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.

  • An American recession "is a risk when the Fed is tightening monetary policy to address inflation," President Joe Biden's leader...

    Faced with soaring inflation it reached its highest level in 40 years in June at 9.1 percent,the central bank is gradually raising its key rates

    The challenge for policymakers is to quell inflation before it becomes dangerously entrenched, but without sending the US economy into a recession

  • UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed with Aleksandar Vucic, President of Serbia, cooperation between their countries and...

    The two leaders discussed a number of regional and global issues and developments of mutual concern.

    The two leaders explored UAE-Serbia cooperation in investment, economic, trade, science, technology, food security, agriculture, among others.

  • Dubai's Roads and Transport Authority (RTA) has published its seventh Sustainability Report 2021. The report showcases RTA's practices in matters...

    The report showcases RTA's practices in matters related to the environment, society and governance.

    RTA had developed a roadmap to achieve zero-emission from public transport means by 2050.

  • The Dubai Investment Development Agency (Dubai FDI) at the Department of Economy and Tourism (DET) gained international recognition for its...

    Dubai FDI Monitor tracks and records five different types of foreign direct investment in real-time.

    The Monitor tracks and records FDI and new forms of investments using advanced methodology and smart features.

  • Firm plans to give cash dividend of US$844m.

    DEWA's first general assembly meeting will be held physically and virtually on October 10, 2022.

    The assembly will vote on the recommendation of Board of Directors concerning a cash dividend distribution for H1 2022.

  • The French are big on yoghurt, behind only the Dutch in consumption per capita. It is not only a breakfast...

    Like many countries, France plans to shut off businesses first if there is not enough gas or electricity, with European nations facing the prospect of energy shortages this winter.

    French Prime Minister Elisabeth Borne warned industry leaders at the end of August that energy rationing was a risk this winter and urged them to quickly cut consumption.

  • Lebanon's economy collapsed in 2019 after decades of corruption and mismanagement, leaving the state unable to provide electricity for more...

    Private individuals are also turning to solar to cut down on generator bills, setting up panels and batteries on balconies and rooftops

    Many Lebanese have resorted to selling a car, jeweler or a plot of land as installing the solar power is expensive in a country where poverty is rampant

  • Developers have spent years working on a more energy-efficient version of the ethereum blockchain, a digital ledger that underpins a...

    Experts say the changeover, expected to take place between Tuesday and Thursday, would slash energy consumption by more than 99 percent

    The ING bank said in a recent note that the switchover might help ethereum gain acceptability among policymakers and regulators

  • The Islamic Development Bank (IsDB) has approved a $1.12 billion financing for development projects in various sectors in nine member...

    In the Republic of Uganda, the financing of US$ 100 million, part of the Islamic tranche, will enable the country to untap its oil reserves and export oil to international markets

    In the Health sector, sovereign financing of $207 million was approved for the Strengthening of the National Referral Hospital on Oncology Center for Indonesia

  • The Gulf countries assist loan defaulters by delaying payments or exempting those who can't pay to save emerging companies and...

    The Gulf countries assist loan defaulters by delaying payments or exempting those who cannot pay to save emerging companies and prevent their accumulation of financial burdens

    Loan exemptions in sectors such as housing, health, marriage and investments are estimated to be in millions of dollars across the region