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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.

Urgent need for container-specific data protection

With cyber-attacks up to 85% from 76% last year, organizations must prioritize proven backup and recovery plans to stay ahead...
  • Container technology, while not new, is reaching a widespread adoption tipping point.
  • Misunderstandings persist around container technology and Kubernetes management.

Global AI economy will reach over $32 trillion by 2027

The emergence of AI-managed portfolios marks a notable change in the investment realm. Success in this evolving landscape will require...
  • AI-driven portfolio management systems are challenging traditional investment methods.
  • The future of investment may lie in a hybrid approach, combining AI with human insight.

Expo City Dubai’s adaptive reuse redefines urban living

"With sustainability as a top priority in the region, we are excited to see more developers consider repurposing properties and...
  • Expo City Dubai stands as a landmark adaptive reuse project, signaling a shift towards sustainable development in the Middle East.
  • The new project repurposes the World Expo 2020 site into a self-sustaining and eco-friendly residential neighborhood in Dubai.

Dubai’s real estate defies the odds during global crises

The Palestine-Israel conflict and the war in Ukraine illustrate the difficulty in forecasting the enduring impact of such events. In...
  • Dubai's strategic neutrality in Middle Eastern conflicts underpins its appeal to foreign investors.
  • The city's reputation for safety and tolerance continues to attract a diverse international community.

US curbs on Iran’s oil exports may hit global portfolios

The US tightening sanctions on Iranian oil could have a negative impact on individual and institutional investment portfolios by disrupting...
  • The potential US sanctions on Iran's crude oil exports, due to its support for Hamas, could directly impact global portfolios, especially those with energy sector assets.
  • Potential restrictions on Iran will present both challenges and opportunities for energy stocks, possibly prompting central banks to raise rates amid inflation concerns.

Women break barriers for gender equality in finance

This culture should recognize and value the contributions of women and prioritize their growth and development. By highlighting successful women...
  • In the financial sector, diverse teams enhance decision-making and performance, yet women occupy just 10% of CEO roles in Fortune 500 companies
  • Emirati women constitute 31% of the UAE's finance sector workforce, underscoring the crucial role of mentorship and role models in advancing their careers.

For GCC, centralized demand planning is indispensable

Facing challenges like varied categorization and technical standards, GCC economies are turning to innovative solutions. With digital technologies and unified...
  • GCC governments can attain more effective demand planning by mandating a common harmonized data structure and forecasts based on volatility metrics
  • As GCC aims to reshape their economies by fortifying local industries, governments and SOEs have a golden opportunity to attract the necessary investment

MEA brands focus on personalized customer experience

"Post-Covid GCC travel trends are promising: about 50% of customers plan to increase digital spending in travel and retail. With...
  • In the digital era, customer engagement is vital, shifting from transactional ties to interactive bonds; 20% of engaged patrons drive 80% of sales through endorsements
  • Post-Covid, travelers see personalized offers, not just reminders; 34% might switch due to poor communication; GCC sees rising digital spend; CEPs promote sustainable growth.

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...
  • In Q2 2023, Saudi's capital market grew steadily, with Main Market capitalization rising by 9.24%, despite slower GDP growth and declining inflation from Q1
  • Nomu - Parallel Market's capitalization surged by 54.61% during Q2 with eight new companies listed, as Saudi Exchange prioritized attracting foreign investors

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...
  • The Middle East and African freight and logistics market is predicted to record a compound annual growth rate of about 6% between 2023 and 2028
  • To tap into growth opportunities in the region and for better results, distributors must consider incorporating value-added services into their strategies

Trump’s tariffs fallout: Why trade tensions are a ‘storm cloud’ over financial markets

Stocks later rallied after Trump announced a 90-day pause on additional higher tariffs that were set to impact around 80...

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Strengthen emotional security to thwart cyberattacks

While love, loneliness, and excitement are easily exploitable emotions, any factor impacting someone’s emotional state can make them a target....

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...

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...

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AI revolutionizes UAE’s life sciences & healthcare

"By leveraging advanced data analysis techniques to process extensive datasets from diverse sources, including genomic data, scientific literature, and clinical...
  • AI is transforming drug discovery, diagnostics, and personalized treatments, marking a new era in medical research.
  • The UAE, especially Abu Dhabi, is setting global standards in longevity and healthcare integration for better future.

Emerging crypto hub UAE shapes digital assets’ future

"As 2024 unfolds, we anticipate that both private and public enterprises will increase their investments in the infrastructure and services...
  • Bitcoin marked a 134 percent increase in the year 2023, signifying a resurgent crypto market.
  • The UAE thawed the crypto winter, with institutional investments driving cryptocurrency deals.

Rising threat of lookalike domains poses new challenge

"Detecting these attacks and avoiding falling victim to them is vital, but the ability to take down lookalike domains is...
  • Lookalike domains deceive users via SMS, social media DMs, and QR codes.
  • DNS vulnerability allows attackers to create authentic-looking fake domains.