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.

  • Global demand for oil is expected to remain "robust" in 2022 and overcome short-term disruption caused by the Omicron coronavirus...

    The Saudi-led group of top oil producers warned future virus strains and pandemic-related travel restrictions could threaten the global economic recovery.

    European crude benchmark Brent North Sea reached $88.13 per barrel, while US contract WTI hit $85.74 -- the highest levels since October 2014.

  • BCCI chief reviewed ways to further increase the volume of bilateral trade

    Chairman Sameer bin Abdulla Nass appreciated the 'depth and solidity' of the Bahraini-Saudi economic and investment relations.

    Nass praised the role played by Saudi Arabia to enhance the progress and prosperity of the people of GCC.

  • Lebanon ministers said they aim to increase the hours of EDL’s power supply in the near future by securing Egyptian...

    Lebanon's economic crisis has seen its currency lose around 95 percent of its purchasing power

    This has caused fuel shortages that has led to power being supplied for just a few hours per household every day

  • Member countries of the Gulf Cooperation Council are increasingly working towards the empowerment of women.

    The UAE and Canada held discussions last month on how to enhance cooperation to empower women

    Statistics from Saudi Arabia from last year showed more women had entered the workforce, even as unemployment dropped

  • A presidential election was due to take place on December 24, followed by legislative polls, but the UN-sponsored electoral process...

    Speaker Aguila Saleh said during a parliamentary session, in the eastern port city of Tobruk, that a new government must be formed

    The call comes as the UN urged Libya's political factions and parties to hold safe, inclusive, and credible polls as soon as possible

  • The Innovative Startups and SMEs Fund (ISSF) will invest $1.5 million in Global Ventures

    Global Ventures is a Dubai-based growth-driven venture capital firm focused on investing in growth-stage technology.

    Investing in progressive funds such as Global Ventures supports ambitious SMEs to expand their businesses, ISSF said.

  • The higher revenue this year as a result of the increase in the number of tourists, which was 2.358 million.

    Tourism contributes in a significant way to the economy of Jordan

    However, some observers say that the sector has a lot of room for improvement

  • Growth in the fourth quarter was the slowest in more than a year, at 4 percent, down from 4.9 percent...

    China is the world's second-biggest economy, and a key driver of global growth

    It expanded 8.1 percent in 2021, but much of that came in the first half of the year

  • The exports of the Amman Chamber of Industry (ACI) increased last year in 2021 to "high" levels, compared to 2019,...

    The United States, India, Saudi Arabia and Iraq accounted for the majority of the Chamber's exports last year, with a value of JD3.111 billion.

    ACI exports rose during the same year to many Arab and foreign countries, most notably Indonesia, Egypt, Brazil, Algeria, Turkey, Sudan, Yemen and Malaysia.

  • The Abu Dhabi Sustainability Week summit, hosted by Masdar, will take place virtually on Monday, 17th January. The Summit will...

    The Summit will take place between 1:00pm – 9:00pm GST, and will convene more than 80 global leaders

    The opening sessions of the ADSW Summit will include a head of state address from President Halimah Yacob of Singapore