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.
  • Saudi Arabia and Uzbekistan have signed an agreement to develop cooperation and exchange information and experiences in all fields of...

    They will develop cooperation and exchange information and experiences in all fields of energy though research and studies besides exchanging policies and laws related to these.

    The agreement was signed by the acting Minister of Energy Dr. Essam bin Saad bin Saeed and the First Deputy Minister of Energy of Uzbekistan Azim Ahmed Khojayev.

  • A two-month rally from June lows appears to have run out of steam this week, with downward pressure coming after...

    Hong Kong, Taipei, Manila, Sydney and Jakarta inched higher, while Shanghai, Singapore, Seoul, Wellington, Mumbai and Bangkok all fell.

    Wall Street's three main indexes edged up after Wednesday's losses. In Europe, London inched up, while Paris and Frankfurt edged down.

  • The recent drop in oil prices reflects global concern over an economic slowdown and “masks physical market fundamentals," says OPEC...

    The recent drop in oil prices reflects global concern over an economic slowdown and “masks physical market fundamentals,” says OPEC secretary general

    He predicted a slowdown in demand growth in 2023 but said it should not be worse than what has already been experienced in the last two years

  • The companies are also developing projects in Morocco, the UAE and Bahrain, along with Egypt and Jordan.

    The companies are also developing projects in Morocco, the UAE and Bahrain, along with Egypt and Jordan

    The plans follow two years after Israel normalized relations with the UAE, Bahrain and Morocco. Israel also signed a Free Trade Agreement with the UAE

  • Getting the football hordes around the city and between the eight stadiums promises to be one of the biggest challenges....

    With more than one million people expected to descend on the tiny Gulf state for the tournament, the government is taking no chances with their multi-billion dollar preparations

    Amid sweltering summer heat, hundreds of air conditioned but mainly empty buses went out to stadiums, metro stations and pickup points

  • It must be based on scientific, economic, and engineering facts, appreciate the multiple dilemmas and challenging trade-offs, and accelerate the...

    Record growth in renewables, representing over 80 percent of all new power-generating capacity last year, is the clearest sign yet that the energy transition is gathering pace

    Policies aimed at divesting from hydrocarbons too soon, without adequate viable alternatives, are self-defeating. They will undermine energy security, erode economic stability

  • Germany is heavily dependent on Russian gas and has seen deliveries drop sharply amid tensions over the Ukraine war.

    Warning of looming shortages, Economy Minister Habeck outlined a series of targets last month for gas stocks to reach 95% by November 1.

    "I am not counting on our achieving our next reserve goals as quickly as the first," said Klaus Mueller, president of the Federal Network Agency.

  • Oil-exporting countries in the Arab World will benefit throughout 2022 from the increased oil production quantities within the "OPEC+" agreement...

    Arab countries are expected to face relatively high inflation rates in 2022 due to a rise in food and energy prices and escalating inflationary pressures.

    The oil-importing Arab countries are expected to achieve a moderate 4.1 percent growth rate in 2022, compared to 2.7 percent in 2021.

  • CEO of the Ras Al Khaimah Tourism Development Authority (RAKTDA) Raki Phillips said that the emirate’s tourism sector aims to...

    Ras Al Khaimah plans to increase the number of hotel rooms in the emirate over the next five years to 12,747 rooms

    The rooms would be provided by over 50 hotels and resorts that offer the highest levels of service to visitors

  • The new incentives include classifying up to five enterprises under Tier 1 category per owner, instead of two enterprises, and...

    The enterprises that will benefit from the new incentives have to be members of accredited funds and programs that support SMEs in the UAE.

    Empowering SMEs is a strategic priority within the nation’s continuous efforts to develop the business sector in the UAE, said Khalil Al Khoori, an HR official.