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 project, Saudi Arabia's first, is being developed by leading renewable energy companies EDF Renewable and Masdar.

    The project, Saudi Arabia's first, is being developed by EDF Renewable and Masdar.

    On completion, the farm will power about 70,000 Saudi households.

  • Higher oil prices and a recovery in demand, easing of COVID-19 curbs, vaccination campaigns, stimulus measures, and accelerating activity in...

    The company announces a dividend of $18.8 billion.

    Higher oil prices and a recovery in worldwide demand, easing of travel restrictions drive the rise in income.

  • Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 months

    The Covid-19 which caused shipping logjams has also contributed to cost escalation by pushing the freight costs to record levels

    Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 months

  • Authorities in the ministry responsible for coordinating foreign pilgrims will from Monday begin "gradually receiving Umrah requests from various countries...

    Before Sunday's announcement, only immunised pilgrims resident in Saudi Arabia were eligible for umrah permits

    The umrah is a pilgrimage that can be undertaken at any time -- distinct from the hajj, which takes place once annually

  • Sukuk has remained an attractive instrument and the positive growth trajectory has continued during the first half of 2021

    The report said that as of December 2020, over 90 percent of the $648 billion Sukuk outstanding globally were issued from markets like Malaysia, UAE and the others

    Sukuk has remained an attractive instrument and the positive growth trajectory has continued during the first half of 2021

  • Iraq is confident about securing a $4 billion dollar loan from the International Monetary Fund (IMF) after it restarted talks...

    International Monetary Fund and Baghdad opened talks last year amid the pandemic as demand shock sent oil prices tumbling

    Iraq also expected to sign agreement with French oil and gas company before current government’s term ends

  • Slight drop in headline seasonally adjusted PMI in July points to minor deterioration in the health of the non-oil sector.

    Slight drop in headline seasonally adjusted Purchasing Managers’ Index in July points to minor deterioration in the health of the non-oil sector.

    Influence of rising raw material prices, fuel costs, wages n cost pressures down in July, says IHS Markit survey.

  • Uneven recovery is expected as eleven Arab countries will likely recover by the end of 2022, while the recovery path...

  • Egypt has decided to withdraw subsidy from bread that will make it dearer for a people who have relied on...

  • Latest IHS Markit UAE PMI says firms hoped easing of COVID-19 restrictions and the Expo 2020 later this year would...