Dewa has announced that it achieved a consolidated net profit of Dh763 million in the first quarter.
Dewa’s focus on sustainability and environmental efforts is also a factor contributing to its success.
Binance has removed its restriction on Bitcoin withdrawals as trading volumes surge.
Cryptocurrency exchange Binance faced an unexpected halt in bitcoin withdrawals for several hours on Monday.
Since the launch of its strategy, EDB has extended Dh813 million in financing to MSMEs through its credit guarantee scheme.
EDB and the Ministry of Economy have recognized and rewarded their banking and FinTech partners for their involvement in the Bank’s CGS.
UAE bus Manufacturer plans to increase output and look for new markets.
The Indian-origin brand has been buoyed by record bus sales that it notched up last year, and is now doubling down on its intent to launch luxury coaches and electric buses in the GCC market.
Air Arabia has announced a 17% increase in its net profit for the first quarter of 2023, reaching Dh342 million.
Air Arabia, the Middle East and North Africa’s largest low-cost carrier, announced on Monday that it recorded a net profit of Dh342 million for the first quarter of 2023
The spacecraft of a UAE astronaut has been relocated outside the ISS in a thrilling mission.
The upcoming Axiom Space 2 Mission, which will include two Saudi astronauts joining AlNeyadi aboard the ISS, is another significant step forward for the Arab world’s efforts to develop a space sector
It is possible for AI to play a role in deciding which employees to lay off.
The rise of AI technology in workforce management has become a growing trend as companies strive to optimize their operations and reduce costs.
Following the move by the US Federal Reserve, SAMA has increased interest rates.
Saudi Arabia’s central bank, SAMA, has raised its main interest rate by 25 basis points in line with the US Federal Reserve to counter inflation.
Braskem has received a joint offer from the ADNOC and Apollo Global to purchase the company for $7.6 billion.
The potential acquisition of Braskem by ADNOC and Apollo is shaking up the petrochemicals industry.
Startups and SMEs in the UAE make their own decisions on whether to launch or expand
Dubai’s dynamic and diverse startup scene is attracting entrepreneurs from all over the world.