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.

  • Prices of crude oil have skyrocketed across the world, thanks to the Russian invasion of Ukraine and the subsequent sanctions...

    Russia is a major supplier of oil to European countries and the United States, besides other countries

    However, they are not accepting crude from Russia anymore, pushing up prices of oil from elsewhere

  • Russia's invasion created a crisis of 'immense proportions' and a 'severe blow' to the global economy. Russia's war in Ukraine...

    Shares of Russia and Ukraine in overall world trade and output are relatively small but they are important suppliers of essential products, notably food, and energy

    Europe is the main destination for both Russian and Ukrainian exports and therefore is likely to experience the heaviest economic impact

  • The invasion of Ukraine was a major wake-up call globally for both governments and private firms. Small-to-medium businesses need to...

    The number of cyberattacks against small-to-medium businesses has increased by 150 percent over the past two years, and the companies’ defenses have not grown accordingly

    Shortage of workforce, which needs to grow by 65 percent for organisations to be able to sufficiently defend their critical assets, is adding to the cybersecurity woes

  • The United Arab Emirates (UAE) has given go-ahead to the formation of a digital economy council in a cabinet meeting....

    The strategy aims to double the contribution of the digital economy to the UAE's GDP from 9.7 per cent to 19.4 per cent within the next 10 years

    The maturity of GCC digital economies could match that of Organization of Economic Co-operation and Development (OECD) countries within five years if they continue at the same pace

  • Saudi Arabia’s Eastern Province has launched 11 investment projects in Dammam metropolis. The Undersecretary for Investments and Revenue Development, Eng....

    The launch of these investment sites is part of the objective of 40 investment projects with an area of ​​3 million square meters.

    The duration of investment projects is 25 years, subject to extension, according to Undersecretary for Investments and Revenue Development, Eng. Hamdan Al-Aradi.

  • The conflict also has caused prices of grains and energy to soar.

    The World Bank's recent report has revealed that Russia will see an 11.2 percent decline in GDP as its economic consequences invading Ukraine

    World Bank has predicted that Ukraine's economy can collapse by 45.1 percent in 2022

  • The 2022 World Cup, organized by the international football association (FIFA), is the first such event in the Middle East.

    The 2022 World Cup, organized by the international football association (FIFA), is the first such event in the Middle East

    The General Assembly adopted its resolution under the title "The 2022 World Cup organized by FIFA in Qatar."

  • "According to official records in the prosecution, (Ayman) died on March 5," his brother Omar Hadhoud, a lawyer, told AFP.

    "According to official records in the prosecution, (Ayman) died on March 5," his brother Omar Hadhoud, a lawyer, told AFP

    The interior ministry meanwhile said on Sunday that Hadhoud was placed in a psychiatric facility on February 6

  • Dubai has issued 24,662 new business licenses in Q1 2022, a report by the Department of Economy and Tourism (DET)...

    A DET Business Registration and Licensing report said 57 percent of the new business licenses issued during Q1 2022 were professional and 43 percent commercial.

    A total of 136,034 business registration and licensing transactions were completed during Q1 2022, a growth of 36 percent compared to Q1 2021.

  • Egypt’s annual inflation rate hit 12.1 percent in March, official figures showed Sunday, as foreign reserves declined by $4 billion...

    The latest figure marks an increase of more than two percent compared to the 10 percent inflation rate recorded in February -- already at a near three-year high.

    The Arab world’s most populous country has been struck by mounting economic pressures since Russia’s invasion of Ukraine in late February caused global commodity price to shoot up.