INSEAD Day 4 - 728x90

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.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year
  • The company expects to raise more than $1 billion from the public offering, valuing the company at about $10 billion.

    Retail offering started on Wednesday and will run until Oct. 1

    ACWA is considering issuing green bonds in 2022 and beyond to raise funds for some renewable energy projects.

  • Los Angeles: Tesla chief executive Elon Musk thinks US regulators should take cryptocurrency out of their crosshairs, leaving it free...

    China's central bank last week said all financial transactions involving cryptocurrencies are illegal.

    Tesla early this year announced it had bought $1.5 billion worth of Bitcoin.

  • Al Samahiji is the non-executive chairman and co-founder of Orpheus Partners.

    He served as CEO of BNP Paribas Najmah and Global Head of BNP Paribas Islamic Finance and Investments.

    GFH said it currently has assets of over $12 billion globally and looks to build its international portfolio through organic and inorganic growth.

  • DEWA has implemented Fourth Industrial Revolution technologies, such as Artificial Intelligence, Cloud Computing and the Internet of Things to drive...

    DEWA and GMIS will collaborate to promote the use of advanced energy-saving innovations

    The collaboration will enable greater synergy between utility providers and industrial enterprises to eliminate energy wastage

  • The cartel's world oil outlook goes against the vision of the International Energy Agency, which warned in May that demand...

    Developing countries will fuel demand while it will begin to fall in wealthier nations from 2023, said OPEC.

    The OPEC report comes as Brent crude oil prices jumped above $80 per barrel for the first time in almost three years.

  • Saudi Arabia has managed to digitize some 50 million real estate documents under the Real Estate Title Digitization Initiative. It...

    The central digitization labs work around the clock and are the largest of their kind in the MENA region

    The digitization process goes through several steps: listing and collection of documents, entry and revision, transfer to digitization labs, sterilization and restoration

  • Saudi Arabia’s economy will benefit from higher oil prices and its successful COVID-19 vaccine roll-out, ratings agency S&P Global has...

    Growth is heavily observed in non-oil sectors, particularly in real estate where the government aims to drive national home ownership to 70 percent by 2030

    The semi-annual review from S&P affirmed the A-/Stable/A-2 sovereign rating of the Kingdom, attributing it to a positive post-pandemic performance

  • The common belief in the international community is that the reason behind Lebanon’s economic crisis is corruption and misgovernance. Thus,...

    The UNSC has said in its statement that these reforms would help the masses suffering from the economic crisis and the resulting shortages

    It added that the reforms would also ‘ensure effective international support’

  • International expos, or world fairs, draw millions of visitors to a chosen city every few years. Over two centuries these...

    The first universal exposition took place in Paris in 1798 to show off French industrial know-how.

    The record is held by the Chinese city of Shanghai, which drew 73 million visitors in 2010.

  • With the rollout of vaccines and easing of lockdowns this year, bets on demand for the black gold have surged,...

    Brent climbed 0.9 percent in morning Asian trade to $80.24, its highest level since October 2018.

    The advance comes even as the global economic recovery shows signs of slowing owing to supply chain issues