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.
  • Norway, which has replaced Russia as Europe's leading supplier of natural gas, dashed the hopes of EU member states who...

    European energy ministers who met in Brussels said they were in favor of measures for combating soaring gas and electricity prices.

    European Commission has proposed a price ceiling on gas imported from Russia, several members called for a price ceiling on all gas bought by EU states.

  • Abu Dhabi, UAE-- The registration of 136 new industrial licenses in the first half of 2022 points to a strong growth...

    The number of  licenses transitioning to the construction phase reached 62, with the number of licenses having moved from under-construction to in-production reaching 44 factories.

    The total value of Capital Expenditures (CAPEX) of industrial establishments that switched to in-production stage rose to AED 3.1 billion compared to AED 1.03 billion in H1 2021.

  • An International Atomic Energy Agency team of experts said the UAE's Barakah Nuclear Power Plant (NPP) had strengthened operational safety...

    The Operational Safety Review Team had concluded a five-day follow up mission to the Barakah NPP.

    OSART missions aim to improve operational safety by independently assessing safety performance against the IAEA’s safety standards.

  • The UAE Cabinet, headed by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved...

    The new document outlines the country’s increased climate target of reducing greenhouse gas emissions by 31 percent.

    The reduction target translates into an absolute emission avoidance of 93.2 million metric tonnes of CO2e.

  • Qatar’s private sector exports during the second quarter of 2022 amounted to QAR 8.92 billion ($2.44 billion), a 21 percent...

    On a quarterly basis, it also surged 15.4 percent compared to QR 7.73 billion in Q1-2022.

    The report attributed the surge to the private sector’s ability to adapt to normal and abnormal economic conditions and to achieve rising growth rates.

  • The UN urged EU countries on Monday to continue battling climate change and not resort to more fossil fuels in...

    Moscow's invasion of Ukraine has seen the price of natural gas hit record levels, throwing the European Union economy into deep uncertainty.

    Before the war, 40 percent of the EU's gas imports came from Russia.

  • Abu Dhabi, UAE--Costa Rica's foreign minister Arnoldo Andre has said that the trade between his country and the UAE has...

    For the year 2021, the total trade between both countries reached $49.1 million.

    37 Emirati companies have attended a Costa Rican trade fair to learn about the country's productive capacities and its export potential.

  • The Central Bank of Egypt in cooperation with the Egyptian Ministry of Finance, will allow banks across Egypt to access...

    The Central Bank of Egypt in cooperation with the Egyptian Ministry of Finance, will allow banks across Egypt to access the Russian Mir payment card system later in September

    After the Crimean Peninsula was occupied in 2014, Russia developed the Mir system in order to evade sanctions imposed on its ability to transfer funds abroad

  • Time off work for millions of Britons next Monday means the economy will have had two more public holidays than...

    Time off work for millions of Britons next Monday means the economy will have had two more public holidays than usual in 2022

    The Bank of England (BoE) expects the UK economy to enter recession before the end of the year on decades-high inflation

  • The United Nations had set a goal to eradicate all forms of modern slavery by 2030, but instead the number...

    Nearly one out of every 150 people in the world are caught up in modern forms of slavery, the report said

    The Covid-19 pandemic, which worsened conditions and swelled debt levels for many workers, has heightened the risk