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AI is revolutionising global education: WEF report

A new World Economic Forum report explores how artificial intelligence could revolutionise education systems and improve the experiences of educators and students alike. The new research outlines AI s...

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Nakilat 2024 Q1 net rises 6.1pc to $115.4m

Nakilat Qatar s premier LNG shipping company has seen its first-quarter (Q1) 2024 net profit rise 6.1% to QR420 million ( 115.4 million) compared to QR396 million during the corresponding period in 2023....

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Riyadh to host World Investment Conference in November

Saudi Arabia will host a major global investment conference in November bringing together a range of speakers to discuss global investment trends and opportunities. The 28th World Association of Investment...

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Arab Bank Group Q1 profit surges 17pc to $253m

Arab Bank Group has reported solid results for the first quarter with a 17% jump in its net income after tax reaching 252.8 million from 216.3 million last year. Announcing the results for the three-month...

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Capital.com takes top spot in Deloitte Technology Fast 50

Capital.com the renowned Cyprus-based FinTech company has clinched the top spot for the third consecutive year in the third edition of Deloitte Technology Fast 50 with an impressive 4 411% growth. Following...

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Emirates Islamic Q1 net jumps 35pc to record $221m

Emirates Islamic net profit surged to a record AED811 million ( 221 million) in the first quarter of 2024 up 35% year-on-year underpinned by a robust 19% growth in total income propelled by higher funded...

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Mashreq's net profit soars 25% to $544.5m in Q1

Dubai-based Mashreq s net profit soared to AED2 billion ( 544.54 million) in the first quarter of 2024 marking a substantial 25% increase year-on-year the bank said. It said the results are despite the...

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Abu Dhabi issues $5bn USD-denominated bonds

The UAE emirate of Abu Dhabi has issued 5 billion USD-denominated bonds across three maturity periods Abu Dhabi s Department of Finance (DoF) has announced. The issuance successfully attracted strong investor...

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AUS, Nokia team up to advance engineering education

American University of Sharjah (AUS) has announced that Nokia has joined the College of Engineering (CEN) Al Nukhba programme following the recent signing of a Memorandum of Agreement. The AUS Engineering...

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KAUST, NEOM launch world's largest coral restoration project

King Abdullah University of Science and Technology (KAUST) has collaborated with NEOM the developer of Saudi futuristic city to start working on the first nursery of the KAUST Coral Restoration Initiative...

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DIFC records 23% growth in insurance underwriting volumes

Dubai International Financial Centre (DIFC) the leading global financial hub in the Middle East Africa and South Asia (MEASA) region has consolidated its position as the principal hub for the (re)insurance...

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Yahsat, Bayanat merger to create $4bn opportunity

Yahsat Group and Bayanat merger to create Space42 will serve as a transitional shift in the space technology and artificial intelligence (AI) sector in the UAE and the entire region said Ali Al Hashemi...

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United Arab Bank reports net profit of $18 million for Q1

United Arab Bank has announced its financial results for the three months ended March 31 2024 reporting a net profit after tax of AED68 million ( 18 million) for the first three months in 2024 as compared...

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ADCB Q1 net before tax jumps 26pc to $660m

ADCB has continued its growth momentum into 2024 delivering a first quarter (Q1) net profit before tax of AED2.431 billion ( 660 million) an increase of 26% year on year. Net profit after tax was AED2.139...

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Aramco becomes FIFA's Major Worldwide Partner

Aramco one of the world s leading integrated energy and chemicals companies has signed a four-year global partnership with FIFA (Federation Internationale de Football Association) the international governing...

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Emirates NBD Q1 profit surges 67% to record $1.82bn

Emirates NBD s profit surged 67% to a record AED6.7 billion ( 1.82 billion) in the first quarter of 2024 compared to the previous quarter and up a strong 12% y-o-y propelled by regional growth increased...

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