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.
  • El Salvador has become the first country to introduce bitcoin as legal tender, with high demand forcing a freeze of...

    Bitcoin can be bought and spent using a cyber wallet called "Chivo"

    Special ATMs allow people to make bitcoin transactions and draw cash in dollars

  • While the mood is generally upbeat, analysts remain cautious owing to the constant threat of the pandemic.

    Shanghai, Sydney, Singapore, Wellington, Manila, Mumbai and Bangkok post gains; Seoul, Taipei and Jakarta the only stragglers.

    Tokyo continued its march higher on stimulus hopes, while a reshuffle of the Nikkei 225 also provided healthy support.

  • The results driven by higher oil prices and a recovery in worldwide demand, supported by the global easing of COVID-19...

    H1 net income $47.2 billion, representing a 103 percent increase over the same period in 2020.

    The Q1 dividend of $18.8 billion was paid in the second quarter and Q2 dividend of the same amount will be paid in the third quarter.

  • The non-oil revenues of Saudi Arabia have increased to US$31 billion in Q2 2021 as against US$10.1 billion in Q2...

    Saudi economy contracted by 7 percent in 2020 but grew by 1.5 percent in Q2 2021

    IMF expects Saudi real GDP to expand by 2.4 percent in 2021, following a contraction of 4.1 percent last year

  • Since the start of the crisis in 2019, several thousand Lebanese have emigrated, many of them to Cyprus.

    Since the start of the crisis in 2019, several thousand Lebanese have emigrated, many of them to Cyprus

    According to the United Nations, 78% of Lebanese now live below the poverty line -- up from less than 30% before 2019

  • Turkey turned into the home of one of the world's largest migrant populations when it struck a deal with Brussels...

    Turkey turned into the home of one of the world's largest migrant populations when it struck a deal with Brussels to help resolve Europe's 2015-16 refugee crisis

    President Recep Tayyip Erdogan says the nation of 84 million now hosts five million migrants and refugees

  • Egypt's net foreign reserves have risen to $40.672 billion in August from $40.609 billion in July, the central bank said...

    Egypt's net foreign reserves have risen to $40.672 billion in August from $40.609 billion in July

    Foreign reserves have been rising since June 2020, after dropping to around $36 billion

  • This happened as part of a program aimed to change the attitudes of household consumers towards the proper use of...

    This is part of the Power of Hope program, which entails rewarding efficient subscribers with a 100 percent discount on their bills

    The Iranian Energy Ministry program has reduced the number of high-consuming subscribers across the country by 6.1 percent

  • The laboratory falls within the framework of the "Invest in Oman" program.

    The lab is aims to design of a strategic investment program for the food security sector in Oman

    This will happen in partnership with relevant governmental and private institutions, businessmen, and investors

  • Nitaqat is a nationalization scheme implemented, which requires Saudi companies to fill up their workforce to certain levels with Saudi...

    About 1.6 million establishments in the Saudi employment market are registered under the program.

    Under Updated Nitaqat, the number of economic activities will be reduced to 32 from 85.