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Investigations

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

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.

ABB to pay US$315m fine

Two affiliates of ABB pleaded guilty to bribery charges.
  • Two affiliates of ABB each pleaded guilty to one count of conspiracy to violate the US Foreign Corrupt Practices Act
  • In October eight people, including former Eskom CEO Matshela Koko, were arrested on corruption charges linked to the ABB work.

Israel PM says FBI won’t quiz troops over journalist’s death

Outgoing Prime Minister Yair Lapid said Israeli soldiers "will not be interrogated" by the US' Federal Bureau of Investigation (FBI)...
  • The Israeli army conceded on September 5 that one of its soldiers had likely shot Abu Akleh after mistaking her for a militant.
  • Democratic party lawmakers, rights groups and the Abu Akleh family have been pushing for a US-led inquiry.

Exclusive: ‘Cheerleaders’ hired to clap during FIFA Cup

Young Arab boys and girls from countries such as Lebanon are being flown to Qatar and paid $800 to cheer...
  • Young Arab boys and girls from countries such as Lebanon are being flown to Qatar and paid $800 to cheer during the upcoming World Cup, TRENDS Investigation reveals
  • Whoever had a valid passport and got three doses of Covid-19 vaccination jumped on the ‘clapping’ bandwagon, one of the clappers flying to Qatar tells TRENDS

UAE ranks 1st regionally in UNDP Human Development Report

The UAE has ranked 26th globally and first in the Arab world in the 2021/2022 Human Development Report, which is...
  • The Human Development Index (HDI) is a summary measure for assessing long-term progress in three basic dimensions of human development.
  • The three basic dimensions are a long and healthy life, access to knowledge and a decent standard of living.

Argentina seizes 1.6 tons of cocaine headed for Dubai

Argentine authorities seized 1.6 tons of cocaine hidden in animal feed destined for Dubai and detained 12 people, police said...
  • The seizure took place overnight from Thursday to Friday in the central city of Rosario in Argentina
  • The cocaine "is worth approximately $60 million," said the head of the dangerous drugs department in the federal police.

Clean beauty sector grows, so are greenwashing risks

In a positive development, the cosmetic industry at large is becoming greener. Approaches, however, are not always uniform or holistic...
  • In a positive development, the cosmetic industry at large is becoming greener. Approaches, however, are not always uniform or holistic across the board, say experts
  • Greenwashing generates skepticism in consumer mind when they find out that something they thought was true is not, add industry players

Cyberthreats put critical infra at risk in Middle East

Top cyber security experts speak to TRENDS about primary threats to critical infrastructure providers and how to build effective defenses.
  • The impact of some cyber attacks was felt far beyond the organizations impacted directly and, in some cases, across the world.
  • Gartner recently reported that only 60 percent of organizations globally protect endpoints.

2016 EgyptAir disaster started by cigarette in cockpit: report

An EgyptAir crash in 2016 that killed 66 people in the Mediterranean was likely caused by a fire that started...
  • There was a leak from the co-pilot's oxygen mask and the combustion of a cigarette smoked by the pilot or co-pilot
  • EgyptAir flight MS804 suddenly disappeared from radar screens on May 19, 2016 on its way to Cairo from Paris, killing everyone on board

Solar switch may put off electricity crisis in Lebanon

Lebanon's energy industry sees a loss of up to $2bn every year as state treasury pays over $50bn in advances...
  • Between $1.5bn and $2bn is lost in Lebanon's energy industry every year as state treasury pays over $50bn in advances to Electricité du Liban
  • The country’s electrical network sees 3500 megawatts demand while only 2,000 megawatts is produced, says energy expert Ahmed Daher

Marka: From a star UAE retailer to a bankrupt firm

Flouting norms, massive mismanagement and lack of transparency and corporate governance have potential to take any company the Marka Holding...
  • The recent Dubai court decision highlights that the funds of shareholders and creditors should be judiciously used. Else, the law of the land will catch you
  • In October 2021, the UAE retail and leisure company Marka was declared bankrupt by a local court, and all of its assets were brought into liquidation

Tech tycoon Lynch and Morgan Stanley chairman missing after yacht sinks in Sicily

The 56-meter British-flagged sailing yacht "Bayesian" was anchored with 10 crew and 12 passengers on board when it was struck...

Latest News

Saudi officials seize a big load of drugs at border with Jordan

A consignment of two million illegal pills was seized by the Saudi authorities along the kingdom’s border with Jordan. The...

Qatar takes key step to control own airspace

Qatar said on Tuesday that it has been given a preliminary green light by a UN body on a proposal...

Dubai authorities probe Jebel Ali Port blast

Dubai authorities were Thursday investigating an explosion on a container ship carrying flammable materials which unleashed a fireball at one...

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...

Oil prices extend gains after OPEC+ talks fail, equities mixed

Brent broke above $77 for the first time since 2018 Breakdown of talks raises the possibility of $100 a barrel...

Exclusive: ‘Cheerleaders’ hired to clap during FIFA Cup

Young Arab boys and girls from countries such as Lebanon are being flown to Qatar and paid $800 to cheer...

UAE ranks 1st regionally in UNDP Human Development Report

The UAE has ranked 26th globally and first in the Arab world in the 2021/2022 Human Development Report, which is...

Argentina seizes 1.6 tons of cocaine headed for Dubai

Argentine authorities seized 1.6 tons of cocaine hidden in animal feed destined for Dubai and detained 12 people, police said...

Most Read

Cyberthreats put critical infra at risk in Middle East

Top cyber security experts speak to TRENDS about primary threats to critical infrastructure providers and how to build effective defenses.
  • The impact of some cyber attacks was felt far beyond the organizations impacted directly and, in some cases, across the world.
  • Gartner recently reported that only 60 percent of organizations globally protect endpoints.

2016 EgyptAir disaster started by cigarette in cockpit: report

An EgyptAir crash in 2016 that killed 66 people in the Mediterranean was likely caused by a fire that started...
  • There was a leak from the co-pilot's oxygen mask and the combustion of a cigarette smoked by the pilot or co-pilot
  • EgyptAir flight MS804 suddenly disappeared from radar screens on May 19, 2016 on its way to Cairo from Paris, killing everyone on board

Solar switch may put off electricity crisis in Lebanon

Lebanon's energy industry sees a loss of up to $2bn every year as state treasury pays over $50bn in advances...
  • Between $1.5bn and $2bn is lost in Lebanon's energy industry every year as state treasury pays over $50bn in advances to Electricité du Liban
  • The country’s electrical network sees 3500 megawatts demand while only 2,000 megawatts is produced, says energy expert Ahmed Daher