INSEAD Day 4 - 728x90

Sanad posts record revenue

Growth driven by global demand for services.

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.

  • European markets were down in afternoon trades, with London's FTSE 100 shedding 0.5 percent after the Bank of England raised...

    The world's major central banks are rushing to ramp up rates to dampen red-hot global consumer prices, but traders fear rising borrowing costs will herald recession.

    In Asia, Indonesia and the Philippines also tightened monetary policy but the Bank of Japan bucked the global trend as it left its status quo in place.

  • The UAE Ministry of Industry and Advanced Technology (MoIAT) signed a Memorandum of Understanding (MoU) with the Jordan Standards and...

    The agreement aims to facilitate industrial, trade and economic growth in both the UAE and Jordan.

    The pact encourages cooperation in conformity assessment procedures for non-food and non-pharmaceutical industrial products.

  • Saudi Arabia's Minister of Education Dr. Hamad bin Mohammed Al AlSheikh has met with the leaders of edX platform at...

    The minister met the platform's founder to discuss ways to promote cooperation in the online education and e-training industry,

    The two discussed ways to develop a partnership between the National Center for E-Learning FutureX and the edX platform.

  • UN Secretary-General Antonio Guterres called on governments to tackle "four burning issues" between now and COP27: greater ambition to keep...

    The UN chief spoke about the flood in Pakistan and reminded world leaders of the Paris accord goal of limiting long-term warming to 1.5C above pre-industrial levels

    Developing nations argue that historic polluters have a moral imperative to pay for the loss and damage, but the idea was shot down by rich nations at COP26

  • Hundreds of billions of euros and counting have been shelled out so far since Russia invaded its pro-Western neighbor in...

    The public spending has continued even though European Union countries already accumulated mountains of new debt

    But some leaders have taken pride at their use of the public purse to battle this new crisis, which has sent inflation soaring

  • The PUBG Mobile tournament was part of Gamers8, a summer festival spotlighting Saudi Arabia's emergence as a global eSports dynamo...

    Saudi Arabia's interest in gaming and eSports comes from the very top, with Crown Prince Mohammed bin Salman said to be an avid "Call of Duty" player

    Saudi gamers are revelling in their country's newfound status and the eye-watering prize pools it brings

  • Taking a cue from Federal Reserve, GCC central banks have raised interest rates, tracking a hike in the US Fed's...

    The UAE central bank raised the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points – from 2.4% to 3.15%

    The US central bank announced its third consecutive interest rate increase of 0.75 percentage point, continuing the forceful action to tamp down inflation

  • The various energy career opportunities were revealed during ENOC’s participation at the 21st edition of Careers UAE.

    The various energy career opportunities were revealed during ENOC’s participation at the 21st edition of Careers UAE

    ENOC is recruiting young talented Emirati nationals in the energy sector in specialisations including chemical, mechanical, and electrical engineering

  • Lebanon and the IMF reached a conditional agreement on the loan in April to help the country stem its economic...

    The IMF conditioned the funds on a series of measures, notably parliament approving a 2022 budget and a reformed bank secrecy law as well as restructuring the banking sector.

    Lebanese have grown increasingly desperate after nearly three years of economic meltdown, with at least seven people storming their own banks last week to withdraw frozen savings.

  • Equities around the world have been clattered by fears of a recession in major economies as central banks ramp up...

    In Washington, the Fed is due to conclude its latest policy meeting, with most analysts predicting it will announce another 75 basis-point lift.

    Fed officials have for months stuck to the mantra that they will only ease up on their hawkish drive when inflation comes down and remains subdued.