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's Consumer Price Index (CPI) at the end of 2021 reached 108.62, compared to 105.97 in December 2020, which puts...

    Rate of inflation in food and beverages stood at 3.71 percent, tobacco at 0.65 percent, clothing and shoes at 0.51 percent.

    Abu Dhabi recorded an inflation rate of 0.08 percent in December 2021 compared to November, while the inflation rate in Dubai was 0.09 percent.

  • The 23 members of the OPEC+ oil cartel, who meet on Wednesday, are expected to stick to their guns and...

    The cartel's prudent approach dates back to the spring of 2021 as demand recovered from drastic cuts in the face of the Covid-19 pandemic

    OPEC+ has not deviated from its line despite calls in the autumn from the White House to further boost supplies to tamp down prices

  • Iraqi Prime Minister Mustafa Al-Kadhimi has directed contracting with investment companies to build infrastructure in the areas where residential land...

    The “residential parts will be distributed”, and service buildings will be “built from health and school centers.

    During its meeting on September 22, 2021, the cabinet voted on the mechanism for the distribution of residential land.

  • Sanad, a subsidiary of Mubadala Investment Company, has appointed Mansoor Janahi as the new Group CEO.

    The appointment is a part of Sanad’s new plan to expand its business beyond the aerospace sector

    The strategy and leadership announcements follow the launch of "Operation AED300bn" last year

  • The Sharjah Chamber of Commerce and Industry (SCCI) has seen off another season of the 48-day "Sharjah Shopping Promotions" campaign....

    The volume of purchases throughout the 48-day campaign grew by 25 percent.

    Some 653 shops and stores took part in the event, offering attractive discounts of up to 75 percent on leading brands and various types of goods

  • Bank of Palestine (BOP) and Proparco in cooperation with the EU have jointly announced the signing of Sunref II Green...

    The purpose of SUNREF Green Finance Program is to provide solutions to promote energy efficiency and renewable projects.

    The program plays a crucial role in the Palestinian ecological system since energy services’ costs are high.

  • The United Arab Emirates and the UK have agreed to develop trade and economic relations between the two countries.

    The two parties highlighted the high level of bilateral relations between the UAE and the United Kingdom, and the joint desire in constantly developing these ties

    The two sides also praised the progress made in countering illicit financial flows

  • India will have its own digital currency starting 2022-23, Finance Minister Nirmala Sitharaman said while announcing the country’s budget for...

    India is launching a digital currency that is expected to use blockchain and other technologies

    The country is also levying a 30 percent tax on all virtual digital assets, which could mean cryptocurrencies

  • For the patrons filling Beirut's cafes these days, the most important things are good lighting and stable wi-fi.

    The power cuts have left many already with no option but to plant themselves in cafes all day

    The 23-hour power cuts and the falling quality of many internet connections have complicated matters

  • The annual meetings set to take place in Morocco will be held in Washington.

    The 2020 meeting of IMF, World Bank was held virtually and the 2021 meeting in a hybrid format

    Marrakesh was scheduled to host in 2020, will be the site of next year's event