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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.

What can employers do to combat STEM talent shortages?

Employers must prioritize retention by understanding employee preferences for benefits, hybrid working, and workplace culture, as effective retention strategies enhance...

UAE’s economic diversification strategy goes hand in hand with growth and expansion of its foreign trade

The UAE's keenness to open up to the world and work to stamp out obstacles to trade and investment flows...
  • The UAE continues to leverage its global presence by opening up to the world by expanding its network of trading partners through comprehensive economic partnership agreements
  • Selecting the UAE to host the World Trade Organization's 13th Ministerial Conference reflects the country's prestigious global position on the map of international trade today

Market downturn impacts growth equity valuation

For strong growth companies, the choice has narrowed down to growth funding vs private equity and both have different criteria....
  • Today more than any time in the past 3 years, investors need to understand and see a credible exit path for their investment
  • Companies therefore must align the company’s strategy with the proposed exit path for the business

Gold jumps out of the gate to kick off 2023

Traders' conviction at the beginning of a new trading year always tends to be low for fear of catching the...
  • Gold, together with silver and platinum, is among a few commodities trading up as the new year gets under way, writes Ole S Hansen, the Head of Commodity Strategy at Saxo Bank
  • Gold’s newfound resilience and momentum from December has been carried over to January as investors seek shelter from what has been forecast to be another overall challenging year

What 2023 has in store for the GCC auto industry?

A number of other things will also influence the auto industry this year. The most obvious being the expectation of...
  • In 2022, customers across the GCC faced issues in availability of vehicles, restrictions on configurations and delays in those vehicles once orders were placed
  • The semi-conductor crisis is far from completely resolved and will impact the auto industry in the GCC and the rest of the world in 2023

Industrial manufacturers need to be proactive amidst rising rates, skilled labor crunch and fewer subsidies

Organizations that decide not to or are unable to act will continue to find themselves patching together reactive solutions to...
  • While the global slowdown may reduce some of the tension on the labor markets, having access to the right skills in the right place will be an ongoing challenge
  • The year 2023 is expected to see increasing attempts at cyberattacks, both to gain access to critical data and to enact ransomware

IT sector needs to prioritize few key areas in 2023

Telco companies have already been building clouds for years, but as the drive towards distributed applications, choice and a highly...
  • Technology, by and large, continues to present huge promise at a time when certainty and reliability is otherwise in short supply, says Joe Baguley of VMware
  • Finite financial resources with rising costs and an increasing drive for more effective governance fail to slash the list of IT leaders’ priorities, he adds

Networking set for major transformations next year

With an intensified focus on end user quality of experience while increasing protection from cyberattacks, IT will look to a...
  • The network now plays an even stronger role, powering the transformation journey that’s needed to thrive during uncertainty and preparing organizations for what comes next in 2023
  • Adopting a NaaS strategy will help organizations meet sustainability objectives since leading NaaS suppliers have adopted carbon-neutral and recycling manufacturing strategies

Improved management may reduce insurers’ costs

Insurance claims are the ‘moment of truth’ for the customer and the biggest cost in the potential profit and loss,...
  • Claims management is growing increasingly complex, making it hard to identify the opportunities and define the solutions that are vital to future success
  • Closed claims assessment can be an intense and time-consuming activity, but the savings potential outweighs the effort involved, says an Arthur D. Little report

EVs help GCC countries achieve net zero goals

Through strategic investments in our vehicles, services, businesses and technologies, we are leading the way toward a cleaner, smarter and...
  • We remain optimistic for a bright future of mobility as regional governments bring to life various net zero visions, writes Gary West of General Motors
  • Through strategic investments in our vehicles, services, businesses and technologies, we are leading the way toward a cleaner, smarter and safer society, he adds

Stories from MENA that defined democracy in 2022

The MENA region remains largely uneven, and the democracy and human rights situation looks bleak with little prospect of improvement...
  • During 2022, autocrats in the region have taken advantage of opportunities to extend their powers, says International IDEA’s Global State of Democracy 2022 Report
  • Overall, the MENA region remains largely uneven, and the democracy and human rights situation looks bleak with little prospect of improvement in 2023, the report adds

What can employers do to combat STEM talent shortages?

Employers must prioritize retention by understanding employee preferences for benefits, hybrid working, and workplace culture, as effective retention strategies enhance...

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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...

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...

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...

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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.