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 Communications and Information Technology Commission (CITC), Saudi Arabia’s digital regulator, has announced the launch of WiFi-6e as part of...

    The latest generation of Wi-Fi technology offers data transfer speeds more than five times faster than the current standard

    It provides more capacity for high-bandwidth activities such as 8k gaming, video conferencing and virtual reality applications

  • Independent data collected by Turkish economists suggested that the annual rate of inflation rose to more than 110 percent in...

    Erdogan staunchly opposes raising interest rates, which he believes cause inflation

    This is the exact opposition of conventional economic thinking

  • The two countries discussed reducing obstacles facing the two-way flow of imports into the countries and enhancing trade and economic...

    The two countries discussed reducing obstacles facing the two-way flow of imports into the countries and enhancing trade and economic relations

    Tawfiq, the president of the Amman Chamber, reiterated that Jordan-Egypt were a model of good relations between Arab states

  • The fresh investments are said to be in line with Vision 2030, which aims to diversify the economy of Saudi...

    Investment deals totaling more than $6.4 billion were announced at LEAP 2022 in Riyadh

    Saudi Aramco Ventures launched a $1-billion investment fund called Prosperity 7 to help revolutionary startups

  • More than 340 Japanese companies have their bases in the UAE working in various sectors including infrastructure, industry, and energy,...

    More than 340 Japanese companies have their bases in the UAE working in various sectors including infrastructure, industry, and energy, a UAE official said

    A memorandum of understanding was also signed between the Department of Municipalities and Transport (DMT) and Sumitomo Corporation

  • Iraq is struggling to transform hundreds of palaces built and used by former dictator Saddam Hussain.

    One of the many palaces of the Iraqi dictator in the southern city of Basra has been turned into an antiquities museum

    Iraq has more than 100 residences, villas, and other complexes from the Saddam Hussein-era

  • The new tax -- to be implemented in the UAE from 1 June 2023 -- comes at a time when...

    UAE is expected to generate approximately AED 25 bn ($6.8 bn) in revenue from the corporate tax.

    Corporate tax rates in nations such as Germany and Japan exceed 30 percent. In Canada and China, companies pay 27 percent and 25 percent, respectively.

  • The Digital Cooperation Organization (DCO) has announced the launch of the DCO Startup Passport to make it quicker, easier and...

    The initiative will start initially in Saudi Arabia and Nigeria, opens potentially lucrative markets with a combined population of more than half a billion.

    The Startup Passport addresses the problems of SMEs challenges by reducing administrative and financial burdens and accelerating corporate registration.

  • Tamkeen, a semi-autonomous Bahraini agency, has said that the “Skills Bahrain” initiative is all set to be launched in the...

    'Skills Bahrain' is the first comprehensive national initiative aimed at establishing professional standards for vocations.

    Tamkeen is implementing the project in collaboration with many governments and private sector entities engaged in education.

  • The island's economic woes have left thermal power generators unable to keep the lights on, as traders run desperately low...

    An Indian diplomat said talks were underway on another $1 billion credit line to fund urgently needed food and medicine imports from India.

    Sri Lanka's economy is also seeing a scarcity of rice, automotive parts and cement, with supermarkets forced to ration some staple foods.