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.

  • UAE received $20.7 billion in Foreign Direct Investment in 2021, recording a 3.9 percent growth over 2020. The country’s FDI...

    The country’s FDI balance now stands at AED 630 billion ($171.6 billion) by the end of 2021, a 13.7 percent growth over 2020.

    UAE's outward FDI flows reached nearly AED 82.6 billion ($22.5 billion) in 2021, with an annual growth of 19.1 percent.

  • Announced in July 2021, the national program aims to boost efficiency by 40 percent across the three most energy-consuming sectors...

    The database is part of the initiatives of the National Water and Energy Demand Management Program.

    It will help gauge energy and water consumption in government buildings and identify buildings with the highest consumption rates to develop rationalization programs.

  • Abu Dhabi’s non-oil GDP at constant prices grew by 4.1 percent in 2021, according to Statistics Centre-Abu Dhabi. The emirate’s...

    In 2020, a significant decline in oil prices had caused the emirate’s real GDP to fall by 7.7 percent, oil-GDP by 3.9 percent and non-oil GDP by 11.5 percent.

    In 2021, agriculture, forestry, and fishing expanded by 23.1 percent while the manufacturing activity expanded by 21.7 percent,

  • The selection followed the Kingdom's admission to the Academy’s membership as one of the founding members of the international organization.

    The selection followed the Kingdom's admission to the Academy’s membership as one of the founding members of the international organization

    The election represents a recognition of the Kingdom’s local and international efforts in protecting the integrity and fighting corruption

  • Around 40 free zones in the UAE are likely to attract more investors and FDI after they were declared exempt...

    The 9-percent corporate tax will be levied on companies with profits above AED375,000 (approximately $102,090)

    Announced on January 31 by the UAE’s Ministry of Finance, the tax regime will be implemented from June 1, 2023

  • Oil platforms, pipelines, coal power plants and other fossil fuel assets could lose trillions of dollars in the battle against...

    The warning was issued in a 3,000-page report by UN experts who said fossil fuel assets must be retired and replaced with clean energy faster to mitigate financial losses.

    Such assets will become "stranded" and worth less than expected because they may never be used since fossil fuel demand must fall in the near future to limit emissions.

  • The Saudi Finance Ministry has forecast the kingdom's real gross domestic product to grow by 7.4 percent.

    The expected growth is driven by a rise in the oil GDP associated with the Organization of the Petroleum Exporting Countries agreement and the expected improvement in non-oil GDP

    As the economy continues to recover from pandemic repercussions, the government will continue to enhance the role of the private sector to be the main motivator of economic growth

  • Qatar Development Bank (QDB) announced the launch of a version of the "Al Dhameen" program for micro-enterprises, for the first...

    Al Dhameen program for micro-enterprises is characterized by a profit rate and distinct conditions.

    He noted the program will contribute to the development of the national business system in terms of access to financing.

  • The EU is considering to hit Russia with sanctions on oil or coal over the war in Ukraine, a top...

    The Europeans are under pressure to hit Moscow in the crucial energy sector and stop paying out the huge proceeds from gas, oil and coal

    Since Russia's military buildup against Ukraine began, sanctions against Moscow have been coordinated with the US and its Western allies

  • Lebanon’s Deputy Prime Minister Saadeh al-Shami claimed on Monday that the country and its central bank had gone bankrupt. The...

    Lebanon is in the third year of a financial implosion, which is widely blamed by experts on decades of corruption and bad policies

    These have led the currency to crash in value by more than 90 percent since end-2019, and banks to lock most savers out of hard currency