Saudi’s SABIC Q1 profit plunges as sales prices, volumes fall
Saudi Basic Industries Corp has cited pressure on global sales prices as it reported a year-on-year (YoY) profit fall of…
All Articles
Explore our comprehensive collection of financial insights, market analysis, and wealth management strategies.
47831 articles available
Dubai’s TECOM Q1 net profit jumps 34%; beats estimate
Dubai business park operator TECOM Group posted a 34% rise in Q1 2023 net profit to 255 million dirhams ($69…
Dubai Islamic Bank to acquire 25% stake in Turkey digital bank
Dubai Islamic Bank, the UAE’s largest Islamic lender, said on Wednesday its board of directors has approved a proposal to…
UAE’s e& reports consolidated revenue of Dhs13bn in Q1 2023
UAE-based telecoms giant e& announced its consolidated financial results for Q1 2023, reporting consolidated revenues touched Dhs13bn. At constant…
Growth in Middle East, Central Asia to slow amid global challenges: IMF
Economic growth in the Middle East, North Africa and Central Asia regions will slow in 2023, underlining the need to…
UAE's mandatory job loss insurance scheme: 2 new employee categories added
The number of categories of employees who can subscribe to the UAE’s job loss scheme has been expanded, with the…
Wealth manager sets up shop in Dubai
Gulf Cooperation Council-based The Family Office has set up an operation in the Dubai International Financial Centre (DIFC) in the…
Bank Nizwa partners with Buna to offer seamless cross-border payments
Bank Nizwa has announced a partnership with Buna, a cross-border payment system fully owned by the Arab Monetary Fund. …
Goldman Lampe Private Bank Announces Record-Breaking Q1 Financial Results
Goldman Lampe Private Bank has announced its extraordinary Q1 financial results, showcasing a remarkable 35% increase in assets under management…
KPMG publishes eighth edition of the GCC listed banks’ results
With banks looking to navigate through pandemic-driven difficulties toward economic recovery and stability, KPMG published the eighth edition of its…
Bank Nizwa signs a MoU with the Specialised Institute for Professional Training of Teachers
Bank Nizwa - the leading and most trusted Islamic bank in the Sultanate of Oman - recently inked a Memorandum…
AI research and development central to UAE’s economic diversification, sustainable growth and global competitiveness strategy – COP28 President-Designate
Artificial intelligence research will play a key role in harnessing global opportunities and creating practical, tangible solutions for increasing AI…