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 Kingdom seeks to increase its net FDI inflow by 1,816 percent between 2021 and 2030, raising it to $103.5...

    The Kingdom is likely to witness an increase in net FDI by 1,816 percent between 2021 and 2030

    The country’s wholesale and retail sectors issued more than 44 percent of new FDI licenses in Q4, 2021

  • Oman has signed three agreements RO 94 million ($244 million) with the Saudi Fund for Development (SFD) for supporting SMEs...

    The first MoU dealt with supporting small and medium enterprises (SMEs) through a soft loan portfolio of RO 57.6 million.

    The second and third MoUs contribute to the funding of infrastructure projects in the Special Economic Zone at Duqm (SEZAD).

  • The MoU was signed by the president of the association, Wadih Al-Handal in the presence of the Governor of the...

    The MoU was signed by the president of the association, Wadih Al-Handal in the presence of the Governor of the Central Bank Mostafa Ghaleb

    Al-Handal pointed out that the memorandum of understanding will also focus on establishing joint training programs

  • The net of non-Jordanian investments during January 2022 showed a negative value of JD5 million ($7.05 million).

    The value of shares that were bought by non-Jordanian investors during January 2022 was JD11.2 million ($15.8 million)

    The value of shares sold by these non-Jordanian investors for the same period amounted to JD16.2 million ($22.85 million)

  • Lebanese officials began talks with the IMF last month to pull the country out of the worst economic crisis in...

    Lebanon’s currency has lost about 90 percent of its value on the black market

    Meanwhile, four out of five Lebanese now live below the poverty line

  • GCC countries appear to be reaping the benefits of their efforts this year, with all indications pointing to the economies...

    According to the IMF, the region’s oil GDP will rise 5.3 percent in 2022

    Saudi Arabia’s non-oil GDP is expected to grow by 4.9 percent in 2022

  • The Middle East Energy Event (formerly Middle East Electricity) will be held at Dubai World Trade Center from 7th-9th March....

    The event, formerly known as Middle East Electricity, will be held at Dubai World Trade Center from 7th-9th March.

    A study by Goldman Sachs revealed green hydrogen could meet 25 percent of global energy requirements in the next 30 years.

  • Saudi Arabia’s General Authority of Civil Aviation (GACA) has signed an MoU with Oracle to develop and support a roadmap...

    The memorandum was signed on the sidelines of the Global Tech Conference "LEAP" held in Riyadh.

    It also stipulates mutual coordination regarding cloud seminars, training and guidance, facilitating training.

  • A total of 98 new economic activities have been added to several sectors of Dubai in 2021, bringing the total...

    The total number of economic activities in the Emirate has reached 2,200. In 2020, the DET had added 58 activities.

    Artificial Intelligence Developing Services, Gaming Localization Services and Industrial Consultancies are among other activities added this year.

  • The Abu Dhabi National Oil Company (ADNOC) has announced the discovery of natural gas resources offshore of the Emirate of...

    This discovery marks the first of Abu Dhabi’s offshore exploration concessions

    Offshore Block 2 covers an area of 4,033 square kilometers northwest of Abu Dhabi