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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.

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading...

Russia-Ukraine: A tragic comedy of errors

As the Russia-Ukraine conflict grinds on, the West's financial commitment grows, while neither Zelenskyy nor Putin shows interest in peace...

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

Gulf states’ sovereign funds drive climate innovation

"The SWF investment in climate tech will help sustain the shift away from the Gulf States' traditional source of income...
  • Gulf States, with their vast land reserves, can provide the necessary space for setting up factories and infrastructure to facilitate climate tech companies
  • Sovereign Funds have potential to play a leading role in supporting the transition to a cleaner economy and ensuring a sustainable future for the region

Word power: Gender-neutral language need of the hour

"Despite all of the lovely words spoken by every company and organization during events such as International Women’s Day to...
  • Many airlines and airports continue to use gender-specific language despite efforts towards gender equality in the Gulf region
  • Gender-specific language is a reminder of historical bias that hinders efforts towards gender equality and this needs to change

US Federal Reserve’s rate hike risky and ill-timed

"It appears that the central bank is willing to sacrifice parts of the economy and tighten its grip on households...
  • The US Fed's failure to act earlier on inflation was a significant miscalculation, and now they have made another mistake with the latest rate hike, says deVere Group CEO
  • It could potentially trigger not only a short-term but also a longer-term recession in the world's largest economy, with detrimental effects on the global economy, he adds

The devastating impact of online identity theft

While companies with robust defense measures witness decreased attack volumes as criminals target easier targets, account takeovers have a profound...
  • Most online consumers reuse usernames and passwords, making them vulnerable to organized crime rings as the attack surface for account takeovers continues to expand
  • While companies with robust defense measures witness decreased attack volumes as criminals target easier targets, account takeovers erode trust and cause emotional trauma

Malaria-free Asia Pacific region within our reach

Collaborative efforts involving public health professionals, Ministries of Health, and global institutions have been instrumental in the fight against malaria....
  • Malaria remains a life-threatening disease transmitted by infected mosquitoes, causing millions of cases and deaths globally, says Altaf Ahmed Lal of Sun Pharma
  • Collaborative efforts involving public health professionals, Ministries of Health, and global institutions have been instrumental in the fight against malaria, he adds

Marketwatch: Recession fear hurts commodity market

"As the gold correction unfolded last week, platinum remained supported due to supply concerns from South Africa facing frequent power...
  • Crude prices are heading for their biggest weekly loss since last month's banking turmoil-led sell-off, wiping out most of the gains that followed the OPEC+ cut announcement
  • Mining companies' quarterly results highlight that global tightness in the copper market will continue, but the short-term outlook points to continued rangebound trading

Marketwatch: Commodities navigate turbulent waters

Grains sector was on track for its first monthly gain this year, bolstered by a resurgence in corn prices due...
  • The energy sector experienced significant weakness, with a nearly 9 percent decline exacerbated by a 26 percent drop in US natural gas futures
  • Grains sector was on track for its first monthly gain this year, bolstered by a resurgence in corn prices due to increased export demand

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading...

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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.