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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.

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

Comprehensive data protection strategies are crucial

A solid Data Protection and Ransomware Recovery strategy includes several components, such as Data Identification and Flow Management, Data Risk...
  • Ransomware attacks are growing in size and scope, with 85% of organizations hit at least once, a significant increase from 76% the previous year, writes Mohamad Rizk of Veeam
  • Cyber insurance doesn't cover all ransomware costs, and policies are getting pricier. A comprehensive Data Protection and Ransomware Recovery strategy is vital for resilience

Russia, Africa build a new, fairer global architecture

"I would like to note that the African continent is emerging as a new center of power right before our...
  • Russia and Africa share a strong bond of friendship and mutually beneficial ties, with foundations laid in mid-20th century
  • Russia and African states are working together to build a new, fairer global architecture and protect international law

Expo bid validates Saudi Arabia’s diplomatic skills

While challenges remain in Saudi Arabia's bid for the Expo 2030 despite increasing global support, the Kingdom seems determined to...
  • Saudi Arabia's deepening relations with countries across the world are reflected in the growing support for its Expo 2030 bid
  • Despite competition from Busan and Rome, Saudi Arabia is strong contender due to global support and noticeable transformations

Erdogan’s visit a game-changer for Turkish-Gulf ties

For the wealthy Gulf states, combining their resources with Turkiye's defense and industrial achievements will produce lasting benefits not only...
  • Erdogan's visit was aimed to boost economic relations and tackle Turkey's economic challenges, writes Turkish Professor Ibrahim Karataş
  • Major agreements were signed with Saudi Arabia and the UAE, with a strong focus on defense and economic cooperation, he adds

GCC governments focus on service fee reform

"Sometimes, the fees have undermined their intended purpose as a cost recovery tool for the provision of a service. For...
  • GCC governments grapple with a complex web of service fees hindering businesses and residents
  • Unintended consequences turn fees into long-term taxes, undermining their original purpose

Towards the next 50 years between Japan and UAE

"In education, Japan is working to promote study exchanges and internships for Emirati students and young professionals. Japan continues to...
  • Japan has contributed significantly to the development of the UAE's oil industries and infrastructure since the 1960s, writes Japanese Prime Minister Fumio Kishida
  • Cooperation between Japan and the UAE spans sectors such as climate change, education, science and technology, space, and defense, the Japanese PM points out

US is on course for soft landing, may avoid recession

During periods of economic stability, government focus typically gravitates towards infrastructure development. Investments in sectors like construction, transportation, energy, utilities,...
  • The Consumer Price Index (CPI) rose just 0.2% in June and was up 3% from a year ago, says Nigel Green, the CEO and Founder of deVere Group
  • The Federal Reserve seems to be successfully controlling inflation without pushing the United States into a recession, opines Nigel Green

Act wise as institutional investors fuel Bitcoin’s rise

This trend has been particularly emphasized with Blackrock, one of the world's most influential fund managers, applying for what could...
  • As Bitcoin charts an impressive course, hitting a 12-month high, one major catalyst can be attributed to the growing interest of institutional investors in the cryptocurrency
  • This trend has been particularly emphasized with Blackrock, one of the world's most influential fund managers, applying for what could be the US's first Bitcoin spot ETF

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...

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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...

Welcoming 2024: A year of hope, healing, and unity

"Hopefully, 2024 will be a year in which we overcome the troubled period that started with the coup attempt, grew...

Bahrain emerges as a thriving hub for tech startups

Entrepreneurs equipped with the right skills, a robust business strategy, and the ability to forge meaningful collaborations are well-positioned to...

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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.