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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.
  • IoT Connectivity: The Backbone of Modern Business

    As IoT protocols evolve, companies are building robust infrastructure to support applications across sectors, from asset tracking in logistics to intelligent lighting in cities. This connectivity reshapes industries, powering smarter, more sustainable solutions for modern challenges.
  • GCC eyes economic upswing, business growth in 2024

    Despite last year's challenges, the region is set to see robust growth this year, led by the UAE, which is expected to top the economic performance with a 4% GDP growth.
  • Saudi Arabia set to be global reference in smart cities

    "The use of generative artificial intelligence (AI) extends beyond urban design and development. It involves creating smart cities tailored to the needs of their residents, promoting sustainable and inclusive living environments," he adds, highlighting the crucial role of generative AI in city services and urban solutions.
  • hacker, ukraine, Israel, DDoS,

    GCC’s digital leadership puts focus on cybersecurity

    As GCC leads in digital innovations, there's an urgent need for strong cybersecurity to combat increasingly complex threats targeting governments, businesses, and individuals.
  • Industrial metaverse eyes $1trn with output boost

    The latest technology is poised to transform the industrial sector, with a market expected to reach $400 billion by 2030, potentially exceeding $1 trillion, says a report.
  • MENA region rides the wave of digital transformation

    With an estimated IT spending of $175.5 billion in 2023, the region is embracing digital solutions, leveraging advanced technologies, and investing in flagship projects.
  • Hotpack to build plant in KSA

    The packaging plant will be one of the largest in the world.
  • Priorities set to spur Saudi digital transformation

    Organizations across the Kingdom are witnessing major DX impact in customer satisfaction, cost efficiencies, and data-driven insights, an IDC executive tells TRENDS.
  • MBRSC, e& enterprise ink MoU

    MoU will be mutually beneficial to both organizations.
  • Remote work, hybrid workplace boost telecom demand

    Demand for technologies including 5G, AI, ML, IoT, and advanced data analytics will continue to rise in the UAE this year, du CEO Fahad Al Hassawi tells TRENDS.
  • Investments key to improve region’s telecom services

    There is so much more the industry can explore through digital engagement, including digitizing products and services, gamifying experiences, creating loyalty eco-systems to encourage customer adoption, as well as using data insights to create personalized customer experiences are just a few examples, she adds.
  • Silal to deploy IoT sensors in 100 farms for improving productivity

    Silal, Abu Dhabi-based food and agritech company, in collaboration with Hoogendoorn, one of the world’s innovators in horticulture, on Tuesday launched the Digital Agronomy Service, which will see deployment of IoT sensors in 100 farms over the course of 2022. This project is aimed at enabling local farmers and advisors...
  • Tech-enabled sustainability can help hospitality

    SB Group founder and CEO Sanjeevv Bhatia says the hotel industry can no longer ignore net-zero goals.
  • MEA IoT spending to grow manifold as investments ramp up

    The Middle East and Africa (MEA) Internet of Things (IoT) market is set to grow 15 percent year on year in 2018, according to a recent update to the Worldwide Semiannual Internet of Things Spending Guide from International Data Corporation (IDC). The global technology research and consulting firm's latest forecast...