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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Technology and Short-Term Rentals in Dubai

Dubai’s short-term rental sector is being reshaped by cutting-edge proptech. From AI-driven guest personalization and immersive VR tours to smart...

How city governments can foster tech-sector growth without breaking the bank

City governments are usually equipped to promote their cities through websites, newsletters, communications, as well as hosting delegations visiting from...

Acute hunger, healthcare collapse worsen Gaza crisis

The situation in Gaza is a humanitarian catastrophe, with hospitals like Al-Shifa and Al-Sahaba facing dire shortages of medical supplies...
  • Once Gaza's largest hospital, Al-Shifa is now confined to providing only basic first aid, severely limited by ongoing hostilities.
  • In Gaza, extreme hunger drives people to desperate measures, risking their safety in a relentless search for food to survive.

Navigating the rising tide of cyber threats in GCC

"Critical infrastructure organizations are distinct from other enterprises; their downfall could bring entire sectors of the economy down with them....
  • Rising cyber threats in the UAE and GCC are alarmingly high, with over 50,000 daily attacks causing significant financial and societal impacts.
  • High-profile attacks in the region have included notable incidents such as Aramco's ICS breach and multiple attacks on UAE's infrastructure.

GCC drives ahead into the future of transportation

With the technology and vision firmly in place, the GCC countries are now building momentum, developing the partnerships, infrastructure, and...
  • The GCC, led by the UAE and Saudi Arabia, emerging as strong contenders in autonomous mobility.
  • Saudi Arabia's strategic initiatives are positioning it as a global leader in autonomous transport.

Act now as climate crisis has reached critical point

"Renewable energy is key to our planet's future. It's time to phase out fossil fuels and embrace sustainable solutions. The...
  • Earth's vital signs are failing with record emissions and extreme weather events, signaling a climate emergency.
  • UN makes an urgent call for global leaders to prevent a planetary catastrophe by meeting Paris Agreement goals.

Time to transform climate commitments into action

"At COP28, governments need to focus on two timeframes: an immediate surge in climate action and a springboard for the...
  • The climate crisis escalates, demanding bold action at COP28 in Dubai, says UN Climate Change Executive Secretary Simon Stiell.
  • Developing nations require substantial financial support for climate resilience and renewable energy initiatives, he adds.

Social media plays key role in shaping online trading

"The rapid pace and fervor surrounding social media have introduced volatility into financial markets, leading to instances where stocks, particularly...
  • Social media has opened up opportunities for independent and self-motivated online traders.
  • Financial guidance is actively sought on social media platforms, especially by young investors.

AI, Industry 4.0 transform Middle East manufacturing

"As we look ahead, the manufacturing landscape is set to continue evolving, navigating through the VUCA (volatility, uncertainty, complexity, and...
  • Saudi Arabia, the UAE, and Egypt spearhead the Middle East's manufacturing growth, harnessing AI and Industry 4.0 to revolutionize their economic landscape.
  • In 2024, Middle Eastern manufacturers will focus on smart manufacturing, AI-enhanced supply chains, and digital ecosystems, driving sustainable growth in a pivotal year.

AI, NLP transform business operations in Gulf region

AI and NLP are revolutionizing workplace efficiency by enabling employees to swiftly access essential information, thereby augmenting customer and personal...
  • AI is creating a 'frictionless' work environment, streamlining daily operations.
  • Invisible apps provide seamless integration, enhancing employee efficiency.

Gaza and Ukraine: Two sides of the Western bias

The US President Joe Biden's recent statements on the ongoing Gaza conflict, especially his assertions about Hamas' headquarters and the...
  • US President Joe Biden's recent press conference highlights differing narratives on conflicts in Ukraine and Gaza, writes Shakir Husain.
  • Western support for Israel's actions in Gaza underscores a shift from observers to participants in Middle Eastern conflicts, he adds.

Russia-UAE economic ties strengthen with $9bn trade

The streamlined IP processes, including efficient patent registration and robust litigation frameworks, are key factors contributing to this thriving bilateral...
  • The UAE's innovations in the oil sector offer patent opportunities in Russia.
  • Intellectual Property (IP) protection vital for Russian imports of UAE goods.

Technology and Short-Term Rentals in Dubai

Dubai’s short-term rental sector is being reshaped by cutting-edge proptech. From AI-driven guest personalization and immersive VR tours to smart...

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Cyber insurance shapes the future of cybersecurity

Cyber insurance, particularly around ransomware, is moving towards a world where insured businesses have strong cyber resilience, well-defined disaster recovery...

Vision 2030 empowers women in Saudi legal sector

"The progressive momentum generated in the past decade fills us with positivity and reassurance in the Kingdom, where we have...

Zero trust remains an ongoing cybersecurity evolution

Achieving Zero Trust Data Resilience is not an overnight task but a journey requiring organizational alignment, continuous adaptation, and the...

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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...
  • Integration of ESG into finance sectors highlights the evolving expectations from CFOs.
  • In-house research shows 89 percent of CFOs rate communication as the most vital skill.

Choice and opportunity are crucial for empowerment

"These are all campaigns into which I have poured my heart and soul. True empowerment, the kind I want for...
  • Reema Bandar Al-Saud, Saudi Ambassador to the United States of America, responds to criticism in The Washington Post regarding the WTA Finals in Saudi Arabia.
  • She highlights the significant progress in women's rights and sports in Saudi Arabia, with 330,000 female athletes, advocating for a global, balanced dialogue on women's issues.

Disinformation, misinformation hurt global businesses

"These risks are serious because they limit our ability to tackle the big global challenges we are facing. Changes in...
  • Rebuilding trust and fostering global collaboration are essential to address the present challenges.
  • The role of AI and digital innovation in combating misinformation and boosting productivity.