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.
  • India has signed a Memorandum of Understanding (MoU) with the Gulf Cooperation Council (GCC) Secretariat on the "mechanism of consultations"...

    The MoU was signed between India’s Minister for External Affairs Dr. S Jaishankar, and the GCC Secretary-General Dr. Nayef Falah Mubarak Al-Hajraf.

    India’s Ministry of External Affairs said, "both sides reviewed bilateral relations and discussed ways to enhance them"

  • Dubai, UAE---A total of 2,317 real estate transactions worth AED8.9 billion ($2.49 billion) were conducted during the week ending 16...

    A total of 227 plots were sold for AED4.35 billion, and 1,560 apartments and villas were purchased for AED3.44 billion.

    The top three transactions were plots of land in Madinat Al Mataar that sold for AED988 million, AED259.24 million in Al Yufrah 1 and AED988 million in Madinat.

  • Stock markets mostly slumped Friday, while the British pound tanked to a 37-year dollar low as weak UK retail sales...

    Sales by volume dived 1.6 percent in UK last month, more than triple expectations.

    Sterling has hit a series of 1985 lows in recent weeks, also as the US Federal Reserve implements aggressive hikes interest rate hikes.

  • UAE Ministry of Finance (MoF) participated in G20 Finance Track’s fourth and last Infrastructure Working Group (IWG) meeting for 2022...

    The members of the Infrastructure Working Group deliberated the progress made on scaling up sustainable infrastructure investments.

    The IWG also discussed means of promoting private sector investment in sustainable infrastructure.

  • Berlin took control of the German operations of Russian oil firm Rosneft to secure energy supplies which have been disrupted...

    The seizures come as Germany is scrambling to wean itself off its dependence on Russian fossil fuels.

    Move covers the companies Rosneft Deutschland GmbH and RN Refining & Marketing GmbH and their corresponding stakes in three refineries: PCK Schwedt, MiRo and Bayernoil.

  • When a branch of the Byblos bank opened in the southern town of Ghaziyeh, a depositor, reported to be in...

    A man in 50 stormed a branch of Byblos bank in the southern town of Ghaziyeh and threatened bank employs with a gun and demanded his savings

    The man walked away with around $19,000 and turned himself in to the police moments later as a crowd formed in front of the bank to support him

  • Dubai, UAE---Dubai Electricity and Water Authority (DEWA) recorded a growth in the number of smart water meters by 73.6 percent...

    DEWA has more than two million smart electricity and water metres in Dubai.

    Automating metre readings helps customers receive instant information on their consumption patterns and effectively manage, monitor and control their consumption.

  • With little investment the UAE, and in particular Dubai, stands to gain if, as expected, supporters opt to stay in...

    Budget airline flydubai will run at least 30 return flights a day to Doha, just an hour away

    Dubai Sports Council has estimated about a million World Cup fans could arrive in the city

  • The agreement to go ahead with the Nigeria-Morocco Gas Pipeline project was inked in Rabat by the two countries and...

    Once completed, it would be connected to the Maghreb–Europe Gas Pipeline in order to reach the European gas network

    The project was agreed upon at a time of strong international demand for oil and gas and a surge in prices following Russia's invasion of Ukraine

  • The deal involves a five percent annual hike to public sector wages every year until 2025. The head of the...

    Tunisia has been hit hard by the coronavirus pandemic and global diplomatic fallout from the war in Ukraine

    The government is locked in negotiations with the International Monetary Fund over a $2 billion bailout