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.

  • Lebanon's central bank governor has vowed not to reverse his decision to stop subsidising fuel imports, unless parliament votes to...

    The country's Foreign exchange reserves have dwindled in recent months to now stand at $14 billion

    Earlier this week, the central bank had said it would no longer subsidise fuel imports

  • The projects in the Tabuk region will include initiatives related to housing, transportation, environment, and agriculture.

    The Tabuk region is currently the epicenter of quite some activity, like the building of a substation for the Green Duba power plant

    Tabuk City also happens to be a hub for tourists who wish to explore the northern parts of Saudi Arabia

  • The loan is expected to be used to provide for stimulus packages to for workers and create new jobs.

    The loan will support the creation of some 14,500 jobs in the forestry and tourism sectors

    It will also promote the employment of fresh graduates in the ICT sector, and strengthen the staffing of healthcare institutions

  • As the fuel crisis worsens in Lebanon, the country's leadership appears to be at odds over how to end the...

    Dwindling fuel supply has plunged Lebanon into extended blackouts and long queues for petrol and bread

    This week the central bank announced an effective end to fuel subsidies that have drained the reserves at a time when Lebanon is in a state of financial collapse

  • Iran is currently suffering a drought that has led to water protests in several regions, most so in the Khuzestan...

    Iran’s wheat production exceeded 14 million tons in the previous Iranian calendar year 1399

    However, this year Iran may need to import as much as 8 million tons of wheat

  • The country has said it will take legal action against the construction of manmade or artificial lakes in farms for...

    The Ministry of Environment, Water, and Agriculture said any such construction would be deemed ‘a violation of the water bylaws and the relevant executive regulations’

    The laws and regulations it pointed to are aimed at preserving water resources, ensuring their sustainability, rationalizing water consumption, and preventing its misuse

  • AED 2 billion worth of properties were mortgaged, the highest being a plot of land in Al Hebiah First, mortgaged...

    The highest number (21) of sales worth AED 59.14 million were recorded in Nad Al Shiba Third.

    AED 2 billion wroth of properties were mortgaged, the highest being a plot of land in Al Hebiah First, mortgaged for AED 333 million.

  • Aerial images showed the separated stern of the Crimson Polaris tipped upwards and the other part of the stricken boat...

    Aerial images showed the separated stern of the Crimson Polaris tipped upwards and the other part of the stricken boat listing into the sea

    Authorities were trying to contain the oil leak but had not yet been able to erect an oil fence around the boat

  • In a country suffering from one of the worst economic crises in the world, this could effectively raise prices for...

    The central bank on Wednesday ended subsidies on imported fuel, and instead offered importers a line of credit

    Caretaker Prime Minister Hassan Diab said the move ‘contravenes the law’

  • US national security adviser Jake Sullivan has criticized the world's major oil producers over their production speed.

    The US believes lower oil prices resulting from slower pumping would be detrimental to a global economic recovery

    As such, it has said it is engaging with ‘relevant OPEC+ members’ to urge them to extract more oil