By examining the various political and economic systems introduced by European colonizers, the three have demonstrated a relationship between societal institutions and prosperity, the jury said. "Reducing the vast differences in income between countries is one of our time's greatest challenges," Jakob Svensson, chair of the Committee for the Prize...
Emirates NBD profit rises 25 percent to $2.47 bn for Jan-Sept period
Q3 profit was AED3.8 bn, up 51 percent year-on-year, exceeding the $1bn mark.
Emirates Islamic bank net profit for Jan-Sept period $285 million
The bank attributed the profit to higher funded and non-funded income.
Mashreq posts net profit of US$708m
The embrace of digital services by it customers drove growth.
ADCB Q3 net profit at US$432m
The diversification of revenue streams boosted the bank's profitability.
SABB nine-month net profit $926m
The net profit for the same period last year was $738m.SABB posts 26% profit rise
The profit touched $931m in the first nine months of 2022.
QNB posts 7% rise in profit
Its net profit for the first nine months of the year was $3bn.
Saudi to make US$32bn in income from recycling by 2035
Saudi Arabia is expected to generate an annual income of $32 billion from recycling waste by 2035, according to the minister of environment, water and agriculture.
UAE, Tanzania sign pact to avoid double taxation
UAE and Tanzania have signed an agreement for avoiding double taxation and preventing tax evasion.UAE’s 10 largest banks reap second quarter windfall
Banks in the UAE held a 22.4 percent market share of the assets in the Arab banking sector, followed by Saudi banks with a 21.7 percent market share.
Standard Chartered posts record profit in H1 of 2022
The bank's profit rises 28% to US$581 million in the first half.Zain Group Q2 net profit $165m
The Group will pay a half-year dividend of 10 fils per share.Billions rely on wild species for food, fuel, income: UN
Overall, 50,000 species are used for food, energy, medicine, material and other purposes around the world, with more than 10,000 different types harvested for human consumption.
After war, Syrians in Jordan find joy and jobs in dance
Jordan hosts almost 650,000 Syrians registered with the United Nations, but Amman estimates close to 1.3 million Syrians have arrived since 2011.
GCC govts lend roof to residents via interest-free loans
The value of home loans granted by the GCC govts to their residents range between $150,000 and $330,000 and are repaid through simplified methods and in short payments.
Qatar and Czech Republic sign deal to prevent tax evasion
Qatar has entered into an agreement with the Czech Republic to avoid double taxation on income tax and to prevent tax evasion.
ENBD REIT rental income down 19.7 percent
Occupancy of its portfolio up 80 percent in the year ending 31 March 2022.Global issues slowing down labor market recovery: ILO
Labor incomes have not yet recovered for the majority of workers. In 2021, three in five workers lived in countries where labor incomes had not returned to the level seen in Q4 2019. The gender gap in hours worked also grew during the pandemic.Amanat reports 39% growth
Amanat recorded a total income of AED46.9 million
Fertiglobe revenue grows by 118 percent
The company raised its H1 2022 dividend guidance to at least $700 million.
Arab Bank Group Q1 net income $166m
The net income increased by 29.4 percent compared to $128.3m for Q1 2021.
FAB Q1 net profit $1.38 bn
The results represent the highest quarterly net profit in the bank's history.
Emirates NBD profit up 18 percent
The bank said it was the highest quarterly profit since 2019.
NBK Q1 net profit $383m
Total assets by the end of March grew by 8.7 percent YOY.
NBQ reports Q1 profit of $26.3m
Its net profit increased 26.26% from the same period last year.Tunisia tourism revenues climb 48% to $200m by April 10
The country’s external debt services went up 5 percent, from nearly TND2 billion ($666.69 million) to about TND2.1 billion ($700.02 million).
Aramco profits doubled in 2021
The rise was due to crude prices, as the global economy recovered.NDMC of Saudi Arabia closes $2.75bn worth March sukuk
Saudi Arabia’s National Debt Management Center has closed the March 2022 issuance of Saudi riyal-denominated sukuk, valued at SR10.3 billion ($2.75 billion).Protests rock Iraq’s southern area as food prices surge
Protests erupted Wednesday in Iraq's impoverished south over a rise in food prices that officials attributed to the conflict in Ukraine. For about a week, the price of cooking oils and flour have skyrocketed in local markets as government officials have sought to address growing anger with various statements and...
New UAE law boosts family business growth
Haoula considers it extremely important to sustain family businesses as a recognition for their efforts historically, and for the advantages they could bring to the future of the UAE. “The new legislation makes everybody [feel] welcomed, and that for sure will make it a very approachable place for employment and...TAQA to recommend $600m dividend
The company has already paid $500m in quarterly dividends.BHM posts 125 percent rise in profit
The company nearly doubled its brokerage revenues in 2021.
Amanat Holdings income leaps up
Amanat Holdings has posted a huge jump in its income for the year ended December 31, 2021 to AED367 million as compared to AED70.6 million recorded last year.
QLM net profit up 8 percent
The insurer reported a growth of 16 percent in underwriting income.TAQA posts a net income of AED6bn for 2021
Abu Dhabi National Energy Company (TAQA) has posted a net income (TAQA-share) of AED6.0 billion, a jump of AED3.2 billion, for the year ended December 31, 2021.
Dana Gas posts $317m profit
The company's revenue rose 30 percent to $452 million in 2021.
CBD net profit $394
The bank's assets reach a record AED114 billion: CEO
Arab Bank profit up 61%
The net income after tax rose from $195.3m to $314.5m.Emirates Islamic 2021 net profit $224m on higher non-funded income
Emirates Islamic’s net profit jumped to AED 823 million ($224 million) for 2021 on higher non-funded income and a significant reduction in the cost of risk reflecting the strong economic recovery, the bank said. The bank, which is one of four Islamic banks in Dubai, said in a statement that...Dubai Islamic Bank profit rises
Its net profits increased by 39 percent in 2021 to AED 4.4 billion.TAQA nine-month net income $1.17 bn
The total revenue is 11 percent higher than the same period last year.
ADNIC nine-month profit at $90m
Its profit in the first nine months last year was $77 million.Axa insurance Q3 premiums down 7 percent
Q3 net profit down 18 percent from the same period last year.
Aramco Q3 earnings up 158%
Higher oil prices and sales volumes led to the rise.
RAK Properties profit rises 383%
Q3 net profit rose to AED197.9 million from AED40.97 million last year.
Emirates Islamic net profit $218m
Higher non-funded income, reduction in the cost of risk push profits up.Look beyond subsidies to fight high energy prices: IMF
Governments should avoid using general subsidies as a way to soften the blow from recent high energy prices, said Paulo Medas from the IMF's Fiscal Affairs Department. Broad subsidies are expensive, so policymakers instead should use targeted aid to help low-income families, he added.TAQA’s net income shoots up 42 percent to $790m in first half
TAQA, the Abu-Dhabi government’s energy holding company, has reported a 42 percent jump in its net income for HI 2021 to $790 million compared to the same period last year, after a big contribution from the oil and gas segment.
Alba Q2 profit jumps 665% to $246m
Aluminium Bahrain posted Q2 2021 profit of BD92.6 m after loss in 2020 .Emirates NBD’s first half profit rises 17% to Dh4.8 billion
Total income of the Dubai’s largest bank has jumped 9 percent over the preceding half year due to a marked increase in transactions and stable Net Interest Margins.
