INSEAD Day 4 - 728x90

EasyLease H1 profit $12.2m

Revenue rises on stronger operations.

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.

  • The use of CX capabilities, digital media, predictive analytics can help banks develop personalized Shariah-compliant services, says Dubai Islamic Bank...

    The use of CX capabilities, digital media, and predictive insights and analytics can help banks develop personalized Shariah-compliant services, says Group CEO Dubai Islamic Bank

    Islamic banks partnering across the digital economy through open banking can widen choice by creating new and incredibly exciting financial and non-financial services, he adds

  • The Iran-backed Shiite Hezbollah group and its allies fell just short of the 65 seats needed to control the 128-seat...

    The Iran-backed Shiite Hezbollah group and its allies fell just short of the 65 seats needed to control the 128-seat parliament

    Lebanon shares power among its 18 recognised religious communities, and politics are often treated as a family business

  • Algerian President Abdelmadjid Tebboune on Monday sacked central bank chief Rostom Fadli, in office for less than two years, the...

    Fadli had taken office in June 2020 as interim head of the central bank of Africa's fourth-biggest economy, later being confirmed in the role

    Algeria is a rentier economy dependent on oil exports for 90 percent of its foreign income, and therefore vulnerable to price movements

  • Although the number of female STEM graduates is high in GCC, this couldn't translate into proportionate increase in workforce, says...

    GCC is witnessing a rise in recruitment of women and more knowledge sharing between companies to ensure women are supported throughout their careers, Harb said.

    Digitalization would help organizations that invest in digital tools to hire and retain diverse talent and besides supporting women's active participation in the workplace.

  • More countries are experimenting with CBDCs and some are beginning to bring them to market, potentially offering lessons for the...

    More countries are experimenting with CBDCs and some are beginning to bring them to market, potentially offering lessons for the rest of the world

    Some of the questions that were debated included the macroeconomic and geopolitical implications surrounding the roll-out of CBDCs

  • Hammered by a foreign exchange crisis, the country's 22 million people have been enduring acute shortages of essentials.

    National Consumer Price Index rose 33.8 percent year-on-year in April, more than six times the 5.5 percent inflation in 2021.

    Inflation is likely to rise further in May as fuel price hikes of 35 percent for petrol and 65 percent for diesel.

  • The new member companies joining Dubai Chamber of Commerce in April 2022 reached 3,056, bringing the Chamber's total membership to...

    The new member companies joining Dubai Chamber of Commerce in April 2022 reached 3,056, bringing the Chamber's total membership to 300,000 companies

    The value of members' exports and re-exports in April 2022 amounted to AED20.2 billion, growing by 16.7 percent from the AED17.3 billion posted in April 2021

  • A delegation of 50 Iranian businessmen travelled to Oman last week, with Iran's minister for roads and urban development announcing...

    Both the countries signed 12 memoranda of understanding including in the fields of oil and gas.

    Oman is seeking to import gas from Iran by building an offshore pipeline between the two countries.

  • Saudi Arabia's main airline will next month start operating weekly international flights from the kingdom's planned futuristic megacity known as...

    The $500 billion Red Sea project is part of de facto ruler Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify Saudi Arabia's oil-dependent economy

    It has been billed as a futuristic cityscape evocative of a sci-fi blockbuster with everything from flying taxis to robot maids

  • Global environmental, social, and governance assets are expected to hit $41 trillion by the end of this year, and $50...

    PIF is developing its ESG strategy due to its broader long term strategy aimed at achieving net zero emissions in the country by 2060.

    The PIF governor also revealed that Saudi Arabia has launched seven solar and wind projects that could power 600,000 households.