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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

UHNWIs drive Dubai’s luxury real estate growth

"The ultra-high-net-worth individuals (UHNWIs) have transformative impact on the real estate market. These individuals, with their discerning tastes and substantial...

CFOs at forefront of ESG integration in businesses

"The CFO's role as an ESG guardian and promoter varies significantly across organizations. CFOs with limited ESG experience should deepen...

Disruptions bring with them fresh opportunities

CIOs should consider new possibilities enabled by graphene-based technologies and start to identify emerging suppliers. While elements of business composability...
  • Disruptions are fundamental shifts that create lasting change, and successful organizations will be those that are prepared to address them
  • CIOs must take time to consider “what if” scenarios to avoid being blindsided by social, behavioral and technological disruptions

MENA firms need defense mechanism against inflation

Winning firm can still seize the current moment with bold, decisive actions to address the near term, while building strategies...
  • As high inflation has persisted over the past year, many consumer product companies have found their initial increases were insufficient, experts from Bain & Company point out.
  • Today, it’s more important than ever for consumer products companies to build durable and flexible strategies that can withstand continued inflation and supply pressures, they add.

Iraq invests in people, works on sustainable goals

The challenges facing Iraq today are the result of long accumulations that we are working to dismantle and our hope...
  • Iraq looks forward to receiving more UN support in the reconstruction of the liberated areas affected by the occupation of the terrorist gangs, says country's PM
  • Despite the difficult circumstances, the Iraqis used that spirit of hope to fight terrorism and defeat it on behalf of the whole world, Al-Kadhimi adds

‘One man chose this war.  One man can end it’

"Defending Ukraine’s sovereignty and territorial integrity is about much more than standing up for one nation’s right to choose its...
  • Even a number of nations that maintain close ties with Moscow have said publicly that they have serious questions and concerns about President Putin’s ongoing invasion
  • Defending Ukraine’s sovereignty and territorial integrity is about much more than standing up for one nation’s right to choose its own path, fundamental as that right is

World has to fight food insecurity together

Over 100 countries have signed on to the Roadmap for Global Food Security. Many are already acting on those commitments....
  • At the outset of 2022, conflicts, COVID-19, the effects of the climate crisis had already driven more than 190 million people into acute food insecurity, Blinken said.
  • More than 100 countries have signed on to the Roadmap (for Global Food Security); Many are already acting on those commitments.

Commodities drop amidst darkening growth outlook 

In addition, demand in China continues to linger after the IEA said the world's largest importer of oil was heading...
  • Growth and demand concerns, as well as the stronger dollar making the cost of fuel increasingly expensive around the world, remains key focus of the markets
  • Demand in China continues to linger after the IEA said the world's largest importer of oil was heading for its biggest annual drop in demand in more than three decades

Attacks using Log4j exploit, Botnets are on the rise

While attacks using the Log4j exploit vulnerability can be effective for state actors focused on specific politically targeted websites, the...
  • Some of the most notable services affected by the vulnerability include Cloudflare, iCloud, Minecraft: Java Edition, Steam, Tencent QQ, and Twitter.
  • Given that there are still millions of unpatched sites using out of date Log4j code, it’s fertile ground for hackers.

Valuations tank but it’s not yet doom and gloom

Some of the fear in markets is unjustified, at least for now. Many of the economic factors that propelled deal-making...
  • There are reasons to remain upbeat. For a start, markets have rebounded. The NASDAQ is already back to October 2021 values.
  • Many of the economic factors that propelled deal-making last year, namely interest rates, haven’t actually changed. VCs, corporates, and others are still flush with cash

Kubernetes simplifies container use in the Middle East

With Kubernetes, regional enterprises have automated their deployment, managment and scaling of containerized applications. Since it is controlled by developers...
  • With Kubernetes, regional enterprises have automated their deployment, management and scaling of containerized applications.
  • Since it is controlled by developers and not infrastructure teams, there is a better understanding that ultimately leads to high quality results

Investing in HR technology crucial for small companies

A cloud-based HR platform can help HR teams automate and streamline business processes to focus on attracting and nurturing talent....
  • For any small and medium business, a modern human resources platform can be a powerful tool for transforming the acquisition, engagement and management of people
  • A cloud-based HR platform can help HR teams automate and streamline business processes to focus on attracting and nurturing talent beside automating repetitive activities

UHNWIs drive Dubai’s luxury real estate growth

"The ultra-high-net-worth individuals (UHNWIs) have transformative impact on the real estate market. These individuals, with their discerning tastes and substantial...

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New initiatives to enhance Saudi market infrastructure

"This quarter, we focused on enhancing our market infrastructure and introduced several initiatives, including changes to the debt market; negotiated...

Logistics delivers boom with value-added services

"A top-tier, industry-specific enterprise resource planning (ERP) solution is vital for efficiently delivering these value-added services. Distributors grapple with supply...

BRICS expansion points to a shift in global dynamics

The Middle East, with its vast resources and strategic position, can play a crucial role in BRICS' vision of a...

Most Read

Gulf’s green transition: How Turkiye can lead the way

As these countries -- including Saudi Arabia, UAE and Qatar -- progress to the next phase of their economic diversification,...
  • The act of presenting an electric car to the leaders of major fossil fuel-producing countries by Erdoğan highlights a shift in regional perspectives on future energy sources
  • As these countries -- including Saudi Arabia, UAE and Qatar -- progress to the next phase of their economic diversification, Turkiye can emerge as a dependable partner

Generative AI brings challenges and opportunities

"New technologies like generative AI bring both opportunities and risks. A holistic AI strategy ensures privacy, security, and compliance, considering...
  • The rise of ChatGPT has ignited immense interest in generative AI, with numerous businesses integrating it enterprise-wide
  • AI technology is proliferating at an unprecedented pace, surpassing any other technology, writes Gail Coury, SVP and CISO, at F5

FMCG sector drives global economic growth, innovation

"The growth of the FMCG industry is closely tied to population growth, urbanization, and rising disposable incomes. The sector is...
  • The FMCG sector is a primary source of employment, providing opportunities across the supply chain
  • The industry has strong linkages with ancillary sectors like packaging, advertising, logistics, and transportation