The insurance firm posted a net profit of $12.32 million.

Dating back almost 5,000 years, archaeologists in Iraq have uncovered the remains of a tavern that they hope will illuminate the lives of ordinary people in the world's first cities. The US-Italian team made the find in the ruins of ancient Lagash, northeast of the modern city of Nasiriyah.

Driven by Saudi Arabia's construction sector, near-term forecast remains positive for the GCC with more than $110bn worth of projects in the tender stage.

Although the remittances grew by an estimated 5 percent in 2022, they were lower than the 10.2 percent increase in 2021.

LONDON, UK - The London stock market jumped to a record peak Tuesday in a positive open across Europe, after hefty gains on Wall Street with all eyes on US inflation.The British capital's benchmark FTSE 100 index of top companies reached as high as 7,986.20 points."The tailwinds from another decent market...

Luxembourg--European Investment Bank (EIB) Global, a branch of European Investment Bank, announced on Monday that it will provide $27 million participation in the $150 million Middle East Venture Fund.This is the largest ever venture capital engagement by the EIB in the Middle East.The new venture capital fund launched by Middle...

The consumer price index is forecast to have dipped to 6.2 percent last month from 6.5 percent in December, according to Bloomberg. But that is still well above the Fed's target of two percent, and analysts said a higher read on the CPI could spark a hefty sell-off on markets,...

The insurance firm's net profit vaulted to $28 million.

In 2013, Sheikh Mohamed bin Zayed ordered the transfer of ships carrying vital petroleum commodities via Mediterranean to Egypt to help it overcome the crisis, says El Sisi at WGS.

FY'22 turnover rose to $1.4 billion, up 65 percent YoY.

Aim is to develop hydrogen-based mobility pilot project.

Firm has proposed dividend of S$115 million for 2nd half 2022.

Dubai, UAE-- Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has approved the design of the new air taxi stations in Dubai, which will start operating within three years.“Today, we approved the designs of flying taxi stations in Dubai which...

Damascus, Syria--Syria's President Bashar al-Assad on Sunday thanked the United Arab Emirates for its emergency response and tens of millions pledged in aid to the quake-hit country, the presidency said."The UAE was among the first countries that stood with Syria and sent huge relief and humanitarian aid and search and rescue...

Dubai, UAE--Ohood Al Roumi, the UAE's Minister of State for Government Development and the Future and Vice Chair of the World Government Summit (WGS), has stressed the importance of data and data protection in shaping future governments and businesses.During a session titled "The Role of Data in Government Development", within...

To house millions of people who lost homes in the devastating earthquake, Qatar will send some 10,000 cabins and caravans used during the World Cup to Turkey and Syria. The UN estimates that many millions may be in need of help after the 7.8-magnitude quake killed some 33,000 and flattened...

The stock exchange's net profit jumped 13% to $59m in 2022.

Dubai, UAE---The Central Bank of UAE Sunday launched Financial Infrastructure Transformation Program (FIT program) to accelerate the digital transformation in the financial services sector.In a statement, the bank said the FIT is a step towards enabling the CBUAE to be among the top central banks globally. The program aims to...

On his upcoming trip, Raisi is expected to hold private talks with Xi, and delegations from both countries are due to sign "cooperation documents", according to Iranian media agency.

Speaking at the Arab Fiscal Forum in Dubai, the head of the IMF Kristalina Georgieva stated that public debt in MENA is a "concern" and that governments in the region ought to create resilience by way of fiscal policies in order to protect against shocks. She also called for boosting...

Monday's 7.8-magnitude tremor struck Kahramanmaras in the country's southeast, unleashing catastrophe in the region and Syria, killing at least 28,000 people. Anguished families flock to sports halls, hospital morgues or cemeteries in the severely hit city -- where bodies are piling up -- in a bid to find their missing...

More than a hundred hours after two earthquakes killed more than 23,000 people, an Emirati rescue team has pulled alive two people from under the rubble in Turkey. One man believed to be in his 50s or 60s and an 11-year-old child were rescued in the Kahramanmaras province, close to...

Dubai, UAE--Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has organised a workshop designed to bring key players, investors and related parties together to discuss the future of this nascent sector.The workshop, held at Dubai Chambers headquarters, included a lively roundtable session, where attendees...

Cairo, Egypt--The Arab Parliament on Saturday endorsed a proposal submitted by Jordan's Lower House Speaker Ahmad Safadi, stipulating the establishment of a regional center for food security in Jordan, Speaking at the Arab Parliament fifth conference on Saturday, Safadi said Jordan can facilitate and coordinate Arab and international action, and...

