It posted an 8% jump in net profit to US$337m for last year.

Its net profit fell 10.24% to US$59.07 million in 2023.

The insurance firm made a slew of new appointments.

The shareholders approved to distribute an 8.3% dividend.

The shareholders elected a new board of directors as well.

Abu Dhabi, UAE--The Central Bank of the UAE (CBUAE) has removed the board of directors of an insurance company operating in the UAE and replaced it with a temporary committee of experts for six months. The central bank, however, didn't disclose the name of the insurance company, and what led...

Riyadh, Saudi Arabia-- The Saudi Center for Commercial Arbitration (SCCA) has published the 2023 revised SCCA arbitration rules with effect from May 1. The final text was endorsed after extensive review by the SCCA’s board of directors. The SCCA, in a statement, said the new rules will apply to all...

It will dole out cash dividends to the tune of US$601m.

The income vaulted to $1.77bn in the first nine months of 2022.

Award-winning dissident Iranian film-maker Jafar Panahi, arrested last week in Tehran, must serve a six-year sentence previously handed to him in 2010, the judicial authority announced Tuesday.

The percentage of women on boards in corporate houses across the GCC countries is low, Christiane Schloderer, INSEAD Alumni Association's senior member tells TRENDS.

Bahrain Network (BNET) has announced the appointment of Mr. Ahmed Jaber Aldoseri as its Chief Executive Officer, a former member of the company's Board of Directors.

Wataniya Insurance Company’s board of directors has recommended to increase the company’s capital through a $53.3 million rights issue, according to a bourse filing.

Boeing has already lost $20 billion in fines, lost orders, and other costs, due to these two crashes, both of which involved the 737 Max aircraft. Not the least of these was the $2.5-billion fine levied on it by the US Department of Justice in January this year.