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 humanoid robot Sophia, the world's first robot citizen, will arrive in Dubai on Tuesday, March 8, to participate in...

    Sophia will attend largest smart conference for internal auditors, the 20th Annual Regional Audit Conference from March 7- 9.

    Sophia became the world's first robot citizen after Saudi Arabia granted her citizenship in October 2017.

  • A 10 megawatt solar photovoltaic plant named Tozeur 2 has started operations in Tozeur, a governorate in southwest Tunisia. The...

    The plant, built at a cost of 25 million dinars ($8.4m) will consolidate the production of the first plant Tozeur 1, to reach a total capacity of 20 megawatts.

    The two plants will supply one third of the governorate's electricity needs, equivalent to the consumption of about 18,000 families.

  • TechWorks is a Jordanian platform aimed at bringing together youth, ideas and resources to jump-start innovations.

    Set up in 2018, TechWorks says its mission is ‘to plug into entrepreneurial and innovation ecosystems’ and turn ideas into reality

    Affiliated with a foundation set up by Crown Prince Hussein, it is equipped with technology such as 3D printers

  • Since Russia's invasion 10 days ago, the economic and humanitarian toll of the war has spiraled, sending more than one...

    Russia has threatened a wider war if a no-fly zone is set up by any Western power

    Ukraine has received weapons, ammunition and funds from its Western allies

  • In the United State, it took more than a century to pass regulations governing record-keeping for wells and their sealing,...

    The US is pockmarked with millions of abandoned oil wells that are unsealed but haven't produced anything in decades

    The US Environmental Protection Agency estimates that there are around 3.5 million orphaned wells that can leak oil and brine

  • The initiative, called Beyond Food, was launched in collaboration with the Nama Women Advancement Establishment.

    The UAE and IRENA will have tied up to promote the deployment of clean cooking solutions across the world

    The partnership aims to expand and bring in more key actors working on this issue in the coming days

  • The decision includes suspending ‘social distancing measures in all open and closed places’ including mosques.

    The Covid-19 pandemic hugely disrupted Muslim pilgrimages, which are usually key revenue earners for the kingdom, bringing in some $12 billion annually

    In 2021, the pandemic forced Saudi Arabia to downsize the hajj for a second year, and just 60,000 fully vaccinated citizens and residents taking part

  • Haoula considers it extremely important to sustain family businesses as a recognition for their efforts historically, and for the advantages...

    Corporate tax in the UAE is expected to be among the most competitive in the world, due to the 9% introductory rate and no tax for profits up to $102k

    Personal income that does not come from a licensed business or commercial activity in the UAE will not be subject to corporate tax

  • The Russia-Ukraine conflict and subsequent sanctions have increased risks to the global economic outlook, with effects that will depend on the...

    Europe's recovery would be at risk if the military conflict escalates, according to VP-Senior Credit Officer at Moody's, Kelvin Dalrymple

    Rising prices for commodities from the region, such as oil, grains and metals, are increasing inflationary pressures, Moody's said

  • The Food Price Index, which tracks the international prices of a items such as vegetable oils and dairy products went up nearly...

    The Food Price Index, which tracks the international prices of a items such as vegetable oils and dairy products went up nearly four percent up from January

    As the Food Price Index measures average prices over the month, the February reading only partly incorporates market effects stemming from the conflict in Ukraine