INSEAD Day 4 - 728x90

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

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

  • The forecast for China remained unchanged at 8.5 percent. The growth prospects of Argentina, Brazil, Mexico, South Africa, South Korea...

    The recovery remains very uneven, with strikingly different outcomes across countries, OECD said.

    Global gross domestic product has surpassed its pre-pandemic level following last year's Covid-induced recession.

  • Investing in agricultural technologies can take the UAE closer to its goal of being one of the top 10 countries...

    Over 100 entities use organic farming techniques in the UAE, including advanced farms that utilize modern agricultural technologies.

    The Abu Dhabi Investment Office is investing at least US$100m in agritech startups as part of their food security strategy.

  • The battle in Washington to raise the US debt limit was also fuelling concern that the government could miss payments...

    Dubai led declines among stock markets in the Gulf on Monday, as its main share index fell 1.2 percent.

    Hong Kong's Hang Seng Index, which plunged more than three percent Monday, edged up 0.2 percent.

  • The polls were initially scheduled for 2022, but moved forward to June this year, then postponed to October.

    Respondents have said only the candidates’ faces are newer while the political ideals are unchanged

    Issues like constant power cuts and non-upgradation of infrastructure are also weighing on voters’ minds

  • For the second month in a row, Saudi Arabia’s holding of US Treasury securities rose in July, touching $128.1 billion.

    The Kingdom is the 16th largest holder of US debt

    This increase in June and July is in line with global trends, as countries around the world increased their holdings by 5.7 percent

  • Lebanon is undergoing one of the worst economic crises in the world, with economists predicting that hyperinflation is imminent in...

    Basic and life-saving medicines are in short supply, with restrictions in foreign currency severely limiting import

    This has been caused by the Lebanese pound losing 90 percent of its purchasing power since end-2019, and subsequent government policies

  • Social media platforms are filled with posts by Lebanese appealing for contacts abroad to send basic goods.

    Lebanon’s currency has plunged to an all-time low, which has sparked inflation

    It has also eroded the purchasing power of a population denied free access to their own savings by stringent banking controls

  • The emirates achieves hotel occupancy rate of 62 percent, ahead of the US, UK and Turkey

    Hotel revenues grew by 31 percent to reach AED11.3 billion.

    Domestic tourism accounted for 30 percent of the total number of guests at hotels.

  • The Saudi economy, as per IMF, is recovering "well" from the pandemic, estimating the kingdom's non-oil economy will grow by...

    COVID-19 increased the average debt in Arab countries to 81.8 percent of its GDP in 2020, up from 69.4 percent in 2019.

    Qatar has the highest GDP per capita in the Arab world due to its small population.

  • Bank UAE Growth

    The UAE banking sector has posted a moderate yearly growth of 0.6 percent with total assets reaching US$873.6 billion, or...

    Total customer deposits in the country’s banks between Q2 2020 and Q2 2021 witnessed 2.3 percent year-on-year growth reaching US$519.4 billion or AED1.908 trillion.

    Personal loans to residents recorded 3.6 percent increase at US$92 billion or AED336.5 billion during the period