INSEAD Day 4 - 728x90

UAB H1 profit climbs

Income, lending drive first-half growth

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.
  • KHAN YUNIS, PALESTINIAN TERRITORIES - One of the last grain warehouses in the Gaza Strip has been damaged by Israeli strikes...

    Of the five flour mills in the densely populated Palestinian territory, at least two have been hit since the war began on October 7.

    Humanitarian aid arriving via Egypt has done little to remedy the shortages, made worse by power cuts and a lack of fuel for generators.

  • The announcement came shortly after Israel agreed to a US request to allow two fuel trucks a day into Gaza,...

    The UNRWA earlier said its aid trucks were unable to enter Gaza from Egypt for a second straight day due to the lack of fuel and a near-total communications blackout.

    More than half of Gaza's hospitals are no longer functional, and Israel's raid on Al-Shifa left extensive damage to the radiology, burns and dialysis units.

  • DUBAI, UAE – Tawazun Council signed 16 deals, worth US$1.3 billion (AED 4.87 billion), with local and international companies on...

    The first day saw announcement of contracts worth US$1.2 billion and the second day US$1.8 billion

    The total value of contracts announced on third day stood at US$1.3 billion

  • Despite the difficulties, some 4.1 million people have received humanitarian aid in the last seven months -- but that amounts...

    The deadly unrest in Sudan includes outbreaks of interethnic violence and attacks against women, according to the global body

    UN assistant secretary-general for Africa expressed alarm over the deteriorating crisis in a Security Council meeting

  • Washington, which provides significant military aid to Israel, has given unwavering support to its top Middle East ally since the...

    Blinken spoke by telephone with Jordanian Foreign Minister "to share his deep concern for the Jordanian medical personnel injured outside Jordanian field hospital in Gaza"

    Antony Blinken, who was attending an Asia-Pacific summit in San Francisco, "reiterated that civilians and medical personnel at hospitals must be protected," a statement said

  • The US President Joe Biden's recent statements on the ongoing Gaza conflict, especially his assertions about Hamas' headquarters and the...

    US President Joe Biden's recent press conference highlights differing narratives on conflicts in Ukraine and Gaza, writes Shakir Husain.

    Western support for Israel's actions in Gaza underscores a shift from observers to participants in Middle Eastern conflicts, he adds.

  • Israel has targeted Syria several times in the past weeks as regional tensions simmer over the Israel-Hamas war in the...

    Syrian Observatory for Human Rights group said the strikes targeted sites belonging to the powerful Lebanese Hezbollah group

    Israeli strikes last month put Syria's two main airports in Damascus and Aleppo out of service several times over two weeks

  • Geneva, Switzerland - The heads of numerous United Nations agencies and other humanitarian organizations said on Thursday they would not take...

    The officials said they "will not participate in the establishment of any 'safe zone' in Gaza that is set up without the agreement of all the parties".

    They added that proposals to unilaterally create 'safe zones' in Gaza risk creating harm for civilians, including large-scale loss of life.

  • DUBAI, UAE - EDGE, one of the world's leading advanced technology and defense groups, announced its first major order from...

    ADASI, an EDGE entity which designs and develops autonomous systems, will oversee the production and deliver the contract to the UAE Armed Forces.

    The REACH-S will provide the UAE Armed Forces with a cost-effective, 24-hour intelligence, surveillance and reconnaissance (ISR) capability.

  • Kibbutz Beeri, Israel - EU foreign policy chief Josep Borrell on Thursday called for Gaza hostages to be immediately freed, but...

    Speaking at Kibbutz Beeri, whose leaders reported around 85 people killed and around 30 taken prisoner by Hamas, Borrell said "Israel has to be defended".

    Israel has bombarded targets in Gaza and sent in ground troops against Hamas, killing more than 11,500 people, local Hamas government said