INSEAD Day 4 - 728x90

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

  • Buy Now, Pay Later services provide customers the functionality of credit cards-- easy payments with no cash. But BNPL usually...

    BNPL providers pay retailers upfront and lend money to customers while taking on all of the program's administrative costs and credit risk. 

    The appeal of BNPL also lies in the fact that vast amounts of consumer data can be used by retailers to enhance customer loyalty by offering more targeted products.

  • Dubai, Abu Dhabi -- ENOC Group announced Wednesday that its Service Station of the Future is now open to the...

    Expo City Dubai is now ready to host 145,000 residents and workers, becoming the UAE’s first 15-minute city.

    This includes amenities in close proximity to the 85 start-ups and small businesses that occupies the commercial space.

  • The fund's comments, in its latest Fiscal Monitor report, come as food prices have surged by half since 2019 while...

    Countries all around the world are facing more pressing and more painful trade offs," said Vitor Gaspar, director of IMF's fiscal affairs.

    Countries may need to raise added revenues and contain the growth of other expenditures as they prioritize policies, the fund said.

  • The 13-nation OPEC cartel and its 10 allies headed by Moscow angered the White House last week with its decision...

    Saudi Arabia has defended the planned production cuts, saying the priority of OPEC+ was "to maintain a sustainable oil market"

    Partnership between US and Saudi Arabia was sealed after World War II, providing the kingdom with military protection in exchange for American access to oil

  • The Druzhba (Friendship) pipeline network was started in the 1960s and now covers 5,500 kilometres, pumping oil from the Urals...

    The leak was detected late on Tuesday near the village of Zurawice about 180 kilometres (112 miles) to the west of Warsaw in central Poland

    PERN spokeswoman Katarzyna Krasinska was quoted by PAP news agency as saying that the pipeline was mainly supplying two refineries in Schwedt and Spergau in Germany

  • The MoU aims to enhance the cooperation between the two parties to spread awareness and introduce the initiatives and programmes...

    The MoU aims to enhance the cooperation between the two parties to spread awareness and introduce the initiatives and programmes offered by NAFIS

    The NAFIS programme is working to achieve Emiratisation rates in the private sector with set deadlines through partnerships with private and government organisations

  • Most of the respondents in the poll feel that GCC will weather the gathering economic storm and come out unscathed,...

    Some 43.3 percent of the respondents said GCC would not be hit by a recession, and 40.2 percent felt that economies cannot escape it

    The IMF research predicts that Kuwait would have the highest GDP growth rate at 8.7 percent in 2022 among GCC countries

  • Nearly 200 migrants attempting to reach Europe across the Mediterranean Sea were intercepted by Tunisian coastguards over the weekend. In...

    More than 22,500 migrants have been intercepted off the Tunisian coast since the start of the year, around half of them from sub-Saharan Africa

    According to EU border agency Frontex, between January and July more than 42,500 migrants used the central Mediterranean route -- the world's most deadly

  • About 42.6 percent of jobs in the region will be automated by 2030, ahead of the global average of 32...

    Management consulting firm McKinsey predicts that 42.6 percent of jobs in the GCC will be automated by 2030, ahead of the global average of 32 percent

    As a backup plan against future pandemics, the GCC's business automation strategies evolved quickly during and after the COVID-19 pandemic

  • Here are the details of how GCC countries gained in past four years in terms of foreign assets held by...

    Here are the details of how GCC countries gained in past four years in terms of foreign assets held by each of the central banks of the region post-pandemic

    Saudi Arabia’s foreign reserve assets recorded a jump of SR40.8 billion (US$10.88 billion) during the month of September 2022, reaching SR1756.2 billion