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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

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Last year, it announced 9,000 job cuts worldwide.

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The bank's profit crossed AED 1bn mark for the first time.

UAE ranks first in Middle East, 4th globally as remote work destination

The UAE government has laid a solid foundation for the remote work system, powered by advanced digital infrastructure.
  • The UAE ranked fourth after Spain, Argentina, and Romania, according to the website, which develops rankings based on a variety of factors
  • UAE Minister Omar bin Sultan Al Olama said his country has established a flexible and future-oriented system for remote work

Dubai, UAE –– The UAE has ranked first in the Middle East and fourth globally as a leading destination for remote work, according to a new ranking by VisaGuide.World.

The VisaGuide.World website specialises in monitoring and evaluating the effectiveness of visa systems.

The website also measures countries’ progress in providing a conducive and attractive environment for talent in the digital field and other facilities.

The UAE ranked fourth after Spain, Argentina, and Romania, according to the website, which develops rankings based on a variety of factors.

Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, said that the UAE has a proven and pioneering track record in various digital fields, and has established a flexible and future-oriented system for remote work.

The UAE government, he added, has laid a solid foundation for the remote work system, powered by advanced digital infrastructure, enabling it to overcome the major challenges brought forth by the COVID-19 pandemic, which greatly disrupted the work of governments and economic systems around the world.

VisaGuide.World serves as an online information guide specialising in travel and entry visas, by providing simplified information, news, and important updates on visa policy changes in countries around the world. It has several evaluation criteria, including visa and tax policies, internet speed, income requirements for visa applications, the cost of living, and the tourist attractions of the country