investment hub
  • Julien Hawari, CEO of Million and Sirius Lab, highlighted key social media trends in the region, such as the rise of content driven by younger, tech-savvy demographics

UAE’s satellite, developed by Emirati engineers, launched from California to aid disaster relief and earth observation

With cutting-edge features like high-resolution imaging and electric jet propulsion, MBZ-SAT will enhance environmental surveillance, disaster management, and infrastructure monitoring,...
  • Named in honour of the President Sheikh Mohamed bin Zayed Al Nahyan, the satellite was announced in 2020 by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum
  • MBZ-SAT marks a significant milestone in the UAE's satellite development journey, having been developed entirely by Emirati engineers at MBRSC

Creators HQ, X announce strategic partnership to produce authentic, meaningful content

Dubai, UAE - Creators HQ in the UAE, the world’s first international hub for the content economy’s creators and entrepreneurs,...
  • The collaboration aims to create purposeful, credible and quality global content that reinforces the UAE’s status as a leading hub for the creative economy
  • This initiative coincides with the 1 Billion Followers Summit, the world’s largest summit dedicated to the content creator economy,