The Gulf International Laboratory aims to localize industries, enhance local content and build capabilities to boost competitiveness of the Kingdom's economy.

The earthquake is estimated to have made some 5.3 million people in Syria homeless, which rocked the region this week, according to a United Nations official. The homeless people, according to the official, will need shelter assistance across the country. Quake survivors have flocked to camps set up for people...

Brent, the international benchmark, and its US counterpart WTI, which had been down earlier in the day, jumped more than two percent after Russian deputy prime minister Alexander Novak said production would be cut by 500,000 barrels per day, or five percent of output, in March. "Crude prices reacted positively...

The capital will finance PIF's green investments.

The company recorded a full-year revenue of $192m in 2022.

Dubai, UAE-- Emirates SkyCargo and Air Canada Cargo have inked a Memorandum of Understanding (MoU) to provide additional benefits to its global air cargo clients.The MoU was signed at Emirates Headquarters in Dubai, UAE, by Nabil Sultan, Emirates Divisional Senior Vice President, Cargo, and Matthieu Casey, Managing Director Commercial, Air...

As the number of companies operating in the industry expected to exceed 2,500, the sector is likely to create 450,000 job opportunities in the Kingdom.

DUBAI, UAE - As many individuals in the UAE face challenges in balancing work and family obligations, parent-friendly workplace policies allow parents to care for their children’s well-being, benefiting individuals, the economy and society as a whole.This was one of the key takeaway messages from a webinar organized by the...

SHARJAH, UAE - Financial innovation and technology trends in global financial services sector were in the spotlight during a panel session at the sixth edition of the Sharjah Investment Forum (SIF).Moderated by Goncalo Traquina, Head of Management Consulting in Financial Services, KPMG, panellists Eric Yang, CEO of MaskEX, Mirna Selman,...

Revenue rose as countries boost military spending.

The 7.8-magnitude quake struck as people slept early Monday, with Turkish officials saying that over 70,000 people have been injured across 10 southeastern provinces hit hardest by the disaster. "We are providing immediate assistance and preparing a rapid assessment of the urgent and massive needs on the ground," said World...

More than 17,500 people have died so far in the 7.8-magnitude earthquake that struck Turkey and Syria.

The firm's revenues rose to US$44.4 billion in 2022.

Revenue climbed by 17 percent to a record US$31.8 billion.

Profit was affected as demand for steel fell and production hit.

Riyadh, Saudi Arabia-- Saudi Arabia's industrial production index (IPI) for December 2022 witnessed a 7.3 percent increase compared to the same period last year.A surge in mining, quarrying, and manufacturing activity helped the growth in IPI, according to a report published by Saudi General Authority for Statistics (GASTAT).The results of...

"An effective partnership model between the public and private sector in Dubai has helped transform innovation into a culture that has enhanced the UAE’s competitiveness. Innovation has also helped in formulating strategies and unlock new achievements,” Al Basti adds.

Its profit rose to $42m during 2022 as against $38m in 2021.

Its operating profit rose by 12.5 percent to $24 billion.

Cairo, Egypt-- Moody's has lowered Egypt's sovereign rating by one notch to B3 from B2 on Tuesday, citing the country's reduced external buffers and shock absorption capacity.The agency changed its outlook for Egypt to stable from negative."Moody's does not expect Egypt's liquidity and external positions to rebound quickly," the agency said.Also...

Washington, United States--The United States said Tuesday it was working with partners to provide earthquake relief in Syria but would stand firm against working with the Damascus government.The United States also said it expected to send further assistance to Turkey after sending two rescue teams to the NATO ally, which suffered...

Dubai, UAE-- The three-day long dental conference has got underway in Dubai, bringing together leading experts in dentistry and oral health professionals from around the world.Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Academic Health Corporation and Chancellor of the Mohammed Bin Rashid University of Medicine and Health Sciences,...

Soldiers, rescuers and residents of Aleppo's Bustan al-Qasr neighborhood used pickaxes and shovels to free survivors trapped under the debris of collapsed buildings.

The event is predicted to bring in over 7,000 professional visitors when it takes place at Dubai World Trade Centre from May 16 to 18.

A day after the powerful earthquake devastated Turkey and Syria, Iraq's autonomous Kurdistan region has said that it resumed oil exports through Turkey after suspending them as a precaution in the wake of the quake. The Kurdish ministry of natural resources said the oil exports restarted via the pipeline connecting...

Sharjah is a gateway to the markets of the Gulf region, with a GDP of US$1.6 trillion. It provides a solid business base for investors through six free zones and 33 industrial zones with various specialisations, which are all linked to convenient land, sea and airports, he adds.