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 Saudi Ports Authority (MAWANI) signed an agreement with shipping giant Bahri to build and operate an integrated logistics park...

    Once built, Bahri will manage operations at the state-of-the-art facility for a duration of 20 years.

    The 95436m2 logistics zone will provide storage and handling services for all types of inbound and outbound shipping containers.

  • Dubai International Financial Centre (DIFC) has reported its best annual performance to date, recording its highest ever annual revenue and...

    The Centre said it achieved its 2024 Strategy growth targets three years ahead of schedule during the first half of 2021.

    Revenue increased by 16 per cent to AED897 million year-on-year versus AED774 million in 2020, and up by 7 per cent from AED838 million in 2019 (pre-pandemic levels).

  • Nearly two years of disruption to the fabric of society due to global pandemic has resulted in a collective shift...

    The rising individualism underlined by a “me over we” mentality has profound implications for organizations in how they lead their employees.

    The metaverse will be a new frontier of the internet, combining all the existing layers of information, interfaces, and spaces with which people interact.

  • According to the 2021 annual report released by the Ministry of Industry and Advanced Technology, the rise in exports coincided...

    Also, the National In-Country Value has succeeded in circulating AED41.4 billion ($11.5 billion) back into the local market.

    UAE rose five places—from 35 to 30-- in the Competitive Industrial Performance Index issued annually by the United Nations Industrial Development Organization.

  • The payments will be made "to preserve the dignity of young people", Algerian president Tebboune said.

    The payments will be made "to preserve the dignity of young people", Algerian president Tebboune said

    It will be accompanied by medical benefits, while some taxes on consumer products will also be suspended

  • While not verified, the claims by Russia provided some much-needed relief for investors, who had grown increasingly fearful of a...

    While not verified, the claims by Russia provided some much-needed relief for investors, who had grown increasingly fearful of a conflict in Eastern Europe

    The mood lifted after Russia's defence ministry said some of the more than 100,000 soldiers amassed around Ukraine in recent weeks had started to return

  • A number of beneficiaries of the initiative are said to have expressed their happiness as they were able to recover...

    Colonel Youssef Obaid bin Harmoul, Director of the SP’s Comprehensive Police Stations Department, said this happened due to the Al Solh Khair initiative

    It resulted in 12,798 reconciliations out of 27,408 criminal reports in 2021, which included 8,523 financial reports, and the return of AED500m

  • The discovery is one of the largest in the area in the past 20 years, and the field could contain...

    The discovery is one of the largest in the area in the past 20 years, and the field could contain around 100 million barrels in reserves

    The announcement was made on the sidelines of the ongoing Egypt Petroleum Show (EGYPS) 2022

  • The final offer price was set at SR128 ($34.1) per share, the top end of an indicative range.

    The listing comes amid a boom in the Saudi initial public offering market in a bid to enhance liquidity.

    Owned by the Public Investment Fund, the company had earlier raised $820 mil in proceeds from an IPO.

  • In spite of an increase in transport and food costs, inflation in Saudi hovered at 1.2 percent in January, according...

    GASTAT said the 1.2 percent growth in the general consumer price index, or CPI, “resulted from higher prices of transport and food and beverages prices

    In the food and beverages group – which has a 19 percent weighting in the general CPI — growth in food prices accelerated to 2.1 percent from 1.1 percent in December