INSEAD Day 4 - 728x90

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

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
  • Persistently high food inflation will continue to erode households spending power, reducing discretionary spending, and contributing to the stagnation of...

    Surging food prices are a significant contributor to high headline inflation in many countries, including most major advanced economies

    Persistently high food inflation will continue to erode households spending power, reducing discretionary spending, and hurt global GDP

  • The Saudi and UAE stock markets ended the week lower as concerns about slowing global economic growth impacted investor sentiment....

    Saudi and UAE stock markets ended the week lower, following Asian markets

    Concerns about slowing global economic growth impacted investor sentiment

  • The International Monetary Fund is sending a team to Tunisia next week to begin formal talks on a new financial...

    Tunisia is seeking a two-billion-euro loan, according to a source with knowledge of the preliminary talks.

    IMF said 'ready to begin the formal negotiations' but the Tunisian leaders need to implement "ambitious reforms" to deal with the crisis

  • Turkey on Friday substantially raised the minimum wage for the second time in a year to cushion the blow from...

    Turkish currency has lost half its value against the dollar in the past 12 months, which has fueled price rises on imported goods

    Economists warn that substantially raising the pay of a large swathe of the population in Turkey is an inflationary measure

  • The CEPA with Indonesia is the third of its kind to be signed by the UAE since the year started,...

    The CEPA with Indonesia is the third of its kind to be signed by the UAE since the year started, following the ones signed with India and Israel in February and May, respectively

    The agreement aims to enhance the bilateral trade between the two countries and raise its total value from around US$3 billion in 2021 to US$10 billion annually within five years

  • Talks between the United States and the Taliban continued in Doha earlier this week to discuss earthquake aid, the State...

    The Taliban is seeking a way to unlock some of the country's foreign reserves -- currently frozen by the United States

    During the meetings Wednesday and Thursday, the United States reiterated an earlier pledge of $55 million in new assistance for earthquake relief

  • The number of breadwinning widows in the kingdom is around 30,000, according to the official data.

    The number of breadwinning widows in the kingdom is around 30,000, according to the official data

    The Department of Statistics estimates that around 8 percent of widows were jobless in 2021

  • Ukraine on Friday asked Turkey to detain a Russian-flagged cargo ship that Kyiv alleged had set off from a Kremlin-occupied...

    Kyiv's ambassador to Ankara said the ship had set sail from Ukraine's Kremlin-occupied port of Berdyansk

    The Marinetraffic.com website said the 140-metre general cargo vessel was sailing under the Russian flag

  • The value of home loans granted by the GCC govts to their residents range between $150,000 and $330,000 and are...

    Many GCC countries provide interest-free home loans to their residents to strengthen their family conditions and provide adequate living space

    Loans granted by GCC govts to residents range between $150,000 and $330,000 and are repaid through simplified methods and in short payments.

  • The Comprehensive Economic Partnership Agreement (CEPA) signed between Indonesia and the UAE on Friday will bring economic prosperity to a...

    The trade pact is expected to boost imports of petrochemicals from the UAE to Indonesia

    Indonesia imports around two million tonne of petrochemicals annually from the global market