business

UAE’s ADNIC posts net profit of $27.4 million for Q1 2024

The solid performance is attributed to ADNIC's strong underwriting discipline and substantial growth in key metrics

ATM 2024: DET, Emirates ink agreement to boost Dubai’s position as leading business destination

DET and Emirates will collaborate on a series of events to strengthen relationships with the international business community

UAE’s Alpha Dhabi posts $1.25 billion net profit in Q1 2024

The strong financial performance across the group during Q1 '24 was highlighted by a record revenue of $3.86 billion

Driving economic growth through technology

Harnessing Artificial Intelligence (AI) to combat global economic disruptions and achieve sustainable progress

IHG thrives in the Middle East’s booming travel and tourism market

Leading hospitality brand to open 70 hotels in the region in the next few years

Pillars to boost Abu Dhabi tourism onward and upward with H.E. Saleh Al Geziry

Emirate is committed to celebrating its rich and unique cultural heritage and prioritizing authentic experiences

The Middle East: Rise of a tourism powerhouse

Middle Eastern destinations, including Dubai, Abu Dhabi, and emerging hotspots like Riyadh and Ras Al Khaimah, saw significant tourist inflows in 2023

Saudi Arabia set to increase assets under management to 29.4 percent of GDP by 2024

The Kingdom surpassed 2023 targets with 216 fintech companies in operation and the launch of two digital banks

IMF establishes new regional office in Saudi Arabia, hosts joint conference on industrial policy for diversification

The IMF aims to boost its involvement with regional institutions, governments, and stakeholders by setting up this office

Samsung and Google to team up for next-level AI

Samsung seeks to integrate Google's second-gen Gemini Nano AI into Galaxy S25 smartphones

Egypt to cut interest rates by 2 percent in May; inflation to decrease to 20 percent by end of 2024: Report

The CBE's Monetary Policy Committee is scheduled to meet on May 23 to review the key interest rates

Brazil introduces measures to support small businesses, low-income families, and real estate market

The "Acredita" program helps provide microcredit to CadUnico registrants, enabling access to social programs like Bolsa Familia